3424 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 0402824410022

Property Overview

Parcel ID0402824410022

Lot Size5,412 sq ft (0.124 ac)

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

Year Built1907

Property ClassRESIDENTIAL

OwnerR W STARCHER & S A STARCHER

Assessed Value$500,600

Land Value$186,000

Building Value$314,600

Annual Tax$7,699

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2018 · $65K total declared value · Most recent: Sep 2024 (res)

ResSep 2024Closed

Summit Mechanical LLC

ResAug 2022Closed

1-800-Plumber +Air of Plymouth

RemodelDec 2021Closed

$40K

BLACK DOG HOMES CO

ExistresNov 2021Closed

Heating and Cooling Two Inc

RemodelNov 2021Closed

$3K

AFFORDABLE EGRESS WINDOWS & BASEMENT WATERPROOFI

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$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 depth89 ft

Area~2,842 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 2,842 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
3420 ALDRICH AVE S MINNEAPOLIS MN 55408	HOLLY L GUSTAFSON TRUSTEE	RESIDENTIAL	$417,000	42 ft
3428 ALDRICH AVE S MINNEAPOLIS MN 55408	MARY MAGNUSON	APARTMENT	$653,000	44 ft
3416 ALDRICH AVE S MINNEAPOLIS MN 55408	CHRISTOPHER MOHS	RESIDENTIAL	$366,700	84 ft
3432 ALDRICH AVE S MINNEAPOLIS MN 55408	MAGDALENA WIELOPOLSKI	RESIDENTIAL-TWO UNIT	$466,500	86 ft
3412 ALDRICH AVE S MINNEAPOLIS MN 55408	VICTORIA SHEA	RESIDENTIAL	$390,200	126 ft
3436 ALDRICH AVE S MINNEAPOLIS MN 55408	LYNEE D KOESTER	RESIDENTIAL	$461,000	126 ft
3425 BRYANT AVE S MINNEAPOLIS MN 55408	KEITH MORANCIE	RESIDENTIAL	$411,200	140 ft
3421 BRYANT AVE S MINNEAPOLIS MN 55408	SUZANNE R ATWOOD	RESIDENTIAL	$382,100	146 ft
3429 BRYANT AVE S MINNEAPOLIS MN 55408	MARILYN S HABERMAS-SCHER	RESIDENTIAL	$314,000	147 ft
3417 BRYANT AVE S MINNEAPOLIS MN 55408	RYAN BROWN & CHELSEY KOLZ	RESIDENTIAL	$395,900	163 ft

Property History

Most Recent Sale

Date202105

Price$456,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,699