61 ST ALBANS ST S

PID: 022823410161· 2 fields stubbed (see below)

Property Overview

Parcel ID022823410161

Lot Size20,909 sq ft (0.200 ac)

Lot Dimensions (est.)121 ft wide × 173 ft deep

Year Built1904

Property ClassAPARTMENTS 7-19 RENTAL UNITS

Owner61 ST ALBANS LLC

Assessed Value$1,428,500

Land Value$160,000

Building Value$1,268,500

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

1 permit on record since 2015 · $6K total declared value · Most recent: Sep 2015 (building permit)

Building PermitSep 2015Inspected

$6K

BARBARA FRITZ

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 width111 ft

Buildable depth133 ft

Area~2,632 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 2,632 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
682 GRAND AVE	682 GRAND AVE LLC	APARTMENTS 20-49 RENTAL UNITS	$2,415,900	75 ft
694 GRAND AVE	ABE APPERT	APARTMENTS 4-6 RENTAL UNITS	$738,000	89 ft
696 GRAND AVE	696 GRAND LLC	APARTMENTS 7-19 RENTAL UNITS	$675,400	126 ft
687 LINCOLN AVE	CHARLES MCGOUGH KACY MCGOUGH	SINGLE FAMILY DWELLING, PLATTED LOT	$771,200	132 ft
691 LINCOLN AVE	NILGUN Y TUNA	SINGLE FAMILY DWELLING, PLATTED LOT	$387,600	138 ft
681 LINCOLN AVE	ANNA MAE KIEL MARTIN GRAHAM MARTIN	TWO FAMILY DWELLING - UP/DWN	$669,200	138 ft
695 LINCOLN AVE	EMILY KOTZ ANDREW KOTZ	SINGLE FAMILY DWELLING, PLATTED LOT	$735,300	154 ft
66 ST ALBANS ST S	SETH C HAWKINS	SINGLE FAMILY DWELLING, PLATTED LOT	$353,600	168 ft
62 ST ALBANS ST S A	ETTORE GIAMBETTI	CONDO	$327,800	170 ft
62 ST ALBANS ST S B	CARLA J HAGEN LEROY N SORENSON	CONDO	$327,800	170 ft

Property History

Most Recent Sale

Date2019-08-30

Price$1,615,000

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.