168 FORBES AVE

PID: 012823410074· 2 fields stubbed (see below)

Property Overview

Parcel ID012823410074

Lot Size4,356 sq ft (0.090 ac)

Lot Dimensions (est.)26 ft wide × 177 ft deep

Year Built1890

Property ClassTWO FAMILY DWELLING - UP/DWN

OwnerJAKE HEUER

Assessed Value$336,800

Land Value$28,000

Building Value$308,800

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Met Council Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.

Metro Council — Environmental Response Fund ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

4 permits on record since 2018 · $16K total declared value · Most recent: Mar 2018 (plumbing)

PlumbingMar 2018Finaled

$2K

JEFF HANSEN HANSEN PLUMBING

Building PermitFeb 2018Inspected

$500

MC EXTERIORS INC

Building PermitFeb 2018Finaled

$12K

MC EXTERIORS INC

ElectricalJan 2018Finaled

$2K

ACCREDITED ELECTRICAL SOLUTIONS LLC

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

West 7th St / Fort Road Federation · Saint Paul

Median reported rent1,718/mo

Renter-occupied62.6%

Median home value$383K

Vacancy rate7.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 360

Zoning

H2Residential

Residential — medium-density multi-unit housing (up to 5 units)

Typical Uses

·Apartment buildings (up to 5 units)
·Duplexes
·Townhomes

Max Height39 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width16 ft

Buildable depth157 ft

Area~598 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Marginal

Back-of-envelope estimate based on sfr / adu benchmarks for 598 sqft buildable area.

Est. units

Yield on cost

5.4%

Spread

-0.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
166 FORBES AVE	ROBERT C JANECEK	SINGLE FAMILY DWELLING, PLATTED LOT	$244,900	26 ft
172 FORBES AVE	OLAV ORMSETH	SINGLE FAMILY DWELLING, PLATTED LOT	$269,900	38 ft
162 FORBES AVE	NRHQ LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$267,600	53 ft
160 FORBES AVE	VALUE HOMES LLC	RESIDENTIAL, VACANT LAND, LOT	$28,000	79 ft
56 LEECH ST	ERIN N THUNE	SINGLE FAMILY DWELLING, PLATTED LOT	$265,600	93 ft
178 FORBES AVE	GREGORY FAUE	SINGLE FAMILY DWELLING, PLATTED LOT	$192,200	100 ft
58 LEECH ST	MARK NEAL KUSIE	SINGLE FAMILY DWELLING, PLATTED LOT	$186,100	112 ft
55 WILKIN ST	VALUE HOMES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$331,600	145 ft
68 LEECH ST	ARTURO R VAZQUEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$237,600	158 ft
148 FORBES AVE	ABIGAIL ADELSHEIM-MARSHALL	SINGLE FAMILY DWELLING, PLATTED LOT	$218,800	171 ft

Property History

Most Recent Sale

Date2019-04-30

Price$325,000

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.