3854 XERXES AVE N MINNEAPOLIS MN 55412

PID: 0502924420055

Property Overview

Parcel ID0502924420055

Lot Size7,939 sq ft (0.182 ac)

Lot Dimensions (est.)127 ft wide × 63 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerTREVOR OKAYCHUKWU MBAKWE

Assessed Value$634,100

Land Value$113,000

Building Value$521,100

Annual Tax$10,192

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2010 · $105K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Expired

Urban Pine Plumbing and Mechanical Inc

Building Re-inspectionAug 2010

$105K

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

Neighborhood Profile

Victory · Minneapolis

Median reported rent1,398/mo

Renter-occupied17.2%

Median home value$256K

Vacancy rate3.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 3

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width114 ft

Buildable depth23 ft

Area~4,299 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 sfr / adu benchmarks for 4,299 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3846 XERXES AVE N MINNEAPOLIS MN 55412	B BOCKWITZ & K BOCKWITZ	RESIDENTIAL	$453,900	64 ft
3842 XERXES AVE N MINNEAPOLIS MN 55412	JACOB H CARLSRUD	RESIDENTIAL	$370,700	117 ft
3900 XERXES AVE N MINNEAPOLIS MN 55412	M B NICHOLSON & M NICHOLSON	RESIDENTIAL	$367,200	118 ft
3855 WASHBURN AVE N MINNEAPOLIS MN 55412	JOACHIM BERNDT & NANCY STOWE	RESIDENTIAL	$313,400	140 ft
3851 WASHBURN AVE N MINNEAPOLIS MN 55412	T PAYTON & L PAYTON	RESIDENTIAL	$317,900	144 ft
3906 XERXES AVE N MINNEAPOLIS MN 55412	LUIS SALADO-HERRERA ET AL	RESIDENTIAL	$338,000	158 ft
3847 WASHBURN AVE N MINNEAPOLIS MN 55412	KIMBREY J THOLE	RESIDENTIAL	$263,800	159 ft
3838 XERXES AVE N MINNEAPOLIS MN 55412	ROGER L VANDER POEL & WIFE	RESIDENTIAL	$369,400	160 ft
3901 WASHBURN AVE N MINNEAPOLIS MN 55412	SHANNON HARTMARK	RESIDENTIAL	$350,200	180 ft
3843 WASHBURN AVE N MINNEAPOLIS MN 55412	RAUL M POLLMAN	RESIDENTIAL	$296,500	184 ft

Property History

Most Recent Sale

Date201705

Price$485,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,192