5401 XERXES AVE S MINNEAPOLIS MN 55410

PID: 2002824120080

Property Overview

Parcel ID2002824120080

Lot Size4,500 sq ft (0.103 ac)

Lot Dimensions (est.)90 ft wide × 50 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerKEN RIEBE & NAVY KHEAV

Assessed Value$287,700

Land Value$194,000

Building Value$93,700

Annual Tax$4,147

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $6K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

Northern's Benjamin Franklin Plumbing

RemodelNov 2024Final Inspection

$6K

Ambia Energy

ResJan 2018Closed

Linn Star Transfer Inc

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

Neighborhood Profile

Armatage · Minneapolis

Median reported rent1,771/mo

Renter-occupied10.4%

Median home value$551K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1113

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width75 ft

Buildable depth10 ft

Area~1,749 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 1,749 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5405 XERXES AVE S MINNEAPOLIS MN 55410	PETER KIRWIN & DANA KIRWIN	RESIDENTIAL	$720,300	50 ft
3015 54TH ST W MINNEAPOLIS MN 55410	JEAN BRANDL	RESIDENTIAL	$503,200	82 ft
5407 XERXES AVE S MINNEAPOLIS MN 55410	BENJAMIN LANG & AMANDA KOHN	RESIDENTIAL	$626,900	95 ft
3009 54TH ST W MINNEAPOLIS MN 55410	JAMES A CHASE	RESIDENTIAL	$907,300	121 ft
5400 XERXES AVE S EDINA MN 55410	CAROLE G CERA	RESIDENTIAL	$451,800	146 ft
5415 XERXES AVE S MINNEAPOLIS MN 55410	ALEXANDER KIYOSHI NOONAN	RESIDENTIAL	$455,000	161 ft
3005 54TH ST W MINNEAPOLIS MN 55410	S MILES GALL AND B LEE GALL	RESIDENTIAL	$818,000	164 ft
5406 XERXES AVE S EDINA MN 55410	NICHOLAS J MCCARTHY	RESIDENTIAL	$379,900	179 ft
5402 XERXES AVE S EDINA MN 55410	CAROLE CERA/KEITH D REITMAN	RESIDENTIAL	$287,600	188 ft
5412 XERXES AVE S EDINA MN 55410	ADAM N KUZLAK-SWANSON ET AL	RESIDENTIAL	$366,000	201 ft

Property History

Most Recent Sale

Date201209

Price$150,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,147