2111 ALDRICH AVE S MINNEAPOLIS MN 55405

PID: 3302924110030

Property Overview

Parcel ID3302924110030

Lot Size6,228 sq ft (0.143 ac)

Lot Dimensions (est.)124 ft wide × 50 ft deep

Year Built1903

Property ClassRESIDENTIAL

OwnerSARALYN ANN ROMANISHAN

Assessed Value$333,200

Land Value$148,000

Building Value$185,200

Annual Tax$4,925

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2024 · $23K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$23K

LIBERTE CONSTRUCTION LLC

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

Neighborhood Profile

Lowry Hill East · Minneapolis

Median reported rent1,194/mo

Renter-occupied84.0%

Median home value$388K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1067

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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~3,381 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 3,381 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2115 ALDRICH AVE S MINNEAPOLIS MN 55405	K E E RUMICHO AND A P KNOLL	RESIDENTIAL	$584,600	46 ft
2109 ALDRICH AVE S MINNEAPOLIS MN 55405	KLP REAL ESTATE LLC	TRIPLEX	$940,900	47 ft
2119 ALDRICH AVE S MINNEAPOLIS MN 55405	D FEDDERSEN-POINDEXTER ET AL	TRIPLEX	$405,000	87 ft
2105 ALDRICH AVE S MINNEAPOLIS MN 55405	MELISSA HUYNH REVOCABLE TR	RESIDENTIAL	$430,700	92 ft
2110 LYNDALE AVE S MINNEAPOLIS MN 55405	LEVAN LLC	COMMERCIAL-PREFERRED	$1,260,000	124 ft
2123 ALDRICH AVE S MINNEAPOLIS MN 55405	D FEDDERSEN-POINDEXTER ETAL	TRIPLEX	$513,600	129 ft
2019 ALDRICH AVE S MINNEAPOLIS MN 55405	EVAN LIEBERMAN	RESIDENTIAL	$584,400	137 ft
2100 LYNDALE AVE S MINNEAPOLIS MN 55405	LEVAN LLC	COMMERCIAL-PREFERRED	$1,960,000	149 ft
2116 LYNDALE AVE S MINNEAPOLIS MN 55405	LEVAN LLC	APARTMENT	$1,872,000	154 ft
2017 ALDRICH AVE S MINNEAPOLIS MN 55405	T T LOWERY & A C LOWERY	RESIDENTIAL-TWO UNIT	$456,800	179 ft

Property History

Current Tax Year

Year2026

Tax Due$4,925