3248 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 0402824140095

Property Overview

Parcel ID0402824140095

Lot Size5,464 sq ft (0.125 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerMAX J SCHOTT II

Assessed Value$626,700

Land Value$186,000

Building Value$440,700

Annual Tax$10,108

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

14 permits on record since 2017 · $117K total declared value · Most recent: Oct 2019 (misc)

MiscOct 2019Closed

$11K

KAUFMAN SHEET METAL ROOFING INC

ResJan 2019Closed

Warners Stellian Co Inc

ExistresOct 2018Closed

Freedom Heating and Air Conditioning Inc

ResOct 2018Closed

Twin City Fireplace & Stone Company

ExistresOct 2018Closed

Rascher Plumbing and Heating Inc

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 depth90 ft

Area~2,878 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 2,878 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3252 ALDRICH AVE S MINNEAPOLIS MN 55408	E ELLIOTT & M L ELLIOTT	RESIDENTIAL	$570,800	43 ft
3240 ALDRICH AVE S MINNEAPOLIS MN 55408	DAVID O HANSEN	APARTMENT	$1,267,000	63 ft
3236 ALDRICH AVE S MINNEAPOLIS MN 55408	DANIEL PREYS & SYDNEY SCHUIT	RESIDENTIAL	$473,200	127 ft
3249 BRYANT AVE S MINNEAPOLIS MN 55408	MAUREEN S CARLSON	RESIDENTIAL	$274,700	140 ft
3300 ALDRICH AVE S MINNEAPOLIS MN 55408	LAUREN FLEMING	RESIDENTIAL	$415,800	141 ft
3243 BRYANT AVE S MINNEAPOLIS MN 55408	F RYAN/E JOHNSON/P OTTOSEN	RESIDENTIAL-TWO UNIT	$511,300	146 ft
3253 BRYANT AVE S MINNEAPOLIS MN 55408	JC LLC	RESIDENTIAL-TWO UNIT	$686,000	147 ft
3241 BRYANT AVE S MINNEAPOLIS MN 55408	CASEY NIELSEN/JOHN SCHMIDT	RESIDENTIAL	$328,700	163 ft
3249 ALDRICH AVE S MINNEAPOLIS MN 55408	C A GRAESER & D H PERRY	RESIDENTIAL	$286,500	163 ft
3253 ALDRICH AVE S MINNEAPOLIS MN 55408	C A GRAESER & D H PERRY	RESIDENTIAL	$406,400	169 ft

Property History

Most Recent Sale

Date202206

Price$690,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,108