395 GRAND AVE

PID: 012823310154· 2 fields stubbed (see below)

Property Overview

Parcel ID012823310154

Lot Size19,602 sq ft (0.460 ac)

Lot Dimensions (est.)201 ft wide × 97 ft deep

Year Built1912

Property ClassAPARTMENTS 7-19 RENTAL UNITS

Owner395 GRAND LLC

Assessed Value$1,798,100

Land Value$380,000

Building Value$1,418,100

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

2 permits on record since 2015 · $7K total declared value · Most recent: Nov 2018 (mechanical)

MechanicalNov 2018Active/Issued

$119

PAT COSTELLO HINDING HEATING AIR & ELECTRIC

Building PermitJul 2015Finaled

$7K

ZEPHYR SERVICES INC

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 width191 ft

Buildable depth57 ft

Area~9,070 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 5-over-1 podium (12–50 units) benchmarks for 9,070 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
401 GRAND AVE	401 LLC	APARTMENTS 7-19 RENTAL UNITS	$738,300	75 ft
391 GRAND AVE 102	EMILY BACK	CONDO	$144,800	90 ft
391 GRAND AVE 103	PAUL A MULLANEY	CONDO	$108,100	90 ft
391 GRAND AVE 302	RAGHAVENDRA KULKARNI ANITA GANJEGUNTE	CONDO	$145,100	90 ft
391 GRAND AVE 303	ALYSSA M HANSON	CONDO	$117,500	90 ft
391 GRAND AVE 304	AJA MAJKRZAK KATHERINE MAJKRZAK	CONDO	$171,500	90 ft
391 GRAND AVE 305	DONALD L KNIGHT JR SANDRA J KNIGHT	CONDO	$117,500	90 ft
391 GRAND AVE 105	MELINDA TASLER	CONDO	$108,100	90 ft
391 GRAND AVE 107	DEBRA KOFOID	CONDO	$132,600	90 ft
391 GRAND AVE 205	KALI DRACHENBERG	CONDO	$128,200	90 ft

Property History

Most Recent Sale

Date1999-12-13

Price$161,918

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.