1492 PORTLAND AVE 2

PID: 032823230059· 2 fields stubbed (see below)

Property Overview

Parcel ID032823230059

Lot Size17,424 sq ft (0.400 ac)

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

Year Built1936

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerCLYDE CUTTING ANDREA CUTTING

Assessed Value$939,500

Land Value$80,000

Building Value$859,500

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

10 permits on record since 2018 · $96K total declared value · Most recent: Oct 2023 (electrical)

ElectricalOct 2023Finaled

$4K

VIOLET SWANSON Randy's Electric

Building PermitFeb 2023Finaled

$5K

ALL ENERGY SOLAR INC

ElectricalFeb 2023Finaled

$4K

ALL ENERGY SOLAR INC

Building PermitOct 2022Finaled

$55K

COLLEEN LESEDI

ElectricalSep 2022Finaled

$16K

VIOLET SWANSON Randy's Electric

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

Neighborhood Profile

Union Park District Council · Saint Paul

Median reported rent1,154/mo

Renter-occupied43.2%

Median home value$467K

Vacancy rate9.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 352

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 width122 ft

Buildable depth92 ft

Area~6,219 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 3-story wood frame (5–12 units) benchmarks for 6,219 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1500 PORTLAND AVE	CRAIG R MILLER ROBERT J MILLER	APARTMENTS 4-6 RENTAL UNITS	$557,500	108 ft
1493 SUMMIT AVE	JOSEPHINE M OGARA STEPHEN HUDDLESTON	SINGLE FAMILY DWELLING, PLATTED LOT	$1,291,400	164 ft
1466 PORTLAND AVE	BETHEL CHRISTIAN FELLOWSHIP	EXEMPT, CHURCH, PUBLIC WORSHIP, PRIV	$3,019,700	191 ft
1489 SUMMIT AVE	DIWAKAR GUPTA TR LARA M PEDERSEN TR	SINGLE FAMILY DWELLING, PLATTED LOT	$677,400	215 ft
1491 PORTLAND AVE	AVE MARIA LLC	APARTMENTS 7-19 RENTAL UNITS	$1,925,800	215 ft
1508 PORTLAND AVE	NEW CASTLE LLC	APARTMENT MISC IMPROVEMENT	$127,700	217 ft
1514 PORTLAND AVE	NEW CASTLE LLC	APARTMENTS 4-6 RENTAL UNITS	$982,800	220 ft
1499 PORTLAND AVE	PETER OPATRNY DENISE STEGMANN	SINGLE FAMILY DWELLING, PLATTED LOT	$607,300	228 ft
1485 PORTLAND AVE	PORTLAND AVENUE PROPERTIES LLC	APARTMENTS 4-6 RENTAL UNITS	$840,100	232 ft
1487 SUMMIT AVE	DALE R NEUMANN SHERAN A NEUMANN	SINGLE FAMILY DWELLING, PLATTED LOT	$788,200	246 ft

Property History

Most Recent Sale

Date2021-06-25

Price$900,000

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.