5529 XERXES AVE S MINNEAPOLIS MN 55410

PID: 2002824120127

Property Overview

Parcel ID2002824120127

Lot Size5,149 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerVALERIE N SAYRE

Assessed Value$337,900

Land Value$170,000

Building Value$167,900

Annual Tax$4,986

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $69K total declared value · Most recent: Apr 2026 (addition)

AdditionApr 2026Closed

$30K

Proficient Construction LLC

ExistresNov 2024Closed

Hoffman Refrigeration and Heating Ltd

ExistresJul 2023Closed

Hoffman Refrigeration and Heating Ltd

MiscOct 2020Closed

$11K

TWIN CITIES CONTRACTING

RemodelAug 2018Closed

$28K

HANSON REMODELING

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 width30 ft

Buildable depth89 ft

Area~2,661 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 2,661 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5533 XERXES AVE S MINNEAPOLIS MN 55410	KAREN HELSINGER	RESIDENTIAL	$448,000	40 ft
5525 XERXES AVE S MINNEAPOLIS MN 55410	ALEX GROSS & TAYLOR GROSS	RESIDENTIAL	$378,000	40 ft
5537 XERXES AVE S MINNEAPOLIS MN 55410	FAYE A NELSON	RESIDENTIAL	$328,700	80 ft
5521 XERXES AVE S MINNEAPOLIS MN 55410	GERALD R RUST	RESIDENTIAL	$362,100	80 ft
5541 XERXES AVE S MINNEAPOLIS MN 55410	AVALON I WELCH	RESIDENTIAL	$330,000	120 ft
5517 XERXES AVE S MINNEAPOLIS MN 55410	BETTY LUE JOHNSON	RESIDENTIAL	$350,500	120 ft
5528 WASHBURN AVE S MINNEAPOLIS MN 55410	E KROEGER & M C KROEGER	RESIDENTIAL	$543,100	140 ft
5524 WASHBURN AVE S MINNEAPOLIS MN 55410	NOAH L JOHNSON	RESIDENTIAL	$448,300	145 ft
5534 WASHBURN AVE S MINNEAPOLIS MN 55410	WASHBURN HOLDINGS LLP	RESIDENTIAL	$582,700	151 ft
5545 XERXES AVE S MINNEAPOLIS MN 55410	SARAH LOUISE HENNING	RESIDENTIAL	$361,600	160 ft

Property History

Most Recent Sale

Date200806

Price$244,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,986