587 ASHLAND AVE

PID: 012823230021· 3 fields stubbed (see below)

Property Overview

Parcel ID012823230021

Lot Size6,970 sq ft (0.160 ac)

Lot Dimensions (est.)51 ft wide × 135 ft deep

Year Built—(stub)

Property ClassAPARTMENT VACANT LAND

OwnerSELBY WILKINS LLLP

Assessed Value$26,700

Land Value$26,700

Building Value$0

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 width41 ft

Buildable depth95 ft

Area~1,019 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 1,019 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
583 ASHLAND AVE	SONYA NEWENHOUSE CECIL R WRIGHT	TWO FAMILY DWELLING - UP/DWN	$468,500	50 ft
579 ASHLAND AVE	ROBERT K ALLDREDGE MELINDA L MOSELEY	SINGLE FAMILY DWELLING, PLATTED LOT	$776,200	100 ft
587 ASHLAND AVE	SELBY WILKINS LLLP	APARTMENTS 7-19 RENTAL UNITS	$2,006,600	140 ft
575 ASHLAND AVE	TIFFANY MORVARI	SINGLE FAMILY DWELLING, PLATTED LOT	$680,000	150 ft
590 LAUREL AVE	BRYAN KENNEDY ELIZABETH GILBERTSON	SINGLE FAMILY DWELLING, PLATTED LOT	$852,800	158 ft
596 LAUREL AVE	STEVEN YU DENISE DEPPE	SINGLE FAMILY DWELLING, PLATTED LOT	$1,052,000	164 ft
586 LAUREL AVE	DENNIS A LOUIE	THREE FAMILY DWELLING, PLATTED LOT	$586,400	165 ft
600 LAUREL AVE	RACHEL HUNDT BRANDON HUNDT	SINGLE FAMILY DWELLING, PLATTED LOT	$528,400	180 ft
580 LAUREL AVE	ROBERT T BUTLER KARROL K BUTLER	SINGLE FAMILY DWELLING, PLATTED LOT	$757,500	186 ft
571 ASHLAND AVE	ERIK BARSNESS	TWO FAMILY DWELLING - UP/DWN	$457,800	200 ft

Property History

Most Recent Sale

Date2020-02-21

Price$2,070,000

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount, yearBuilt. See README for details on which sources are live vs. stubbed.