4701 XERXES AVE S MINNEAPOLIS MN 55410

PID: 1702824120136

Property Overview

Parcel ID1702824120136

Lot Size4,582 sq ft (0.105 ac)

Lot Dimensions (est.)55 ft wide × 84 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerSHAMS GHORAB & NAHED GHORAB

Assessed Value$404,600

Land Value$229,000

Building Value$175,600

Annual Tax$6,098

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · $5K total declared value · Most recent: Feb 2023 (existres)

ExistresFeb 2023Closed

Genz-Ryan Plumbing and Heating Co

MiscSep 2021Closed

$5K

RE NEW CONSTRUCTION LLC

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

Neighborhood Profile

Minneapolis

Median reported rent1,625/mo

Renter-occupied17.4%

Median home value$721K

Vacancy rate0.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 106

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth44 ft

Area~1,002 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 1,002 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3015 47TH ST W MINNEAPOLIS MN 55410	S F HOLBROOK & K M ANSBAUGH	RESIDENTIAL	$519,200	67 ft
4709 XERXES AVE S MINNEAPOLIS MN 55410	N J HOMEWOOD/A C MOSS	RESIDENTIAL	$350,000	81 ft
3101 47TH ST W MINNEAPOLIS MN 55410	STUART W ASTLEFORD TRUST	RESIDENTIAL	$333,200	110 ft
4653 XERXES AVE S MINNEAPOLIS MN 55410	J L COFFMAN & R A COFFMAN	RESIDENTIAL-TWO UNIT	$607,500	129 ft
4715 XERXES AVE S MINNEAPOLIS MN 55410	D NEVERS & J NEVERS	RESIDENTIAL	$872,200	133 ft
3011 47TH ST W MINNEAPOLIS MN 55410	ALICIA C ELLER ET AL	RESIDENTIAL	$521,000	141 ft
3107 47TH ST W MINNEAPOLIS MN 55410	KOLIN RUBEL & ESTHER BYON	RESIDENTIAL	$517,600	154 ft
4708 XERXES AVE S MINNEAPOLIS MN 55410	A LELCHUK & J LELCHUK	RESIDENTIAL	$438,900	166 ft
4649 XERXES AVE S MINNEAPOLIS MN 55410	JEREMY PERRIN & CLARA PERRIN	RESIDENTIAL	$551,000	170 ft
4708 WASHBURN AVE S MINNEAPOLIS MN 55410	STEVEN BRANDT & GRETA BRANDT	RESIDENTIAL	$458,000	185 ft

Property History

Most Recent Sale

Date200801

Price$265,750

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,098