3537 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 0402824410179

Property Overview

Parcel ID0402824410179

Lot Size4,995 sq ft (0.115 ac)

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

Year Built1905

Property ClassRESIDENTIAL

OwnerB HERDERING / A M HERDERING

Assessed Value$461,500

Land Value$178,000

Building Value$283,500

Annual Tax$7,074

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $3K total declared value · Most recent: Aug 2025 (existres)

ExistresAug 2025Inspection

Standard Heating and Air Conditioning Inc

ExistresApr 2023Closed

McQuillan Bros Plumbing Heating & AC LLC

MiscApr 2020Closed

$872

THE HOME DEPOT

ExistresNov 2018Closed

ST PAUL PLUMBING AND HEATING CO INC

RemodelSep 2018Closed

$2K

WINDOW CONCEPTS OF MINNESOTA 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 rent1,188/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~2,525 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 2,525 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
3541 ALDRICH AVE S MINNEAPOLIS MN 55408	M TROICKI & M TROICKI	RESIDENTIAL-TWO UNIT	$522,000	42 ft
3533 ALDRICH AVE S MINNEAPOLIS MN 55408	JASON GEMMELL	RESIDENTIAL	$308,000	42 ft
3529 ALDRICH AVE S MINNEAPOLIS MN 55408	DANIEL TODD LUCHT	RESIDENTIAL	$404,300	84 ft
3525 ALDRICH AVE S MINNEAPOLIS MN 55408	S XANTHOUDAKIS/TERI E ANGST	RESIDENTIAL-TWO UNIT	$561,300	126 ft
3536 LYNDALE AVE S MINNEAPOLIS MN 55408	MALYN JOSEPHINE MUELLER TR	RESIDENTIAL	$470,600	130 ft
3545 ALDRICH AVE S MINNEAPOLIS MN 55408	ROBERT S MAYFIELD	CONDOMINIUM	$318,000	133 ft
3547 ALDRICH AVE S MINNEAPOLIS MN 55408	NIRMAL KAUR	CONDOMINIUM	$318,000	133 ft
MN	Unknown	—	—	133 ft
3549 ALDRICH AVE S MINNEAPOLIS MN 55408	RYAN HAYLE	CONDOMINIUM	$334,000	133 ft
3551 ALDRICH AVE S MINNEAPOLIS MN 55408	MARGARET D GERZSENYI ET AL	CONDOMINIUM	$318,000	133 ft

Property History

Most Recent Sale

Date202410

Price$461,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,074