5405 XERXES AVE S MINNEAPOLIS MN 55410

PID: 2002824120212

Property Overview

Parcel ID2002824120212

Lot Size4,498 sq ft (0.103 ac)

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

Year Built2017

Property ClassRESIDENTIAL

OwnerPETER KIRWIN & DANA KIRWIN

Assessed Value$720,300

Land Value$178,000

Building Value$542,300

Annual Tax$11,879

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $215K total declared value · Most recent: Jul 2025 (existres)

ExistresJul 2025Inspection

Hoffman Refrigeration and Heating Ltd

ResJun 2017Closed

Air It Indoor Comfort LLC

ResApr 2017Closed

Plumbing Restoration & Services LLC

NewresApr 2017Closed

$17K

Midland HVAC LLC

AdditionFeb 2017Closed

$198K

ReImagine Southwest LLC

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 depth50 ft

Area~1,997 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 1,997 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5407 XERXES AVE S MINNEAPOLIS MN 55410	BENJAMIN LANG & AMANDA KOHN	RESIDENTIAL	$626,900	45 ft
5401 XERXES AVE S MINNEAPOLIS MN 55410	KEN RIEBE & NAVY KHEAV	RESIDENTIAL	$287,700	50 ft
3015 54TH ST W MINNEAPOLIS MN 55410	JEAN BRANDL	RESIDENTIAL	$503,200	67 ft
3009 54TH ST W MINNEAPOLIS MN 55410	JAMES A CHASE	RESIDENTIAL	$907,300	112 ft
5415 XERXES AVE S MINNEAPOLIS MN 55410	ALEXANDER KIYOSHI NOONAN	RESIDENTIAL	$455,000	112 ft
5400 XERXES AVE S EDINA MN 55410	CAROLE G CERA	RESIDENTIAL	$451,800	157 ft
3005 54TH ST W MINNEAPOLIS MN 55410	S MILES GALL AND B LEE GALL	RESIDENTIAL	$818,000	157 ft
5406 XERXES AVE S EDINA MN 55410	NICHOLAS J MCCARTHY	RESIDENTIAL	$379,900	169 ft
5421 XERXES AVE S MINNEAPOLIS MN 55410	JOHN WIITALA/JESSICA WETZEL	RESIDENTIAL	$527,500	169 ft
5412 XERXES AVE S EDINA MN 55410	ADAM N KUZLAK-SWANSON ET AL	RESIDENTIAL	$366,000	179 ft

Property History

Most Recent Sale

Date201902

Price$609,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,879