2515 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 1202924240203

Property Overview

Parcel ID1202924240203

Lot Size5,858 sq ft (0.134 ac)

Lot Dimensions (est.)125 ft wide × 47 ft deep

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerROBERT S LOKEN

Assessed Value$410,700

Land Value$120,000

Building Value$290,700

Annual Tax$7,800

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · Most recent: Jan 2025 (res)

ResJan 2025Closed

Hero Home Services LLC

ResDec 2021Closed

Warners Stellian Co Inc

ResSep 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

ResOct 2017Closed

Warners Stellian Co Inc

ResMar 2017Closed

ROTO-ROOTER SERVICES CO

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width37 ft

Buildable depth85 ft

Area~3,131 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 3-story wood frame (5–12 units) benchmarks for 3,131 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2511 BUCHANAN ST N E MINNEAPOLIS MN 55418	C WEGMANN & M THRASHER	RESIDENTIAL	$374,500	49 ft
2519 BUCHANAN ST N E MINNEAPOLIS MN 55418	A J MEIDL & J A MEIDL	RESIDENTIAL	$321,900	49 ft
2523 BUCHANAN ST N E MINNEAPOLIS MN 55418	MARTHA MAENDEL	RESIDENTIAL	$342,600	101 ft
2501 BUCHANAN ST N E MINNEAPOLIS MN 55418	COLIN B SIM	RESIDENTIAL	$311,000	113 ft
2514 LINCOLN ST N E MINNEAPOLIS MN 55418	NELS PETER HAUGEN III	APARTMENT	$476,000	138 ft
2516 LINCOLN ST N E MINNEAPOLIS MN 55418	ANDREW M GLOCKNER	RESIDENTIAL-TWO UNIT	$470,100	147 ft
2529 BUCHANAN ST N E MINNEAPOLIS MN 55418	JESSICA YONKE/ADAM SLAVENS	RESIDENTIAL	$405,700	156 ft
2502 LINCOLN ST N E MINNEAPOLIS MN 55418	J A GRANSE & R M GRANSE	RESIDENTIAL	$377,800	166 ft
2522 LINCOLN ST N E MINNEAPOLIS MN 55418	MANUEL C PALCHIZACA PINQUIL	RESIDENTIAL-TWO UNIT	$345,100	167 ft
2526 LINCOLN ST N E MINNEAPOLIS MN 55418	STEVEN ROBBINS	RESIDENTIAL	$258,100	189 ft

Property History

Most Recent Sale

Date200504

Price$300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,800