3001 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 0102924340037

Property Overview

Parcel ID0102924340037

Lot Size5,012 sq ft (0.115 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerNICHOLAS GAYLORD

Assessed Value$297,300

Land Value$108,000

Building Value$189,300

Annual Tax$4,324

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2012 · $60K total declared value · Most recent: Feb 2022 (res)

ResFeb 2022Closed

CenterPoint Energy Resource Corp

ResJul 2019Expired

Urban Pine Plumbing and Mechanical Inc

Building Re-inspectionJul 2012

$60K

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

Neighborhood Profile

Audubon 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth0 ft

Area~2,303 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,303 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3007 BUCHANAN ST N E MINNEAPOLIS MN 55418	KILEY M FRIEDRICH ET AL	RESIDENTIAL	$303,900	40 ft
3011 BUCHANAN ST N E MINNEAPOLIS MN 55418	DALE ALLAN MARKO	RESIDENTIAL	$220,000	80 ft
2959 BUCHANAN ST N E MINNEAPOLIS MN 55418	DELORES J HERMES	RESIDENTIAL	$281,500	100 ft
3015 BUCHANAN ST N E MINNEAPOLIS MN 55418	K E ARNTSON & J R JACKSON	RESIDENTIAL	$316,400	120 ft
3000 LINCOLN ST N E MINNEAPOLIS MN 55418	ANGELA KEMPEN	RESIDENTIAL	$358,800	139 ft
2955 BUCHANAN ST N E MINNEAPOLIS MN 55418	A DAMIANO & B DAMIANO	RESIDENTIAL	$315,700	139 ft
3006 LINCOLN ST N E MINNEAPOLIS MN 55418	K T SWEENEY & J M SWEENEY	RESIDENTIAL	$352,300	145 ft
3010 LINCOLN ST N E MINNEAPOLIS MN 55418	HEATHER DICKINSON	RESIDENTIAL	$239,700	161 ft
2958 LINCOLN ST N E MINNEAPOLIS MN 55418	S M WICHTERMAN/J BROWN	RESIDENTIAL	$356,600	170 ft
3023 BUCHANAN ST N E MINNEAPOLIS MN 55418	DAVID LEE JACKSON	RESIDENTIAL	$311,700	175 ft

Property History

Most Recent Sale

Date202309

Price$357,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,324