1202 BUCHANAN ST N E MINNEAPOLIS MN 55413

PID: 1302924240050

Property Overview

Parcel ID1302924240050

Lot Size5,211 sq ft (0.120 ac)

Lot Dimensions (est.)126 ft wide × 41 ft deep

Year Built1911

Property ClassRESIDENTIAL-TWO UNIT

OwnerCHARLES D LANE

Assessed Value$272,000

Land Value$86,000

Building Value$186,000

Annual Tax$5,641

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2016 · $6K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

Cities 1 Plumbing and Heating Inc

ResDec 2024Closed

Cities 1 Plumbing and Heating Inc

RemodelDec 2024Final Inspection

$6K

Robert James Remodeling IGT National Restore

ResOct 2023Closed

CenterPoint Energy Resource Corp

ExistresNov 2019Closed

GV Heating and Air 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 width31 ft

Buildable depth87 ft

Area~2,697 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 2,697 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1206 BUCHANAN ST N E MINNEAPOLIS MN 55413	JOHN HARDING / JOYCE HARDING	RESIDENTIAL	$271,300	42 ft
1132 BUCHANAN ST N E MINNEAPOLIS MN 55413	P D LARSON & J L WAHL	RESIDENTIAL	$276,100	66 ft
1210 BUCHANAN ST N E MINNEAPOLIS MN 55413	PETER A REBHOLZ	RESIDENTIAL-TWO UNIT	$535,200	83 ft
1218 BUCHANAN ST N E MINNEAPOLIS MN 55413	KEVIN MICHAEL TOUSIGNANT	RESIDENTIAL	$250,800	134 ft
1215 PIERCE ST N E MINNEAPOLIS MN 55413	DIANA MARINA MARQUEZ	RESIDENTIAL	$190,300	137 ft
1201 BUCHANAN ST N E MINNEAPOLIS MN 55413	ELIZABETH A ASHTON	RESIDENTIAL	$368,400	158 ft
1201 PIERCE ST N E MINNEAPOLIS MN 55413	BURLINGTON NORTHERN INC	RAILROAD	$0	164 ft
1222 BUCHANAN ST N E MINNEAPOLIS MN 55413	JAMES MISKOWIC	RESIDENTIAL	$269,300	186 ft
1405 12TH AVE N E MINNEAPOLIS MN 55413	KATHRYN KOTTENBROCK	RESIDENTIAL	$198,800	199 ft
1219 PIERCE ST N E MINNEAPOLIS MN 55413	JOHN L V BROOKS ET AL	RESIDENTIAL-TWO UNIT	$381,600	208 ft

Property History

Most Recent Sale

Date201809

Price$249,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,641