489 HOLLY AVE

PID: 012823240047· 2 fields stubbed (see below)

Property Overview

Parcel ID012823240047

Lot Size10,890 sq ft (0.250 ac)

Lot Dimensions (est.)77 ft wide × 142 ft deep

Year Built1890

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerDEL CO LIMITED PARTNERSHIP

Assessed Value$814,600

Land Value$140,000

Building Value$674,600

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width67 ft

Buildable depth102 ft

Area~3,694 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 3-story wood frame (5–12 units) benchmarks for 3,694 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
477 HOLLY AVE	AARON M FORSMAN NICOLE L FORSMAN	SINGLE FAMILY DWELLING, PLATTED LOT	$759,100	75 ft
80 MACKUBIN ST	WILLOWS OF EPISCOPAL HOMES LLC	ASSISTED LIVING APT COMPLEX	$7,778,100	121 ft
475 HOLLY AVE	HEATHER NICOLE KUBISTA	SINGLE FAMILY DWELLING, PLATTED LOT	$740,400	136 ft
467 HOLLY AVE	CRAIG KRUMMEN JILL KRUMMEN	SINGLE FAMILY W/ACCESSORY UNIT	$1,126,100	186 ft
488 HOLLY AVE	NIKE UN LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$808,800	210 ft
482 HOLLY AVE	ANASTASIA M GALATI TR	SINGLE FAMILY W/ACCESSORY UNIT	$563,500	214 ft
492 HOLLY AVE	DAVID A MANN IRREVOCABLE TRUST	THREE FAMILY DWELLING, PLATTED LOT	$877,100	219 ft
71 MACKUBIN ST	RHIANA YAZZLE	TOWNHOME-INNER UNIT	$634,600	228 ft
478 HOLLY AVE	JOSEPH DAMIANI SANDRA DAMIANI	SINGLE FAMILY DWELLING, PLATTED LOT	$1,098,100	228 ft
461 HOLLY AVE 2	DOUGLAS C STEEPLES	CONDO	$248,200	236 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.