250 SELBY AVE

PID: 012823110066· 2 fields stubbed (see below)

Property Overview

Parcel ID012823110066

Lot Size23,087 sq ft (0.530 ac)

Lot Dimensions (est.)135 ft wide × 171 ft deep

Year Built1988

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerROBERT ENGSTROM COMPANIES

Assessed Value$4,052,800

Land Value$640,000

Building Value$3,412,800

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

7 permits on record since 2017 · $114K total declared value · Most recent: Jun 2023 (mechanical)

MechanicalJun 2023Finaled

$9K

RICK BINDER BINDER HEATING & A/C INC

Warm Air, Ventilation & General SheetJun 2023Finaled

$9K

RICK BINDER BINDER HEATING & A/C INC

Elevating DeviceSep 2020Finaled

$2K

SCHINDLER ELEVATOR CORPORATION

Building PermitFeb 2020Active/Issued

$87K

PAUL THEIS GARLOCK FRENCH ROOFING

Fire EngineeringDec 2018Finaled

—

Rich Poole VIKING AUTOMATIC SPRINKLER COMPANY

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 width125 ft

Buildable depth131 ft

Area~11,987 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 5-over-1 podium (12–50 units) benchmarks for 11,987 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
258 SELBY AVE	SUMMIT GARDENS LIMITED PRTNSHP	APARTMENTS 7-19 RENTAL UNITS	$1,366,700	131 ft
0 MAIDEN LN	ROBERT ENGSTROM COMPANIES	RESIDENTIAL, VACANT LAND, LOT	$71,000	133 ft
0 SELBY AVE	CATHEDRAL OF ST PAUL	EXEMPT, VACANT LAND	$252,600	142 ft
0 MAIDEN LN	SUMMIT PLACE MASTER ASSC II	RESIDENTIAL, VACANT LAND, LOT	$71,400	196 ft
0 SELBY AVE	SUMMIT PLACE MASTER ASSC II	COMMERCIAL VACANT LAND	$30,100	207 ft
249 SELBY AVE	CATHEDRAL OF ST PAUL	EXEMPT, CHURCH, PUBLIC WORSHIP, PRIV	$138,200	215 ft
0 SELBY AVE	L AND S OFFICE SERVICES INC	RESIDENTIAL, VACANT LAND, LOT	$5,300	217 ft
239 SUMMIT AVE	JAMES M LOEFFLER CHERYL R LOEFFLER	SINGLE FAMILY DWELLING, PLATTED LOT	$915,200	238 ft
245 SUMMIT AVE	JEANNE ALYCE HINZ JUNGE THOMAS F SURPRENANT	SINGLE FAMILY W/ACCESSORY UNIT	$760,400	240 ft
255 SUMMIT AVE	RHEA LIGHT LLC	APARTMENTS 7-19 RENTAL UNITS	$610,100	246 ft

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.