5232 XERXES AVE S MINNEAPOLIS MN 55410

PID: 1702824340008

Property Overview

Parcel ID1702824340008

Lot Size6,003 sq ft (0.138 ac)

Lot Dimensions (est.)129 ft wide × 47 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerA BUDDINGTON & K BUDDINGTON

Assessed Value$507,500

Land Value$223,000

Building Value$284,500

Annual Tax$7,838

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $77K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Final Inspection

$12K

Bold North Roofing and Contracting LLC

ExistresOct 2019Closed

NEIL HEATING AND AIR CONDITIONING INC

RemodelOct 2019Closed

$41K

DUGGAN CONSTRUCTION

ExistresAug 2019Closed

NEIL HEATING AND AIR CONDITIONING INC

ResAug 2019Closed

TJK PLUMBING 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 width37 ft

Buildable depth88 ft

Area~3,250 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 3-story wood frame (5–12 units) benchmarks for 3,250 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5228 XERXES AVE S MINNEAPOLIS MN 55410	TIMOTHY P RUSSELL	RESIDENTIAL-TWO UNIT	$431,800	43 ft
5238 XERXES AVE S MINNEAPOLIS MN 55410	ALEC PRICE	RESIDENTIAL	$435,800	47 ft
5224 XERXES AVE S MINNEAPOLIS MN 55410	M A NICHOLAS/K I NICHOLAS	RESIDENTIAL-TWO UNIT	$501,600	84 ft
5242 XERXES AVE S MINNEAPOLIS MN 55410	C BYRON & G BYRON	RESIDENTIAL	$427,200	93 ft
5220 XERXES AVE S MINNEAPOLIS MN 55410	PATRICIA ANN KNAAK TRUSTEE	RESIDENTIAL	$305,500	123 ft
5246 XERXES AVE S MINNEAPOLIS MN 55410	DANIEL HUGHES	RESIDENTIAL	$543,600	140 ft
5235 YORK AVE S MINNEAPOLIS MN 55410	B C ANDERSON/M P ANDERSON	RESIDENTIAL	$533,500	141 ft
5229 YORK AVE S MINNEAPOLIS MN 55410	CHRISTINE E LUND	RESIDENTIAL	$902,000	147 ft
5239 YORK AVE S MINNEAPOLIS MN 55410	WRIGHT TRUST	RESIDENTIAL	$587,500	148 ft
5216 XERXES AVE S MINNEAPOLIS MN 55410	PATRICIA A HOVEY	RESIDENTIAL	$486,600	163 ft

Property History

Most Recent Sale

Date202109

Price$588,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,838