5133 XERXES AVE S MINNEAPOLIS MN 55410

PID: 1702824420134

Property Overview

Parcel ID1702824420134

Lot Size5,150 sq ft (0.118 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerM W WHEELER & B M HEGEMAN

Assessed Value$597,000

Land Value$243,000

Building Value$354,000

Annual Tax$9,546

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $44K total declared value · Most recent: Sep 2019 (res)

ResSep 2019Closed

Warners Stellian Co Inc

ResJul 2019Closed

Welter and Blaylock Inc

RemodelJun 2019Closed

$5K

PLEKKENPOL BUILDERS INC

MiscMar 2018Closed

$40K

SELA ROOFING AND REMODELING INC

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

Neighborhood Profile

Fulton · Minneapolis

Median reported rent1,771/mo

Renter-occupied10.4%

Median home value$551K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1113

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~2,662 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 2,662 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5137 XERXES AVE S MINNEAPOLIS MN 55410	RACHEL & TERRENCE SCHMIESING	RESIDENTIAL	$522,600	40 ft
5129 XERXES AVE S MINNEAPOLIS MN 55410	K M MOORE & C E MOORE	RESIDENTIAL	$702,000	40 ft
5141 XERXES AVE S MINNEAPOLIS MN 55410	WILLIAM S & TANYA E MAURICE	RESIDENTIAL	$461,200	80 ft
5125 XERXES AVE S MINNEAPOLIS MN 55410	JOHN R G & LAURA E GRIEP	RESIDENTIAL	$639,700	80 ft
5145 XERXES AVE S MINNEAPOLIS MN 55410	AMY S JANECEK	RESIDENTIAL	$558,200	120 ft
5121 XERXES AVE S MINNEAPOLIS MN 55410	VALERIE K MARTINSON	RESIDENTIAL	$453,600	120 ft
5130 WASHBURN AVE S MINNEAPOLIS MN 55410	DIANE L SVOBODA	RESIDENTIAL	$511,800	141 ft
5136 WASHBURN AVE S MINNEAPOLIS MN 55410	O VALBERG & A VALBERG	RESIDENTIAL-TWO UNIT	$628,500	144 ft
5126 WASHBURN AVE S MINNEAPOLIS MN 55410	A J VAUGHN & E M FERNANDER	RESIDENTIAL	$563,300	155 ft
5149 XERXES AVE S MINNEAPOLIS MN 55410	F MANKOVICH & S MANKOVICH	RESIDENTIAL	$481,200	160 ft

Property History

Most Recent Sale

Date200708

Price$375,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,546