259 SUMMIT AVE

PID: 012823110047· 2 fields stubbed (see below)

Property Overview

Parcel ID012823110047

Lot Size10,454 sq ft (0.260 ac)

Lot Dimensions (est.)40 ft wide × 56 ft deep

Year Built1900

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerRHEA LIGHT LLC

Assessed Value$610,100

Land Value$140,000

Building Value$470,100

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

Summit-University Planning Council · Saint Paul

Median reported rent1,151/mo

Renter-occupied49.5%

Median home value$404K

Vacancy rate10.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 358

Zoning

H2Residential

Residential — medium-density multi-unit housing (up to 5 units)

Typical Uses

·Apartment buildings (up to 5 units)
·Duplexes
·Townhomes

Max Height39 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth36 ft

Area~5,373 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 3-story wood frame (5–12 units) benchmarks for 5,373 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
255 SUMMIT AVE	RHEA LIGHT LLC	APARTMENTS 7-19 RENTAL UNITS	$610,100	37 ft
261 SUMMIT AVE	CARL T GRAY JANET ANN GRAY	APARTMENTS 4-6 RENTAL UNITS	$789,900	63 ft
251 SUMMIT AVE 1	KENT HORSAGER ELIZABETH HORSAGER	CONDO	$788,600	78 ft
251 SUMMIT AVE 3	ADAM PAUL NERO	CONDO	$453,000	78 ft
252 MAIDEN LN 2	VALERIE V MONDOR	CONDO	$444,000	78 ft
265 SUMMIT AVE	COMMUNITY OF RECOVERING PEOPLE INC	RES/EXEMPT SINGLE FAMILY DWELLING	$988,900	118 ft
245 SUMMIT AVE	JEANNE ALYCE HINZ JUNGE THOMAS F SURPRENANT	SINGLE FAMILY W/ACCESSORY UNIT	$760,400	133 ft
260 MAIDEN LN 1	MICHAEL DAMATO	CONDO	$900,600	143 ft
262 MAIDEN LN 3	THOMAS F IRVINE	CONDO	$198,900	143 ft
266 MAIDEN LN 2	JANE D BUXELL	CONDO	$200,600	143 ft

Property History

Most Recent Sale

Date2023-09-06

Price$1,283,750

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.