2505 Aldrich Avenue S, Minneapolis, MN 55405 - MLS# 7120815
$199,900
This is an excellent development opportunity to acquire and build on a lot in a prime Uptown location! The property is zoned as BFI3 (Interior 3 Built Form Overlay District) and UN2 (Urban Neighborhood District). You have the option to construct a multi-family building with 2 or 3 units on this lot!
Lot & Utilities
Financial & Tax Information
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 10% of occupied homes are owner-occupied, and the average commute is 19 minutes.
Cost of Ownership
Median home value
$442,200
Higher than the Minneapolis median
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$6,054/yr
Higher than the Minneapolis median
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$4,001/mo
Higher than the Minneapolis median
Median monthly housing costs for owners with a mortgage.
Median rent
$1,250/mo
Lower than the Minneapolis median
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
10%
Lower than Minneapolis overall
The share of occupied homes lived in by their owners.
Median year built
1938
Similar to the Minneapolis median
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 1980-19899%
- 1970-197910%
- 1960-19697%
- 1950-195912%
- 1939 or earlier54%
Types of homes
The share of housing units in each building type.
- 2-4 units23%
- 5+ units71%
Getting Around
Average commute
19 min
Lower than the Minneapolis median
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone52%
- Public transit13%
- Walk or bike8%
- Work from home24%
Homes with broadband
96%
Higher than Minneapolis overall
The share of households with a broadband internet subscription.
