994 GRAND AVE

PID: 022823320021· 2 fields stubbed (see below)

Property Overview

Parcel ID022823320021

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)40 ft wide × 151 ft deep

Year Built1915

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerSHAWN W BENNETT

Assessed Value$738,000

Land Value$80,000

Building Value$658,000

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

1 permit on record since 2016 · $500 total declared value · Most recent: Mar 2016 (building permit)

Building PermitMar 2016Active/Issued

$500

Mr Christopher Zweber A VIVID LOOK

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 width30 ft

Buildable depth111 ft

Area~10 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 10 sqft buildable area.

Est. units

Yield on cost

11.1%

Spread

+5.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
998 GRAND AVE	AMETHYST GRAND LLC	APARTMENTS 4-6 RENTAL UNITS	$651,300	40 ft
990 GRAND AVE	DADDERS ESTATES LLC	APARTMENTS 4-6 RENTAL UNITS	$570,000	40 ft
1004 GRAND AVE	INFINITY CORPORATION	APARTMENTS 4-6 RENTAL UNITS	$694,600	79 ft
986 GRAND AVE	D BURNS LLC	COMMERCIAL VACANT LAND	$240,000	81 ft
1006 GRAND AVE	TIMOTHY FLOOD PATRICIA FLOOD	TWO FAMILY DWELLING - UP/DWN	$420,300	118 ft
982 GRAND AVE	D BURNS LLC	AUTOMOTIVE SERVICE STATION	$1,183,800	131 ft
1012 GRAND AVE	EGIDE RUZINDANA KRISTEN MARIE GAY	SINGLE FAMILY DWELLING, PLATTED LOT	$389,600	158 ft
997 LINCOLN AVE	JUSTIN L SPANIER JONNA M BJELLAND	SINGLE FAMILY DWELLING, PLATTED LOT	$473,600	172 ft
999 LINCOLN AVE	DAVID P SIMPSON CECILIA R KOTZ	SINGLE FAMILY DWELLING, PLATTED LOT	$732,400	175 ft
993 LINCOLN AVE	REX L FILSTRUP	SINGLE FAMILY DWELLING, PLATTED LOT	$384,400	176 ft

Property History

Most Recent Sale

Date2002-04-12

Price$310,000

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.