3324 LENA SMITH BLVD MINNEAPOLIS MN 55406

PID: 0502823230140

Property Overview

Parcel ID0502823230140

Lot Size15,672 sq ft (0.360 ac)

Lot Dimensions (est.)275 ft wide × 57 ft deep

Year Built1952

Property ClassRESIDENTIAL

OwnerA E THOMPSON & D THOMPSON

Assessed Value$1,128,600

Land Value$536,000

Building Value$592,600

Annual Tax$19,679

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $101K total declared value · Most recent: Apr 2025 (addition)

AdditionApr 2025Closed

$35K

COTY CONSTRUCTION AND REMODELING

ExistresApr 2024Closed

Metro Heating & Cooling LLC

RemodelMar 2024Expired

$35K

Ann Thompson

MiscJan 2024Closed

$32K

Viking Contractors LLC

ExistresOct 2019Closed

The Snelling Co Inc

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$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

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 width265 ft

Buildable depth17 ft

Area~10,947 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 10,947 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3318 LENA SMITH BLVD MINNEAPOLIS MN 55406	THE DEBRA L COHEN TRUST	RESIDENTIAL	$827,600	62 ft
3330 LENA SMITH BLVD MINNEAPOLIS MN 55406	D P RILEY & F RILEY	RESIDENTIAL	$930,000	62 ft
3312 LENA SMITH BLVD MINNEAPOLIS MN 55406	J STOFEGA & S TIERNEY	RESIDENTIAL	$933,000	123 ft
3332 LENA SMITH BLVD MINNEAPOLIS MN 55406	S L & S S BELTON	RESIDENTIAL	$928,100	123 ft
3338 LENA SMITH BLVD MINNEAPOLIS MN 55406	L L & J C LINSTER	RESIDENTIAL	$719,800	181 ft
3307 48TH AVE S MINNEAPOLIS MN 55406	VALORIE L KLEMZ	RESIDENTIAL	$568,300	190 ft
3300 LENA SMITH BLVD MINNEAPOLIS MN 55406	R J TIERNEY & J P TIERNEY	RESIDENTIAL	$992,600	237 ft
3342 LENA SMITH BLVD MINNEAPOLIS MN 55406	J G MYERS & R J BYE	RESIDENTIAL	$779,000	239 ft
3301 48TH AVE S MINNEAPOLIS MN 55406	D PHILIP & JULIANN SWANSON	RESIDENTIAL	$555,000	247 ft
3324 48TH AVE S MINNEAPOLIS MN 55406	BETH A THOMPSON	RESIDENTIAL	$406,900	253 ft

Property History

Most Recent Sale

Date202207

Price$1,150,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$19,679