4604 ALDRICH AVE S MINNEAPOLIS MN 55419

PID: 1602824110031

Property Overview

Parcel ID1602824110031

Lot Size5,028 sq ft (0.115 ac)

Lot Dimensions (est.)134 ft wide × 38 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerPETER S NUSSBAUM

Assessed Value$562,400

Land Value$269,000

Building Value$293,400

Annual Tax$9,037

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $15K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2022Closed

$15K

DS BAHR CONSTRUCTION INC

ExistresJun 2020Closed

TEAM MECHANICAL 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width28 ft

Buildable depth92 ft

Area~2,587 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 2,587 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4608 ALDRICH AVE S MINNEAPOLIS MN 55419	P C ERDAHL & E A O ERDAHL	RESIDENTIAL	$698,500	37 ft
4600 ALDRICH AVE S MINNEAPOLIS MN 55419	E AYLWARD & G AYLWARD	RESIDENTIAL-TWO UNIT	$548,700	39 ft
4612 ALDRICH AVE S MINNEAPOLIS MN 55419	KATE RYAN REILING	RESIDENTIAL	$513,000	74 ft
4616 ALDRICH AVE S MINNEAPOLIS MN 55419	GEORGE CRABLE & LINDA CRABLE	RESIDENTIAL	$594,100	113 ft
4601 BRYANT AVE S MINNEAPOLIS MN 55419	BOUCHER PROPERTIES LLC	COMMERCIAL-PREFERRED	$629,000	136 ft
4611 BRYANT AVE S MINNEAPOLIS MN 55419	4611 BRYANT APARTMENTS LLC	APARTMENT	$814,900	144 ft
4620 ALDRICH AVE S MINNEAPOLIS MN 55419	ROBIN LARSON/SANDRA K LARSON	RESIDENTIAL	$542,000	152 ft
4552 ALDRICH AVE S MINNEAPOLIS MN 55419	COLLEEN M OESTERREICH TRUST	RESIDENTIAL	$451,000	160 ft
4617 BRYANT AVE S MINNEAPOLIS MN 55419	DYLAN M LEEMAN/TYLER WATSON	RESIDENTIAL	$554,000	174 ft
4605 ALDRICH AVE S MINNEAPOLIS MN 55419	CROTTEAU REVOCABLE FAMILY TR	RESIDENTIAL	$544,800	189 ft

Property History

Current Tax Year

Year2026

Tax Due$9,037