5421 ALDRICH AVE S MINNEAPOLIS MN 55419

PID: 2102824110007

Property Overview

Parcel ID2102824110007

Lot Size4,995 sq ft (0.115 ac)

Lot Dimensions (est.)119 ft wide × 42 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerCHRISTOPHER KIM LU

Assessed Value$393,800

Land Value$178,000

Building Value$215,800

Annual Tax$5,918

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2019 · $13K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Inspection

Warners Stellian Co Inc

MiscOct 2024Closed

$8K

TRINITY EXTERIORS INC

MiscJun 2024Closed

$6K

TRINITY EXTERIORS INC

ExistresJan 2024Expired

CENTERPOINT ENERGY

ResSep 2023Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Kenny · 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 width32 ft

Buildable depth79 ft

Area~2,524 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 2,524 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5425 ALDRICH AVE S MINNEAPOLIS MN 55419	ETHAN BRYAN MEYERS	RESIDENTIAL	$413,700	42 ft
5417 ALDRICH AVE S MINNEAPOLIS MN 55419	ALDRICH AVENUE SOUTH LLC	RESIDENTIAL	$421,600	42 ft
5415 ALDRICH AVE S MINNEAPOLIS MN 55419	B COTTER/B COTTER	RESIDENTIAL	$481,300	84 ft
5429 ALDRICH AVE S MINNEAPOLIS MN 55419	STEVEN STERNER	RESIDENTIAL	$377,300	84 ft
5409 ALDRICH AVE S MINNEAPOLIS MN 55419	D BERGACKER & D BERGACKER	RESIDENTIAL	$439,900	126 ft
5433 ALDRICH AVE S MINNEAPOLIS MN 55419	G P & E L SCHWOBODA	RESIDENTIAL	$425,400	126 ft
5428 LYNDALE AVE S MINNEAPOLIS MN 55419	RALPH KARUBIAN TRUST	COMMERCIAL-PREFERRED	$3,031,500	142 ft
5405 ALDRICH AVE S MINNEAPOLIS MN 55419	JENNIFER L MOHRLAND	RESIDENTIAL	$370,200	168 ft
5420 ALDRICH AVE S MINNEAPOLIS MN 55419	M HARTRY & P WILHELM	RESIDENTIAL	$423,100	183 ft
5416 ALDRICH AVE S MINNEAPOLIS MN 55419	D F MORIARTY & M E MORIARTY	RESIDENTIAL	$504,200	188 ft

Property History

Most Recent Sale

Date202007

Price$333,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,918