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.
7 permits on record since 2019 · $225K total declared value · Most recent: Aug 2023 (commercial minor)
Mike's Custom Mechanical Inc
ALL ELEMENTS INC
MESPO HEATING AND COOLING INC
MESPO HEATING AND COOLING INC
MESPO HEATING AND COOLING INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Lowry Hill East · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1067
Zip code 55405
Source: Redfin Data Center (Invalid Date) · Zip 55405
Urban Neighborhood 2 — moderate-density residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,367 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2533 ALDRICH AVE S MINNEAPOLIS MN 55405 | DALE VERNON | RESIDENTIAL-TWO UNIT | $473,300 | 40 ft |
| 2541 ALDRICH AVE S MINNEAPOLIS MN 55405 | LUHA VENTURES LLC | RESIDENTIAL-TWO UNIT | $328,700 | 40 ft |
| 2529 ALDRICH AVE S MINNEAPOLIS MN 55405 | RAUHAT LLC | RESIDENTIAL-TWO UNIT | $452,000 | 80 ft |
| 2545 ALDRICH AVE S MINNEAPOLIS MN 55405 | CARL J ERICKSON REV LIV TRU | RESIDENTIAL-TWO UNIT | $427,400 | 80 ft |
| 2549 ALDRICH AVE S MINNEAPOLIS MN 55405 | 2549 ALDRICH AVE LLC | RESIDENTIAL-TWO UNIT | $541,900 | 119 ft |
| 2525 ALDRICH AVE S MINNEAPOLIS MN 55405 | RAJ MAITRA | RESIDENTIAL | $301,200 | 120 ft |
| 2544 LYNDALE AVE S MINNEAPOLIS MN 55405 | MKMG PROPERTIES LLC | COMMERCIAL-PREFERRED | $725,000 | 143 ft |
| 2536 LYNDALE AVE S MINNEAPOLIS MN 55405 | IRVING PROPERTIES INC | APARTMENT | $2,365,000 | 144 ft |
| 2553 ALDRICH AVE S MINNEAPOLIS MN 55405 | KAREIM BAKHSH | RESIDENTIAL-TWO UNIT | $377,400 | 156 ft |
| 2521 ALDRICH AVE S MINNEAPOLIS MN 55405 | J N-ANDERSON & W N-ANDERSON | RESIDENTIAL | $362,000 | 160 ft |
Most Recent Sale
Current Tax Year