3342 HOLMES AVE S MINNEAPOLIS MN 55408

PID: 0402824240166

Property Overview

Parcel ID0402824240166

Lot Size5,142 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerW R SCHWARTZ & K R SCHWARTZ

Assessed Value$528,000

Land Value$247,000

Building Value$281,000

Annual Tax$8,240

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

5 permits on record since 2004 · $147K total declared value · Most recent: Feb 2026 (res)

ResFeb 2026Inspection

Hurlburt Heating & Plumbing

MiscApr 2021Closed

$7K

SMITH COLE STUCCO AND STONE

ResJul 2017Closed

Warners Stellian Co Inc

ExistresJun 2017Closed

Midland HVAC LLC

Building Re-inspectionAug 2004

$140K

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

Neighborhood Profile

East Bde Maka Ska · Minneapolis

Median reported rent1,601/mo

Renter-occupied66.9%

Median home value$643K

Vacancy rate7.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1080

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width30 ft

Buildable depth89 ft

Area~2,656 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 2,656 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3338 HOLMES AVE S MINNEAPOLIS MN 55408	C GERST & M SIEFMAN	RESIDENTIAL	$692,400	40 ft
3346 HOLMES AVE S MINNEAPOLIS MN 55408	MICHAEL MEYER/THERESE MEYER	RESIDENTIAL	$880,700	40 ft
3334 HOLMES AVE S MINNEAPOLIS MN 55408	L R DONNELLY & PAUL DONNELLY	RESIDENTIAL	$784,100	80 ft
1460 34TH ST W MINNEAPOLIS MN 55408	MADELEINE CONWAY	RESIDENTIAL	$400,600	104 ft
3330 HOLMES AVE S MINNEAPOLIS MN 55408	J E SLIMAK II & C S CHEN	RESIDENTIAL	$673,200	120 ft
3343 HUMBOLDT AVE S MINNEAPOLIS MN 55408	T L THOMPSON & J IM	RESIDENTIAL	$566,300	140 ft
3339 HUMBOLDT AVE S MINNEAPOLIS MN 55408	KAROLINE LEWIS ET AL	RESIDENTIAL	$577,600	146 ft
3326 HOLMES AVE S MINNEAPOLIS MN 55408	MATTHEW KRUKOWSKI	RESIDENTIAL	$632,900	160 ft
3335 HUMBOLDT AVE S MINNEAPOLIS MN 55408	N C BIRCH & J L EIESLAND	RESIDENTIAL	$543,600	161 ft
3400 HOLMES AVE S MINNEAPOLIS MN 55408	ERIC M & CAMILA D SCHRANDT	RESIDENTIAL	$509,400	164 ft

Property History

Most Recent Sale

Date201706

Price$495,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,240