3212 LENA SMITH BLVD MINNEAPOLIS MN 55406

PID: 0502823230004

Property Overview

Parcel ID0502823230004

Lot Size7,877 sq ft (0.181 ac)

Lot Dimensions (est.)188 ft wide × 42 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerR E BAKER JR & L L BAKER

Assessed Value$645,000

Land Value$406,000

Building Value$239,000

Annual Tax$10,495

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $14K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$14K

BUILT STRONG EXTERIORS LLC

ResJun 2023Closed

CenterPoint Energy Resource Corp

ExistresNov 2020Closed

Blue Ox Heating and Air LLC

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

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

Market Snapshot

Zip code 55406

Median sale price$386K+4.2% YoY

Median price / sqft$263/sqft

Median days to close13 days

Active listings43

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width34 ft

Buildable depth139 ft

Area~4,707 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 4,707 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
3208 LENA SMITH BLVD MINNEAPOLIS MN 55406	ROBERT E QUIRK ETAL	RESIDENTIAL	$593,000	43 ft
3216 LENA SMITH BLVD MINNEAPOLIS MN 55406	S E CALVIN & C B CALVIN	RESIDENTIAL	$732,000	43 ft
3204 LENA SMITH BLVD MINNEAPOLIS MN 55406	STEPHEN MENYA & LEAH MENYA	RESIDENTIAL	$553,800	86 ft
3220 LENA SMITH BLVD MINNEAPOLIS MN 55406	J F LAUBER & E J LINCOLN	RESIDENTIAL	$580,000	86 ft
3200 LENA SMITH BLVD MINNEAPOLIS MN 55406	ERIK & KIERSTEN ROMSAAS	RESIDENTIAL	$677,000	129 ft
3226 LENA SMITH BLVD MINNEAPOLIS MN 55406	MARK A CHEPLE/MARILOU CHEPLE	RESIDENTIAL	$680,000	134 ft
3215 48TH AVE S MINNEAPOLIS MN 55406	CHARLES L BOYD JR REVOC TR	RESIDENTIAL	$472,800	168 ft
3217 48TH AVE S MINNEAPOLIS MN 55406	KEVEN K ROUNDS	RESIDENTIAL	$298,000	170 ft
3209 48TH AVE S MINNEAPOLIS MN 55406	PAUL E JENSEN	RESIDENTIAL	$483,300	175 ft
3221 48TH AVE S MINNEAPOLIS MN 55406	ASTERIX MANAGEMENT LLC	RESIDENTIAL-TWO UNIT	$449,700	182 ft

Property History

Most Recent Sale

Date202102

Price$600,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,495