4601 ALDRICH AVE S MINNEAPOLIS MN 55419

PID: 1602824110029

Property Overview

Parcel ID1602824110029

Lot Size4,240 sq ft (0.097 ac)

Lot Dimensions (est.)125 ft wide × 34 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerSTEVEN N SCHULTZ

Assessed Value$468,600

Land Value$220,000

Building Value$248,600

Annual Tax$7,382

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · $13K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2021Closed

$13K

MC EXTERIORS INC

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

Neighborhood Profile

Lynnhurst · 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 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth0 ft

Area~1,610 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,610 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4605 ALDRICH AVE S MINNEAPOLIS MN 55419	CROTTEAU REVOCABLE FAMILY TR	RESIDENTIAL	$544,800	36 ft
4609 ALDRICH AVE S MINNEAPOLIS MN 55419	C J RITACCO & V J RITACCO	RESIDENTIAL	$547,000	74 ft
4615 ALDRICH AVE S MINNEAPOLIS MN 55419	BLACK SQUIRREL TRUST	RESIDENTIAL	$582,500	115 ft
4553 ALDRICH AVE S MINNEAPOLIS MN 55419	KAY F KING	RESIDENTIAL	$726,000	118 ft
711 46TH ST W MINNEAPOLIS MN 55419	CHRISTOPHER HEAD	RESIDENTIAL	$771,800	126 ft
4608 LYNDALE AVE S MINNEAPOLIS MN 55419	CARYL ROBERT SWANSON	RESIDENTIAL	$352,000	145 ft
4617 ALDRICH AVE S MINNEAPOLIS MN 55419	KEVIN SEAN BURKE	RESIDENTIAL	$567,700	155 ft
710 46TH ST W MINNEAPOLIS MN 55419	ANNA HALSTEAD/ZANE HALSTEAD	RESIDENTIAL	$418,600	160 ft
4549 ALDRICH AVE S MINNEAPOLIS MN 55419	FERIDOON YUSEFZADEH	RESIDENTIAL-TWO UNIT	$625,700	160 ft
4612 LYNDALE AVE S MINNEAPOLIS MN 55419	F M NAVARRO & S L MURPHY	RESIDENTIAL	$563,000	170 ft

Property History

Most Recent Sale

Date200309

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,382