2655 ALDRICH AVE S MINNEAPOLIS MN 55408

PID: 3302924410182

Property Overview

Parcel ID3302924410182

Lot Size4,755 sq ft (0.109 ac)

Lot Dimensions (est.)119 ft wide × 40 ft deep

Year Built1890

Property ClassAPARTMENT

OwnerDAN MUTIMER

Assessed Value$372,000

Land Value$35,600

Building Value$57,400

Annual Tax$6,217

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Potentially 4d-Eligible PropertyMedium

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.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width30 ft

Buildable depth79 ft

Area~2,365 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 2,365 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2657 ALDRICH AVE S MINNEAPOLIS MN 55408	ROSEMARY MILLER MARTIN	RESIDENTIAL	$254,000	40 ft
2649 ALDRICH AVE S MINNEAPOLIS MN 55408	ROBERT ROBSON & JULIE MURPHY	RESIDENTIAL	$411,400	40 ft
2645 ALDRICH AVE S MINNEAPOLIS MN 55408	ANDREW D HANSON	RESIDENTIAL	$429,000	80 ft
2639 ALDRICH AVE S MINNEAPOLIS MN 55408	C J KLEIN & M M RINKEL	CONDOMINIUM	$175,000	130 ft
2639 ALDRICH AVE S MINNEAPOLIS MN 55408	DANIEL E STAR	CONDOMINIUM	$178,000	130 ft
2639 ALDRICH AVE S MINNEAPOLIS MN 55408	ROISIN LYONS CARPENTER	CONDOMINIUM	$196,000	130 ft
2639 ALDRICH AVE S MINNEAPOLIS MN 55408	ARTHUR PAULSON	CONDOMINIUM	$188,000	130 ft
MN	Unknown	—	—	130 ft
2638 LYNDALE AVE S MINNEAPOLIS MN 55408	VERAISON PROPERTIES LLC	COMMERCIAL-PREFERRED	$2,980,000	132 ft
715 27TH ST W MINNEAPOLIS MN 55408	KELLY A BERKE	RESIDENTIAL-ZERO LOT LINE	$253,800	148 ft

Property History

Most Recent Sale

Date200103

Price$70,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,217