3655 VAN BUREN ST N E MINNEAPOLIS MN 55418

PID: 0202924110024

Property Overview

Parcel ID0202924110024

Lot Size5,880 sq ft (0.135 ac)

Lot Dimensions (est.)84 ft wide × 70 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerTIMOTHY J SHIMA

Assessed Value$268,500

Land Value$77,000

Building Value$191,500

Annual Tax$3,842

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

No permits found in Minneapolis open data for this parcel.

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

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 width71 ft

Buildable depth30 ft

Area~2,505 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 2,505 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3651 VAN BUREN ST N E MINNEAPOLIS MN 55418	TIMOTHY C DANIELSON ET AL	RESIDENTIAL	$263,800	59 ft
910 37TH AVE N E MINNEAPOLIS MN 55421	AHMAD KIAN	RESIDENTIAL	$163,000	64 ft
3647 VAN BUREN ST N E MINNEAPOLIS MN 55418	SERGE J ICHKHANIAN ET AL	RESIDENTIAL	$277,400	98 ft
3643 VAN BUREN ST N E MINNEAPOLIS MN 55418	ROBERT P OESTERLIN ET AL	RESIDENTIAL	$276,500	137 ft
3656 CENTRAL AVE N E MINNEAPOLIS MN 55418	MORENO AUTO REPAIR INC ET AL	COMMERCIAL-PREFERRED	$357,000	156 ft
3650 CENTRAL AVE N E MINNEAPOLIS MN 55418	MORENO AUTO REPAIR INC ET AL	LAND-COMMERCIAL	$65,500	160 ft
3654 VAN BUREN ST N E MINNEAPOLIS MN 55418	CHRISTOPHER J HARRINGTON	RESIDENTIAL-TWO UNIT	$388,400	166 ft
3650 VAN BUREN ST N E MINNEAPOLIS MN 55418	K H NELSON & D P NELSON	RESIDENTIAL	$266,900	175 ft
3639 VAN BUREN ST N E MINNEAPOLIS MN 55418	CARYN A COOPMANS	RESIDENTIAL	$290,400	176 ft
3646 CENTRAL AVE N E MINNEAPOLIS MN 55418	MORENO AUTO REPAIR INC ET AL	LAND-COMMERCIAL	$65,500	179 ft

Property History

Most Recent Sale

Date201209

Price$120,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,842