326 MICHIGAN ST

PID: 012823430166· 2 fields stubbed (see below)

Property Overview

Parcel ID012823430166

Lot Size1,742 sq ft (0.040 ac)

Lot Dimensions (est.)25 ft wide × 67 ft deep

Year Built1880

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerCARLOS Y SALAZAR

Assessed Value$187,500

Land Value$20,000

Building Value$167,500

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

3 permits on record since 2019 · $4K total declared value · Most recent: Apr 2024 (building permit)

Building PermitApr 2024Active/Issued

—

MINNESOTA WINDOW & SIDING CO INC

ElectricalNov 2019Active/Issued

$500

Spark Electric Co

MechanicalOct 2019Finaled

$3K

TODD FERRARA STANDARD HEATING & AIR CONDITIONING INC

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 width15 ft

Buildable depth47 ft

Area~293 sqft

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

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 293 sqft buildable area.

Est. units

Yield on cost

10.2%

Spread

+4.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
330 MICHIGAN ST	KATHERINE L BECKMANN	SINGLE FAMILY DWELLING, PLATTED LOT	$204,500	30 ft
322 MICHIGAN ST	MARY JANE WESSLING	SINGLE FAMILY DWELLING, PLATTED LOT	$241,900	58 ft
336 MICHIGAN ST	MARILYNN J TAYLOR	SINGLE FAMILY DWELLING, PLATTED LOT	$274,400	67 ft
238 ANN ST	LORENZO MICHELUTTI	SINGLE FAMILY DWELLING, PLATTED LOT	$360,200	88 ft
320 MICHIGAN ST	JOSHUA HOWE	SINGLE FAMILY DWELLING, PLATTED LOT	$350,000	123 ft
329 MICHIGAN ST	BENJAMIN MORENO	SINGLE FAMILY DWELLING, PLATTED LOT	$287,000	143 ft
333 MICHIGAN ST	LEA F OSBORNE CRAIG R OSBORNE	TWO FAMILY DWELLING - UP/DWN	$247,700	147 ft
335 MICHIGAN ST	STEVEN R GUBERMAN	SINGLE FAMILY DWELLING, PLATTED LOT	$346,800	160 ft
325 MICHIGAN ST	OSBORNE PROPERTIES & SERV LLC	TWO FAMILY DWELLING - UP/DWN	$279,700	163 ft
323 MICHIGAN ST	RESOLUTION HOME BUYERS LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$320,200	174 ft

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.