618 BUCHANAN ST N E MINNEAPOLIS MN 55413

PID: 1302924310147

Property Overview

Parcel ID1302924310147

Lot Size4,920 sq ft (0.113 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerDOROTHY COTTERELL BODE

Assessed Value$369,600

Land Value$95,000

Building Value$274,600

Annual Tax$5,810

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · Most recent: Dec 2023 (existres)

ExistresDec 2023Closed

Metro Heating & Cooling LLC

ResOct 2023Closed

CenterPoint Energy Resource Corp

ExistresMar 2023Closed

Admiral Radon & Mechanical Services LLC

ResAug 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth83 ft

Area~2,494 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 2,494 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
614 BUCHANAN ST N E MINNEAPOLIS MN 55413	RICARDO INAMAGUA	RESIDENTIAL	$183,000	39 ft
620 BUCHANAN ST N E MINNEAPOLIS MN 55413	WISE INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$344,200	40 ft
610 BUCHANAN ST N E MINNEAPOLIS MN 55413	NATHAN R ELLINGSON	RESIDENTIAL-TWO UNIT	$367,700	79 ft
626 BUCHANAN ST N E MINNEAPOLIS MN 55413	JAKE KRUGER JR	RESIDENTIAL	$260,000	79 ft
606 BUCHANAN ST N E MINNEAPOLIS MN 55413	NICOLE BORWEGE	RESIDENTIAL-TWO UNIT	$357,800	119 ft
630 BUCHANAN ST N E MINNEAPOLIS MN 55413	OLSON CAPITAL MGMT LLC	RESIDENTIAL-TWO UNIT	$351,400	119 ft
619 PIERCE ST N E MINNEAPOLIS MN 55413	BANKERS TRUST CO CALIF TRUST	RESIDENTIAL	$543,000	138 ft
623 PIERCE ST N E MINNEAPOLIS MN 55413	CLARICE ANN WILSON	RESIDENTIAL-TWO UNIT	$324,700	144 ft
615 PIERCE ST N E MINNEAPOLIS MN 55413	J T EISCHENS & V EISCHENS	RESIDENTIAL-TWO UNIT	$330,100	144 ft
600 BUCHANAN ST N E MINNEAPOLIS MN 55413	JAMES T EISCHENS	RESIDENTIAL-TWO UNIT	$305,100	158 ft

Property History

Most Recent Sale

Date201108

Price$205,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,810