4825 XERXES AVE S MINNEAPOLIS MN 55410

PID: 1702824130010

Property Overview

Parcel ID1702824130010

Lot Size5,140 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerE A & J L ERICKSON

Assessed Value$457,000

Land Value$242,000

Building Value$215,000

Annual Tax$6,972

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $17K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

Dean's Professional Plumbing Inc

MiscSep 2024Closed

$17K

SELA ROOFING AND REMODELING INC

ResJul 2018Closed

ATHENA CARE INC

ResApr 2018Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Fulton · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,654 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 2,654 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4821 XERXES AVE S MINNEAPOLIS MN 55410	D R SPALLINO & S E SPALLINO	RESIDENTIAL	$535,100	40 ft
4829 XERXES AVE S MINNEAPOLIS MN 55410	KARIN E OSHIMA REV LVG TRUST	RESIDENTIAL	$467,800	40 ft
4817 XERXES AVE S MINNEAPOLIS MN 55410	KRIS A STUTZ	RESIDENTIAL	$437,000	80 ft
4833 XERXES AVE S MINNEAPOLIS MN 55410	DANIELLE SANDAHL	RESIDENTIAL-TWO UNIT	$553,600	80 ft
4815 XERXES AVE S MINNEAPOLIS MN 55410	KIRSTEN L ELFSTRAND	RESIDENTIAL	$519,000	120 ft
4837 XERXES AVE S MINNEAPOLIS MN 55410	LISA MOWRY/WILLIAM A BOOSMAN	RESIDENTIAL	$528,000	120 ft
4824 WASHBURN AVE S MINNEAPOLIS MN 55410	T C & D M ROSCH	RESIDENTIAL	$558,300	140 ft
4820 WASHBURN AVE S MINNEAPOLIS MN 55410	MARCY WRIGHT RUSSELL	RESIDENTIAL	$508,100	145 ft
4828 WASHBURN AVE S MINNEAPOLIS MN 55410	COREY BLAINE/VICTORIA BLAINE	RESIDENTIAL	$723,200	146 ft
4809 XERXES AVE S MINNEAPOLIS MN 55410	GARY W KRUCKEBERG TRUSTEE	RESIDENTIAL-ZERO LOT LINE	$288,200	160 ft

Property History

Most Recent Sale

Date198405

Price$64,700

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,972