2415 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 1202924310047

Property Overview

Parcel ID1202924310047

Lot Size6,223 sq ft (0.143 ac)

Lot Dimensions (est.)124 ft wide × 50 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerMICHAEL T & KIMBERLY R LANGE

Assessed Value$381,000

Land Value$126,000

Building Value$255,000

Annual Tax$5,759

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · Most recent: Apr 2022 (existres)

ExistresApr 2022Closed

Metro Heating & Cooling LLC

ResJan 2019Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Windom Park · Minneapolis

Median reported rent1,259/mo

Renter-occupied70.2%

Median home value$289K

Vacancy rate11.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1019

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 width40 ft

Buildable depth84 ft

Area~3,378 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 3,378 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
2411 BUCHANAN ST N E MINNEAPOLIS MN 55418	MATTHEW LINDQUIST	RESIDENTIAL-TWO UNIT	$508,400	50 ft
2419 BUCHANAN ST N E MINNEAPOLIS MN 55418	STEWARD INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$564,500	50 ft
2421 BUCHANAN ST N E MINNEAPOLIS MN 55418	RYAN K & BRITTANY N ESAU	RESIDENTIAL	$431,100	99 ft
2407 BUCHANAN ST N E MINNEAPOLIS MN 55418	ARMAN VATANI-OSKOOI	TRIPLEX	$562,300	100 ft
2414 LINCOLN ST N E MINNEAPOLIS MN 55418	D E HANSEN & S M WILLIAMS	RESIDENTIAL-TWO UNIT	$431,700	138 ft
2416 LINCOLN ST N E MINNEAPOLIS MN 55418	RONALD BONDEN	RESIDENTIAL-TWO UNIT	$423,800	147 ft
2410 LINCOLN ST N E MINNEAPOLIS MN 55418	BRUCE STEVEN BLUMENTHAL	RESIDENTIAL-TWO UNIT	$384,100	147 ft
2401 BUCHANAN ST N E MINNEAPOLIS MN 55418	LYNN S HALL	RESIDENTIAL-TWO UNIT	$360,200	150 ft
1322 LOWRY AVE N E MINNEAPOLIS MN 55418	NICHOLAS GALLI & EVAN DOYLE	RESIDENTIAL-TWO UNIT	$359,900	167 ft
2406 LINCOLN ST N E MINNEAPOLIS MN 55418	BRADY MILLER	RESIDENTIAL-TWO UNIT	$404,500	170 ft

Property History

Most Recent Sale

Date200011

Price$92,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,759