2247 BUCHANAN ST N E MINNEAPOLIS MN 55418

PID: 1202924310145

Property Overview

Parcel ID1202924310145

Lot Size5,458 sq ft (0.125 ac)

Lot Dimensions (est.)124 ft wide × 44 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerN H R TURNER/M Y CARPENTIER

Assessed Value$490,000

Land Value$119,000

Building Value$371,000

Annual Tax$7,552

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $73K total declared value · Most recent: Nov 2024 (misc)

MiscNov 2024Final Inspection

$60K

Windowlab

RemodelFeb 2023Closed

$6K

Load Bearing Wall Company

MiscFeb 2023Closed

$5K

North Point Services Co

ExistresJan 2023Closed

Hero Home Services LLC

ResNov 2017Closed

Linn Star Transfer 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

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 width111 ft

Buildable depth4 ft

Area~2,606 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 2,606 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
2243 BUCHANAN ST N E MINNEAPOLIS MN 55418	MARCIA L WILLISTON	RESIDENTIAL-TWO UNIT	$425,400	47 ft
2239 BUCHANAN ST N E MINNEAPOLIS MN 55418	J R BLAYLOCK & K A NICKEL	RESIDENTIAL	$455,700	97 ft
1416 23RD AVE N E MINNEAPOLIS MN 55418	SUEANN E WESTPHAL	RESIDENTIAL	$359,100	100 ft
1411 23RD AVE N E MINNEAPOLIS MN 55418	JAMIE P WATSON	RESIDENTIAL-TWO UNIT	$331,500	124 ft
2303 BUCHANAN ST N E MINNEAPOLIS MN 55418	WADE C MORGAN	RESIDENTIAL	$386,400	136 ft
2235 BUCHANAN ST N E MINNEAPOLIS MN 55418	JAMES Q JOHNSTON	RESIDENTIAL	$276,500	147 ft
2246 LINCOLN ST N E MINNEAPOLIS MN 55418	SHAUN KELLY	RESIDENTIAL	$468,600	161 ft
1415 23RD AVE N E MINNEAPOLIS MN 55418	DANIEL MICHAEL KAEDDEN	RESIDENTIAL-TWO UNIT	$347,900	166 ft
2236 LINCOLN ST N E MINNEAPOLIS MN 55418	SHELLY TORVIK	RESIDENTIAL	$428,500	168 ft
2305 BUCHANAN ST N E MINNEAPOLIS MN 55418	JAMIE P WATSON	VACANT LAND-RESIDENTIAL	$3,000	169 ft

Property History

Most Recent Sale

Date202105

Price$515,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,552