4853 XERXES AVE S MINNEAPOLIS MN 55410

PID: 1702824130017

Property Overview

Parcel ID1702824130017

Lot Size5,144 sq ft (0.118 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerTYLER M MEYER/TAYLOR N HEDIN

Assessed Value$543,200

Land Value$242,000

Building Value$301,200

Annual Tax$8,528

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2006 · $130K total declared value · Most recent: May 2026 (res)

ResMay 2026Inspection

Water Heaters Now Inc

ExistresOct 2020Closed

Standard Heating and Air Conditioning Inc

ResApr 2018Closed

Janecky Plumbing Service Inc

Building Re-inspectionFeb 2006

$130K

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

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 width113 ft

Buildable depth0 ft

Area~2,215 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 small multifamily (2–4 units, wood frame) benchmarks for 2,215 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4857 XERXES AVE S MINNEAPOLIS MN 55410	DENISE M HOULE	RESIDENTIAL	$360,000	36 ft
4849 XERXES AVE S MINNEAPOLIS MN 55410	HPA JV BORROW 2019-1 ATH LLC	RESIDENTIAL	$457,600	40 ft
4845 XERXES AVE S MINNEAPOLIS MN 55410	JOHN YAMAMOTO/MELINDA HAYES	RESIDENTIAL	$455,200	80 ft
4841 XERXES AVE S MINNEAPOLIS MN 55410	P PRYOR & M RUHLAND	RESIDENTIAL	$471,300	120 ft
4901 XERXES AVE S MINNEAPOLIS MN 55410	BENJAMIN PETOK/JESSICA PETOK	RESIDENTIAL	$565,100	131 ft
4852 WASHBURN AVE S MINNEAPOLIS MN 55410	BRIAN DOLAN & LANA T DOLAN	RESIDENTIAL	$693,700	140 ft
4856 WASHBURN AVE S MINNEAPOLIS MN 55410	H PRATT & P NORTON	RESIDENTIAL	$460,900	145 ft
4848 WASHBURN AVE S MINNEAPOLIS MN 55410	B W BENZ & R BENZ	RESIDENTIAL	$689,200	146 ft
4837 XERXES AVE S MINNEAPOLIS MN 55410	LISA MOWRY/WILLIAM A BOOSMAN	RESIDENTIAL	$528,000	160 ft
4844 WASHBURN AVE S MINNEAPOLIS MN 55410	M R WEIER & K M WEIER	RESIDENTIAL	$715,600	160 ft

Property History

Most Recent Sale

Date202403

Price$602,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,528