4937 ALDRICH AVE S MINNEAPOLIS MN 55419

PID: 1602824140011

Property Overview

Parcel ID1602824140011

Lot Size6,251 sq ft (0.144 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerSHELLEY SPARGUR

Assessed Value$910,000

Land Value$305,000

Building Value$605,000

Annual Tax$15,467

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

ResFeb 2022Closed

Warners Stellian Co Inc

ExistresDec 2018Closed

Pronto Heating & Air Conditioning Inc

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

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,759/mo

Renter-occupied8.6%

Median home value$617K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1114

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth85 ft

Area~3,400 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 3,400 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4933 ALDRICH AVE S MINNEAPOLIS MN 55419	RITA LOUISE HENNESSEY	RESIDENTIAL	$803,500	50 ft
4941 ALDRICH AVE S MINNEAPOLIS MN 55419	ELIZABETH S SCHEURER	RESIDENTIAL	$620,800	50 ft
4929 ALDRICH AVE S MINNEAPOLIS MN 55419	MARSHA TRAVIS REV TR ET AL	RESIDENTIAL	$886,000	100 ft
4945 ALDRICH AVE S MINNEAPOLIS MN 55419	N LANGHURST & J L GROSHEK	RESIDENTIAL	$716,200	100 ft
4934 LYNDALE AVE S MINNEAPOLIS MN 55419	SPEES LIVING TRUST	RESIDENTIAL-TWO UNIT	$675,000	125 ft
4930 LYNDALE AVE S MINNEAPOLIS MN 55419	R L WUORNOS & J M WUORNOS	RESIDENTIAL-TWO UNIT	$665,200	134 ft
4938 LYNDALE AVE S MINNEAPOLIS MN 55419	ACCRA HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$697,500	135 ft
4925 ALDRICH AVE S MINNEAPOLIS MN 55419	T S SPRUTH FAM TR/F X DURKIN	RESIDENTIAL	$826,100	150 ft
4949 ALDRICH AVE S MINNEAPOLIS MN 55419	D S SWEAT & L J SWEAT	CONDOMINIUM	$513,000	150 ft
4951 ALDRICH AVE S MINNEAPOLIS MN 55419	P J ROTHSTEIN & O G SOTO	CONDOMINIUM	$453,000	150 ft

Property History

Most Recent Sale

Date201605

Price$649,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$15,467