2532 ALDRICH AVE S MINNEAPOLIS MN 55405

PID: 3302924140159

Property Overview

Parcel ID3302924140159

Lot Size5,157 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1899

Property ClassRESIDENTIAL

OwnerCATHERINE BRITT/RACHEL USHER

Assessed Value$471,900

Land Value$144,000

Building Value$327,900

Annual Tax$7,248

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2021 · $140K total declared value · Most recent: Jun 2025 (existres)

ExistresJun 2025Closed

Sayler Heating & Air Conditioning Inc

MiscSep 2024Inspection

$27K

TWIN CITIES SIDING PROFESSIONALS

MiscSep 2023Closed

$11K

Verde Restorations

RemodelJan 2023Closed

$29K

CORE DESIGN BUILD LLP

ResJan 2023Closed

Right Way Plumbing 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 width30 ft

Buildable depth89 ft

Area~2,667 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 2,667 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2528 ALDRICH AVE S MINNEAPOLIS MN 55405	ROBERT G HOVLAND TRST	RESIDENTIAL-TWO UNIT	$366,700	40 ft
2536 ALDRICH AVE S MINNEAPOLIS MN 55405	GABRIEL ISAIAH SCHWARTZMAN	RESIDENTIAL	$372,700	40 ft
2524 ALDRICH AVE S MINNEAPOLIS MN 55405	RYAN J SHOOK	RESIDENTIAL-TWO UNIT	$593,700	80 ft
2540 ALDRICH AVE S MINNEAPOLIS MN 55405	E G LEE & D ROEDIGER	TRIPLEX	$621,200	80 ft
2520 ALDRICH AVE S MINNEAPOLIS MN 55405	JAMES E SKULDT	APARTMENT	$538,000	120 ft
2544 ALDRICH AVE S MINNEAPOLIS MN 55405	CHARLES KENNELLY/GRACE GRETZ	APARTMENT	$637,000	126 ft
2533 BRYANT AVE S MINNEAPOLIS MN 55405	TRISTAN T SATHER/SARA SATHER	RESIDENTIAL	$489,200	141 ft
2537 BRYANT AVE S MINNEAPOLIS MN 55405	BRYANT 2018 LLC	RESIDENTIAL	$461,000	146 ft
2529 BRYANT AVE S MINNEAPOLIS MN 55405	SHANE A ARUNDEL	TRIPLEX	$445,600	146 ft
2518 ALDRICH AVE S MINNEAPOLIS MN 55405	R K DALE & S B DALE	RESIDENTIAL	$293,000	160 ft

Property History

Most Recent Sale

Date201505

Price$379,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,248