5849 XERXES AVE S MINNEAPOLIS MN 55410

PID: 2002824420089

Property Overview

Parcel ID2002824420089

Lot Size5,103 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerJOSE A CABRERA

Assessed Value$367,200

Land Value$134,000

Building Value$233,200

Annual Tax$5,474

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $81K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$20K

RENEWAL BY ANDERSEN CORP

ResJun 2022Closed

Lake State Plumbing LLC

RemodelMay 2022Closed

$47K

Pro City Building and Remodeling

MiscJul 2021Closed

$7K

LEGACY RESTORATION LLC

ExistresJun 2021Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Armatage · Minneapolis

Median reported rent2,052/mo

Renter-occupied15.4%

Median home value$393K

Vacancy rate2.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 120.01

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 depth88 ft

Area~2,626 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 2,626 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
5853 XERXES AVE S MINNEAPOLIS MN 55410	E GUNDLACH & N PETERSON	RESIDENTIAL	$379,500	40 ft
5845 XERXES AVE S MINNEAPOLIS MN 55410	CHRISTOPHER P RHODES	RESIDENTIAL	$355,000	40 ft
5857 XERXES AVE S MINNEAPOLIS MN 55410	TIMOTHY FREEMAN/KAYLA DENNER	RESIDENTIAL	$324,400	78 ft
5841 XERXES AVE S MINNEAPOLIS MN 55410	JEFFERY D BELSHEIM	RESIDENTIAL	$340,000	80 ft
5837 XERXES AVE S MINNEAPOLIS MN 55410	A ORMSBY & M O ORMSBY	RESIDENTIAL	$373,000	120 ft
5848 WASHBURN AVE S MINNEAPOLIS MN 55410	S E OTTERDAHL ET AL	RESIDENTIAL-TWO UNIT	$484,900	141 ft
5844 WASHBURN AVE S MINNEAPOLIS MN 55410	STEVEN A HAVERLY	RESIDENTIAL-TWO UNIT	$437,800	146 ft
5852 WASHBURN AVE S MINNEAPOLIS MN 55410	C ADRIAN & G ADRIAN	RESIDENTIAL-TWO UNIT	$460,900	147 ft
5833 XERXES AVE S MINNEAPOLIS MN 55410	JENNIFER J PAYTON	RESIDENTIAL	$242,000	160 ft
5840 WASHBURN AVE S MINNEAPOLIS MN 55410	JAY R KETTLER	RESIDENTIAL-TWO UNIT	$466,400	161 ft

Property History

Most Recent Sale

Date201908

Price$286,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,474