3625 ALDRICH AVE S MINNEAPOLIS MN 55409

PID: 0402824440005

Property Overview

Parcel ID0402824440005

Lot Size9,996 sq ft (0.229 ac)

Lot Dimensions (est.)119 ft wide × 84 ft deep

Year Built1968

Property ClassAPARTMENT

Owner3625 ALDRICH LLC

Assessed Value$1,186,100

Land Value$250,000

Building Value$936,100

Annual Tax$22,525

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

East Harriet · 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 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 width74 ft

Buildable depth79 ft

Area~5,840 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 5,840 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
3617 ALDRICH AVE S MINNEAPOLIS MN 55409	PAUL M MOORMANN	RESIDENTIAL	$366,500	63 ft
3629 ALDRICH AVE S MINNEAPOLIS MN 55409	DAVID T & REBECCA M DOSSE	RESIDENTIAL	$386,000	63 ft
3613 ALDRICH AVE S MINNEAPOLIS MN 55409	S R LOYE & G E GIBBONS	RESIDENTIAL	$405,700	105 ft
3633 ALDRICH AVE S MINNEAPOLIS MN 55409	SHANNON ELISE MURPHY	RESIDENTIAL	$442,600	105 ft
3620 LYNDALE AVE S MINNEAPOLIS MN 55409	WELLS BOVARD	RESIDENTIAL-TWO UNIT	$399,600	132 ft
3624 LYNDALE AVE S MINNEAPOLIS MN 55409	HAREGEWIN D TEKLE-STEPHENS	RESIDENTIAL-TWO UNIT	$472,400	132 ft
3628 LYNDALE AVE S MINNEAPOLIS MN 55409	A J ZAUDTKE & L M ZAUDTKE	RESIDENTIAL	$438,200	145 ft
3616 LYNDALE AVE S MINNEAPOLIS MN 55409	J L KOPECKY & J KOPECKY	RESIDENTIAL-TWO UNIT	$386,100	145 ft
3637 ALDRICH AVE S MINNEAPOLIS MN 55409	TERRI LYNN BLESSING	RESIDENTIAL	$301,700	147 ft
3609 ALDRICH AVE S MINNEAPOLIS MN 55409	JOHN LOFTUS SLAIGHT	CONDOMINIUM	$216,000	150 ft

Property History

Most Recent Sale

Date202302

Price$1,290,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$22,525