4608 ALDRICH AVE S MINNEAPOLIS MN 55419

PID: 1602824110032

Property Overview

Parcel ID1602824110032

Lot Size4,956 sq ft (0.114 ac)

Lot Dimensions (est.)134 ft wide × 37 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerP C ERDAHL & E A O ERDAHL

Assessed Value$698,500

Land Value$268,000

Building Value$430,500

Annual Tax$11,537

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2003 · $408K total declared value · Most recent: Nov 2024 (misc)

MiscNov 2024Final Inspection

$8K

GUARDIAN CHIMNEY SOLUTIONS LLC

ResAug 2022Closed

ST PAUL PLUMBING AND HEATING CO INC

ExistresMay 2022Closed

ST PAUL PLUMBING AND HEATING CO INC

Building Re-inspectionOct 2003

$400K

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 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 width24 ft

Buildable depth106 ft

Area~2,536 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 2,536 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
4604 ALDRICH AVE S MINNEAPOLIS MN 55419	PETER S NUSSBAUM	RESIDENTIAL	$562,400	37 ft
4612 ALDRICH AVE S MINNEAPOLIS MN 55419	KATE RYAN REILING	RESIDENTIAL	$513,000	37 ft
4600 ALDRICH AVE S MINNEAPOLIS MN 55419	E AYLWARD & G AYLWARD	RESIDENTIAL-TWO UNIT	$548,700	76 ft
4616 ALDRICH AVE S MINNEAPOLIS MN 55419	GEORGE CRABLE & LINDA CRABLE	RESIDENTIAL	$594,100	76 ft
4620 ALDRICH AVE S MINNEAPOLIS MN 55419	ROBIN LARSON/SANDRA K LARSON	RESIDENTIAL	$542,000	115 ft
4611 BRYANT AVE S MINNEAPOLIS MN 55419	4611 BRYANT APARTMENTS LLC	APARTMENT	$814,900	135 ft
4601 BRYANT AVE S MINNEAPOLIS MN 55419	BOUCHER PROPERTIES LLC	COMMERCIAL-PREFERRED	$629,000	148 ft
4617 BRYANT AVE S MINNEAPOLIS MN 55419	DYLAN M LEEMAN/TYLER WATSON	RESIDENTIAL	$554,000	153 ft
4624 ALDRICH AVE S MINNEAPOLIS MN 55419	MARIANNE H BRINDA	RESIDENTIAL	$498,000	155 ft
4621 BRYANT AVE S MINNEAPOLIS MN 55419	LUCAS OLSON	RESIDENTIAL-TWO UNIT	$629,400	176 ft

Property History

Most Recent Sale

Date199005

Price$117,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$11,537