3401 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 0402824410014

Property Overview

Parcel ID0402824410014

Lot Size4,393 sq ft (0.101 ac)

Lot Dimensions (est.)119 ft wide × 37 ft deep

Year Built1904

Property ClassRESIDENTIAL-TWO UNIT

OwnerP J SWENSON/E A SWENSON

Assessed Value$362,000

Land Value$166,000

Building Value$196,000

Annual Tax$5,387

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2019 · $3K total declared value · Most recent: Aug 2019 (misc)

MiscAug 2019Closed

$3K

RENEWAL BY ANDERSEN CORP

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

Neighborhood Profile

South Uptown · Minneapolis

Median reported rent1,188/mo

Renter-occupied69.2%

Median home value$289K

Vacancy rate4.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1092

Market Snapshot

Zip code 55408

Median sale price$345K-0.6% YoY

Median price / sqft$218/sqft

Median days to close44 days

Active listings97

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

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 width106 ft

Buildable depth0 ft

Area~1,890 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,890 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3405 ALDRICH AVE S MINNEAPOLIS MN 55408	JOSEPH WALZ	APARTMENT	$653,000	43 ft
709 34TH ST W MINNEAPOLIS MN 55408	CAROLINE GULLY BROWN	RESIDENTIAL	$280,200	87 ft
3409 ALDRICH AVE S MINNEAPOLIS MN 55408	J HOWITT & A LEWANDOWSKI	RESIDENTIAL	$398,600	88 ft
3349 ALDRICH AVE S MINNEAPOLIS MN 55408	E E BALCOS & K A BALCOS	RESIDENTIAL	$368,100	120 ft
716 34TH ST W MINNEAPOLIS MN 55408	PATRICIA J FITZGERALD	COMMERCIAL-PREFERRED	$306,000	125 ft
3415 ALDRICH AVE S MINNEAPOLIS MN 55408	JOHN A MULLANEY	RESIDENTIAL	$433,100	130 ft
3400 LYNDALE AVE S MINNEAPOLIS MN 55408	ACAN PROPERTIES LLC	COMMERCIAL-PREFERRED	$1,170,000	146 ft
3408 LYNDALE AVE S MINNEAPOLIS MN 55408	N M WAHL & L R WAHL	RESIDENTIAL	$385,000	157 ft
3347 ALDRICH AVE S MINNEAPOLIS MN 55408	A L SCHMIERER & S R THOMPSON	RESIDENTIAL-TWO UNIT	$456,900	159 ft
3400 ALDRICH AVE S MINNEAPOLIS MN 55408	TES DE LUNA & JASON HUGHES	RESIDENTIAL	$382,500	160 ft

Property History

Current Tax Year

Year2026

Tax Due$5,387