3910 ALDRICH AVE S MINNEAPOLIS MN 55409

PID: 0902824110089

Property Overview

Parcel ID0902824110089

Lot Size19,821 sq ft (0.455 ac)

Lot Dimensions (est.)135 ft wide × 147 ft deep

Year Built1967

Property ClassAPARTMENT

OwnerJOHNSON INVESTMENT LLC ET AL

Assessed Value$2,342,600

Land Value$492,500

Building Value$1,850,100

Annual Tax$44,488

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 rent1,253/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 width137 ft

Buildable depth95 ft

Area~12,991 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 12,991 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3920 ALDRICH AVE S MINNEAPOLIS MN 55409	BRADY K HALVERSON	RESIDENTIAL	$481,600	94 ft
3900 ALDRICH AVE S MINNEAPOLIS MN 55409	NOAH S KUNIN & C SAINT-CROIX	RESIDENTIAL	$468,000	111 ft
811 39TH ST W MINNEAPOLIS MN 55409	CARY SPECK & CLAIRE WILLIAMS	RESIDENTIAL	$440,000	117 ft
3913 BRYANT AVE S MINNEAPOLIS MN 55409	PETER & CATHY ALLEN	RESIDENTIAL-TWO UNIT	$466,900	135 ft
3924 ALDRICH AVE S MINNEAPOLIS MN 55409	CAROL WICHERS & STAN HACKER	RESIDENTIAL	$463,800	136 ft
3909 BRYANT AVE S MINNEAPOLIS MN 55409	ANNE M FERGUSON	RESIDENTIAL	$369,400	138 ft
3917 BRYANT AVE S MINNEAPOLIS MN 55409	MATTHEW C BOCKLEY TRUST	RESIDENTIAL	$421,100	144 ft
817 39TH ST W MINNEAPOLIS MN 55409	S SHROYER & M SHROYER	RESIDENTIAL	$601,000	148 ft
3921 BRYANT AVE S MINNEAPOLIS MN 55409	MOOSE PROPERTIES LLC	APARTMENT	$564,500	164 ft
723 39TH ST W MINNEAPOLIS MN 55409	ZACH MULLINAX/DARCIE STREIER	RESIDENTIAL	$343,000	177 ft

Property History

Most Recent Sale

Date202103

Price$1,242,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$44,488