3342 LENA SMITH BLVD MINNEAPOLIS MN 55406

PID: 0502823230144

Property Overview

Parcel ID0502823230144

Lot Size11,021 sq ft (0.253 ac)

Lot Dimensions (est.)185 ft wide × 59 ft deep

Year Built1955

Property ClassRESIDENTIAL

OwnerJ G MYERS & R J BYE

Assessed Value$779,000

Land Value$462,000

Building Value$317,000

Annual Tax$13,039

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2003 · $348K total declared value · Most recent: Jul 2025 (existres)

ExistresJul 2025Closed

4Front Energy Solutions Inc

ExistresJul 2024Closed

4Front Energy Solutions Inc

MiscAug 2023Expired

$44K

LES JONES ROOFING INC

Building Re-inspectionFeb 2012

$157K

Building Re-inspectionApr 2003

$147K

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 width175 ft

Buildable depth19 ft

Area~7,136 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 7,136 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3338 LENA SMITH BLVD MINNEAPOLIS MN 55406	L L & J C LINSTER	RESIDENTIAL	$719,800	58 ft
3350 LENA SMITH BLVD MINNEAPOLIS MN 55406	M C MEYER FAMILY TRUST	RESIDENTIAL-TWO UNIT	$538,100	58 ft
3332 LENA SMITH BLVD MINNEAPOLIS MN 55406	S L & S S BELTON	RESIDENTIAL	$928,100	116 ft
3330 LENA SMITH BLVD MINNEAPOLIS MN 55406	D P RILEY & F RILEY	RESIDENTIAL	$930,000	177 ft
3348 48TH AVE S MINNEAPOLIS MN 55406	ELIZABETH E HINZ TRUSTEE	RESIDENTIAL	$486,200	211 ft
3400 LENA SMITH BLVD MINNEAPOLIS MN 55406	N VAN WYLEN & H VAN WYLEN	RESIDENTIAL	$580,000	213 ft
3344 48TH AVE S MINNEAPOLIS MN 55406	P S & R L WILLIAMS	RESIDENTIAL	$542,000	215 ft
4720 34TH ST E MINNEAPOLIS MN 55406	D G L VAN WYLEN ETAL #1 RV T	RESIDENTIAL	$530,000	218 ft
3340 48TH AVE S MINNEAPOLIS MN 55406	DANIEL J O'LOUGHLIN ET AL	RESIDENTIAL	$445,200	226 ft
3324 LENA SMITH BLVD MINNEAPOLIS MN 55406	A E THOMPSON & D THOMPSON	RESIDENTIAL	$1,128,600	239 ft

Property History

Most Recent Sale

Date200006

Price$325,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$13,039