701 BUCHANAN ST N E MINNEAPOLIS MN 55413

PID: 1302924310094

Property Overview

Parcel ID1302924310094

Lot Size4,916 sq ft (0.113 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerSONYA BURKE

Assessed Value$257,200

Land Value$75,000

Building Value$182,200

Annual Tax$3,928

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2023 · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Beltrami · 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 width111 ft

Buildable depth0 ft

Area~2,238 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 2,238 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
707 BUCHANAN ST N E MINNEAPOLIS MN 55413	SERENDIPITY PROPERTIES LLC	RESIDENTIAL	$230,000	39 ft
711 BUCHANAN ST N E MINNEAPOLIS MN 55413	MARGARET M HOLTER	RESIDENTIAL-TWO UNIT	$332,400	79 ft
715 BUCHANAN ST N E MINNEAPOLIS MN 55413	ANDREW HOEFLER	RESIDENTIAL-TWO UNIT	$321,100	119 ft
651 BUCHANAN ST N E MINNEAPOLIS MN 55413	GREGORY L & LINDA FERRARA	RESIDENTIAL	$599,200	145 ft
717 BUCHANAN ST N E MINNEAPOLIS MN 55413	J RUIZ/D NOGGLE/DAN NOGGLE	RESIDENTIAL	$295,900	158 ft
702 BUCHANAN ST N E MINNEAPOLIS MN 55413	WILLIAM W WANG ET AL	RESIDENTIAL	$317,300	191 ft
706 BUCHANAN ST N E MINNEAPOLIS MN 55413	M E HADDI & Z STOUT	RESIDENTIAL	$217,000	195 ft
721 BUCHANAN ST N E MINNEAPOLIS MN 55413	MARISSA A SMITH	RESIDENTIAL	$270,000	197 ft
710 BUCHANAN ST N E MINNEAPOLIS MN 55413	ATHANASIUS LLC	RESIDENTIAL	$268,200	207 ft
656 BUCHANAN ST N E MINNEAPOLIS MN 55413	C S REPP & N R REPP	RESIDENTIAL	$361,100	217 ft

Property History

Most Recent Sale

Date200607

Price$173,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,928