409 ASHLAND AVE

PID: 012823240015· 2 fields stubbed (see below)

Property Overview

Parcel ID012823240015

Lot Size6,970 sq ft (0.160 ac)

Lot Dimensions (est.)51 ft wide × 137 ft deep

Year Built1880

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerCATHEDERAL HILL APARTMENTS LLC

Assessed Value$849,100

Land Value$200,000

Building Value$649,100

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

2 permits on record since 2017 · $17K total declared value · Most recent: Jan 2019 (plumbing)

PlumbingJan 2019Finaled

$400

JEFFERY NORBLOM NORBLOM PLUMBING CO

Building PermitAug 2017Finaled

$17K

Kailyn Carson RAYCO CONSTRUCTION INC

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 depth97 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

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
417 ASHLAND AVE	SARAH M HOULE JOHNS GEORGE R A JOHNS	TWO FAMILY DWELLING - UP/DWN	$519,200	50 ft
405 ASHLAND AVE	CURTIS CARL CARR	SINGLE FAMILY W/ACCESSORY UNIT	$341,700	50 ft
399 ASHLAND AVE	PRENDERGAST ROWHOUSE LLC	APARTMENTS 7-19 RENTAL UNITS	$1,118,900	100 ft
421 ASHLAND AVE	1696 ASHLAND AVENUE LLC	APARTMENTS 7-19 RENTAL UNITS	$1,175,500	100 ft
397 ASHLAND AVE	GEORGE MASTROGIORGIS	SINGLE FAMILY DWELLING, PLATTED LOT	$649,100	154 ft
111 WESTERN AVE N	MONTROSE COURT CONDO ASSOC	CONDO GARAGE	$5,100	156 ft
408 LAUREL AVE	TODD EIDE TAMMY EIDE	CONDO	$397,300	156 ft
406 LAUREL AVE	BRUCE R BEHRENDS SUSAN K BEHRENDS	CONDO	$348,800	156 ft
410 LAUREL AVE	STACEY JOHNSON	SINGLE FAMILY DWELLING, PLATTED LOT	$643,000	157 ft
404 LAUREL AVE 2	BROCK T MARTINSON JOHANNA R MARTINSON	CONDO	$305,400	166 ft

Property History

Most Recent Sale

Date2012-01-04

Price$525,000

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.