1347 BUCHANAN ST N E MINNEAPOLIS MN 55413

PID: 1302924240123

Property Overview

Parcel ID1302924240123

Lot Size3,837 sq ft (0.088 ac)

Lot Dimensions (est.)125 ft wide × 31 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerD R SPEELMAN & L J SPEELMAN

Assessed Value$223,000

Land Value$85,000

Building Value$138,000

Annual Tax$3,450

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

No permits found in Minneapolis open data for this parcel.

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

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 depth0 ft

Area~1,505 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,505 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
1343 BUCHANAN ST N E MINNEAPOLIS MN 55413	ANDREA M ALEXANDER	RESIDENTIAL	$425,700	42 ft
1335 BUCHANAN ST N E MINNEAPOLIS MN 55413	JULIE A DAUGHERTY	RESIDENTIAL-TWO UNIT	$363,100	88 ft
1416 14TH AVE N E MINNEAPOLIS MN 55413	J B MANCINO & J A BRIDGEMAN	RESIDENTIAL-ZERO LOT LINE	$187,200	105 ft
1331 BUCHANAN ST N E MINNEAPOLIS MN 55413	CHURCHILL PROPERTY MGMT LLC	RESIDENTIAL-TWO UNIT	$337,700	123 ft
1327 BUCHANAN ST N E MINNEAPOLIS MN 55413	A E HERNANDEZ & E HERNANDEZ	RESIDENTIAL	$407,600	154 ft
1338 LINCOLN ST N E MINNEAPOLIS MN 55413	ROBERT K KRACK	RESIDENTIAL	$324,600	155 ft
1418 14TH AVE N E MINNEAPOLIS MN 55413	ANDY'S HOLDINGS LLC	RESIDENTIAL-ZERO LOT LINE	$192,900	167 ft
1328 LINCOLN ST N E MINNEAPOLIS MN 55413	SAVANNAH R FEDORCHAK	RESIDENTIAL-ZERO LOT LINE	$235,100	178 ft
1323 BUCHANAN ST N E MINNEAPOLIS MN 55413	TODD ELERT & RENAE ELERT	RESIDENTIAL	$213,000	185 ft
1344 BUCHANAN ST N E MINNEAPOLIS MN 55413	1344 BUCHANAN ST NE LLC	RESIDENTIAL-TWO UNIT	$479,600	191 ft

Property History

Most Recent Sale

Date200011

Price$123,200

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,450