3439 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 0102924240050

Property Overview

Parcel ID0102924240050

Lot Size4,992 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1957

Property ClassRESIDENTIAL

OwnerMARY HENRY & MARTIN LOHMAN

Assessed Value$364,500

Land Value$104,000

Building Value$260,500

Annual Tax$5,450

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $6K total declared value · Most recent: Oct 2024 (res)

ResOct 2024Closed

Hero Home Services LLC

ExistresJul 2022Closed

Advanced Heating & Air Conditioning LLC

ExistresMar 2022Closed

Standard Heating and Air Conditioning Inc

MiscSep 2019Closed

$6K

STANDARD WATER CONTROL SYSTEMS INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Waite Park · Minneapolis

Median reported rent1,527/mo

Renter-occupied21.2%

Median home value$288K

Vacancy rate3.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 6.01

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth85 ft

Area~2,543 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 sfr / adu benchmarks for 2,543 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3443 BUCHANAN ST N E MINNEAPOLIS MN 55418	RICHARD D BEAR	RESIDENTIAL-TWO UNIT	$297,600	40 ft
3435 BUCHANAN ST N E MINNEAPOLIS MN 55418	M PEARSON & E CARLING	RESIDENTIAL	$382,100	45 ft
3447 BUCHANAN ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	80 ft
3429 BUCHANAN ST N E MINNEAPOLIS MN 55418	M E HENRIKSON & C AMENT	RESIDENTIAL	$327,600	95 ft
3451 BUCHANAN ST N E MINNEAPOLIS MN 55418	JACOB C & JESSICA J WILLSON	RESIDENTIAL	$341,400	130 ft
3438 LINCOLN ST N E MINNEAPOLIS MN 55418	DANIEL CONTIN	RESIDENTIAL	$278,800	139 ft
3434 LINCOLN ST N E MINNEAPOLIS MN 55418	GLORIA J KOZLOVSKI	RESIDENTIAL	$235,000	144 ft
3442 LINCOLN ST N E MINNEAPOLIS MN 55418	CHARLES M HOCHBRUNN	RESIDENTIAL	$259,000	148 ft
3423 BUCHANAN ST N E MINNEAPOLIS MN 55418	KAITRYN J JACOBS	RESIDENTIAL	$300,300	150 ft
3430 LINCOLN ST N E MINNEAPOLIS MN 55418	TAYLER L BENGSTON	RESIDENTIAL	$286,100	159 ft

Property History

Most Recent Sale

Date202312

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,450