885 GRAND AVE 2

PID: 022823310012· 2 fields stubbed (see below)

Property Overview

Parcel ID022823310012

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)41 ft wide × 149 ft deep

Year Built1909

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerRED MAPLE 885 LLC

Assessed Value$577,200

Land Value$100,000

Building Value$477,200

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

3 permits on record since 2015 · $6K total declared value · Most recent: Dec 2016 (mechanical)

MechanicalDec 2016Finaled

$250

JAYHAWK MECHANICAL INC

MechanicalDec 2016Finaled

$6K

JAYHAWK MECHANICAL INC

Building PermitAug 2015Inspected

—

Karow ROOF COMPANY NA INC

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

Neighborhood Profile

Summit Hill Association · 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

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 depth109 ft

Area~34 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 34 sqft buildable area.

Est. units

Yield on cost

8.5%

Spread

+3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
889 GRAND AVE	KIMENS COMMERCIAL LLC	OFFICE BUILDING 1-2 STORIES	$714,600	40 ft
881 GRAND AVE	RED MAPLE 881 LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$413,400	41 ft
893 GRAND AVE	891 GRAND INVESTMENT PROPERTIE	SMALL (UNDER 10,000 SF) DET. RETAIL	$953,200	80 ft
877 GRAND AVE	FREDERICK C KAEMMER REVOCABLE TRUST	OFFICE BUILDING 1-2 STORIES	$1,287,000	81 ft
865 GRAND AVE	VC WEST MALL LLC	NEIGHBORHOOD SHOPPING CENTER	$6,608,300	170 ft
888 GRAND AVE	1630 MARSHALL LLC	APARTMENTS 20-49 RENTAL UNITS	$1,879,800	235 ft
917 GRAND AVE	MILTON MALL LLC	NEIGHBORHOOD SHOPPING CENTER	$5,482,300	239 ft
900 SUMMIT AVE	SAINT PAULS UNITED CHURCH OF	EXEMPT, CHURCH, PUBLIC WORSHIP, PRIV	$4,411,200	240 ft
870 GRAND AVE	GRAND PLACE LLC	NEIGHBORHOOD SHOPPING CENTER	$8,250,000	253 ft
894 GRAND AVE	LAUREL H LEIN ERIC M LEIN	APARTMENTS 20-49 RENTAL UNITS	$3,087,600	258 ft

Property History

Most Recent Sale

Date2025-07-11

Price$646,000

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.