381 DAYTON AVE

PID: 012823210022· 2 fields stubbed (see below)

Property Overview

Parcel ID012823210022

Lot Size20,473 sq ft (0.470 ac)

Lot Dimensions (est.)121 ft wide × 170 ft deep

Year Built1915

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerPERGOLA INVESTMENTS LLC

Assessed Value$5,551,400

Land Value$840,000

Building Value$4,711,400

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

4 permits on record since 2015 · $48K total declared value · Most recent: Jun 2021 (building permit)

Building PermitJun 2021Finaled

$10K

Kay Owen OWEN MASONRY LLC

Building PermitJan 2017Finaled

$10K

PMI DIRECT LLC

Building PermitAug 2016Active/Issued

—

KEVIN HAUGTVEDT A PLUS WINDOWS

Building PermitSep 2015Finaled

$28K

Kay Owen OWEN MASONRY LLC

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 width111 ft

Buildable depth130 ft

Area~10,385 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 10,385 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
395 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENT VACANT LAND	$37,900	80 ft
225 WESTERN AVE N	FAZAL WALA	TWIN HOME	$517,500	119 ft
397 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENT VACANT LAND	$56,800	130 ft
227 WESTERN AVE N	LEILA NAVIDI JAMES P COOLICAN	TWIN HOME	$604,800	152 ft
193 WESTERN AVE N	YWCA OF ST PAUL	EXEMPT, VACANT LAND	$52,700	182 ft
405 DAYTON AVE	PERGOLA INVESTMENTS LLC	APARTMENT VACANT LAND	$56,800	189 ft
208 WESTERN AVE N	22 WESTERN LLC	APARTMENTS 20-49 RENTAL UNITS	$3,344,100	192 ft
204 WESTERN AVE N	22 WESTERN LLC	APARTMENTS 20-49 RENTAL UNITS	$3,344,100	200 ft
394 DAYTON AVE	ST PAUL INTERVENTION PROJECT	EXEMPT, OFFICE BUILDING	$587,900	208 ft
400 MARSHALL AVE	BLOCKCHART LLC	APARTMENTS 7-19 RENTAL UNITS	$1,338,100	212 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. See README for details on which sources are live vs. stubbed.