1406 GRAND AVE

PID: 032823310106· 2 fields stubbed (see below)

Property Overview

Parcel ID032823310106

Lot Size12,197 sq ft (0.280 ac)

Lot Dimensions (est.)80 ft wide × 153 ft deep

Year Built1926

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerGREY CLOUD GI LLC

Assessed Value$750,000

Land Value$120,000

Building Value$630,000

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 · $5K total declared value · Most recent: May 2020 (plumbing)

PlumbingMay 2020Finaled

$5K

DAVID KERR TWIN CITY PIPEWORKS

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

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 width70 ft

Buildable depth113 ft

Area~4,372 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 4,372 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
51 ALBERT ST S	HUNG SENG LLC	TWO FAMILY DWELLING - UP/DWN	$542,200	60 ft
1414 GRAND AVE	DANIEL J WITUCKI	THREE FAMILY DWELLING, PLATTED LOT	$359,600	60 ft
1416 GRAND AVE	CATHEXIS GROUP LLC	SMALL (UNDER 10,000 SF) DET. RETAIL	$713,500	100 ft
1422 GRAND AVE	TERESA BOYER	SINGLE FAMILY DWELLING, PLATTED LOT	$447,500	140 ft
1396 GRAND AVE	JOHN G PORTER TR DIANE M PORTER TR	SINGLE FAMILY DWELLING, PLATTED LOT	$406,500	163 ft
1411 LINCOLN AVE	KIRBY J SMITH JEANNA M SMITH	SINGLE FAMILY DWELLING, PLATTED LOT	$930,400	171 ft
1403 LINCOLN AVE	SAMUEL NOLLEY MAUREEN OBRIEN	SINGLE FAMILY DWELLING, PLATTED LOT	$789,000	177 ft
1426 GRAND AVE	JONATHAN KROHNFELDT	SINGLE FAMILY DWELLING, PLATTED LOT	$426,400	179 ft
1415 LINCOLN AVE	THOMAS E KLEIN SHANNON M BEAUDIN KLEIN	SINGLE FAMILY DWELLING, PLATTED LOT	$648,500	188 ft
1394 GRAND AVE	YUKO TANIGUCHI JEREMY D ANDERSON	SINGLE FAMILY DWELLING, PLATTED LOT	$422,000	207 ft

Property History

Most Recent Sale

Date2010-08-04

Price$399,650

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.