2205 ALDRICH AVE S MINNEAPOLIS MN 55405

PID: 3302924110144

Property Overview

Parcel ID3302924110144

Lot Size7,222 sq ft (0.166 ac)

Lot Dimensions (est.)124 ft wide × 58 ft deep

Year Built1902

Property ClassRESIDENTIAL-TWO UNIT

OwnerWILLIAM CASEY MCGRATH

Assessed Value$548,000

Land Value$156,000

Building Value$392,000

Annual Tax$10,407

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2004 · $166K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Expired

$30K

GILBERT RIEHM JR CONSTRUCTION

ExistresJul 2021Closed

Patton Heating And Air Conditioning Inc

Building Re-inspectionApr 2004

$136K

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 width48 ft

Buildable depth85 ft

Area~4,055 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 4,055 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2209 ALDRICH AVE S MINNEAPOLIS MN 55405	ZANZIBAR FINANCING INC	RESIDENTIAL	$586,700	58 ft
2201 ALDRICH AVE S MINNEAPOLIS MN 55405	2201 ALDRICH AVE SOUTH LLC	APARTMENT	$1,084,000	58 ft
2213 ALDRICH AVE S MINNEAPOLIS MN 55405	MATTHEW J BOYS	APARTMENT	$502,000	116 ft
2200 LYNDALE AVE S MINNEAPOLIS MN 55405	REALTY INCOME PROPS 3 LLC	COMMERCIAL-PREFERRED	$1,259,000	124 ft
2217 ALDRICH AVE S MINNEAPOLIS MN 55405	MATTHEW J BOYS	TRIPLEX	$598,900	174 ft
2123 ALDRICH AVE S MINNEAPOLIS MN 55405	D FEDDERSEN-POINDEXTER ETAL	TRIPLEX	$513,600	174 ft
2220 LYNDALE AVE S MINNEAPOLIS MN 55405	BABA'S LYNDALE LLC	COMMERCIAL-PREFERRED	$1,475,000	188 ft
2204 ALDRICH AVE S MINNEAPOLIS MN 55405	H E D NICI & A P NICI	RESIDENTIAL-TWO UNIT	$605,200	189 ft
2200 ALDRICH AVE S MINNEAPOLIS MN 55405	REARDON PROPERTIES II LLC	APARTMENT	$585,000	196 ft
2212 ALDRICH AVE S MINNEAPOLIS MN 55405	RUTHANNE NICHOLE SCHMITT	CONDOMINIUM	$104,000	211 ft

Property History

Most Recent Sale

Date201901

Price$525,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,407