3225 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 0402824140011

Property Overview

Parcel ID0402824140011

Lot Size5,036 sq ft (0.116 ac)

Lot Dimensions (est.)119 ft wide × 42 ft deep

Year Built1910

Property ClassRESIDENTIAL-TWO UNIT

OwnerKATHERINE L SCHAFER

Assessed Value$468,300

Land Value$178,000

Building Value$290,300

Annual Tax$7,160

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $21K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Closed

Rascher Plumbing and Heating Inc

ExistresOct 2025Final Inspection

Binder Heating and Air Conditioning Inc

RemodelJul 2024Closed

$4K

Three Rivers Contracting LLC

MiscOct 2023Closed

$12K

ROOFS-R-US

AdditionMay 2019Closed

$5K

Hage Construction Co

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

Neighborhood Profile

South Uptown · Minneapolis

Median reported rent1,449/mo

Renter-occupied73.2%

Median home value$398K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 81

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width32 ft

Buildable depth80 ft

Area~2,551 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 2,551 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3221 ALDRICH AVE S MINNEAPOLIS MN 55408	RICHARD G DITTRICH ETAL	RESIDENTIAL	$373,000	42 ft
3229 ALDRICH AVE S MINNEAPOLIS MN 55408	PAUL M BERNSTEIN REV TRUST	RESIDENTIAL	$481,000	43 ft
3217 ALDRICH AVE S MINNEAPOLIS MN 55408	L A HAUGEN & O S HAUGEN	RESIDENTIAL	$527,100	85 ft
3233 ALDRICH AVE S MINNEAPOLIS MN 55408	MARY PANOS	RESIDENTIAL	$502,700	85 ft
3213 ALDRICH AVE S MINNEAPOLIS MN 55408	ROXANNE L WOLFE	TRIPLEX	$630,300	127 ft
3237 ALDRICH AVE S MINNEAPOLIS MN 55408	B K VANDERAH & E J MCAULIFFE	RESIDENTIAL	$315,000	127 ft
3224 LYNDALE AVE S MINNEAPOLIS MN 55408	AMY J FASTENAU	RESIDENTIAL	$361,900	130 ft
3228 LYNDALE AVE S MINNEAPOLIS MN 55408	JAVIER CASILLAS-ORTIZ	RESIDENTIAL	$359,600	137 ft
3220 LYNDALE AVE S MINNEAPOLIS MN 55408	HUPP HOLDINGS II LLC	APARTMENT	$653,000	137 ft
3232 LYNDALE AVE S MINNEAPOLIS MN 55408	NGUYEN THAI HOANG	RESIDENTIAL	$377,100	155 ft

Property History

Current Tax Year

Year2026

Tax Due$7,160