2950 XERXES AVE N MINNEAPOLIS MN 55411

PID: 0802924420058

Property Overview

Parcel ID0802924420058

Lot Size7,499 sq ft (0.172 ac)

Lot Dimensions (est.)125 ft wide × 60 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerC GAYTKO & M A WELCH

Assessed Value$308,700

Land Value$49,000

Building Value$259,700

Annual Tax$4,495

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,168/mo

Renter-occupied38.0%

Median home value$240K

Vacancy rate9.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1020

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth85 ft

Area~4,251 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 4,251 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2946 XERXES AVE N MINNEAPOLIS MN 55411	JAMES JEFFREY BARBER	RESIDENTIAL	$302,200	53 ft
2954 XERXES AVE N MINNEAPOLIS MN 55411	CALEB TRAUT & ASHLEY TRAUT	RESIDENTIAL	$312,000	58 ft
2942 XERXES AVE N MINNEAPOLIS MN 55411	HEIDI CARLSON	RESIDENTIAL	$279,600	96 ft
2938 XERXES AVE N MINNEAPOLIS MN 55411	G NAFZIGAR & N BURSAW	RESIDENTIAL	$345,200	135 ft
2953 WASHBURN AVE N MINNEAPOLIS MN 55411	JASON KUGEL	RESIDENTIAL	$235,600	140 ft
2957 WASHBURN AVE N MINNEAPOLIS MN 55411	ROXANNE IGHERIGHE	RESIDENTIAL	$305,600	149 ft
2947 WASHBURN AVE N MINNEAPOLIS MN 55411	LISA M REED	RESIDENTIAL	$236,200	150 ft
2943 WASHBURN AVE N MINNEAPOLIS MN 55411	JENNIFER AMOS	RESIDENTIAL	$260,000	170 ft
2934 XERXES AVE N MINNEAPOLIS MN 55411	PETER J & KRISTEN M MAYNARD	RESIDENTIAL	$292,400	174 ft
2939 WASHBURN AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	195 ft

Property History

Most Recent Sale

Date200010

Price$145,800

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,495