481 GRAND AVE

PID: 012823310180· 2 fields stubbed (see below)

Property Overview

Parcel ID012823310180

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)109 ft wide × 56 ft deep

Year Built1883

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerDRB LLC

Assessed Value$625,900

Land Value$100,000

Building Value$525,900

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

4 permits on record since 2019 · $2K total declared value · Most recent: May 2019 (electrical)

ElectricalMay 2019Finaled

$500

SUNSHINE ELECTRIC LLC

Fire EngineeringFeb 2019Finaled

—

gerry rohr GERRYS FIRE & SAFETY INC

ElectricalFeb 2019Finaled

$860

gerry rohr GERRYS FIRE & SAFETY INC

PlumbingJan 2019Finaled

$800

RICHARD PETERSON CITIES 1 PLUMBING AND HEATING 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 width99 ft

Buildable depth16 ft

Area~1,526 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 1,526 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 OAKLAND AVE	RICHARD SATTERNESS MADELINE HUSS	RESIDENTIAL, VACANT LAND, LOT	$1,100	41 ft
477 GRAND AVE	RICHARD SATTERNESS MADELINE HUSS	SINGLE FAMILY DWELLING, PLATTED LOT	$434,500	61 ft
487 GRAND AVE	487 GRAND AVENUE LLC	APARTMENTS 7-19 RENTAL UNITS	$1,762,300	97 ft
469 GRAND AVE	LITTLE JESSIE LLC	APARTMENTS 7-19 RENTAL UNITS	$778,000	111 ft
462 GRAND AVE	CITY OF ST PAUL	EXEMPT, VACANT LAND	$251,600	126 ft
463 GRAND AVE	EMK HOLDING CO LLC	APARTMENTS 4-6 RENTAL UNITS	$518,800	172 ft
500 GRAND HILL 4	ROBERT W KRITTA	RESIDENTIAL CO-OP	$363,900	195 ft
500 GRAND HILL	ROBERT W KRITTA	RESIDENTIAL CO-OP	$189,800	195 ft
500 GRAND HILL 2	ROBERT W KRITTA	RESIDENTIAL CO-OP	$363,900	195 ft
500 GRAND HILL	ROBERT W KRITTA	RESIDENTIAL CO-OP	$181,000	195 ft

Property History

Most Recent Sale

Date2004-11-19

Price$310,000

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.