411 LAUREL AVE

PID: 012823210450· 2 fields stubbed (see below)

Property Overview

Parcel ID012823210450

Lot Size8,712 sq ft (0.190 ac)

Lot Dimensions (est.)50 ft wide × 175 ft deep

Year Built1883

Property ClassAPARTMENTS 4-6 RENTAL UNITS

Owner411 LAUREL AVE LLC

Assessed Value$616,800

Land Value$80,000

Building Value$536,800

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 2023 · $14K total declared value · Most recent: Nov 2023 (building permit)

Building PermitNov 2023Finaled

$14K

ERICK N KALLERUP CONSTRUCTION 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 rent1,172/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 width40 ft

Buildable depth135 ft

Area~1,190 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 sfr / adu benchmarks for 1,190 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
415 LAUREL AVE	SARA THERESE FROMMEYER	SINGLE FAMILY DWELLING, PLATTED LOT	$1,079,400	45 ft
407 LAUREL AVE	PATRICK M TILTON MARTHA ANNE TILTON	TWO FAMILY DWELLING - UP/DWN	$408,700	49 ft
421 LAUREL AVE	FRANZ MACEDO ANN MACEDO	TWIN HOME	$715,200	79 ft
403 LAUREL AVE	RUTH A WEINER	SINGLE FAMILY DWELLING, PLATTED LOT	$688,100	99 ft
423 LAUREL AVE	MICHAEL LEE MARTINA BAZZARO	TWIN HOME	$695,700	110 ft
427 LAUREL AVE	REBECCA M AUSTIN TR	SINGLE FAMILY W/ACCESSORY UNIT	$816,300	150 ft
400 SELBY AVE	SELBY AVENUE REALTY LLC	APARTMENTS 50-99 RENTAL UNITS	$20,442,500	212 ft
410 LAUREL AVE	STACEY JOHNSON	SINGLE FAMILY DWELLING, PLATTED LOT	$643,000	220 ft
408 LAUREL AVE	TODD EIDE TAMMY EIDE	CONDO	$397,300	222 ft
406 LAUREL AVE	BRUCE R BEHRENDS SUSAN K BEHRENDS	CONDO	$348,800	222 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.