705 SUMMIT AVE

PID: 022823140181· 2 fields stubbed (see below)

Property Overview

Parcel ID022823140181

Lot Size12,632 sq ft (0.290 ac)

Lot Dimensions (est.)81 ft wide × 157 ft deep

Year Built1898

Property ClassAPARTMENTS 4-6 RENTAL UNITS

Owner705 SUMMIT AVENUE LLC

Assessed Value$1,101,600

Land Value$120,000

Building Value$981,600

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Saint Paul 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Saint Paul — 4d Affordable Housing Incentive ↗

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 ↗

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

Permit History

12 permits on record since 2017 · $10K total declared value · Most recent: May 2022 (building permit)

Building PermitMay 2022Active/Issued

$1K

DANIEL SULLIVAN

Warm Air, Ventilation & General SheetAug 2019Finaled

$800

PERFECTION HTG & A/C

Building PermitAug 2019Finaled

$800

DAN SULLIVAN

Building PermitNov 2018Finaled

$2K

DANIEL SULLIVAN

Building PermitNov 2018Finaled

$2K

DANIEL SULLIVAN

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

Neighborhood Profile

Summit-University Planning Council · Saint Paul

Median reported rent1,277/mo

Renter-occupied49.0%

Median home value$530K

Vacancy rate6.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 429

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 width71 ft

Buildable depth137 ft

Area~8,393 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 8,393 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
715 SUMMIT AVE	SARA V SEVERS	TOWNHOME - OUTER UNIT	$530,600	70 ft
701 SUMMIT AVE	JUSTIN WINDSCHITL	SINGLE FAMILY W/ACCESSORY UNIT	$1,568,400	81 ft
717 SUMMIT AVE	WILLIAM E ROEHL TR TODD W SIEWERT TR	TOWNHOME-INNER UNIT	$578,100	92 ft
719 SUMMIT AVE	BARBARA LYNN BALDWIN TR	TOWNHOME-INNER UNIT	$476,200	113 ft
721 SUMMIT AVE	CHRISTOPHER CLYSDALE KATHRYN KARLMAN	TOWNHOME - OUTER UNIT	$488,400	134 ft
—	Unknown	—	—	144 ft
702 PORTLAND AVE	JEFFREY A KONIGES JUDITH A KONIGES	TWIN HOME	$666,500	144 ft
718 PORTLAND AVE A	KEVIN KETO	CONDO	$139,100	163 ft
718 PORTLAND AVE C	JAMES L KOLAR JR	CONDO	$152,700	163 ft
718 PORTLAND AVE H	ANGELA LAKIN	CONDO	$197,300	163 ft

Property History

Most Recent Sale

Date2022-12-27

Price$802,500

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.