651 BUCHANAN ST N E MINNEAPOLIS MN 55413

PID: 1302924310212

Property Overview

Parcel ID1302924310212

Lot Size15,585 sq ft (0.358 ac)

Lot Dimensions (est.)132 ft wide × 118 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerGREGORY L & LINDA FERRARA

Assessed Value$599,200

Land Value$122,000

Building Value$477,200

Annual Tax$10,491

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2024 · $20K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$20K

Bold North Roofing and Contracting LLC

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 width119 ft

Buildable depth78 ft

Area~9,651 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 9,651 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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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	89 ft
639 BUCHANAN ST N E MINNEAPOLIS MN 55413	EUNICE E KROULIK	RESIDENTIAL	$215,000	138 ft
701 BUCHANAN ST N E MINNEAPOLIS MN 55413	SONYA BURKE	RESIDENTIAL	$257,200	145 ft
707 BUCHANAN ST N E MINNEAPOLIS MN 55413	SERENDIPITY PROPERTIES LLC	RESIDENTIAL	$230,000	185 ft
635 BUCHANAN ST N E MINNEAPOLIS MN 55413	ALEXANDER BOECHLER	RESIDENTIAL	$295,000	187 ft
654 BUCHANAN ST N E MINNEAPOLIS MN 55413	BRETT & CATHERINE STINSON	RESIDENTIAL	$237,400	193 ft
650 BUCHANAN ST N E MINNEAPOLIS MN 55413	A R HAYES & A L HAYES	RESIDENTIAL	$289,700	197 ft
656 BUCHANAN ST N E MINNEAPOLIS MN 55413	C S REPP & N R REPP	RESIDENTIAL	$361,100	198 ft
646 BUCHANAN ST N E MINNEAPOLIS MN 55413	JOSE QUITO	RESIDENTIAL	$262,500	209 ft
711 BUCHANAN ST N E MINNEAPOLIS MN 55413	MARGARET M HOLTER	RESIDENTIAL-TWO UNIT	$332,400	224 ft

Property History

Most Recent Sale

Date200307

Price$166,935

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$10,491