486 MARSHALL AVE

PID: 012823210337· 2 fields stubbed (see below)

Property Overview

Parcel ID012823210337

Lot Size30,492 sq ft (0.710 ac)

Lot Dimensions (est.)180 ft wide × 170 ft deep

Year Built1925

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerCHDC RAMSEY HILL LLC

Assessed Value$1,701,600

Land Value$240,000

Building Value$1,461,600

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

8 permits on record since 2015 · $165K total declared value · Most recent: Sep 2023 (plumbing)

PlumbingSep 2023Finaled

$4K

DONALD WELD WELD & SONS

MechanicalAug 2023Finaled

$7K

DUANE FARR FARR PLUMBING & HEATING LLC

ElectricalJul 2023Finaled

$13K

AME Services Inc

Building PermitJun 2023Finaled

$118K

Staci Baker Radiant Change Construction, LLC DBA, Paul Davis Restoration

MechanicalMay 2023Inspected

$500

PERFECTION HTG & A/C

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 width170 ft

Buildable depth130 ft

Area~18,363 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 18,363 sqft buildable area.

Est. units

134

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
492 MARSHALL AVE	DANIEL J TILSEN TR KIMBERLY R NIGHTINGALE TR	SINGLE FAMILY W/ACCESSORY UNIT	$596,100	108 ft
472 MARSHALL AVE 4	JAMES B POGUE	TOWNHOME - TICO	$190,000	130 ft
474 MARSHALL AVE 6	KRISTIN HUNT	TOWNHOME - TICO	$184,100	130 ft
470 MARSHALL AVE 2	DREW PREINER	TOWNHOME - TICO	$221,600	130 ft
472 MARSHALL AVE A	KAREN R SWANTON	TOWNHOME - TICO	$190,000	130 ft
470 MARSHALL AVE 1	MARCELLA BLAKE	TOWNHOME - TICO	$260,200	130 ft
468 MARSHALL AVE 5	ANTHONY R VERDEGAN	TOWNHOME - TICO	$184,100	130 ft
496 MARSHALL AVE	JONATHAN HART	SINGLE FAMILY DWELLING, PLATTED LOT	$893,300	145 ft
485 DAYTON AVE	TERENCE W GRAY BILLIE L GRAY	THREE FAMILY DWELLING, PLATTED LOT	$720,200	186 ft
218 MACKUBIN ST	BRIAN R KETCHEL SHAUNNA K KETCHEL	CONDO	$273,200	186 ft

Property History

Most Recent Sale

Date2014-12-31

Price$1,707,884

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.