5427 XERXES AVE S MINNEAPOLIS MN 55410

PID: 2002824120104

Property Overview

Parcel ID2002824120104

Lot Size6,444 sq ft (0.148 ac)

Lot Dimensions (est.)129 ft wide × 50 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerALLEN NG & JENNY VUONG

Assessed Value$378,000

Land Value$192,000

Building Value$186,000

Annual Tax$5,829

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $10K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Closed

MN Plumbing & Home Services INC

ResJun 2023Closed

J GADTKE PLUMBING INC

MiscJul 2021Closed

$10K

CSC REMODELERS

ExistresApr 2021Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth89 ft

Area~3,554 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 3-story wood frame (5–12 units) benchmarks for 3,554 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
5435 XERXES AVE S MINNEAPOLIS MN 55410	SAMUEL ECKSTROM	RESIDENTIAL	$274,000	45 ft
5421 XERXES AVE S MINNEAPOLIS MN 55410	JOHN WIITALA/JESSICA WETZEL	RESIDENTIAL	$527,500	50 ft
5437 XERXES AVE S MINNEAPOLIS MN 55410	BENJAMIN LEE THOMPSON	RESIDENTIAL	$391,600	85 ft
5415 XERXES AVE S MINNEAPOLIS MN 55410	ALEXANDER KIYOSHI NOONAN	RESIDENTIAL	$455,000	107 ft
5439 XERXES AVE S MINNEAPOLIS MN 55410	S D REWERTS & N T REWERTS	RESIDENTIAL	$467,600	125 ft
5426 WASHBURN AVE S MINNEAPOLIS MN 55410	S MACKENZIE & E MACKENZIE	RESIDENTIAL	$440,000	141 ft
5422 WASHBURN AVE S MINNEAPOLIS MN 55410	J E TANTZEN & W L TANTZEN	RESIDENTIAL	$417,200	144 ft
5430 WASHBURN AVE S MINNEAPOLIS MN 55410	JOHN D HALSTROM	RESIDENTIAL	$385,900	148 ft
5418 WASHBURN AVE S MINNEAPOLIS MN 55410	C ROBERTSON & R WOOLSEY	RESIDENTIAL	$513,400	159 ft
5434 WASHBURN AVE S MINNEAPOLIS MN 55410	C SCHIFFLER/A FINN-BRUHN	RESIDENTIAL	$612,000	165 ft

Property History

Most Recent Sale

Date200907

Price$226,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,829