3431 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 0402824410087

Property Overview

Parcel ID0402824410087

Lot Size4,992 sq ft (0.115 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerM XIONG & T PHUNG

Assessed Value$469,000

Land Value$178,000

Building Value$291,000

Annual Tax$7,173

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · Most recent: Jul 2018 (res)

ResJul 2018Closed

JOSH'S PRO PLUMBING LLC

ExistresJul 2018Closed

Midland HVAC LLC

ResApr 2018Closed

CENTERPOINT ENERGY

ResApr 2018Closed

CENTERPOINT ENERGY

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 depth79 ft

Area~2,522 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 2,522 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
3437 ALDRICH AVE S MINNEAPOLIS MN 55408	MARAN PETERSON WOLSTON	RESIDENTIAL-TWO UNIT	$428,600	42 ft
3429 ALDRICH AVE S MINNEAPOLIS MN 55408	JASON HILL & MELISSA HILL	RESIDENTIAL-TWO UNIT	$391,300	42 ft
3425 ALDRICH AVE S MINNEAPOLIS MN 55408	LISA OWEN & ISABELLA OWEN	RESIDENTIAL	$416,500	84 ft
3441 ALDRICH AVE S MINNEAPOLIS MN 55408	LEAH & BRIAN RHEA	RESIDENTIAL-TWO UNIT	$386,300	84 ft
3421 ALDRICH AVE S MINNEAPOLIS MN 55408	W J KELLEY & H MILLER-KELLEY	RESIDENTIAL	$398,200	126 ft
3447 ALDRICH AVE S MINNEAPOLIS MN 55408	ELLIOT KOCH & EMMA ROTILIE	RESIDENTIAL	$526,700	126 ft
3432 LYNDALE AVE S MINNEAPOLIS MN 55408	BETTINA STUECHER	RESIDENTIAL	$395,100	130 ft
3428 LYNDALE AVE S MINNEAPOLIS MN 55408	JEFF D OAKES	RESIDENTIAL-TWO UNIT	$450,200	137 ft
3436 LYNDALE AVE S MINNEAPOLIS MN 55408	SELA INVESTMENTS LTD LLP	APARTMENT	$1,188,000	142 ft
3424 LYNDALE AVE S MINNEAPOLIS MN 55408	KENNETH J NUSS REVOC TRUST	RESIDENTIAL	$349,400	156 ft

Property History

Most Recent Sale

Date202504

Price$455,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,173