463 GRAND AVE

PID: 012823310113· 2 fields stubbed (see below)

Property Overview

Parcel ID012823310113

Lot Size6,534 sq ft (0.160 ac)

Lot Dimensions (est.)115 ft wide × 57 ft deep

Year Built1879

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerEMK HOLDING CO LLC

Assessed Value$518,800

Land Value$80,000

Building Value$438,800

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 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 width105 ft

Buildable depth17 ft

Area~1,493 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 1,493 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
469 GRAND AVE	LITTLE JESSIE LLC	APARTMENTS 7-19 RENTAL UNITS	$778,000	61 ft
455 GRAND AVE	455 GRAND AVE LLC	TWO FAMILY DWELLING - UP/DWN	$664,100	87 ft
477 GRAND AVE	RICHARD SATTERNESS MADELINE HUSS	SINGLE FAMILY DWELLING, PLATTED LOT	$434,500	111 ft
0 OAKLAND AVE	RICHARD SATTERNESS MADELINE HUSS	RESIDENTIAL, VACANT LAND, LOT	$1,100	131 ft
480 GRAND HILL	GRETCHENLI FELLON TR	SINGLE FAMILY DWELLING, PLATTED LOT	$3,520,200	165 ft
481 GRAND AVE	DRB LLC	APARTMENTS 4-6 RENTAL UNITS	$625,900	172 ft
445 GRAND AVE	MIRA ON GRAND LLC	APARTMENTS 4-6 RENTAL UNITS	$638,300	223 ft
70 LAWTON ST	GRIFFIN JAMES CONWAY	SINGLE FAMILY DWELLING, PLATTED LOT	$397,400	225 ft
462 GRAND AVE	CITY OF ST PAUL	EXEMPT, VACANT LAND	$251,600	244 ft
500 GRAND HILL 3	ROBERT W KRITTA	RESIDENTIAL CO-OP	$363,900	255 ft

Property History

Most Recent Sale

Date2005-01-31

Price$90,000

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.