2942 XERXES AVE N MINNEAPOLIS MN 55411

PID: 0802924420075

Property Overview

Parcel ID0802924420075

Lot Size4,945 sq ft (0.114 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerHEIDI CARLSON

Assessed Value$279,600

Land Value$41,000

Building Value$238,600

Annual Tax$4,010

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

7 permits on record since 2016 · $21K total declared value · Most recent: Jul 2025 (res)

ResJul 2025Closed

Urban Pine Plumbing and Mechanical Inc

ResMay 2025Closed

CenterPoint Energy Resource Corp

ExistresFeb 2021Closed

Standard Heating and Air Conditioning Inc

MiscDec 2018Closed

$8K

HOFFMAN WEBER CONSTRUCTION INC

MiscAug 2018Closed

$4K

Holmlund Masonry Inc

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

Neighborhood Profile

Willard - Hay · 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 width29 ft

Buildable depth87 ft

Area~2,513 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 2,513 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2938 XERXES AVE N MINNEAPOLIS MN 55411	G NAFZIGAR & N BURSAW	RESIDENTIAL	$345,200	39 ft
2946 XERXES AVE N MINNEAPOLIS MN 55411	JAMES JEFFREY BARBER	RESIDENTIAL	$302,200	43 ft
2934 XERXES AVE N MINNEAPOLIS MN 55411	PETER J & KRISTEN M MAYNARD	RESIDENTIAL	$292,400	78 ft
2950 XERXES AVE N MINNEAPOLIS MN 55411	C GAYTKO & M A WELCH	RESIDENTIAL	$308,700	96 ft
2930 XERXES AVE N MINNEAPOLIS MN 55411	DIANE MARIE KRUSE	RESIDENTIAL	$290,700	118 ft
2943 WASHBURN AVE N MINNEAPOLIS MN 55411	JENNIFER AMOS	RESIDENTIAL	$260,000	140 ft
2939 WASHBURN AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	145 ft
2947 WASHBURN AVE N MINNEAPOLIS MN 55411	LISA M REED	RESIDENTIAL	$236,200	146 ft
2954 XERXES AVE N MINNEAPOLIS MN 55411	CALEB TRAUT & ASHLEY TRAUT	RESIDENTIAL	$312,000	153 ft
2926 XERXES AVE N MINNEAPOLIS MN 55411	JILL M DAVIES	RESIDENTIAL	$372,000	157 ft

Property History

Most Recent Sale

Date201512

Price$227,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,010