702 BUCHANAN ST N E MINNEAPOLIS MN 55413

PID: 1302924310202

Property Overview

Parcel ID1302924310202

Lot Size5,023 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1981

Property ClassRESIDENTIAL

OwnerWILLIAM W WANG ET AL

Assessed Value$317,300

Land Value$96,000

Building Value$221,300

Annual Tax$4,940

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · Most recent: Nov 2022 (existres)

ExistresNov 2022Closed

Hero Home Services LLC

ResDec 2019Closed

Pronto Heating & Air Conditioning 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

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~2,310 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 2,310 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
706 BUCHANAN ST N E MINNEAPOLIS MN 55413	M E HADDI & Z STOUT	RESIDENTIAL	$217,000	40 ft
710 BUCHANAN ST N E MINNEAPOLIS MN 55413	ATHANASIUS LLC	RESIDENTIAL	$268,200	80 ft
1309 SUMMER ST N E MINNEAPOLIS MN 55413	PYRAMID GROUP LLC	RESIDENTIAL-TWO UNIT	$316,200	97 ft
656 BUCHANAN ST N E MINNEAPOLIS MN 55413	C S REPP & N R REPP	RESIDENTIAL	$361,100	106 ft
714 BUCHANAN ST N E MINNEAPOLIS MN 55413	DUBAN PROPERTIES LLC	RESIDENTIAL	$239,100	120 ft
1305 SUMMER ST N E MINNEAPOLIS MN 55413	S R & N K SCHLESINGER	TRIPLEX	$501,400	139 ft
654 BUCHANAN ST N E MINNEAPOLIS MN 55413	BRETT & CATHERINE STINSON	RESIDENTIAL	$237,400	145 ft
709 PIERCE ST N E MINNEAPOLIS MN 55413	JEREMIAH SCANLON	RESIDENTIAL-TWO UNIT	$281,800	158 ft
718 BUCHANAN ST N E MINNEAPOLIS MN 55413	ADAM ALCOTT & SUSAN ALCOTT	RESIDENTIAL	$332,000	160 ft
659 PIERCE ST N E MINNEAPOLIS MN 55413	JENS HAGSTROM	RESIDENTIAL-TWO UNIT	$331,100	173 ft

Property History

Most Recent Sale

Date202206

Price$325,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,940