2745 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 3302924410074

Property Overview

Parcel ID3302924410074

Lot Size4,814 sq ft (0.111 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerKEVIN C LIN & VIKTORIA IZADI

Assessed Value$396,700

Land Value$121,000

Building Value$275,700

Annual Tax$5,967

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $19K total declared value · Most recent: Nov 2024 (misc)

MiscNov 2024Closed

$8K

American Roofing & Siding

ResApr 2022Closed

Metro Heating & Cooling LLC

MiscAug 2020Closed

$10K

THE HOME DEPOT

ResAug 2019Closed

Linn Star Transfer Inc

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~2,404 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 2,404 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
2747 ALDRICH AVE S MINNEAPOLIS MN 55408	ELMLODGE PROPERTIES LLC	TRIPLEX	$539,000	40 ft
2741 ALDRICH AVE S MINNEAPOLIS MN 55408	JAMES A TAYLOR	TRIPLEX	$457,800	41 ft
2735 ALDRICH AVE S MINNEAPOLIS MN 55408	NORTHERN OAK INVESTMENTS	APARTMENT	$1,179,000	86 ft
712 28TH ST W MINNEAPOLIS MN 55408	KYLE J LAMETTI	RESIDENTIAL-TWO UNIT	$455,200	105 ft
2753 ALDRICH AVE S MINNEAPOLIS MN 55408	ELMLODGE PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$390,900	106 ft
2744 LYNDALE AVE S MINNEAPOLIS MN 55408	SCOUT VENTURES LLC	COMMERCIAL-PREFERRED	$1,190,000	130 ft
2746 LYNDALE AVE S MINNEAPOLIS MN 55408	SCOUT VENTURES LLC	COMMERCIAL-PREFERRED	$473,000	136 ft
2740 LYNDALE AVE S MINNEAPOLIS MN 55408	QIANQIAN YU TRUST	APARTMENT	$656,000	137 ft
2729 ALDRICH AVE S MINNEAPOLIS MN 55408	ALDRICH CAPITAL LLC	APARTMENT	$862,000	137 ft
2736 LYNDALE AVE S MINNEAPOLIS MN 55408	R T & B J SHERMAN	COMMERCIAL-PREFERRED	$1,054,000	157 ft

Property History

Most Recent Sale

Date202407

Price$428,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,967