2120 XERXES AVE N MINNEAPOLIS MN 55411

PID: 1702924130041

Property Overview

Parcel ID1702924130041

Lot Size6,079 sq ft (0.140 ac)

Lot Dimensions (est.)113 ft wide × 54 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerPETER NOREN

Assessed Value$303,000

Land Value$45,000

Building Value$258,000

Annual Tax$4,400

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2017 · $10K total declared value · Most recent: Oct 2024 (res)

ResOct 2024Closed

CenterPoint Energy Resource Corp

MiscApr 2018Closed

$5K

STINSON SERVICES INC

MiscMar 2017Closed

$5K

Adam Mills LLC

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

Neighborhood Profile

Willard - Hay · Minneapolis

Median reported rent1,168/mo

Renter-occupied38.0%

Median home value$240K

Vacancy rate9.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1020

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth82 ft

Area~3,271 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 3,271 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2124 XERXES AVE N MINNEAPOLIS MN 55411	PETER LARSON/WHITNEY LARSON	RESIDENTIAL	$383,500	50 ft
2116 XERXES AVE N MINNEAPOLIS MN 55411	PAMELA G FABANO TRUST	RESIDENTIAL	$402,600	50 ft
2112 XERXES AVE N MINNEAPOLIS MN 55411	NICHOLAS JAMES JESTER	RESIDENTIAL	$354,000	101 ft
2107 WASHBURN AVE N MINNEAPOLIS MN 55411	A J PRANGE & M C THOMPSON	RESIDENTIAL	$315,200	101 ft
2128 XERXES AVE N MINNEAPOLIS MN 55411	P J ANTON & M B KEANE-ANTON	RESIDENTIAL	$436,400	107 ft
2101 WASHBURN AVE N MINNEAPOLIS MN 55411	K JANKOFSKY & C TOLES	RESIDENTIAL	$324,200	144 ft
2106 XERXES AVE N MINNEAPOLIS MN 55411	S K KITTERMAN & M GIRALDO	RESIDENTIAL	$242,000	146 ft
2100 XERXES AVE N MINNEAPOLIS MN 55411	D W JOHNSON & E A JOHNSON	RESIDENTIAL	$397,700	179 ft
2110 WASHBURN AVE N MINNEAPOLIS MN 55411	CRAIG A FITCH	RESIDENTIAL	$314,200	223 ft
2821 MCNAIR AVE MINNEAPOLIS MN 55411	GAIL L FEDOR	RESIDENTIAL	$435,200	230 ft

Property History

Most Recent Sale

Date201402

Price$161,500

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,400