400 MARSHALL AVE

PID: 012823210003· 2 fields stubbed (see below)

Property Overview

Parcel ID012823210003

Lot Size18,731 sq ft (0.490 ac)

Lot Dimensions (est.)161 ft wide × 116 ft deep

Year Built1879

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerBLOCKCHART LLC

Assessed Value$1,338,100

Land Value$300,000

Building Value$1,038,100

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

3 permits on record since 2022 · $23K total declared value · Most recent: Jun 2024 (building permit)

Building PermitJun 2024Finaled

$22K

justin stommes Golden Construction, LLC.

ElectricalFeb 2023Finaled

$350

Len Reinhardt SUPREME ELECTRIC INC

FenceApr 2022Finaled

$900

HANDYWORKS UNLIMITED

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 width151 ft

Buildable depth76 ft

Area~10,579 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 10,579 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
402 MARSHALL AVE	JACQUELINE MARIE ARNOLD	TWO FAMILY DWELLING - UP/DWN	$571,700	87 ft
225 WESTERN AVE N	FAZAL WALA	TWIN HOME	$517,500	120 ft
227 WESTERN AVE N	LEILA NAVIDI JAMES P COOLICAN	TWIN HOME	$604,800	129 ft
397 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENT VACANT LAND	$56,800	181 ft
395 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENT VACANT LAND	$37,900	183 ft
405 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENT VACANT LAND	$56,800	196 ft
381 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENTS 20-49 RENTAL UNITS	$5,551,400	212 ft
420 MARSHALL AVE	420 MARSHALL AVE LLC	NURSING HOME AND PRIVATE HOSPITAL	$7,113,600	214 ft
409 DAYTON AVE	409 DAYTON LLC	TWO FAMILY DWELLING - UP/DWN	$485,600	220 ft
419 DAYTON AVE	NICHOLS LEE HOLDINGS LLC	APARTMENTS 4-6 RENTAL UNITS	$628,600	267 ft

Property History

Most Recent Sale

Date2021-06-11

Price$1,450,000

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.