3958 XERXES AVE N MINNEAPOLIS MN 55412

PID: 0502924420228

Property Overview

Parcel ID0502924420228

Lot Size4,193 sq ft (0.096 ac)

Lot Dimensions (est.)123 ft wide × 34 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerL LAURENT & F T LUCENA

Assessed Value$365,300

Land Value$85,000

Building Value$280,300

Annual Tax$5,413

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2019 · Most recent: Jan 2019 (res)

ResJan 2019Closed

CenterPoint Energy Resource Corp

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~1,752 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 1,752 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3954 XERXES AVE N MINNEAPOLIS MN 55412	A BEAUMONT & S MELAMED	RESIDENTIAL	$470,300	37 ft
3950 XERXES AVE N MINNEAPOLIS MN 55412	S P & K S SCHNEIDER	RESIDENTIAL	$323,400	77 ft
4000 XERXES AVE N MINNEAPOLIS MN 55412	M J KIRKLAND & W R HAGER	RESIDENTIAL	$388,800	111 ft
3946 XERXES AVE N MINNEAPOLIS MN 55412	MARY PATTERSON TRUSTEE	RESIDENTIAL	$279,200	117 ft
3959 WASHBURN AVE N MINNEAPOLIS MN 55412	NICHOLAS STEIL/MEGAN HANSON	RESIDENTIAL	$322,700	138 ft
3955 WASHBURN AVE N MINNEAPOLIS MN 55412	M A ETLICHER & A A KUELZ	RESIDENTIAL	$320,700	144 ft
3942 XERXES AVE N MINNEAPOLIS MN 55412	GEORGE M LESSARD	RESIDENTIAL	$375,800	157 ft
3951 WASHBURN AVE N MINNEAPOLIS MN 55412	TAYLOR K STEVENS-REESE	RESIDENTIAL	$345,500	159 ft
4001 WASHBURN AVE N MINNEAPOLIS MN 55412	B MORK & J SIGNALNESS	RESIDENTIAL	$354,100	174 ft
4008 XERXES AVE N MINNEAPOLIS MN 55412	J D RAINVILLE & K L OLSON	RESIDENTIAL	$406,600	176 ft

Property History

Most Recent Sale

Date201212

Price$175,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,413