4941 ALDRICH AVE N MINNEAPOLIS MN 55430

PID: 1211821240078

Property Overview

Parcel ID1211821240078

Lot Size6,487 sq ft (0.149 ac)

Lot Dimensions (est.)130 ft wide × 50 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerJ ACHMADEKE & K SCHMADEKE

Assessed Value$224,300

Land Value$47,000

Building Value$177,300

Annual Tax$3,472

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2023 · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Lind - Bohanon · Minneapolis

Median reported rent1,200/mo

Renter-occupied30.7%

Median home value$219K

Vacancy rate6.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1.02

Market Snapshot

Zip code 55430

Median sale price$285K+3.3% YoY

Median price / sqft$175/sqft

Median days to close36 days

Active listings37

Source: Redfin Data Center (Invalid Date) · Zip 55430

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth90 ft

Area~3,588 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 sfr / adu benchmarks for 3,588 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4945 ALDRICH AVE N MINNEAPOLIS MN 55430	N D N CORREA/L M C SANCHEZ	RESIDENTIAL	$243,200	47 ft
4937 ALDRICH AVE N MINNEAPOLIS MN 55430	GLORIA J ROYBAL	RESIDENTIAL	$222,500	50 ft
4933 ALDRICH AVE N MINNEAPOLIS MN 55430	EMMA YOHO	RESIDENTIAL	$281,800	100 ft
4940 BRYANT AVE N MINNEAPOLIS MN 55430	C HARRINGTON & S SOBERG	RESIDENTIAL	$232,000	143 ft
4929 ALDRICH AVE N MINNEAPOLIS MN 55430	MAURICIO VELAZQUEZ GUTIERREZ	RESIDENTIAL	$205,100	150 ft
4944 BRYANT AVE N MINNEAPOLIS MN 55430	ANDREW S ATTIA	RESIDENTIAL	$230,000	151 ft
4936 BRYANT AVE N MINNEAPOLIS MN 55430	L BELLFIELD SR/C B BELLFIELD	RESIDENTIAL	$228,900	152 ft
5001 ALDRICH AVE N MINNEAPOLIS MN 55430	S TIMMONS & M JACKSON	RESIDENTIAL	$211,200	155 ft
4932 BRYANT AVE N MINNEAPOLIS MN 55430	PAUL WILLIAM EDGAR	RESIDENTIAL	$254,400	174 ft
4940 ALDRICH AVE N MINNEAPOLIS MN 55430	RICKY A MCALLISTER	RESIDENTIAL	$237,100	188 ft

Property History

Most Recent Sale

Date201805

Price$177,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,472