1530 XERXES AVE N MINNEAPOLIS MN 55411

PID: 1702924430013

Property Overview

Parcel ID1702924430013

Lot Size9,152 sq ft (0.210 ac)

Lot Dimensions (est.)110 ft wide × 83 ft deep

Year Built1917

Property ClassRESIDENTIAL-TWO UNIT

OwnerALLEN I JAVINSKY

Assessed Value$319,500

Land Value$53,000

Building Value$266,500

Annual Tax$4,675

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 ↗

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

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 ↗

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

Willard - Hay · 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 width97 ft

Buildable depth43 ft

Area~4,839 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 4,839 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1514 XERXES AVE N MINNEAPOLIS MN 55411	C B & E L SCHIMELPFENIG	RESIDENTIAL	$476,100	90 ft
1515 WASHBURN AVE N MINNEAPOLIS MN 55411	FRANKIE ELLIOTT	RESIDENTIAL	$397,400	137 ft
1519 WASHBURN AVE N MINNEAPOLIS MN 55411	WILLIAM C & EMILIE A SZABO	RESIDENTIAL	$413,800	138 ft
1509 WASHBURN AVE N MINNEAPOLIS MN 55411	GARY & BRENDA J ROSS	RESIDENTIAL	$320,600	151 ft
1606 XERXES AVE N MINNEAPOLIS MN 55411	APRIL A ESTES REV TRUST	RESIDENTIAL	$474,500	163 ft
2920 16TH AVE N MINNEAPOLIS MN 55411	MARK G OLSON & DAWN M OLSON	RESIDENTIAL	$218,700	169 ft
1505 WASHBURN AVE N MINNEAPOLIS MN 55411	B U HALPHEN ETAL TRUSTEES	RESIDENTIAL	$318,500	182 ft
1508 XERXES AVE N MINNEAPOLIS MN 55411	MATTHEW RUNION & AMY RUNION	RESIDENTIAL	$292,600	184 ft
1541 XERXES AVE N GOLDEN VALLEY MN 55411	PAUL M KOTHRADE	RESIDENTIAL-TWO UNIT	$378,500	193 ft
1601 WASHBURN AVE N MINNEAPOLIS MN 55411	SAMUEL ABEGGLEN	RESIDENTIAL	$339,300	193 ft

Property History

Current Tax Year

Year2026

Tax Due$4,675