639 BUCHANAN ST N E MINNEAPOLIS MN 55413

PID: 1302924310161

Property Overview

Parcel ID1302924310161

Lot Size5,022 sq ft (0.115 ac)

Lot Dimensions (est.)129 ft wide × 39 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerEUNICE E KROULIK

Assessed Value$215,000

Land Value$76,000

Building Value$139,000

Annual Tax$3,228

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $13K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$13K

ASHCO EXTERIORS INC

ResOct 2023Closed

CenterPoint Energy Resource Corp

ExistresJun 2023Closed

Metro Heating & Cooling LLC

ResMay 2018Closed

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 depth86 ft

Area~2,567 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 2,567 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
647 BUCHANAN ST N E MINNEAPOLIS MN 55413	ERIC JAMES SIMONSON	RESIDENTIAL-TWO UNIT	$405,900	49 ft
635 BUCHANAN ST N E MINNEAPOLIS MN 55413	ALEXANDER BOECHLER	RESIDENTIAL	$295,000	49 ft
631 BUCHANAN ST N E MINNEAPOLIS MN 55413	MARISA VAPE	RESIDENTIAL	$127,000	99 ft
627 BUCHANAN ST N E MINNEAPOLIS MN 55413	E VARELA & J YOAKUM	RESIDENTIAL	$189,900	138 ft
651 BUCHANAN ST N E MINNEAPOLIS MN 55413	GREGORY L & LINDA FERRARA	RESIDENTIAL	$599,200	138 ft
623 BUCHANAN ST N E MINNEAPOLIS MN 55413	CHRISTOPHER M DOI	RESIDENTIAL	$244,100	178 ft
642 BUCHANAN ST N E MINNEAPOLIS MN 55413	DANIEL KENT/JESSICA JOHNSON	RESIDENTIAL	$604,600	192 ft
638 BUCHANAN ST N E MINNEAPOLIS MN 55413	SEAGIN CLAUSS ET AL	RESIDENTIAL	$364,500	192 ft
634 BUCHANAN ST N E MINNEAPOLIS MN 55413	L & C PEARSON	RESIDENTIAL	$207,000	200 ft
646 BUCHANAN ST N E MINNEAPOLIS MN 55413	JOSE QUITO	RESIDENTIAL	$262,500	201 ft

Property History

Most Recent Sale

Date199304

Price$51,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,228