401 GRAND AVE

PID: 012823310086· 2 fields stubbed (see below)

Property Overview

Parcel ID012823310086

Lot Size12,632 sq ft (0.290 ac)

Lot Dimensions (est.)169 ft wide × 75 ft deep

Year Built1880

Property ClassAPARTMENTS 7-19 RENTAL UNITS

Owner401 LLC

Assessed Value$738,300

Land Value$180,000

Building Value$558,300

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

3 permits on record since 2018 · $1K total declared value · Most recent: Mar 2022 (building permit)

Building PermitMar 2022Finaled

—

RALOWS ROOFING & REMODELING INC DBA R & R RMDLG INC

PlumbingNov 2018Finaled

$1K

RICHARD PETERSON CITIES 1 PLUMBING AND HEATING INC

Building PermitNov 2018Finaled

—

BEISSEL WINDOW & SIDING CO

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Summit Hill Association · 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

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 width159 ft

Buildable depth35 ft

Area~3,398 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 3,398 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
407 GRAND AVE	PROFESSIONAL R E MGMT LLC	APARTMENTS 7-19 RENTAL UNITS	$1,146,300	60 ft
395 GRAND AVE	395 GRAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,798,100	75 ft
413 GRAND AVE	BENJAMIN SNOOK	TWO FAMILY DWELLING - UP/DWN	$347,800	120 ft
391 GRAND AVE 105	MELINDA TASLER	CONDO	$108,100	165 ft
391 GRAND AVE 107	DEBRA KOFOID	CONDO	$132,600	165 ft
391 GRAND AVE 205	KALI DRACHENBERG	CONDO	$128,200	165 ft
391 GRAND AVE 207	PAOLA MALDONADO	CONDO	$145,100	165 ft
391 GRAND AVE 307	THERESE MISKA	CONDO	$145,100	165 ft
391 GRAND AVE 101	MATTHEW OKEEFE	CONDO	$132,600	165 ft
391 GRAND AVE 201	ESTEBAN J MARQUEZ	CONDO	$145,100	165 ft

Property History

Most Recent Sale

Date2009-06-10

Price$365,500

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.