1560 PORTLAND AVE

PID: 032823230131· 3 fields stubbed (see below)

Property Overview

Parcel ID032823230131

Lot Size14,375 sq ft (0.320 ac)

Lot Dimensions (est.)81 ft wide × 85 ft deep

Year Built—(stub)

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerJAGER REAL ESTATE HOLDINGS LLC

Assessed Value$1,123,900

Land Value$140,000

Building Value$983,900

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

17 permits on record since 2019 · $898K total declared value · Most recent: Nov 2023 (fence)

FenceNov 2023Finaled

$4K

KELLER RESIDENTIAL INC

ElectricalNov 2020Finaled

$300

ACCREDITED ELECTRICAL SOLUTIONS LLC

Fire EngineeringFeb 2020Finaled

—

Olympic Communications Inc

ElectricalFeb 2020Finaled

$2K

Olympic Communications Inc

Fire EngineeringOct 2019Finaled

—

Jennifer Yaritz GENERAL SPRINKLER CORP

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 width71 ft

Buildable depth45 ft

Area~3,695 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 3,695 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
1552 PORTLAND AVE	SEAN M REGAN JULIE R REGAN	TWO FAMILY DWELLING - SIDE/SIDE	$546,700	71 ft
1572 PORTLAND AVE	MPLP MIDWAY LLC	APARTMENTS 7-19 RENTAL UNITS	$1,342,300	94 ft
1546 PORTLAND AVE	MIHAIL CHANGALOV	TWIN HOME	$474,900	122 ft
1544 PORTLAND AVE	DAVID DRUEDING SUSAN STABILE	TWIN HOME	$555,300	148 ft
1576 PORTLAND AVE	1576 PORTLAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,342,300	152 ft
1542 PORTLAND AVE	ALAN L BLOCK	SINGLE FAMILY DWELLING, PLATTED LOT	$568,400	186 ft
1567 SUMMIT AVE	HELLA L LANGE TR	TWO RESIDENCES ON ONE PARCEL	$1,315,700	199 ft
1559 SUMMIT AVE	ARI J WARSHAWSKY SUSANNE M MURPHY	SINGLE FAMILY DWELLING, PLATTED LOT	$932,300	202 ft
1563 PORTLAND AVE	THERESA M NELSON JACK D NELSON	SINGLE FAMILY DWELLING, PLATTED LOT	$510,200	202 ft
1559 PORTLAND AVE	MARGARET M LINDORFER	SINGLE FAMILY DWELLING, PLATTED LOT	$350,800	203 ft

Property History

Most Recent Sale

Date2013-04-01

Price$330,500

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount, yearBuilt. See README for details on which sources are live vs. stubbed.