3500 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 0402824410102

Property Overview

Parcel ID0402824410102

Lot Size5,567 sq ft (0.128 ac)

Lot Dimensions (est.)129 ft wide × 43 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerM N LAZAR & S E QUIMBY

Assessed Value$343,800

Land Value$178,000

Building Value$165,800

Annual Tax$5,103

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2024 · $15K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$15K

JACK PIXLEY CHIMNEY SWEEPS AND MASONRY

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

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 width116 ft

Buildable depth3 ft

Area~2,683 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 2,683 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3504 ALDRICH AVE S MINNEAPOLIS MN 55408	MIA L OLSON & KURT H HANSON	RESIDENTIAL-TWO UNIT	$400,500	43 ft
3508 ALDRICH AVE S MINNEAPOLIS MN 55408	RON DACHIS	RESIDENTIAL-TWO UNIT	$497,800	85 ft
3452 ALDRICH AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	103 ft
3512 ALDRICH AVE S MINNEAPOLIS MN 55408	MARY HOURIGAN	RESIDENTIAL	$452,600	127 ft
3501 BRYANT AVE S MINNEAPOLIS MN 55408	JOSEPH G METZLER	RESIDENTIAL	$472,100	140 ft
3505 BRYANT AVE S MINNEAPOLIS MN 55408	JEREMY TERHAAR	RESIDENTIAL	$337,000	147 ft
812 35TH ST W MINNEAPOLIS MN 55408	NEIRBO HOLDINGS LLC	APARTMENT	$496,000	164 ft
3509 BRYANT AVE S MINNEAPOLIS MN 55408	SAMUEL WILLIS JR	RESIDENTIAL-TWO UNIT	$493,800	164 ft
3516 ALDRICH AVE S MINNEAPOLIS MN 55408	DEAN WILLER	RESIDENTIAL-TWO UNIT	$516,400	169 ft
3444 ALDRICH AVE S MINNEAPOLIS MN 55408	GARFIELD APARTMENTS LLC	APARTMENT	$2,400,000	187 ft

Property History

Most Recent Sale

Date200206

Price$219,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$5,103