4248 ALDRICH AVE S MINNEAPOLIS MN 55409

PID: 0902824410069

Property Overview

Parcel ID0902824410069

Lot Size5,352 sq ft (0.123 ac)

Lot Dimensions (est.)127 ft wide × 42 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerASHLEY LORENTZ & J LORENTZ

Assessed Value$627,200

Land Value$257,000

Building Value$370,200

Annual Tax$10,117

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $23K total declared value · Most recent: May 2025 (addition)

AdditionMay 2025Inspection

$15K

J & L Design LLC

ResNov 2024Closed

CenterPoint Energy Resource Corp

ExistresSep 2021Closed

McQuillan Bros Plumbing Heating & AC LLC

MiscAug 2020Closed

$8K

LEGACY RESTORATION LLC

ExistresJun 2018Closed

McQuillan Bros Plumbing Heating & AC 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 rent1,676/mo

Renter-occupied16.2%

Median home value$633K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 107

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 depth87 ft

Area~2,797 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 2,797 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4244 ALDRICH AVE S MINNEAPOLIS MN 55409	JENNIFER M GREEN	RESIDENTIAL	$529,200	42 ft
4252 ALDRICH AVE S MINNEAPOLIS MN 55409	ELIZABETH K/JOSEPH S FARHAT	RESIDENTIAL	$786,700	42 ft
4240 ALDRICH AVE S MINNEAPOLIS MN 55409	ADAM FAITEK & MOLLY FAITEK	RESIDENTIAL	$477,000	84 ft
4238 ALDRICH AVE S MINNEAPOLIS MN 55409	G A ALSTAD & A S ALSTAD	RESIDENTIAL	$468,000	126 ft
4249 BRYANT AVE S MINNEAPOLIS MN 55409	TERRAVET 4249 BRYANT AVE S	COMMERCIAL-PREFERRED	$782,300	141 ft
4300 ALDRICH AVE S MINNEAPOLIS MN 55409	W C PARENTEAU/E L PARENTEAU	RESIDENTIAL	$579,300	146 ft
4253 BRYANT AVE S MINNEAPOLIS MN 55409	MARK EMERSON KELJIK	COMMERCIAL-PREFERRED	$655,000	147 ft
4245 BRYANT AVE S MINNEAPOLIS MN 55409	S SHASKAN/T SHASKAN/J SPEED	RESIDENTIAL	$480,800	147 ft
4253 ALDRICH AVE S MINNEAPOLIS MN 55409	J M SHEFCHIK & A M AMUNDSON	RESIDENTIAL	$459,400	163 ft
4241 BRYANT AVE S MINNEAPOLIS MN 55409	BRENDA HAINES	RESIDENTIAL	$528,800	164 ft

Property History

Most Recent Sale

Date201709

Price$480,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,117