1115 XERXES AVE S MINNEAPOLIS MN 55405

PID: 2902924420022

Property Overview

Parcel ID2902924420022

Lot Size6,231 sq ft (0.143 ac)

Lot Dimensions (est.)128 ft wide × 49 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerJARED MEHRE

Assessed Value$486,800

Land Value$229,000

Building Value$257,800

Annual Tax$7,469

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $9K total declared value · Most recent: Nov 2023 (res)

ResNov 2023Closed

Regency Plumbing Inc

MiscSep 2023Closed

$9K

FIRST CHOICE EXTERIORS INC

ExistresMay 2023Closed

OC Mechanical Inc

ResNov 2022Closed

Regency Plumbing Inc

ExistresJan 2017Closed

Standard Heating and Air Conditioning Inc

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$540K+10.8% YoY

Median price / sqft$268/sqft

Median days to close21 days

Active listings52

Source: Redfin Data Center (Invalid Date) · Zip 55405

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth85 ft

Area~3,373 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 3,373 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1109 XERXES AVE S MINNEAPOLIS MN 55405	LAWRENCE J FRIED TRUST	RESIDENTIAL	$513,500	50 ft
1117 XERXES AVE S MINNEAPOLIS MN 55405	SHARON K BOCHERT	RESIDENTIAL	$574,700	50 ft
1121 XERXES AVE S MINNEAPOLIS MN 55405	T P SALDEN & N M SALDEN	RESIDENTIAL	$608,900	101 ft
1129 CEDAR LAKE RD S MINNEAPOLIS MN 55405	C K ROSEBROOK & M D ATTRIDGE	RESIDENTIAL	$754,400	127 ft
1116 WASHBURN AVE S MINNEAPOLIS MN 55405	SHANE R/KRISTEN N SCHROEDER	RESIDENTIAL	$761,600	142 ft
1112 WASHBURN AVE S MINNEAPOLIS MN 55405	DOROTHY L ODLAND	RESIDENTIAL	$521,200	143 ft
1125 XERXES AVE S MINNEAPOLIS MN 55405	M SKORO & R REZAC	RESIDENTIAL	$571,700	151 ft
1120 WASHBURN AVE S MINNEAPOLIS MN 55405	J R HORAN & R M DREAGER	RESIDENTIAL	$491,300	154 ft
1108 WASHBURN AVE S MINNEAPOLIS MN 55405	JEREMY R JENUM/NANCY L LUXON	RESIDENTIAL	$776,700	161 ft
1200 LAKEVIEW AVE S MINNEAPOLIS MN 55416	GAL ELISHVILI & NETANEL GUTT	RESIDENTIAL-TWO UNIT	$715,200	167 ft

Property History

Most Recent Sale

Date202401

Price$440,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,469