5216 XERXES AVE S MINNEAPOLIS MN 55410

PID: 1702824340004

Property Overview

Parcel ID1702824340004

Lot Size5,149 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerPATRICIA A HOVEY

Assessed Value$486,600

Land Value$208,000

Building Value$278,600

Annual Tax$2,878

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2018 · $20K total declared value · Most recent: Nov 2025 (res)

ResNov 2025Closed

Twin City Fireplace & Stone Company

ResOct 2025Closed

Cities 1 Plumbing and Heating Inc

RemodelSep 2025Closed

$12K

GREAT LAKES WINDOW AND SIDING CO

MiscJul 2025Closed

$5K

THE HOME DEPOT

MiscMay 2025Closed

$1K

CREW2 INC

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

Neighborhood Profile

Fulton · Minneapolis

Median reported rent1,676/mo

Renter-occupied7.7%

Median home value$543K

Vacancy rate2.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1112

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 depth89 ft

Area~2,661 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 2,661 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
5220 XERXES AVE S MINNEAPOLIS MN 55410	PATRICIA ANN KNAAK TRUSTEE	RESIDENTIAL	$305,500	40 ft
5212 XERXES AVE S MINNEAPOLIS MN 55410	DANIEL & ABIGAIL LUBOZYNSKI	RESIDENTIAL	$481,800	46 ft
5224 XERXES AVE S MINNEAPOLIS MN 55410	M A NICHOLAS/K I NICHOLAS	RESIDENTIAL-TWO UNIT	$501,600	80 ft
5206 XERXES AVE S MINNEAPOLIS MN 55410	R E & G K KATZ-JAMES	RESIDENTIAL	$515,400	98 ft
5228 XERXES AVE S MINNEAPOLIS MN 55410	TIMOTHY P RUSSELL	RESIDENTIAL-TWO UNIT	$431,800	120 ft
5217 YORK AVE S MINNEAPOLIS MN 55410	RICHARD A URAM	RESIDENTIAL	$507,900	141 ft
5221 YORK AVE S MINNEAPOLIS MN 55410	ELIZABETH M OVERSTAD	RESIDENTIAL	$496,600	145 ft
5200 XERXES AVE S MINNEAPOLIS MN 55410	A J SIMONSON & T W SIMONSON	RESIDENTIAL	$437,600	151 ft
5211 YORK AVE S MINNEAPOLIS MN 55410	DIANE E SCHMIDT	RESIDENTIAL	$522,100	153 ft
5225 YORK AVE S MINNEAPOLIS MN 55410	E R ALMEROTH & E C ALMEROTH	RESIDENTIAL	$573,100	161 ft

Property History

Most Recent Sale

Date202501

Price$514,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,878