2518 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 1202924240153

Property Overview

Parcel ID1202924240153

Lot Size9,143 sq ft (0.210 ac)

Lot Dimensions (est.)124 ft wide × 74 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerK LERDGIDKJON/P LERDGIDKJON

Assessed Value$329,400

Land Value$144,000

Building Value$185,400

Annual Tax$5,099

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2009 · $64K total declared value · Most recent: Feb 2022 (res)

ResFeb 2022Closed

CenterPoint Energy Resource Corp

MiscNov 2019Closed

$4K

WINDOW WORLD

ExistresJul 2018Closed

Perfection Heating and Air Conditioning Inc

Building Re-inspectionOct 2009

$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 rent1,414/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

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 width64 ft

Buildable depth84 ft

Area~5,352 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 5,352 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2524 BUCHANAN ST N E MINNEAPOLIS MN 55418	CORVIN BOLL	RESIDENTIAL	$262,800	55 ft
2514 BUCHANAN ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	55 ft
2526 BUCHANAN ST N E MINNEAPOLIS MN 55418	LAUREL ANDERSON	RESIDENTIAL	$337,300	92 ft
2512 BUCHANAN ST N E MINNEAPOLIS MN 55418	PEDRO DIAZ MONDRAGON	RESIDENTIAL-TWO UNIT	$318,400	92 ft
2530 BUCHANAN ST N E MINNEAPOLIS MN 55418	J BATES & J T BATES	RESIDENTIAL	$397,700	129 ft
2508 BUCHANAN ST N E MINNEAPOLIS MN 55418	MATTHEW P BRESNAHAN	RESIDENTIAL-TWO UNIT	$495,400	129 ft
2519 PIERCE ST N E MINNEAPOLIS MN 55418	N PETERSON & K LINDEMAN	RESIDENTIAL	$328,200	139 ft
2521 PIERCE ST N E MINNEAPOLIS MN 55418	KEVIN J HAUBRICH	RESIDENTIAL	$309,700	139 ft
2525 PIERCE ST N E MINNEAPOLIS MN 55418	CAROLINE A CASEY	RESIDENTIAL	$363,200	148 ft
2513 PIERCE ST N E MINNEAPOLIS MN 55418	RILEY BUCK/VERONICA CRANSON	RESIDENTIAL-TWO UNIT	$431,300	157 ft

Property History

Most Recent Sale

Date201906

Price$285,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,099