1576 PORTLAND AVE

PID: 032823230133· 2 fields stubbed (see below)

Property Overview

Parcel ID032823230133

Lot Size6,970 sq ft (0.150 ac)

Lot Dimensions (est.)52 ft wide × 133 ft deep

Year Built1921

Property ClassAPARTMENTS 7-19 RENTAL UNITS

Owner1576 PORTLAND LLC

Assessed Value$1,342,300

Land Value$260,000

Building Value$1,082,300

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

1 permit on record since 2020 · $9K total declared value · Most recent: Oct 2020 (mechanical)

MechanicalOct 2020Inspected

$9K

RICHARD PETERSON CITIES 1 PLUMBING AND HEATING 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 width42 ft

Buildable depth93 ft

Area~1,084 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 sfr / adu benchmarks for 1,084 sqft buildable area.

Est. units

Yield on cost

1.8%

Spread

-3.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1572 PORTLAND AVE	MPLP MIDWAY LLC	APARTMENTS 7-19 RENTAL UNITS	$1,342,300	58 ft
1560 PORTLAND AVE	JAGER REAL ESTATE HOLDINGS LLC	APARTMENTS 7-19 RENTAL UNITS	$1,123,900	152 ft
45 SNELLING AVE N	NGKVIST LLC	MEDICAL CLINIC	$785,200	157 ft
56 SNELLING AVE N	REALTY INCOME PROPERTIES 3 LLC	CONVENIENCE STORE	$1,195,300	193 ft
1575 SUMMIT AVE	STEFAN BERTOG	SINGLE FAMILY DWELLING, PLATTED LOT	$1,197,000	206 ft
1590 PORTLAND AVE	MAXWELL BALTHAZAR THEORIE LAUREN ALEXANDRA COLE THEORIE	SINGLE FAMILY DWELLING, PLATTED LOT	$627,400	213 ft
1552 PORTLAND AVE	SEAN M REGAN JULIE R REGAN	TWO FAMILY DWELLING - SIDE/SIDE	$546,700	217 ft
1563 PORTLAND AVE	THERESA M NELSON JACK D NELSON	SINGLE FAMILY DWELLING, PLATTED LOT	$510,200	229 ft
1567 SUMMIT AVE	HELLA L LANGE TR	TWO RESIDENCES ON ONE PARCEL	$1,315,700	232 ft
1583 PORTLAND AVE	RITA ELIA CHAHLA	SINGLE FAMILY DWELLING, PLATTED LOT	$349,300	244 ft

Property History

Most Recent Sale

Date2022-02-10

Price$1,682,856

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.