2320 NEWTON AVE S MINNEAPOLIS MN 55405

PID: 3302924220069

Property Overview

Parcel ID3302924220069

Lot Size22,355 sq ft (0.513 ac)

Lot Dimensions (est.)176 ft wide × 127 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerCAROL G SIMONSON REV TR ETAL

Assessed Value$1,596,000

Land Value$812,000

Building Value$784,000

Annual Tax$28,444

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $14K total declared value · Most recent: Apr 2025 (misc)

MiscApr 2025Closed

$7K

Countrywide Contracting

MiscJun 2023Closed

$7K

SELA ROOFING AND REMODELING INC

ExistresNov 2018Closed

HomeWorks Services LLC

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

Neighborhood Profile

Kenwood · Minneapolis

Median reported rent1,749/mo

Renter-occupied47.2%

Median home value$827K

Vacancy rate7.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1065

Market Snapshot

Zip code 55405

Median sale price$540K+10.8% YoY

Median price / sqft$268/sqft

Median days to close21 days

Active listings52

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width163 ft

Buildable depth87 ft

Area~15,649 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 15,649 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
2315 OLIVER AVE S MINNEAPOLIS MN 55405	R S GREGORY & J L GREGORY	RESIDENTIAL	$595,100	119 ft
2308 NEWTON AVE S MINNEAPOLIS MN 55405	J F CONN & R S EICHEN CONN	RESIDENTIAL	$880,000	130 ft
2309 OLIVER AVE S MINNEAPOLIS MN 55405	ROBERT C LEFEVERE ET AL	RESIDENTIAL	$1,098,300	167 ft
2400 OLIVER AVE S MINNEAPOLIS MN 55405	EDWIN J HLAVKA REV TR ET AL	RESIDENTIAL	$2,145,600	186 ft
2325 NEWTON AVE S MINNEAPOLIS MN 55405	P G JONES & S C JONES TRUSTE	RESIDENTIAL	$890,400	190 ft
2323 NEWTON AVE S MINNEAPOLIS MN 55405	K M CHEW & Y M LEONG	RESIDENTIAL	$926,100	195 ft
2329 NEWTON AVE S MINNEAPOLIS MN 55405	SARAH JAND RAND	RESIDENTIAL	$1,363,600	197 ft
2304 NEWTON AVE S MINNEAPOLIS MN 55405	C & A FERRELL	RESIDENTIAL	$1,252,700	198 ft
2324 OLIVER AVE S MINNEAPOLIS MN 55405	K HRYNIEWICZ-CZENESZEW ET AL	RESIDENTIAL	$1,027,700	198 ft
2317 NEWTON AVE S MINNEAPOLIS MN 55405	JOAN E WERNICK REVOC TRUST	RESIDENTIAL	$990,200	203 ft

Property History

Current Tax Year

Year2026

Tax Due$28,444