2408 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 1202924310055

Property Overview

Parcel ID1202924310055

Lot Size5,229 sq ft (0.120 ac)

Lot Dimensions (est.)124 ft wide × 42 ft deep

Year Built1952

Property ClassRESIDENTIAL-TWO UNIT

OwnerADAM M ROACH

Assessed Value$359,700

Land Value$116,000

Building Value$243,700

Annual Tax$5,369

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · Most recent: Jun 2023 (res)

ResJun 2023Closed

Erik Nelson Plumbing LLC

ResAug 2021Closed

Lindman Plumbing Co

ResJan 2019Closed

CenterPoint Energy Resource Corp

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

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

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 width32 ft

Buildable depth85 ft

Area~2,703 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 2,703 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2406 BUCHANAN ST N E MINNEAPOLIS MN 55418	COLIN JOHN SILVER	RESIDENTIAL	$401,800	46 ft
2414 BUCHANAN ST N E MINNEAPOLIS MN 55418	H SIASOCO/A W R SIASOCO III	RESIDENTIAL	$365,100	50 ft
2400 BUCHANAN ST N E MINNEAPOLIS MN 55418	RAYMOND A FREELS	RESIDENTIAL	$286,500	96 ft
1318 LOWRY AVE N E MINNEAPOLIS MN 55418	CHRISTOPHER BORGERDING	RESIDENTIAL	$260,000	128 ft
1314 LOWRY AVE N E MINNEAPOLIS MN 55418	AVALON D MORTEK	RESIDENTIAL	$261,200	134 ft
1322 LOWRY AVE N E MINNEAPOLIS MN 55418	NICHOLAS GALLI & EVAN DOYLE	RESIDENTIAL-TWO UNIT	$359,900	135 ft
2409 PIERCE ST N E MINNEAPOLIS MN 55418	BENJAMIN D KERN	RESIDENTIAL-TWO UNIT	$293,600	138 ft
2322 BUCHANAN ST N E MINNEAPOLIS MN 55418	D E HANSEN & S M WILLIAMS	RESIDENTIAL-TWO UNIT	$383,500	146 ft
2405 PIERCE ST N E MINNEAPOLIS MN 55418	DANIAL A MULARONI	TRIPLEX	$545,100	146 ft
2415 PIERCE ST N E MINNEAPOLIS MN 55418	CHRISTOPHER P MITCHUM	RESIDENTIAL	$346,300	148 ft

Property History

Most Recent Sale

Date201201

Price$149,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,369