2314 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 1202924310060

Property Overview

Parcel ID1202924310060

Lot Size6,227 sq ft (0.143 ac)

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

Year Built1901

Property ClassRESIDENTIAL

OwnerZ A MEIERHOFER & G WAYLAND

Assessed Value$285,700

Land Value$126,000

Building Value$159,700

Annual Tax$4,423

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $2K total declared value · Most recent: May 2022 (remodel)

RemodelMay 2022Closed

$2K

Lake Country Home Improvements LLC

ExistresMar 2021Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

ResFeb 2021Closed

Rightmark LLC

ResJul 2020Closed

CenterPoint Energy Resource Corp

ResApr 2020Closed

DEN-MARK PLUMBING INC

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

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 width40 ft

Buildable depth85 ft

Area~3,381 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 3,381 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2318 BUCHANAN ST N E MINNEAPOLIS MN 55418	RESOLUTION HOME BUYERS LLC	RESIDENTIAL	$295,000	50 ft
2310 BUCHANAN ST N E MINNEAPOLIS MN 55418	KIM MARIE SCHAFFER	RESIDENTIAL	$265,100	50 ft
2322 BUCHANAN ST N E MINNEAPOLIS MN 55418	D E HANSEN & S M WILLIAMS	RESIDENTIAL-TWO UNIT	$383,500	100 ft
2302 BUCHANAN ST N E MINNEAPOLIS MN 55418	PATRICIA ANN MILLER	RESIDENTIAL-TWO UNIT	$417,800	124 ft
2315 PIERCE ST N E MINNEAPOLIS MN 55418	K TYBORSKI & K TYBORSKI	RESIDENTIAL	$450,200	138 ft
2311 PIERCE ST N E MINNEAPOLIS MN 55418	DAVID G SMITH	RESIDENTIAL	$385,200	147 ft
2319 PIERCE ST N E MINNEAPOLIS MN 55418	W T & M M O'MEARA ET AL	RESIDENTIAL	$305,200	147 ft
2400 BUCHANAN ST N E MINNEAPOLIS MN 55418	RAYMOND A FREELS	RESIDENTIAL	$286,500	150 ft
2323 PIERCE ST N E MINNEAPOLIS MN 55418	SEAN RYAN GREEN	RESIDENTIAL-TWO UNIT	$378,800	170 ft
2307 PIERCE ST N E MINNEAPOLIS MN 55418	RAINER A ISLE	RESIDENTIAL	$319,600	171 ft

Property History

Most Recent Sale

Date202012

Price$224,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,423