432 NEWTON AVE S MINNEAPOLIS MN 55405

PID: 2802924230005

Property Overview

Parcel ID2802924230005

Lot Size8,019 sq ft (0.184 ac)

Lot Dimensions (est.)167 ft wide × 48 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerM S SMITH & L C STRINGER

Assessed Value$884,000

Land Value$216,000

Building Value$668,000

Annual Tax$14,965

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2022 · $382K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

ResDec 2022Closed

Warners Stellian Co Inc

ExistresMar 2022Closed

Centraire Heating & Air Conditioning LLC

RemodelMar 2022Closed

$7K

ALL ENERGY SOLAR INC

ResJan 2022Closed

Alexander Plumbing LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth120 ft

Area~4,805 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 4,805 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
434 NEWTON AVE S MINNEAPOLIS MN 55405	R W HEILI & J S WILEY	RESIDENTIAL	$590,600	50 ft
428 NEWTON AVE S MINNEAPOLIS MN 55405	C T DAVIS & G J MARITA	RESIDENTIAL	$638,000	60 ft
436 NEWTON AVE S MINNEAPOLIS MN 55405	R J LINDH & R C LINDH	RESIDENTIAL	$765,000	100 ft
424 NEWTON AVE S MINNEAPOLIS MN 55405	S E ERICKSON & E L ERICKSON	RESIDENTIAL-TWO UNIT	$707,300	103 ft
444 NEWTON AVE S MINNEAPOLIS MN 55405	K LARSON & C AAS-LARSON	RESIDENTIAL	$689,000	150 ft
421 OLIVER AVE S MINNEAPOLIS MN 55405	L M MARASCO REV LIV TR ET AL	RESIDENTIAL	$577,900	173 ft
420 NEWTON AVE S MINNEAPOLIS MN 55405	JOSEPH WAGNER & JAN WAGNER	RESIDENTIAL	$748,000	177 ft
425 OLIVER AVE S MINNEAPOLIS MN 55405	SARAH HERNANDEZ	RESIDENTIAL	$477,300	190 ft
448 NEWTON AVE S MINNEAPOLIS MN 55405	B D HORRAS & E A HELGERSON	RESIDENTIAL	$476,700	200 ft
2101 LAUREL AVE W MINNEAPOLIS MN 55405	KATHLEEN J HURLEY	RESIDENTIAL	$418,700	207 ft

Property History

Most Recent Sale

Date199002

Price$129,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$14,965