3643 VAN BUREN ST N E MINNEAPOLIS MN 55418

PID: 0202924110020

Property Overview

Parcel ID0202924110020

Lot Size5,166 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1907

Property ClassRESIDENTIAL

OwnerROBERT P OESTERLIN ET AL

Assessed Value$276,500

Land Value$92,000

Building Value$184,500

Annual Tax$3,976

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

5 permits on record since 2017 · $11K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Expired

Minnesota Rusco Inc

RemodelJan 2024Expired

$8K

Minnesota Rusco Inc

ExistresOct 2017Closed

CENTERPOINT ENERGY

MiscOct 2017Closed

$3K

Safe Basements of MN

ExistresMar 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Columbia 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

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 depth89 ft

Area~2,673 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 2,673 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3639 VAN BUREN ST N E MINNEAPOLIS MN 55418	CARYN A COOPMANS	RESIDENTIAL	$290,400	40 ft
3647 VAN BUREN ST N E MINNEAPOLIS MN 55418	SERGE J ICHKHANIAN ET AL	RESIDENTIAL	$277,400	40 ft
3651 VAN BUREN ST N E MINNEAPOLIS MN 55418	TIMOTHY C DANIELSON ET AL	RESIDENTIAL	$263,800	80 ft
3635 VAN BUREN ST N E MINNEAPOLIS MN 55418	DIANNA K ERICKSON	RESIDENTIAL	$277,300	80 ft
3631 VAN BUREN ST N E MINNEAPOLIS MN 55418	RUSTY ROSE-DIXON	RESIDENTIAL	$280,300	120 ft
3638 CENTRAL AVE N E MINNEAPOLIS MN 55418	MULATA ASSOCIATE LLC	COMMERCIAL-PREFERRED	$715,000	133 ft
3655 VAN BUREN ST N E MINNEAPOLIS MN 55418	TIMOTHY J SHIMA	RESIDENTIAL	$268,500	137 ft
3646 CENTRAL AVE N E MINNEAPOLIS MN 55418	MORENO AUTO REPAIR INC ET AL	LAND-COMMERCIAL	$65,500	140 ft
910 37TH AVE N E MINNEAPOLIS MN 55421	AHMAD KIAN	RESIDENTIAL	$163,000	142 ft
3634 CENTRAL AVE N E MINNEAPOLIS MN 55418	MULATA ASSOCIATE LLC	COMMERCIAL-PREFERRED	$450,000	144 ft

Property History

Most Recent Sale

Date201210

Price$142,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,976