359 GRAND AVE

PID: 012823420016· 2 fields stubbed (see below)

Property Overview

Parcel ID012823420016

Lot Size4,356 sq ft (0.100 ac)

Lot Dimensions (est.)50 ft wide × 86 ft deep

Year Built1889

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerKLARRIS REAL ESTATE HOLDINGS LLC

Assessed Value$245,500

Land Value$71,100

Building Value$174,400

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

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 ↗

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Summit Hill Association · Saint Paul

Median reported rent929/mo

Renter-occupied72.2%

Median home value$316K

Vacancy rate4.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 359

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 depth46 ft

Area~420 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 420 sqft buildable area.

Est. units

Yield on cost

5.3%

Spread

-0.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
355 GRAND AVE	JENNIFER R PLUM ABRAHAM DARIUS HUSAIN	SINGLE FAMILY DWELLING, PLATTED LOT	$316,300	38 ft
365 GRAND AVE	KLARRIS REAL ESTATE HOLDINGS LLC	RESIDENTIAL, VACANT LAND, LOT	$66,600	41 ft
351 GRAND AVE	PAUL PLUM	SINGLE FAMILY DWELLING, PLATTED LOT	$231,800	68 ft
365 GRAND AVE	KLARRIS REAL ESTATE HOLDINGS LLC	TWO FAMILY DWELLING - UP/DWN	$414,300	75 ft
0 RAMSEY ST	RAMSEY HILL TWNHOUSE ASSOC IN	TOWNHOME - NON-TAX OUTLOT	$100	78 ft
369 GRAND AVE	MICHELLE MESSER	SINGLE FAMILY DWELLING, PLATTED LOT	$297,100	110 ft
362 RAMSEY ST	BRIAN MURPHY	TOWNHOME-INNER UNIT	$480,600	134 ft
360 RAMSEY ST	GABRIEL JAMES WALSH LOGAN WALSH	TOWNHOME-INNER UNIT	$497,300	136 ft
364 RAMSEY ST	DEBBIE K ANDERSON MARY A ZAPPETILLO	TOWNHOME-INNER UNIT	$484,700	136 ft
345 GRAND AVE	JULIAN J ZWEBER TR DONALD T STRAFELDA TR	TWIN HOME	$291,800	137 ft

Property History

Most Recent Sale

Date2022-03-30

Price$225,000

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.