2201 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 1202924310134

Property Overview

Parcel ID1202924310134

Lot Size5,462 sq ft (0.125 ac)

Lot Dimensions (est.)125 ft wide × 44 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerA D MCMILLAN & E L MCMILLAN

Assessed Value$405,200

Land Value$119,000

Building Value$286,200

Annual Tax$6,131

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2022 · Most recent: Dec 2023 (res)

ResDec 2023Closed

Master Gas Fitters Inc

ExistresMay 2022Closed

Avid Heating and Cooling Inc

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth4 ft

Area~2,609 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 2,609 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2207 BUCHANAN ST N E MINNEAPOLIS MN 55418	MATTHEW PALIN	RESIDENTIAL	$405,900	47 ft
2211 BUCHANAN ST N E MINNEAPOLIS MN 55418	MEYER PESSENDA TRUST	RESIDENTIAL	$430,000	97 ft
1947 BUCHANAN ST N E MINNEAPOLIS MN 55418	STEVEN WALTER ULRICH	RESIDENTIAL	$328,600	124 ft
2204 LINCOLN ST N E MINNEAPOLIS MN 55418	HODGES-LI TRUST	RESIDENTIAL	$525,300	141 ft
2215 BUCHANAN ST N E MINNEAPOLIS MN 55418	J W FISHER & D M HAHN	RESIDENTIAL	$325,000	147 ft
1327 22ND AVE N E MINNEAPOLIS MN 55418	J J BOVE & M J BOVE	RESIDENTIAL	$248,700	148 ft
2210 LINCOLN ST N E MINNEAPOLIS MN 55418	JEAN W WHITE	RESIDENTIAL	$341,200	170 ft
1943 BUCHANAN ST N E MINNEAPOLIS MN 55418	LEGACY WEALTH INVESTMENTS	RESIDENTIAL-TWO UNIT	$387,600	171 ft
1946 LINCOLN ST N E MINNEAPOLIS MN 55418	ALEXANDER SCHACK	RESIDENTIAL-TWO UNIT	$426,900	182 ft
1321 22ND AVE N E MINNEAPOLIS MN 55418	J A MORRIS/M J MORRIS TRSTES	RESIDENTIAL	$223,000	185 ft

Property History

Most Recent Sale

Date202211

Price$432,100

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,131