384 LAUREL AVE

PID: 012823210148· 2 fields stubbed (see below)

Property Overview

Parcel ID012823210148

Lot Size10,890 sq ft (0.230 ac)

Lot Dimensions (est.)75 ft wide × 144 ft deep

Year Built1950

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerPAUL ZENNER LORRI STEFFEN

Assessed Value$962,200

Land Value$200,000

Building Value$762,200

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 rent1,172/mo

Renter-occupied59.0%

Median home value$399K

Vacancy rate4.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 355

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 width65 ft

Buildable depth104 ft

Area~3,204 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 3,204 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
388 LAUREL AVE	PAUL ZENNER LORRI STEFFEN	APARTMENTS 7-19 RENTAL UNITS	$962,200	62 ft
394 LAUREL AVE	HUPP HOLDINGS V LLC	TWO FAMILY DWELLING - UP/DWN	$517,400	112 ft
111 WESTERN AVE N 2-S	DAVID J REEDER KATHLEEN M REEDER	CONDO	$368,900	120 ft
115 WESTERN AVE N 3-M	CAROLINE MUSKE	CONDO	$255,700	120 ft
115 WESTERN AVE N 2-N	KATHY SCHOENBERGER	CONDO	$337,000	120 ft
115 WESTERN AVE N 3 N	CANDY A SCHNEPF	CONDO	$314,200	120 ft
111 WESTERN AVE N 3-S	BARBARA A TUCKNER	CONDO	$298,800	120 ft
115 WESTERN AVE N 2M	AUDREY HAPKA	CONDO	$235,000	120 ft
115 WESTERN AVE N 1M	JACQUELINE M VAALE	CONDO	$297,400	120 ft
115 WESTERN AVE N 1-N	PAUL GAMBLE JANA KELLEY	CONDO	$294,000	120 ft

Property History

Most Recent Sale

Date2012-07-12

Price$1,413,000

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.