194 LEXINGTON PKWY N

PID: 022823220069· 2 fields stubbed (see below)

Property Overview

Parcel ID022823220069

Lot Size2,614 sq ft (0.070 ac)

Lot Dimensions (est.)41 ft wide × 64 ft deep

Year Built1922

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerPARKWAY INVESTMENTS LLC

Assessed Value$457,300

Land Value$80,000

Building Value$377,300

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

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

Neighborhood Profile

Summit-University Planning Council · Saint Paul

Median reported rent1,332/mo

Renter-occupied33.7%

Median home value$256K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 338

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 width31 ft

Buildable depth24 ft

Area~16 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 16 sqft buildable area.

Est. units

Yield on cost

10.9%

Spread

+5.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1088 DAYTON AVE	ALSACE LLC	APARTMENTS 4-6 RENTAL UNITS	$457,300	44 ft
188 LEXINGTON PKWY N	CYNTHIA A MILLER	SINGLE FAMILY DWELLING, PLATTED LOT	$353,300	64 ft
1084 DAYTON AVE	NATHANIEL M JOHNSON	SINGLE FAMILY DWELLING, PLATTED LOT	$272,500	90 ft
1080 DAYTON AVE	ELOISE HATTING	SINGLE FAMILY DWELLING, PLATTED LOT	$417,000	130 ft
180 LEXINGTON PKWY N	DAVID H MOASSESFAR TR FATEMEH M ASHTIANI TR	APARTMENTS 7-19 RENTAL UNITS	$1,058,200	136 ft
206 LEXINGTON PKWY N	CHARLES MACDONALD STACY MACDONALD	SINGLE FAMILY DWELLING, PLATTED LOT	$442,300	137 ft
1083 SELBY AVE	BENJAMIN YEAGER BRENNA YEAGER	SINGLE FAMILY DWELLING, PLATTED LOT	$338,500	161 ft
1076 DAYTON AVE	ELAINE GILLESPIE BLEVINS	SINGLE FAMILY DWELLING, PLATTED LOT	$233,700	169 ft
1081 SELBY AVE	CRAIG P FERNHOLZ ANNELIESE P STUHT	SINGLE FAMILY DWELLING, PLATTED LOT	$203,300	186 ft
212 LEXINGTON PKWY N	JOEL T DANIELS	SINGLE FAMILY DWELLING, PLATTED LOT	$225,900	190 ft

Property History

Most Recent Sale

Date2004-02-25

Price$95,000

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.