178 FORBES AVE

PID: 012823410078· 2 fields stubbed (see below)

Property Overview

Parcel ID012823410078

Lot Size4,356 sq ft (0.100 ac)

Lot Dimensions (est.)52 ft wide × 84 ft deep

Year Built1870

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerGREGORY FAUE

Assessed Value$192,200

Land Value$40,000

Building Value$152,200

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

No permits found in Saint Paul open data for this parcel.

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 width42 ft

Buildable depth64 ft

Area~2,049 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 2,049 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
56 LEECH ST	ERIN N THUNE	SINGLE FAMILY DWELLING, PLATTED LOT	$265,600	67 ft
172 FORBES AVE	OLAV ORMSETH	SINGLE FAMILY DWELLING, PLATTED LOT	$269,900	67 ft
168 FORBES AVE	JAKE HEUER	TWO FAMILY DWELLING - UP/DWN	$336,800	100 ft
58 LEECH ST	MARK NEAL KUSIE	SINGLE FAMILY DWELLING, PLATTED LOT	$186,100	111 ft
166 FORBES AVE	ROBERT C JANECEK	SINGLE FAMILY DWELLING, PLATTED LOT	$244,900	123 ft
186 FORBES AVE	CJT INVESTMENTS LLC	IND WAREHOUSE	$706,200	138 ft
162 FORBES AVE	NRHQ LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$267,600	149 ft
160 FORBES AVE	VALUE HOMES LLC	RESIDENTIAL, VACANT LAND, LOT	$28,000	174 ft
68 LEECH ST	ARTURO R VAZQUEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$237,600	174 ft
358 7TH ST W	CITY OF ST PAUL	EXEMPT, VACANT LAND	$29,400	177 ft

Property History

Most Recent Sale

Date1997-06-06

Price$24,500

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.