425 NEWTON AVE S MINNEAPOLIS MN 55405

PID: 2802924230044

Property Overview

Parcel ID2802924230044

Lot Size6,634 sq ft (0.152 ac)

Lot Dimensions (est.)152 ft wide × 44 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerPATRICIA J CARRON

Assessed Value$574,000

Land Value$199,000

Building Value$375,000

Annual Tax$9,105

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $21K total declared value · Most recent: Jun 2025 (existres)

ExistresJun 2025Inspection

APOLLO HEATING AND AIR

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscSep 2023Closed

$9K

T-10 Construction Services LLC

MiscOct 2021Closed

$8K

SCHERER BROTHERS LUMBER CO

ExistresJan 2020Closed

DNA HEATING AND COOLING

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 width38 ft

Buildable depth98 ft

Area~3,705 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 3,705 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
429 NEWTON AVE S MINNEAPOLIS MN 55405	VIRGINIA M READ	RESIDENTIAL	$525,000	48 ft
421 NEWTON AVE S MINNEAPOLIS MN 55405	J W RASMUSSEN & M J MCCREADY	RESIDENTIAL	$868,000	65 ft
433 NEWTON AVE S MINNEAPOLIS MN 55405	RICHARD O BELL	RESIDENTIAL	$573,000	100 ft
417 NEWTON AVE S MINNEAPOLIS MN 55405	T G BARND & L A BARND	RESIDENTIAL	$708,900	143 ft
437 NEWTON AVE S MINNEAPOLIS MN 55405	LANE M SKALBERG	RESIDENTIAL	$766,800	158 ft
436 MORGAN AVE S MINNEAPOLIS MN 55405	THOMAS E HOOVER	RESIDENTIAL	$453,800	166 ft
440 MORGAN AVE S MINNEAPOLIS MN 55405	C ANDRESS & V ANDRESS	RESIDENTIAL	$624,000	169 ft
432 MORGAN AVE S MINNEAPOLIS MN 55405	ANDREW K LESTRUD	RESIDENTIAL	$517,400	177 ft
420 NEWTON AVE S MINNEAPOLIS MN 55405	JOSEPH WAGNER & JAN WAGNER	RESIDENTIAL	$748,000	180 ft
444 MORGAN AVE S MINNEAPOLIS MN 55405	G J FAUCHER & C M FAUCHER	RESIDENTIAL	$521,300	187 ft

Property History

Current Tax Year

Year2026

Tax Due$9,105