1522 PORTLAND AVE

PID: 032823230126· 2 fields stubbed (see below)

Property Overview

Parcel ID032823230126

Lot Size16,553 sq ft (0.380 ac)

Lot Dimensions (est.)127 ft wide × 130 ft deep

Year Built1922

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerVINTAGE PORTLAND LLC

Assessed Value$5,748,900

Land Value$820,000

Building Value$4,928,900

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 2016 · $17K total declared value · Most recent: May 2024 (plumbing)

PlumbingMay 2024Finaled

$500

Mr ISAIAH COKER IKE'S PLUMBING & DRAIN CLEANING INC

Building PermitAug 2021Finaled

$10K

Nathan Mace MONTGOMERY BRINKMAN LLC

PlumbingNov 2016Finaled

$6K

JAYHAWK MECHANICAL INC

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 width117 ft

Buildable depth90 ft

Area~7,808 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 7,808 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
1536 PORTLAND AVE	VOLUNTEERS OF AMERICA IN MN	RES/EXEMPT SINGLE FAMILY DWELLING	$542,400	100 ft
1542 PORTLAND AVE	ALAN L BLOCK	SINGLE FAMILY DWELLING, PLATTED LOT	$568,400	152 ft
1544 PORTLAND AVE	DAVID DRUEDING SUSAN STABILE	TWIN HOME	$555,300	190 ft
1514 PORTLAND AVE	NEW CASTLE LLC	APARTMENTS 4-6 RENTAL UNITS	$982,800	190 ft
1508 PORTLAND AVE	NEW CASTLE LLC	APARTMENT MISC IMPROVEMENT	$127,700	192 ft
1525 SUMMIT AVE	SIMON JAMES KENNEDY KATHRYN D KENNEDY	SINGLE FAMILY DWELLING, PLATTED LOT	$1,330,200	205 ft
51 SARATOGA ST N	JC PROPERTY RENTALS LLC	TWO FAMILY DWELLING - UP/DWN	$575,400	211 ft
1531 PORTLAND AVE	FINNEGAN PROPERTIES LLC	APARTMENTS 4-6 RENTAL UNITS	$873,700	213 ft
1531 SUMMIT AVE	TIM RONNEBERG MELANIE RONNEBERG	SINGLE FAMILY DWELLING, PLATTED LOT	$1,038,000	215 ft
1546 PORTLAND AVE	MIHAIL CHANGALOV	TWIN HOME	$474,900	216 ft

Property History

Most Recent Sale

Date2020-12-18

Price$7,100,000

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.