661 GRAND AVE

PID: 022823410028· 2 fields stubbed (see below)

Property Overview

Parcel ID022823410028

Lot Size7,405 sq ft (0.190 ac)

Lot Dimensions (est.)56 ft wide × 132 ft deep

Year Built1905

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerR AND M YACKLEY LLC

Assessed Value$1,373,900

Land Value$240,000

Building Value$1,133,900

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 2019 · $20K total declared value · Most recent: Nov 2019 (electrical)

ElectricalNov 2019Finaled

$300

Andre's Electric

MechanicalNov 2019Inspected

$10K

GREGORY PREUSSE FORCED AIR INC

MechanicalNov 2019Active/Issued

$10K

GREGORY PREUSSE FORCED AIR 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 rent1,151/mo

Renter-occupied49.5%

Median home value$404K

Vacancy rate10.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 358

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 width46 ft

Buildable depth92 ft

Area~1,633 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 small multifamily (2–4 units, wood frame) benchmarks for 1,633 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
657 GRAND AVE	21COMO LLC	APARTMENTS 7-19 RENTAL UNITS	$1,420,300	56 ft
669 GRAND AVE	PAUL ZENNER LORRI STEFFEN	APARTMENTS 7-19 RENTAL UNITS	$1,373,900	57 ft
653 GRAND AVE	THE SEEDLING CENTER LLC	OFFICE BUILDING 1-2 STORIES	$766,800	104 ft
42 ST ALBANS ST S 6B	MARQUITA OLESON	CONDO	$281,500	131 ft
30 ST ALBANS ST S 6A	GINA MARIE OLMSTEAD GROVER MAURICE GROVER	CONDO	$281,500	131 ft
42 ST ALBANS ST S 2B	KIRSTEN GRIMSTAD TR	CONDO	$281,500	131 ft
30 ST ALBANS ST S 2A	MARGARITA AROUTIUNIAN USITALO	CONDO	$281,500	131 ft
42 ST ALBANS ST S 4B	SUSAN K WEBERG	CONDO	$281,500	131 ft
30 ST ALBANS ST S 4A	MITRA VAHHAJI TR	CONDO	$281,500	131 ft
42 ST ALBANS ST S 1B	HILLARY B PARSONS	CONDO	$281,500	131 ft

Property History

Most Recent Sale

Date2002-08-01

Price$293,100

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.