4012 ALDRICH AVE S MINNEAPOLIS MN 55409

PID: 0902824140018

Property Overview

Parcel ID0902824140018

Lot Size5,654 sq ft (0.130 ac)

Lot Dimensions (est.)135 ft wide × 42 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerDAVID WATTS

Assessed Value$511,700

Land Value$241,000

Building Value$270,700

Annual Tax$7,954

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $32K total declared value · Most recent: Sep 2024 (remodel)

RemodelSep 2024Inspection

$5K

Newsom Design Build

MiscApr 2024Closed

$3K

RENEWAL BY ANDERSEN CORP

MiscSep 2023Closed

$9K

LEGACY RESTORATION LLC

ResMar 2022Closed

McQuillan Bros Plumbing Heating & AC LLC

RemodelOct 2020Closed

$15K

Xpres Bath and Shower

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 depth95 ft

Area~3,028 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 3,028 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
4008 ALDRICH AVE S MINNEAPOLIS MN 55409	JACQUELINE P GRIFFIN	RESIDENTIAL	$375,500	42 ft
4016 ALDRICH AVE S MINNEAPOLIS MN 55409	PETER W VILLALTA	RESIDENTIAL	$457,800	42 ft
4004 ALDRICH AVE S MINNEAPOLIS MN 55409	SIMEON TEOPACO/HALEY KIMMET	RESIDENTIAL	$398,500	84 ft
4020 ALDRICH AVE S MINNEAPOLIS MN 55409	S L & T J THOMA	RESIDENTIAL	$436,000	84 ft
4024 ALDRICH AVE S MINNEAPOLIS MN 55409	J K STENSLAND/S J STENSLAND	RESIDENTIAL	$508,200	126 ft
4000 ALDRICH AVE S MINNEAPOLIS MN 55409	ISLES 2020 LLC	APARTMENT	$1,127,800	129 ft
4015 BRYANT AVE S MINNEAPOLIS MN 55409	THOMAS J JOHNSON IV	RESIDENTIAL	$443,000	135 ft
815 40TH ST W MINNEAPOLIS MN 55409	HELLER LANDECKER	RESIDENTIAL	$371,000	140 ft
4017 BRYANT AVE S MINNEAPOLIS MN 55409	JUDITH M WRIGHT	RESIDENTIAL	$378,200	141 ft
4011 BRYANT AVE S MINNEAPOLIS MN 55409	K R FAWCETT & C J HOFFMAN	RESIDENTIAL	$448,800	141 ft

Property History

Most Recent Sale

Date201907

Price$435,412

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,954