587 GRAND AVE

PID: 012823320042· 2 fields stubbed (see below)

Property Overview

Parcel ID012823320042

Lot Size7,405 sq ft (0.170 ac)

Lot Dimensions (est.)50 ft wide × 147 ft deep

Year Built1925

Property ClassAPARTMENTS 7-19 RENTAL UNITS

Owner587 GRAND LLC

Assessed Value$1,447,800

Land Value$280,000

Building Value$1,167,800

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

3 permits on record since 2016 · $9K total declared value · Most recent: Oct 2022 (fire engineering)

Fire EngineeringOct 2022Finaled

—

DEAN'S TANK INC

Building PermitAug 2017Active/Issued

$9K

PAUL THEIS GARLOCK FRENCH ROOFING

Building PermitAug 2016Active/Issued

—

KEVIN HAUGTVEDT A PLUS WINDOWS

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 width40 ft

Buildable depth107 ft

Area~1,098 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 sfr / adu benchmarks for 1,098 sqft buildable area.

Est. units

Yield on cost

1.7%

Spread

-3.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
595 GRAND AVE	CHRISTS HOUSEHOLD OF FAITH INC	THREE FAMILY DWELLING, PLATTED LOT	$526,900	50 ft
585 GRAND AVE	SAMANTHA HUDSON MICHAEL HUDSON	TWO FAMILY DWELLING - UP/DWN	$544,400	50 ft
581 GRAND AVE R-1	PAUL MASTBAUM	CONDO	$145,400	100 ft
581 GRAND AVE R-3	PAUL MASTBAUM	CONDO	$145,400	100 ft
581 GRAND AVE	NORMAN A MASTBAUM	CONDO VACANT LAND	$100	100 ft
581 GRAND AVE R-7	PAUL MASTBAUM	CONDO	$145,400	100 ft
581 GRAND AVE	NORMAN A MASTBAUM	CONDO VACANT LAND	$100	100 ft
581 GRAND AVE	NORMAN A MASTBAUM	CONDO VACANT LAND	$100	100 ft
581 GRAND AVE	NORMAN A MASTBAUM	CONDO VACANT LAND	$100	100 ft
581 GRAND AVE R-2	PAUL MASTBAUM	CONDO	$144,100	100 ft

Property History

Most Recent Sale

Date2003-01-08

Price$870,000

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.