534 LAUREL AVE

PID: 012823220237· 2 fields stubbed (see below)

Property Overview

Parcel ID012823220237

Lot Size6,970 sq ft (0.160 ac)

Lot Dimensions (est.)51 ft wide × 136 ft deep

Year Built1884

Property ClassAPARTMENTS 4-6 RENTAL UNITS

Owner534 LAUREL LLC

Assessed Value$677,400

Land Value$120,000

Building Value$557,400

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 · $89K total declared value · Most recent: Jun 2023 (building permit)

Building PermitJun 2023Active/Issued

$89K

PAUL THEIS GARLOCK FRENCH ROOFING

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 width41 ft

Buildable depth96 ft

Area~992 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 992 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
528 LAUREL AVE	PAUL B CHMELIK ELIZABETH M CHMELIK	CONDO	$574,600	50 ft
538 LAUREL AVE	HEATHER ELIZABETH ABEL KEMPER	CONDO	$329,800	50 ft
540 LAUREL AVE	ABBY SUE FISHER TR	CONDO	$388,800	50 ft
530 LAUREL AVE	JOHN BRADY MELISSA PETERSON	CONDO	$399,200	50 ft
526 LAUREL AVE 1	HANNAH CRAWFORD	CONDO	$280,600	100 ft
524 LAUREL AVE 3	JANE R KIRKWOOD	CONDO	$258,100	100 ft
524 LAUREL AVE 4	MATTHEW SALEWSKI	CONDO	$227,000	100 ft
546 LAUREL AVE 5	MICHAEL BENDIS GEORGINA BENDIS	CONDO	$139,300	100 ft
524 LAUREL AVE 2	PAULA M GOBLIRSCH	CONDO	$239,900	100 ft
524 LAUREL AVE 5	AMY S DANIEL	CONDO	$326,700	100 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.