1445 GRAND AVE

PID: 032823310088· 2 fields stubbed (see below)

Property Overview

Parcel ID032823310088

Lot Size9,148 sq ft (0.210 ac)

Lot Dimensions (est.)62 ft wide × 147 ft deep

Year Built1921

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerRICHARD D MCDERMOTT TR MICHAEL J ALBERT TR

Assessed Value$564,300

Land Value$80,000

Building Value$484,300

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

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

Macalester Groveland Community 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 width52 ft

Buildable depth107 ft

Area~2,404 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 2,404 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
1449 GRAND AVE	GROVE END TWO LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$449,400	51 ft
1439 GRAND AVE	GRAND PORTLAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,072,100	60 ft
1435 GRAND AVE	SOUTH METRO HUMAN SERVICES	EXEMPT, APARTMENT 4+ UNITS	$735,900	109 ft
1455 GRAND AVE	NEW HORIZON REAL ESTATE DEVELOPMENT LLP	DAYCARE CENTER	$2,426,200	111 ft
1429 GRAND AVE	M AND H PROPERTIES LLC	APARTMENTS 7-19 RENTAL UNITS	$1,195,400	158 ft
1446 SUMMIT AVE	KARI SCHROEDER TOM SCHROEDER	SINGLE FAMILY DWELLING, PLATTED LOT	$1,023,100	198 ft
1440 SUMMIT AVE	THOMAS D CLARK TR CLAUDIA F CLARK TR	SINGLE FAMILY DWELLING, PLATTED LOT	$1,230,200	199 ft
54 PASCAL ST S	LUCO LLC	TWO FAMILY DWELLING - UP/DWN	$296,100	211 ft
1425 GRAND AVE	M AND H PROPERTIES LLC	APARTMENTS 7-19 RENTAL UNITS	$1,108,800	218 ft
1434 SUMMIT AVE	PATRICIA REINFRANK	SINGLE FAMILY DWELLING, PLATTED LOT	$670,300	218 ft

Property History

Most Recent Sale

Date2025-01-24

Price—

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.