5041 ALDRICH AVE S MINNEAPOLIS MN 55419

PID: 1602824410079

Property Overview

Parcel ID1602824410079

Lot Size6,697 sq ft (0.154 ac)

Lot Dimensions (est.)134 ft wide × 50 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerSASS LOCKHART TRUST

Assessed Value$974,200

Land Value$312,000

Building Value$662,200

Annual Tax$16,682

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $66K total declared value · Most recent: Oct 2025 (addition)

AdditionOct 2025Final Inspection

$500

Seans Renovation INC

ExistresSep 2022Closed

Marsh Heating & Air Conditioning Co Inc

ResDec 2018Closed

Warners Stellian Co Inc

ExistresOct 2018Closed

TEAM MECHANICAL INC

ResOct 2018Closed

B and B Plumbing 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth94 ft

Area~3,756 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 sfr / adu benchmarks for 3,756 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5045 ALDRICH AVE S MINNEAPOLIS MN 55419	A HIRSCH & E HIRSCH	RESIDENTIAL	$679,000	50 ft
5035 ALDRICH AVE S MINNEAPOLIS MN 55419	GRANT BUNTJE/SUSAN M BUNTJE	RESIDENTIAL	$820,300	50 ft
5049 ALDRICH AVE S MINNEAPOLIS MN 55419	CAROL FISHMAN SIEGEL	RESIDENTIAL	$854,200	100 ft
5029 ALDRICH AVE S MINNEAPOLIS MN 55419	S L PUCKETT & W E PUCKETT	RESIDENTIAL	$713,400	100 ft
5036 LYNDALE AVE S MINNEAPOLIS MN 55419	BREANNA R LOVING	RESIDENTIAL	$526,700	125 ft
5032 LYNDALE AVE S MINNEAPOLIS MN 55419	PETER HOLM & JESSICA HOLM	RESIDENTIAL	$477,400	131 ft
5042 LYNDALE AVE S MINNEAPOLIS MN 55419	ALEXANDRA W EARL	RESIDENTIAL	$449,000	139 ft
5025 ALDRICH AVE S MINNEAPOLIS MN 55419	JAMIE PATTERSON	RESIDENTIAL	$626,800	150 ft
5028 LYNDALE AVE S MINNEAPOLIS MN 55419	S CHARLES SORENSON JR	RESIDENTIAL	$632,900	154 ft
5051 ALDRICH AVE S MINNEAPOLIS MN 55419	T J BASTING JR & R D ARONS	RESIDENTIAL	$946,000	155 ft

Property History

Most Recent Sale

Date199504

Price$265,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$16,682