3848 ALDRICH AVE S MINNEAPOLIS MN 55409

PID: 0902824110033

Property Overview

Parcel ID0902824110033

Lot Size4,372 sq ft (0.100 ac)

Lot Dimensions (est.)115 ft wide × 38 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerELIZABETH KARAN

Assessed Value$420,300

Land Value$193,000

Building Value$227,300

Annual Tax$6,384

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $20K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

RemodelApr 2023Closed

$3K

EGRESS WINDOW GUY

ResAug 2022Expired

Warners Stellian Co Inc

ExistresJul 2022Closed

Hero Home Services LLC

MiscAug 2018Closed

$9K

KAT CONSTRUCTION LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

East Harriet · Minneapolis

Median reported rent1,253/mo

Renter-occupied32.9%

Median home value$403K

Vacancy rate4.7%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1099

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 width32 ft

Buildable depth64 ft

Area~1,939 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 1,939 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
3844 ALDRICH AVE S MINNEAPOLIS MN 55409	BRENT JOHN NORGAARD	RESIDENTIAL	$406,900	43 ft
3852 ALDRICH AVE S MINNEAPOLIS MN 55409	C SWAIMAN & I SWAIMAN	RESIDENTIAL	$371,700	45 ft
810 39TH ST W MINNEAPOLIS MN 55409	DEIRDRE CULLEN	RESIDENTIAL	$371,500	65 ft
3840 ALDRICH AVE S MINNEAPOLIS MN 55409	J ROSSUM & B ROSSUM	RESIDENTIAL	$519,400	84 ft
812 39TH ST W MINNEAPOLIS MN 55409	B EFROIMSKIY & D PERESVETOVA	RESIDENTIAL	$401,300	119 ft
3836 ALDRICH AVE S MINNEAPOLIS MN 55409	J J BIRK & B R BIRK	RESIDENTIAL	$357,100	126 ft
3849 ALDRICH AVE S MINNEAPOLIS MN 55409	NICOLE GAYE MCCRACKEN	RESIDENTIAL	$361,000	154 ft
3900 ALDRICH AVE S MINNEAPOLIS MN 55409	NOAH S KUNIN & C SAINT-CROIX	RESIDENTIAL	$468,000	158 ft
3853 ALDRICH AVE S MINNEAPOLIS MN 55409	RANDALL S FELDMAN	RESIDENTIAL	$356,500	160 ft
3845 BRYANT AVE S MINNEAPOLIS MN 55409	JOHNSON INVESTMENT LLC ET AL	APARTMENT	$2,342,600	166 ft

Property History

Most Recent Sale

Date202208

Price$485,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,384