51 MILTON ST S

PID: 022823310132· 2 fields stubbed (see below)

Property Overview

Parcel ID022823310132

Lot Size4,356 sq ft (0.100 ac)

Lot Dimensions (est.)59 ft wide × 74 ft deep

Year Built1907

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerMILTON INVESTMENT LLC

Assessed Value$1,133,600

Land Value$120,000

Building Value$1,013,600

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

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

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 width49 ft

Buildable depth34 ft

Area~597 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 sfr / adu benchmarks for 597 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
928 GRAND AVE	BEBE W JACQUE	APARTMENTS 20-49 RENTAL UNITS	$2,371,000	72 ft
0 MILTON ST S	NANCE L MARSDEN	COMMERCIAL VACANT LAND	$93,600	75 ft
918 GRAND AVE	NANCE L MARSDEN	SMALL (UNDER 10,000 SF) DET. RETAIL	$913,100	118 ft
934 GRAND AVE	LAUREL H LEIN ERIC M LEIN	APARTMENTS 20-49 RENTAL UNITS	$2,971,300	127 ft
60 MILTON ST S	60 MILTON, LLC	APARTMENTS 4-6 RENTAL UNITS	$960,600	137 ft
940 GRAND AVE	JESSIE H ZHANG	MIXED RESID/COMMERCIAL	$626,000	174 ft
908 GRAND AVE	LAUREL H LEIN ERIC M LEIN	APARTMENTS 20-49 RENTAL UNITS	$3,087,600	187 ft
925 GRAND AVE	REALTY INCOME PROPERTIES 3 LLC	CONVENIENCE STORE	$2,129,900	194 ft
923 LINCOLN AVE	ANN MELINDA MAHER TR	CONDO	$360,300	211 ft
925 LINCOLN AVE	LYNNE ANNE JOHNSON	CONDO	$343,800	211 ft

Property History

Most Recent Sale

Date2021-05-20

Price$1,025,000

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.