1350 XERXES AVE N MINNEAPOLIS MN 55411

PID: 1702924430006

Property Overview

Parcel ID1702924430006

Lot Size6,798 sq ft (0.156 ac)

Lot Dimensions (est.)136 ft wide × 50 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerD C WALKER & P BAXTER-WALKER

Assessed Value$342,900

Land Value$47,000

Building Value$295,900

Annual Tax$5,065

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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 rent1,042/mo

Renter-occupied38.0%

Median home value$229K

Vacancy rate3.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 27

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 width123 ft

Buildable depth10 ft

Area~3,551 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 3,551 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1346 XERXES AVE N MINNEAPOLIS MN 55411	ISHMAEL ISRAEL	RESIDENTIAL	$364,100	50 ft
1342 XERXES AVE N MINNEAPOLIS MN 55411	KAITLIN KELLY & CLINT BOHATY	RESIDENTIAL	$355,400	104 ft
1349 WASHBURN AVE N MINNEAPOLIS MN 55411	ETIENNE LAND TRUST	RESIDENTIAL	$380,600	142 ft
2920 14TH AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	145 ft
2916 14TH AVE N MINNEAPOLIS MN 55411	IAN N KURIA	RESIDENTIAL	$280,900	149 ft
2924 14TH AVE N MINNEAPOLIS MN 55411	ERIC D CARROLL	RESIDENTIAL	$200,000	152 ft
1336 XERXES AVE N MINNEAPOLIS MN 55411	NEERAJ MEHTA & ERIN MEHTA	RESIDENTIAL	$453,700	163 ft
1343 WASHBURN AVE N MINNEAPOLIS MN 55411	D D BAIRD & S C LEE-BAIRD	RESIDENTIAL	$408,100	171 ft
1401 WASHBURN AVE N MINNEAPOLIS MN 55411	P S SHEA & M E SHAW	RESIDENTIAL	$261,900	175 ft
1407 WASHBURN AVE N MINNEAPOLIS MN 55411	JENNY INVESTMENTS LLC	RESIDENTIAL	$271,500	204 ft

Property History

Current Tax Year

Year2026

Tax Due$5,065