4551 ALDRICH AVE N MINNEAPOLIS MN 55412

PID: 1211821340132

Property Overview

Parcel ID1211821340132

Lot Size5,128 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerJER HODGE YANG

Assessed Value$266,100

Land Value$31,000

Building Value$235,100

Annual Tax$4,082

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

3 permits on record since 2018 · $7K total declared value · Most recent: Feb 2022 (misc)

MiscFeb 2022Closed

$2K

WINDOW WORLD

MiscFeb 2018Closed

$5K

BASEMENT REPAIR SPECIALISTS

ResJan 2018Closed

Plumb Right 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 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 width30 ft

Buildable depth88 ft

Area~2,645 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 2,645 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4547 ALDRICH AVE N MINNEAPOLIS MN 55412	K CLEMENT/E & D GORTON	RESIDENTIAL	$146,000	40 ft
4553 ALDRICH AVE N MINNEAPOLIS MN 55412	ELI R SOMERS	RESIDENTIAL	$309,900	59 ft
4543 ALDRICH AVE N MINNEAPOLIS MN 55412	LEI MORENO MILLONDAGA	RESIDENTIAL	$168,900	78 ft
4539 ALDRICH AVE N MINNEAPOLIS MN 55412	ASHTON TERRY	RESIDENTIAL	$235,100	116 ft
4550 BRYANT AVE N MINNEAPOLIS MN 55412	ANDREW ALEX TRAN	RESIDENTIAL	$187,200	142 ft
4554 BRYANT AVE N MINNEAPOLIS MN 55412	LATONYA LOBSTER	RESIDENTIAL	$168,600	147 ft
4544 BRYANT AVE N MINNEAPOLIS MN 55412	C L COLE & J J THRASHER	RESIDENTIAL	$202,500	152 ft
4535 ALDRICH AVE N MINNEAPOLIS MN 55412	JULIA GARTZKE	RESIDENTIAL-TWO UNIT	$301,300	156 ft
4558 BRYANT AVE N MINNEAPOLIS MN 55412	LESLIE SCHROEDER	RESIDENTIAL	$170,500	161 ft
4601 ALDRICH AVE N MINNEAPOLIS MN 55412	KEITH D MALMER	RESIDENTIAL	$184,800	177 ft

Property History

Most Recent Sale

Date202407

Price$262,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,082