475 DAYTON AVE

PID: 012823210215· 2 fields stubbed (see below)

Property Overview

Parcel ID012823210215

Lot Size13,504 sq ft (0.310 ac)

Lot Dimensions (est.)80 ft wide × 169 ft deep

Year Built1899

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerCALABASH PROPERTIES OF ST PAUL LLC

Assessed Value$851,900

Land Value$80,000

Building Value$771,900

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

1 permit on record since 2015 · $5K total declared value · Most recent: Oct 2015 (building permit)

Building PermitOct 2015Active/Issued

$5K

BRAD NILLES NILLES BUILDERS INC

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 width70 ft

Buildable depth129 ft

Area~5,175 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 5,175 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
481 DAYTON AVE	GREGORY P HOTZLER SUSAN MARY HOTZLER	APARTMENTS 4-6 RENTAL UNITS	$640,300	60 ft
469 DAYTON AVE	ROBERT A FLATEN	TWO FAMILY DWELLING - UP/DWN	$723,400	67 ft
485 DAYTON AVE	TERENCE W GRAY BILLIE L GRAY	THREE FAMILY DWELLING, PLATTED LOT	$720,200	105 ft
487 DAYTON AVE 1	MARIE ELISE HAREMSKI	CONDO	$327,500	155 ft
487 DAYTON AVE 2	ANGELA M NORBURG	CONDO	$314,400	155 ft
487 DAYTON AVE 3	LUKE KIVI	CONDO	$228,200	155 ft
455 DAYTON AVE 109	DEBORA A HILL	CONDO	$243,600	183 ft
455 DAYTON AVE 110	HONG LIANG NAIYONG JING	CONDO	$164,000	183 ft
455 DAYTON AVE 201	STEVEN DARWITZ	CONDO	$177,600	183 ft
455 DAYTON AVE 305	JOSHUA JAMES MEYER	CONDO	$274,600	183 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.