2116 ALDRICH AVE S MINNEAPOLIS MN 55405

PID: 3302924110058

Property Overview

Parcel ID3302924110058

Lot Size6,457 sq ft (0.148 ac)

Lot Dimensions (est.)134 ft wide × 48 ft deep

Year Built1900

Property ClassAPARTMENT

OwnerDANIEL RICHARD LARSON

Assessed Value$567,000

Land Value$258,800

Building Value$308,200

Annual Tax$10,768

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

1 permit on record since 2019 · $500 total declared value · Most recent: Sep 2019 (misc)

MiscSep 2019Closed

$500

DANIEL R LARSON

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 width38 ft

Buildable depth95 ft

Area~3,591 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 3,591 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
2110 ALDRICH AVE S MINNEAPOLIS MN 55405	L MIDDLECAMP & D MIDDLECAMP	RESIDENTIAL	$746,000	49 ft
2120 ALDRICH AVE S MINNEAPOLIS MN 55405	2120 ALDRICH LLC	APARTMENT	$2,923,000	62 ft
2100 ALDRICH AVE S MINNEAPOLIS MN 55405	PUTNAM PROPERTIES LLC	APARTMENT	$2,275,000	132 ft
2117 BRYANT AVE S MINNEAPOLIS MN 55405	SPEES LIVING TRUST	TRIPLEX	$614,100	134 ft
2113 BRYANT AVE S MINNEAPOLIS MN 55405	BOLOVSKA LLC	RESIDENTIAL	$661,800	139 ft
2121 BRYANT AVE S MINNEAPOLIS MN 55405	PALADIN INVESTMENTS LLC	TRIPLEX	$558,300	141 ft
2109 BRYANT AVE S MINNEAPOLIS MN 55405	P J KARN & K H KARN	RESIDENTIAL	$677,300	154 ft
2123 BRYANT AVE S MINNEAPOLIS MN 55405	VIRAJITA SINGH/ARVIND SINGH	TRIPLEX	$418,200	158 ft
2105 BRYANT AVE S MINNEAPOLIS MN 55405	D H MONTGOMERY & R G MCLAIN	RESIDENTIAL	$652,800	178 ft
2115 ALDRICH AVE S MINNEAPOLIS MN 55405	K E E RUMICHO AND A P KNOLL	RESIDENTIAL	$584,600	189 ft

Property History

Most Recent Sale

Date201106

Price$125,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,768