312 SUMMIT AVE

PID: 012823130137· 2 fields stubbed (see below)

Property Overview

Parcel ID012823130137

Lot Size23,958 sq ft (0.550 ac)

Lot Dimensions (est.)112 ft wide × 122 ft deep

Year Built1871

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerSTEPHEN A BALEJ

Assessed Value$1,344,500

Land Value$180,000

Building Value$1,164,500

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

3 permits on record since 2017 · $13K total declared value · Most recent: Sep 2020 (warm air, ventilation & general sheet)

Warm Air, Ventilation & General SheetSep 2020Active/Issued

$1K

Stephen A Balej

Building PermitSep 2020Active/Issued

$10K

Stephen A Balej

Building PermitSep 2017Active/Issued

$3K

Stephen A Balej

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 rent1,151/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 width102 ft

Buildable depth102 ft

Area~17,961 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 17,961 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
302 SUMMIT AVE 5	EILEEN C OTOOLE	CONDO	$314,900	101 ft
302 SUMMIT AVE 6	KATHLEEN BARRETT	CONDO	$305,200	101 ft
302 SUMMIT AVE 4	RUSSELL A LEPISTO	CONDO	$306,800	101 ft
302 SUMMIT AVE 1	SALMAN ABID	CONDO	$344,100	101 ft
302 SUMMIT AVE 3	ELIZABETH EGGNASH GREGG EGGNASH	CONDO	$681,900	101 ft
318 SUMMIT AVE	STEPHEN TICH TR NANCY R TICH TR	SINGLE FAMILY W/ACCESSORY UNIT	$1,833,000	114 ft
311 IRVINE AVE	KYLE MULLIGAN-LOCKET JENNIFER MULLIGAN-LOCKET	SINGLE FAMILY DWELLING, PLATTED LOT	$791,100	168 ft
324 SUMMIT AVE 103	LISA MARTONE MARK MARTONE	CONDO	$1,020,800	181 ft
324 SUMMIT AVE 101	MICHAEL BATH JENNIFER BATH	CONDO	$992,700	181 ft
322 SUMMIT AVE 102	ROBERT E CATTANACH ALLYSON J HARTLE	CONDO	$974,600	181 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.