256 MARSHALL AVE

PID: 012823110022· 2 fields stubbed (see below)

Property Overview

Parcel ID012823110022

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)60 ft wide × 101 ft deep

Year Built1888

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerCASEY CAPITAL III LLC

Assessed Value$1,026,300

Land Value$200,000

Building Value$826,300

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Saint Paul 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Saint Paul — 4d Affordable Housing Incentive ↗

Potential programs

Saint Paul STAR Grants & LoansMedium

Saint Paul's Sales Tax Revitalization (STAR) program provides grants and loans for commercial, mixed-use, and neighborhood improvement projects. Applications accepted annually.

Saint Paul — STAR Program ↗

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

Permit History

5 permits on record since 2016 · $131K total declared value · Most recent: May 2024 (building permit)

Building PermitMay 2024Finaled

$17K

AARON BIBLE OPTIONS EXTERIORS

PlumbingJun 2016Finaled

$4K

STEVE COURTEAU COURTEAU PLUMBING

ElectricalJun 2016Finaled

$2K

EXCEL ELECTRIC LLC OF MN

Building PermitMay 2016Finaled

$100K

MASTERS OF DISASTERS LLP

Building PermitFeb 2016Finaled

$9K

MASTERS OF DISASTERS LLP

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

Neighborhood Profile

Summit-University Planning Council · Saint Paul

Median reported rent1,124/mo

Renter-occupied61.5%

Median home value$295K

Vacancy rate5.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 340

Zoning

RM2Medium-Density Multiple-Family Residential

Multi-family Residential 2 — medium-intensity apartment (5 stories max)

Typical Uses

·Mid-rise apartments
·Condominiums
·Assisted living
·Nursing homes

Max Height50 ft

Min Setbacks

Front

25 ft

Side

9 ft

Rear

25 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth61 ft

Area~1,249 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 1,249 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
250 MARSHALL AVE	GRAND AVE PORTFOLIO LLC	APARTMENTS 7-19 RENTAL UNITS	$780,400	55 ft
262 MARSHALL AVE	262 MARSHALL PARTNERSHIP	APARTMENTS 4-6 RENTAL UNITS	$643,100	60 ft
259 DAYTON AVE	AMETHYST PORTLAND, LLC	APARTMENTS 4-6 RENTAL UNITS	$698,400	117 ft
244 MARSHALL AVE 6	PATRICIA A MCELHONE	CONDO	$222,800	147 ft
244 MARSHALL AVE 2	JULIUS A COOK JR LANA M COOK	CONDO	$207,600	147 ft
244 MARSHALL AVE 16	FREDERICK MATTHEW KRAMER	CONDO GARAGE	$500	147 ft
244 MARSHALL AVE 9	REJUV A HOME	CONDO GARAGE	$6,200	147 ft
244 MARSHALL AVE 10	FREDERICK MATTHEW KRAMER	CONDO GARAGE	$500	147 ft
244 MARSHALL AVE 11	JULIUS A COOK JR LANA M COOK	CONDO GARAGE	$500	147 ft
251 DAYTON AVE	ALIDA PURMALIETIS	SINGLE FAMILY W/ACCESSORY UNIT	$421,600	147 ft

Property History

Most Recent Sale

Date2015-07-24

Price$850,000

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount. See README for details on which sources are live vs. stubbed.