2112 XERXES AVE N MINNEAPOLIS MN 55411

PID: 1702924130043

Property Overview

Parcel ID1702924130043

Lot Size5,662 sq ft (0.130 ac)

Lot Dimensions (est.)132 ft wide × 43 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerNICHOLAS JAMES JESTER

Assessed Value$354,000

Land Value$44,000

Building Value$310,000

Annual Tax$5,250

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width60 ft

Buildable depth41 ft

Area~2,972 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 2,972 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
2106 XERXES AVE N MINNEAPOLIS MN 55411	S K KITTERMAN & M GIRALDO	RESIDENTIAL	$242,000	48 ft
2116 XERXES AVE N MINNEAPOLIS MN 55411	PAMELA G FABANO TRUST	RESIDENTIAL	$402,600	52 ft
2100 XERXES AVE N MINNEAPOLIS MN 55411	D W JOHNSON & E A JOHNSON	RESIDENTIAL	$397,700	93 ft
2120 XERXES AVE N MINNEAPOLIS MN 55411	PETER NOREN	RESIDENTIAL	$303,000	101 ft
2107 WASHBURN AVE N MINNEAPOLIS MN 55411	A J PRANGE & M C THOMPSON	RESIDENTIAL	$315,200	147 ft
2124 XERXES AVE N MINNEAPOLIS MN 55411	PETER LARSON/WHITNEY LARSON	RESIDENTIAL	$383,500	150 ft
2101 WASHBURN AVE N MINNEAPOLIS MN 55411	K JANKOFSKY & C TOLES	RESIDENTIAL	$324,200	151 ft
1946 XERXES AVE N MINNEAPOLIS MN 55411	CHARLES O'NEIL/ERICA O'NEIL	RESIDENTIAL	$447,000	201 ft
2128 XERXES AVE N MINNEAPOLIS MN 55411	P J ANTON & M B KEANE-ANTON	RESIDENTIAL	$436,400	205 ft
1949 XERXES AVE N GOLDEN VALLEY MN 55411	RORY STIERLER	RESIDENTIAL	$311,900	210 ft

Property History

Most Recent Sale

Date200401

Price$263,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,250