5407 XERXES AVE S MINNEAPOLIS MN 55410

PID: 2002824120213

Property Overview

Parcel ID2002824120213

Lot Size3,600 sq ft (0.083 ac)

Lot Dimensions (est.)90 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerBENJAMIN LANG & AMANDA KOHN

Assessed Value$626,900

Land Value$157,000

Building Value$469,900

Annual Tax$10,111

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

No permits found in Minneapolis open data for this parcel.

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 depth50 ft

Area~1,499 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 1,499 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
5405 XERXES AVE S MINNEAPOLIS MN 55410	PETER KIRWIN & DANA KIRWIN	RESIDENTIAL	$720,300	45 ft
5415 XERXES AVE S MINNEAPOLIS MN 55410	ALEXANDER KIYOSHI NOONAN	RESIDENTIAL	$455,000	68 ft
3015 54TH ST W MINNEAPOLIS MN 55410	JEAN BRANDL	RESIDENTIAL	$503,200	83 ft
5401 XERXES AVE S MINNEAPOLIS MN 55410	KEN RIEBE & NAVY KHEAV	RESIDENTIAL	$287,700	95 ft
3009 54TH ST W MINNEAPOLIS MN 55410	JAMES A CHASE	RESIDENTIAL	$907,300	122 ft
5421 XERXES AVE S MINNEAPOLIS MN 55410	JOHN WIITALA/JESSICA WETZEL	RESIDENTIAL	$527,500	124 ft
3005 54TH ST W MINNEAPOLIS MN 55410	S MILES GALL AND B LEE GALL	RESIDENTIAL	$818,000	164 ft
5412 XERXES AVE S EDINA MN 55410	ADAM N KUZLAK-SWANSON ET AL	RESIDENTIAL	$366,000	169 ft
5414 WASHBURN AVE S MINNEAPOLIS MN 55410	J L SEGAL & T A HOIKKA	RESIDENTIAL	$755,200	170 ft
5406 XERXES AVE S EDINA MN 55410	NICHOLAS J MCCARTHY	RESIDENTIAL	$379,900	172 ft

Property History

Most Recent Sale

Date202211

Price$615,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,111