533 SUMMIT AVE

PID: 012823230183· 2 fields stubbed (see below)

Property Overview

Parcel ID012823230183

Lot Size18,295 sq ft (0.420 ac)

Lot Dimensions (est.)150 ft wide × 122 ft deep

Year Built1902

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerPROSPECT NORTH LLC

Assessed Value$725,300

Land Value$100,000

Building Value$625,300

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 rent1,151/mo

Renter-occupied49.5%

Median home value$404K

Vacancy rate10.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 358

Zoning

H1Residential

Residential — small-scale multi-unit housing (up to 4 units)

Typical Uses

·Single-family homes
·Duplexes
·Triplexes
·4-unit buildings

Max Height35 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width140 ft

Buildable depth102 ft

Area~12,536 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 small multifamily (2–4 units, wood frame) benchmarks for 12,536 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 SUMMIT AVE	LESTER MELTZER EILEEN MELTZER	RESIDENTIAL, VACANT LAND, LOT	$289,000	109 ft
545 SUMMIT AVE	HILLSIDE SUITES LLC	APARTMENTS 4-6 RENTAL UNITS	$921,000	127 ft
542 PORTLAND AVE	SARAH WILLERSCHEIDT MARCUS WILLERSCHEIDT	THREE FAMILY DWELLING, PLATTED LOT	$1,123,200	133 ft
536 PORTLAND AVE	GARY R CURRIE ELIZABETH A CURRIE	SINGLE FAMILY DWELLING, PLATTED LOT	$447,300	162 ft
528 PORTLAND AVE	SCOTT J ADAMS	TWO FAMILY DWELLING - SIDE/SIDE	$529,800	164 ft
513 SUMMIT AVE	LESTER MELTZER EILEEN MELTZER	SINGLE FAMILY DWELLING, PLATTED LOT	$1,534,900	186 ft
526 PORTLAND AVE	RAYMOND N MEYER	TWO FAMILY DWELLING - UP/DWN	$1,017,300	188 ft
555 SUMMIT AVE 1	ANDREA C WOLLENBERG	CONDO	$363,000	205 ft
559 SUMMIT AVE 3	JANEY GOHL	CONDO	$214,000	205 ft
555 SUMMIT AVE 4	JOSEPH A PORTO JR CHRISTOPHER J PORTO	CONDO	$180,900	205 ft

Property History

Most Recent Sale

Date2021-12-15

Price$700,000

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.