405 DAYTON AVE

PID: 012823210019· 3 fields stubbed (see below)

Property Overview

Parcel ID012823210019

Lot Size10,019 sq ft (0.230 ac)

Lot Dimensions (est.)61 ft wide × 164 ft deep

Year Built—(stub)

Property ClassAPARTMENT VACANT LAND

OwnerPERGOLA INVESTMENTS LLC

Assessed Value$56,800

Land Value$56,800

Building Value$0

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 rent1,124/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 width51 ft

Buildable depth124 ft

Area~2,584 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 small multifamily (2–4 units, wood frame) benchmarks for 2,584 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
409 DAYTON AVE	409 DAYTON LLC	TWO FAMILY DWELLING - UP/DWN	$485,600	50 ft
397 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENT VACANT LAND	$56,800	60 ft
395 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENT VACANT LAND	$37,900	110 ft
419 DAYTON AVE	NICHOLS LEE HOLDINGS LLC	APARTMENTS 4-6 RENTAL UNITS	$628,600	120 ft
381 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENTS 20-49 RENTAL UNITS	$5,551,400	189 ft
402 MARSHALL AVE	JACQUELINE MARIE ARNOLD	TWO FAMILY DWELLING - UP/DWN	$571,700	190 ft
400 MARSHALL AVE	BLOCKCHART LLC	APARTMENTS 7-19 RENTAL UNITS	$1,338,100	196 ft
425 DAYTON AVE 1	425D LLC	CONDO	$159,000	199 ft
425 DAYTON AVE 3	425D LLC	CONDO	$159,000	199 ft
425 DAYTON AVE 4	425D LLC	CONDO	$156,000	199 ft

Property History

Most Recent Sale

Date1999-02-23

Price$1,400,000

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount, yearBuilt. See README for details on which sources are live vs. stubbed.