5901 XERXES AVE S MINNEAPOLIS MN 55410

PID: 2002824420125

Property Overview

Parcel ID2002824420125

Lot Size5,104 sq ft (0.117 ac)

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

Year Built1948

Property ClassRESIDENTIAL

OwnerS R POONS & D R BAUM

Assessed Value$307,000

Land Value$134,000

Building Value$173,000

Annual Tax$4,470

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2019 · Most recent: Feb 2019 (existres)

ExistresFeb 2019Closed

Pronto Heating & Air Conditioning Inc

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth0 ft

Area~2,190 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,190 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5905 XERXES AVE S MINNEAPOLIS MN 55410	P B MARTIN JR & A A MARTIN	RESIDENTIAL	$311,000	40 ft
5909 XERXES AVE S MINNEAPOLIS MN 55410	EVAN CARTER & ERIN CARTER	RESIDENTIAL	$291,100	80 ft
5857 XERXES AVE S MINNEAPOLIS MN 55410	TIMOTHY FREEMAN/KAYLA DENNER	RESIDENTIAL	$324,400	98 ft
5913 XERXES AVE S MINNEAPOLIS MN 55410	CASEY MAKO & MOLLY BUSS	RESIDENTIAL	$362,000	120 ft
5853 XERXES AVE S MINNEAPOLIS MN 55410	E GUNDLACH & N PETERSON	RESIDENTIAL	$379,500	136 ft
5900 WASHBURN AVE S MINNEAPOLIS MN 55410	TIMOTHY J RINDELS	RESIDENTIAL-TWO UNIT	$463,900	141 ft
5904 WASHBURN AVE S MINNEAPOLIS MN 55410	WASHBURN AVE S LLC	RESIDENTIAL-TWO UNIT	$487,400	147 ft
5917 XERXES AVE S MINNEAPOLIS MN 55410	K D EHRMANN & L K EHRMANN	RESIDENTIAL	$264,000	160 ft
5908 WASHBURN AVE S MINNEAPOLIS MN 55410	WUEST BROTHERS LLC	RESIDENTIAL-TWO UNIT	$466,400	163 ft
5856 WASHBURN AVE S MINNEAPOLIS MN 55410	K MARSHALL & M NGUYEN	RESIDENTIAL-TWO UNIT	$472,500	171 ft

Property History

Most Recent Sale

Date202003

Price$258,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,470