3121 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 0102924310168

Property Overview

Parcel ID0102924310168

Lot Size6,258 sq ft (0.144 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1947

Property ClassRESIDENTIAL

OwnerBUCHANAN LLC

Assessed Value$388,100

Land Value$115,000

Building Value$273,100

Annual Tax$6,008

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $106K total declared value · Most recent: Feb 2026 (res)

ResFeb 2026Closed

Urban Pine Plumbing and Mechanical Inc

ExistresJun 2020Closed

CENTERPOINT ENERGY

MiscOct 2018Closed

$1K

FRANK GARDNER CONSTRUCTION LLC

AccessoryAug 2017Closed

$23K

CAROL BOURBEAU

ResJul 2017Expired

J Scott Plumbing 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 width40 ft

Buildable depth85 ft

Area~3,405 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 sfr / adu benchmarks for 3,405 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3115 BUCHANAN ST N E MINNEAPOLIS MN 55418	M C REEDER & M J REEDER	RESIDENTIAL	$417,200	50 ft
3125 BUCHANAN ST N E MINNEAPOLIS MN 55418	DAVID MCGRAW SCHUCHMAN ET AL	RESIDENTIAL-TWO UNIT	$554,500	50 ft
3111 BUCHANAN ST N E MINNEAPOLIS MN 55418	TED J MIKA & ISABELLE V MIKA	RESIDENTIAL	$285,000	95 ft
3131 BUCHANAN ST N E MINNEAPOLIS MN 55418	DALE SCHNEIDMILLER	RESIDENTIAL	$396,200	100 ft
3118 LINCOLN ST N E MINNEAPOLIS MN 55418	C SODERQUIST & J SODERQUIST	RESIDENTIAL	$332,000	140 ft
3122 LINCOLN ST N E MINNEAPOLIS MN 55418	JASON THOMAS	RESIDENTIAL	$332,900	141 ft
3114 LINCOLN ST N E MINNEAPOLIS MN 55418	TYLER T SAHNOW	RESIDENTIAL	$271,700	149 ft
3126 LINCOLN ST N E MINNEAPOLIS MN 55418	KRISTINA L BRADY	RESIDENTIAL	$309,300	154 ft
1401 ST ANTHONY PKWY MINNEAPOLIS MN 55418	MONICA M MCEVOY	RESIDENTIAL	$343,800	158 ft
1409 ST ANTHONY PKWY MINNEAPOLIS MN 55418	ELAINE M DUNLAP	RESIDENTIAL	$431,300	158 ft

Property History

Most Recent Sale

Date201712

Price$243,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,008