457 NEWTON AVE S MINNEAPOLIS MN 55405

PID: 2802924230039

Property Overview

Parcel ID2802924230039

Lot Size9,241 sq ft (0.212 ac)

Lot Dimensions (est.)167 ft wide × 55 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerTHOMAS H & ANGELA G VOLDING

Assessed Value$427,000

Land Value$226,000

Building Value$201,000

Annual Tax$6,468

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $99K total declared value · Most recent: Dec 2023 (misc)

MiscDec 2023Closed

$10K

KAUFMAN SHEET METAL ROOFING INC

ExistresFeb 2020Closed

Super Heating and Cooling LLC

ResAug 2019Closed

Midwest Plumbing and Service LLC

RemodelJun 2019Closed

$80K

MIDWEST WOODWORKING INC

MiscMay 2017Closed

$9K

BUILDERS AND REMODELERS INC

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 width53 ft

Buildable depth107 ft

Area~5,636 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 5,636 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
461 NEWTON AVE S MINNEAPOLIS MN 55405	M MOTZKO & J IKOMA-MOTZKO	RESIDENTIAL	$825,000	69 ft
447 NEWTON AVE S MINNEAPOLIS MN 55405	G J SKEDSVOLD & M P HENRY	RESIDENTIAL	$635,000	81 ft
465 NEWTON AVE S MINNEAPOLIS MN 55405	P M LINNEBACH/K A LINNEBACH	RESIDENTIAL	$514,400	138 ft
612 MORGAN AVE S MINNEAPOLIS MN 55405	B J HEIKES & R HEIKES	RESIDENTIAL	$560,100	162 ft
441 NEWTON AVE S MINNEAPOLIS MN 55405	R A BAUER & R A BAUER	RESIDENTIAL	$489,700	163 ft
618 MORGAN AVE S MINNEAPOLIS MN 55405	CLARISSA BLODGETT	RESIDENTIAL-TWO UNIT	$620,000	169 ft
608 MORGAN AVE S MINNEAPOLIS MN 55405	G W EDWARDS & S W EMERSON	RESIDENTIAL	$523,500	171 ft
620 MORGAN AVE S MINNEAPOLIS MN 55405	M A KELLIHER & D KELLIHER	RESIDENTIAL	$534,600	192 ft
452 NEWTON AVE S MINNEAPOLIS MN 55405	MARLIN L POSSEHL	RESIDENTIAL	$505,400	196 ft
604 MORGAN AVE S MINNEAPOLIS MN 55405	A C NORRIS & E V NORRIS	RESIDENTIAL	$459,100	198 ft

Property History

Most Recent Sale

Date200209

Price$190,700

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$6,468