2725 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 3302924410043

Property Overview

Parcel ID3302924410043

Lot Size4,815 sq ft (0.111 ac)

Lot Dimensions (est.)119 ft wide × 41 ft deep

Year Built1912

Property ClassRESIDENTIAL-TWO UNIT

OwnerCHARLES MINER

Assessed Value$416,200

Land Value$121,000

Building Value$295,200

Annual Tax$7,874

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $26K total declared value · Most recent: Oct 2024 (accessory)

AccessoryOct 2024Inspection

$1K

ARCHER EXTERIORS

MiscAug 2024Closed

$20K

Archcraft Exteriors LLC

MiscJun 2022Closed

$5K

ALEXANDER EXTERIORS

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 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width31 ft

Buildable depth77 ft

Area~2,405 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 2,405 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2721 ALDRICH AVE S MINNEAPOLIS MN 55408	BRIAN T BOCK	RESIDENTIAL-TWO UNIT	$435,900	40 ft
2729 ALDRICH AVE S MINNEAPOLIS MN 55408	ALDRICH CAPITAL LLC	APARTMENT	$862,000	46 ft
2717 ALDRICH AVE S MINNEAPOLIS MN 55408	BARNTOP LLC	RESIDENTIAL-TWO UNIT	$402,100	81 ft
2735 ALDRICH AVE S MINNEAPOLIS MN 55408	NORTHERN OAK INVESTMENTS	APARTMENT	$1,179,000	97 ft
2715 ALDRICH AVE S MINNEAPOLIS MN 55408	S M WALTERS & K A ANDERSON	RESIDENTIAL	$384,000	122 ft
2724 LYNDALE AVE S MINNEAPOLIS MN 55408	MINNESOTA OREO LLC	COMMERCIAL-NON PREFERRED	$1,151,500	130 ft
2741 ALDRICH AVE S MINNEAPOLIS MN 55408	JAMES A TAYLOR	TRIPLEX	$457,800	142 ft
2716 LYNDALE AVE S MINNEAPOLIS MN 55408	RAHIMI ORR PROPERTIES LLC	LAND-COMMERCIAL	$189,600	154 ft
2709 ALDRICH AVE S MINNEAPOLIS MN 55408	EVEREST HOLDINGS LLC	LOW INCOME RENTAL	$328,300	159 ft
2736 LYNDALE AVE S MINNEAPOLIS MN 55408	R T & B J SHERMAN	COMMERCIAL-PREFERRED	$1,054,000	162 ft

Property History

Most Recent Sale

Date202209

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,874