3900 XERXES AVE N MINNEAPOLIS MN 55412

PID: 0502924420214

Property Overview

Parcel ID0502924420214

Lot Size4,919 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerM B NICHOLSON & M NICHOLSON

Assessed Value$367,200

Land Value$92,000

Building Value$275,200

Annual Tax$5,445

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $18K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Final Inspection

$10K

ROBINSON CONSTRUCTION INC

AdditionMay 2022Closed

$2K

Hage Construction Co

ResJan 2019Closed

CenterPoint Energy Resource Corp

RemodelMay 2017Closed

$6K

Michael B Nicholson

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 width110 ft

Buildable depth0 ft

Area~2,240 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 sfr / adu benchmarks for 2,240 sqft buildable area.

Est. units

Yield on cost

1.6%

Spread

-3.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3906 XERXES AVE N MINNEAPOLIS MN 55412	LUIS SALADO-HERRERA ET AL	RESIDENTIAL	$338,000	40 ft
3910 XERXES AVE N MINNEAPOLIS MN 55412	JEFFREY V HOLMES ETAL	RESIDENTIAL	$404,300	80 ft
3854 XERXES AVE N MINNEAPOLIS MN 55412	TREVOR OKAYCHUKWU MBAKWE	RESIDENTIAL	$634,100	118 ft
3914 XERXES AVE N MINNEAPOLIS MN 55412	GREGORY M GACIOCH & WIFE	RESIDENTIAL	$399,200	120 ft
3901 WASHBURN AVE N MINNEAPOLIS MN 55412	SHANNON HARTMARK	RESIDENTIAL	$350,200	139 ft
3907 WASHBURN AVE N MINNEAPOLIS MN 55412	HANNA R LARSON	RESIDENTIAL	$275,100	144 ft
3911 WASHBURN AVE N MINNEAPOLIS MN 55412	NEELY THEISEN/ERICH NOLLAN	RESIDENTIAL	$298,800	159 ft
3918 XERXES AVE N MINNEAPOLIS MN 55412	JASON WESTRUM & MEGAN OGDAHL	RESIDENTIAL	$348,500	160 ft
3855 WASHBURN AVE N MINNEAPOLIS MN 55412	JOACHIM BERNDT & NANCY STOWE	RESIDENTIAL	$313,400	179 ft
3846 XERXES AVE N MINNEAPOLIS MN 55412	B BOCKWITZ & K BOCKWITZ	RESIDENTIAL	$453,900	181 ft

Property History

Most Recent Sale

Date200405

Price$255,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,445