1607 BUCHANAN ST N E MINNEAPOLIS MN 55413

PID: 1302924210064

Property Overview

Parcel ID1302924210064

Lot Size7,502 sq ft (0.172 ac)

Lot Dimensions (est.)125 ft wide × 60 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerS SZATHMARY & G SZATHMARY

Assessed Value$341,400

Land Value$136,000

Building Value$205,400

Annual Tax$5,285

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2018 · $3K total declared value · Most recent: Jan 2019 (res)

ResJan 2019Closed

CenterPoint Energy Resource Corp

MiscFeb 2018Closed

$3K

STANDARD WATER CONTROL SYSTEMS INC

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

Neighborhood Profile

Northeast Park · Minneapolis

Median reported rent1,449/mo

Renter-occupied53.8%

Median home value$277K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1026

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

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 width50 ft

Buildable depth85 ft

Area~4,249 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 4,249 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
1601 BUCHANAN ST N E MINNEAPOLIS MN 55413	DAVID BAKKE & DEBRA BAKKE TR	TRIPLEX	$509,500	58 ft
1613 BUCHANAN ST N E MINNEAPOLIS MN 55413	T CASEY & M SMITH-FINN	RESIDENTIAL	$328,000	60 ft
1619 BUCHANAN ST N E MINNEAPOLIS MN 55413	MANUEL J Q PALLCHIZACA ET AL	RESIDENTIAL	$378,300	120 ft
1610 LINCOLN ST N E MINNEAPOLIS MN 55413	LAFE SMITH & HEATHER OLSON	RESIDENTIAL	$326,900	139 ft
1600 LINCOLN ST N E MINNEAPOLIS MN 55413	S R FRENCH & N H FRENCH	RESIDENTIAL	$343,800	149 ft
1614 LINCOLN ST N E MINNEAPOLIS MN 55413	JOSEPH MARTIN	RESIDENTIAL	$352,600	158 ft
1623 BUCHANAN ST N E MINNEAPOLIS MN 55413	WESTLEY S BAUER	RESIDENTIAL	$303,300	175 ft
1618 LINCOLN ST N E MINNEAPOLIS MN 55413	J A ANDERSEN & L A ANDERSEN	RESIDENTIAL	$431,700	187 ft
1622 LINCOLN ST N E MINNEAPOLIS MN 55413	VICKIE K SOBER	RESIDENTIAL	$404,100	224 ft
1701 BUCHANAN ST N E MINNEAPOLIS MN 55413	JUAN SOSA/FLORINA CHINO-RUIZ	RESIDENTIAL	$301,800	225 ft

Property History

Most Recent Sale

Date201804

Price$285,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,285