417 GRAND AVE

PID: 012823310089· 2 fields stubbed (see below)

Property Overview

Parcel ID012823310089

Lot Size10,890 sq ft (0.250 ac)

Lot Dimensions (est.)153 ft wide × 71 ft deep

Year Built1959

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerPROFESSIONAL R E MGMT LLC

Assessed Value$1,138,100

Land Value$220,000

Building Value$918,100

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 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 width143 ft

Buildable depth31 ft

Area~2,827 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 2,827 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
413 GRAND AVE	BENJAMIN SNOOK	TWO FAMILY DWELLING - UP/DWN	$347,800	60 ft
423 GRAND AVE	CARYL KRUCHOWSKI	TWO FAMILY DWELLING - UP/DWN	$249,000	60 ft
407 GRAND AVE	PROFESSIONAL R E MGMT LLC	APARTMENTS 7-19 RENTAL UNITS	$1,146,300	120 ft
429 GRAND AVE	BARRY JOSEPH STAR TR ANGELA HIGBY STAR TR	APARTMENTS 7-19 RENTAL UNITS	$566,600	120 ft
401 GRAND AVE	401 LLC	APARTMENTS 7-19 RENTAL UNITS	$738,300	180 ft
437 GRAND AVE	JEREMY A KEILLOR CARRIE L KEILLOR	SINGLE FAMILY DWELLING, PLATTED LOT	$493,000	180 ft
12 SUMMIT CT	MATTHEW J BAILEY TR KRISTIN BAILEY GENDRON TR	SINGLE FAMILY DWELLING, PLATTED LOT	$1,218,300	200 ft
18 SUMMIT CT	PANTHER JUNCTION PROPERTIES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$896,800	204 ft
441 GRAND AVE	GULL LAKE RENTALS LLC	APARTMENTS 4-6 RENTAL UNITS	$1,013,700	234 ft
395 GRAND AVE	395 GRAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,798,100	255 ft

Property History

Most Recent Sale

Date2005-01-07

Price$1,350,000

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.