4252 ALDRICH AVE S MINNEAPOLIS MN 55409

PID: 0902824410070

Property Overview

Parcel ID0902824410070

Lot Size5,351 sq ft (0.123 ac)

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

Year Built1915

Property ClassRESIDENTIAL

OwnerELIZABETH K/JOSEPH S FARHAT

Assessed Value$786,700

Land Value$257,000

Building Value$529,700

Annual Tax$13,135

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2004 · $732K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ExistresJul 2023Expired

Air Mechanical Inc

ResJul 2023Final Inspection

AJ ALBERTS PLUMBING INC

RemodelMay 2023Closed

$32K

ISPIRI LLC

ExistresApr 2022Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

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

Neighborhood Profile

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width114 ft

Buildable depth2 ft

Area~2,535 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 2,535 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4248 ALDRICH AVE S MINNEAPOLIS MN 55409	ASHLEY LORENTZ & J LORENTZ	RESIDENTIAL	$627,200	42 ft
4244 ALDRICH AVE S MINNEAPOLIS MN 55409	JENNIFER M GREEN	RESIDENTIAL	$529,200	84 ft
4300 ALDRICH AVE S MINNEAPOLIS MN 55409	W C PARENTEAU/E L PARENTEAU	RESIDENTIAL	$579,300	103 ft
4240 ALDRICH AVE S MINNEAPOLIS MN 55409	ADAM FAITEK & MOLLY FAITEK	RESIDENTIAL	$477,000	126 ft
4253 BRYANT AVE S MINNEAPOLIS MN 55409	MARK EMERSON KELJIK	COMMERCIAL-PREFERRED	$655,000	141 ft
4249 BRYANT AVE S MINNEAPOLIS MN 55409	TERRAVET 4249 BRYANT AVE S	COMMERCIAL-PREFERRED	$782,300	147 ft
4304 ALDRICH AVE S MINNEAPOLIS MN 55409	D M COMBS & Y K COMBS	RESIDENTIAL	$514,000	147 ft
4253 ALDRICH AVE S MINNEAPOLIS MN 55409	J M SHEFCHIK & A M AMUNDSON	RESIDENTIAL	$459,400	157 ft
4245 BRYANT AVE S MINNEAPOLIS MN 55409	S SHASKAN/T SHASKAN/J SPEED	RESIDENTIAL	$480,800	164 ft
4238 ALDRICH AVE S MINNEAPOLIS MN 55409	G A ALSTAD & A S ALSTAD	RESIDENTIAL	$468,000	168 ft

Property History

Most Recent Sale

Date201304

Price$530,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,135