1946 XERXES AVE N MINNEAPOLIS MN 55411

PID: 1702924130048

Property Overview

Parcel ID1702924130048

Lot Size6,363 sq ft (0.146 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerCHARLES O'NEIL/ERICA O'NEIL

Assessed Value$447,000

Land Value$46,000

Building Value$401,000

Annual Tax$6,801

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

13 permits on record since 2017 · $76K total declared value · Most recent: Jul 2025 (res)

ResJul 2025Closed

Warners Stellian Co Inc

ExistresMay 2025Closed

Blue Ox Heating and Air LLC

ResFeb 2025Closed

Paul Bunyan Plumbing, LLC

ExistresJan 2024Closed

WOODLAND STOVES & FIREPLACES

ResOct 2023Closed

CenterPoint Energy Resource Corp

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width114 ft

Buildable depth10 ft

Area~3,228 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 3,228 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1942 XERXES AVE N MINNEAPOLIS MN 55411	PHILIP & JODY HAKALA RISTOW	RESIDENTIAL	$413,600	50 ft
1938 XERXES AVE N MINNEAPOLIS MN 55411	W H WATKINS & A M WATKINS	RESIDENTIAL	$318,400	100 ft
2100 XERXES AVE N MINNEAPOLIS MN 55411	D W JOHNSON & E A JOHNSON	RESIDENTIAL	$397,700	110 ft
1947 WASHBURN AVE N MINNEAPOLIS MN 55411	SALLIE E BIRDSONG REV TRUST	RESIDENTIAL	$289,500	141 ft
1934 XERXES AVE N MINNEAPOLIS MN 55411	MICHAEL SPLENDORE	RESIDENTIAL	$317,600	150 ft
1943 WASHBURN AVE N MINNEAPOLIS MN 55411	JOEL M BINDER	RESIDENTIAL	$330,300	150 ft
2106 XERXES AVE N MINNEAPOLIS MN 55411	S K KITTERMAN & M GIRALDO	RESIDENTIAL	$242,000	162 ft
1939 WASHBURN AVE N MINNEAPOLIS MN 55411	A SWANSON & A OBERBROECKLING	RESIDENTIAL	$310,300	173 ft
1949 XERXES AVE N GOLDEN VALLEY MN 55411	RORY STIERLER	RESIDENTIAL	$311,900	176 ft
2101 WASHBURN AVE N MINNEAPOLIS MN 55411	K JANKOFSKY & C TOLES	RESIDENTIAL	$324,200	178 ft

Property History

Most Recent Sale

Date202101

Price$321,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,801