258 SELBY AVE

PID: 012823120181· 2 fields stubbed (see below)

Property Overview

Parcel ID012823120181

Lot Size14,375 sq ft (0.330 ac)

Lot Dimensions (est.)135 ft wide × 106 ft deep

Year Built1888

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerSUMMIT GARDENS LIMITED PRTNSHP

Assessed Value$1,366,700

Land Value$240,000

Building Value$1,126,700

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

2 permits on record since 2021 · $383K total declared value · Most recent: Dec 2022 (electrical)

ElectricalDec 2022Finaled

$3K

Amy Friedrich AID ELECTRIC CORPORATION

Building PermitOct 2021Finaled

$380K

PAULA ROBERTO PRIME GENERAL CONTRACTOR LIC

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 depth66 ft

Area~6,202 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 6,202 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
0 SELBY AVE	SUMMIT PLACE MASTER ASSC II	COMMERCIAL VACANT LAND	$30,100	77 ft
0 SELBY AVE	L AND S OFFICE SERVICES INC	RESIDENTIAL, VACANT LAND, LOT	$5,300	88 ft
0 MAIDEN LN	ROBERT ENGSTROM COMPANIES	RESIDENTIAL, VACANT LAND, LOT	$71,000	129 ft
250 SELBY AVE	ROBERT ENGSTROM COMPANIES	APARTMENTS 20-49 RENTAL UNITS	$4,052,800	131 ft
166 NINA ST	NATHANIEL L FORBES STACIE BROWN FORBES	TWIN HOME	$402,800	146 ft
0 MAIDEN LN	SUMMIT PLACE MASTER ASSC II	RESIDENTIAL, VACANT LAND, LOT	$71,400	147 ft
168 NINA ST	THEA LOPATKA TR	TWIN HOME	$480,600	148 ft
170 NINA ST	DENNIS HANOLD BARBARA KUCERA	TWIN HOME	$518,200	151 ft
164 NINA ST	ROBERT W MACNEAL CYNTHIA L GIPPLE	TWIN HOME	$394,100	151 ft
162 NINA ST	DANIEL SIMORKA HEATHER DUBOIS	SINGLE FAMILY DWELLING, PLATTED LOT	$653,900	154 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.