2600 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 1202924240040

Property Overview

Parcel ID1202924240040

Lot Size4,993 sq ft (0.115 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1952

Property ClassRESIDENTIAL

OwnerMITCHEL KEMPENICH

Assessed Value$299,500

Land Value$114,000

Building Value$185,500

Annual Tax$4,631

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2022 · Most recent: Jan 2024 (res)

ResJan 2024Closed

Suburban Plumbing

ResFeb 2022Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Minneapolis

Median reported rent1,414/mo

Renter-occupied47.2%

Median home value$288K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 11

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 width111 ft

Buildable depth0 ft

Area~2,290 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 2,290 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
2606 BUCHANAN ST N E MINNEAPOLIS MN 55418	VICTOR MOONEY/KRISTEN DAVIS	RESIDENTIAL	$302,900	40 ft
2610 BUCHANAN ST N E MINNEAPOLIS MN 55418	KRISTINA HAYEK	RESIDENTIAL	$318,400	80 ft
2614 BUCHANAN ST N E MINNEAPOLIS MN 55418	GORBOW LLC	RESIDENTIAL-TWO UNIT	$268,300	117 ft
1316 26TH AVE N E MINNEAPOLIS MN 55418	KARL W JORGENSON	APARTMENT	$576,000	119 ft
2601 PIERCE ST N E MINNEAPOLIS MN 55418	S BEN-HAIM & K BEN-HAIM	RESIDENTIAL	$448,400	140 ft
2605 PIERCE ST N E MINNEAPOLIS MN 55418	D N WIESSNER & E M WIESSNER	RESIDENTIAL	$335,300	145 ft
1310 26TH AVE N E MINNEAPOLIS MN 55418	HATSOOK PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$295,000	147 ft
2616 BUCHANAN ST N E MINNEAPOLIS MN 55418	GARY E PETERSON	RESIDENTIAL	$221,800	152 ft
1401 26TH AVE N E MINNEAPOLIS MN 55418	WILLIAM TOLLE-RODRIGUES ETAL	RESIDENTIAL	$250,200	156 ft
2609 PIERCE ST N E MINNEAPOLIS MN 55418	R GEORGE TICH/R MICHAEL TICH	RESIDENTIAL	$270,000	161 ft

Property History

Most Recent Sale

Date201508

Price$150,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,631