5012 ALDRICH AVE S MINNEAPOLIS MN 55419

PID: 1602824410049

Property Overview

Parcel ID1602824410049

Lot Size6,117 sq ft (0.140 ac)

Lot Dimensions (est.)129 ft wide × 47 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerMARY A O'BRIEN REVOC TRUST

Assessed Value$663,600

Land Value$302,000

Building Value$361,600

Annual Tax$10,806

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2014 · $56K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Inspection

FIRESIDE HEARTH AND HOME

ResJan 2019Closed

SODERLIN PLUMBING HEATING AND AIR

Building Re-inspectionMay 2014

$56K

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 width37 ft

Buildable depth90 ft

Area~3,331 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 3,331 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
5016 ALDRICH AVE S MINNEAPOLIS MN 55419	J O'KEEFE & A O'KEEFE	RESIDENTIAL	$593,000	47 ft
5008 ALDRICH AVE S MINNEAPOLIS MN 55419	STEPHEN ALPERS & JANE ALPERS	RESIDENTIAL	$583,500	47 ft
5006 ALDRICH AVE S MINNEAPOLIS MN 55419	A RAZDAN & V P MCDILL	RESIDENTIAL	$529,900	90 ft
5020 ALDRICH AVE S MINNEAPOLIS MN 55419	P D DAGGETT & S E ELLINGSTAD	RESIDENTIAL	$1,130,000	101 ft
809 50TH ST W MINNEAPOLIS MN 55419	ARBOR MALT SHOP PROP LLC	COMMERCIAL-PREFERRED	$610,000	140 ft
5000 ALDRICH AVE S MINNEAPOLIS MN 55419	T DALEBROUX & K DALEBROUX	RESIDENTIAL	$534,300	140 ft
5013 BRYANT AVE S MINNEAPOLIS MN 55419	SHARON M LANDERS TRUST ET AL	RESIDENTIAL-TWO UNIT	$755,300	142 ft
5021 BRYANT AVE S MINNEAPOLIS MN 55419	AMY HEINICHEN LISS	RESIDENTIAL	$734,000	147 ft
5007 BRYANT AVE S MINNEAPOLIS MN 55419	NICHOLAS WEIS/YVONNE POWLESS	RESIDENTIAL-TWO UNIT	$707,500	160 ft
5026 ALDRICH AVE S MINNEAPOLIS MN 55419	SAMUEL WOLFE & JENNA WOLFE	RESIDENTIAL	$877,900	161 ft

Property History

Most Recent Sale

Date199308

Price$167,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$10,806