271 FORBES AVE

PID: 012823420024· 2 fields stubbed (see below)

Property Overview

Parcel ID012823420024

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)49 ft wide × 121 ft deep

Year Built1889

Property ClassTWO FAMILY DWELLING - UP/DWN

OwnerGYASI WILLIAMS ROSEMAN

Assessed Value$279,100

Land Value$40,000

Building Value$239,100

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

West 7th St / Fort Road Federation · 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

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 width39 ft

Buildable depth101 ft

Area~3,007 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 3-story wood frame (5–12 units) benchmarks for 3,007 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
279 FORBES AVE	MARIA MARGARET ANN FINK	TWO FAMILY DWELLING - UP/DWN	$311,800	49 ft
29 DOUGLAS ST	DUSTIN P JENSEN	SINGLE FAMILY DWELLING, PLATTED LOT	$471,000	66 ft
281 FORBES AVE	TERRENCE DUNN	SINGLE FAMILY DWELLING, PLATTED LOT	$173,900	86 ft
21 DOUGLAS ST	FARRINGTON DOUGLAS LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$195,500	103 ft
287 FORBES AVE	ALAN PIKE	SINGLE FAMILY DWELLING, PLATTED LOT	$235,000	132 ft
33 DOUGLAS ST	VERNON SAYER-MAHONEY	SINGLE FAMILY DWELLING, PLATTED LOT	$281,700	141 ft
276 FORBES AVE	CECELIA ANN MULLIN	SINGLE FAMILY DWELLING, PLATTED LOT	$227,600	178 ft
35 DOUGLAS ST	SARAH ELDE	SINGLE FAMILY DWELLING, PLATTED LOT	$309,800	180 ft
280 FORBES AVE	RYAN M SONNACK	SINGLE FAMILY DWELLING, PLATTED LOT	$329,600	188 ft
0 FORBES AVE	PAUL JEAN-MARIE	RESIDENTIAL, VACANT LAND, LOT	$2,200	201 ft

Property History

Most Recent Sale

Date2022-09-30

Price$299,900

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.