1516 GRAND AVE

PID: 032823320034· 2 fields stubbed (see below)

Property Overview

Parcel ID032823320034

Lot Size7,405 sq ft (0.170 ac)

Lot Dimensions (est.)50 ft wide × 148 ft deep

Year Built1922

Property ClassAPARTMENTS 7-19 RENTAL UNITS

Owner1516 GRAND LLC

Assessed Value$943,300

Land Value$180,000

Building Value$763,300

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

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 width40 ft

Buildable depth108 ft

Area~1,039 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 1,039 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1510 GRAND AVE	KEVIN FINLEY	SINGLE FAMILY DWELLING, PLATTED LOT	$316,100	50 ft
1506 GRAND AVE	1506 GRAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,052,400	99 ft
1522 GRAND AVE	MACALESTER COLLEGE	MIXED RESID/COMMERCIAL	$1,239,100	118 ft
1504 GRAND AVE	REZA POUR ALIZADEH	TWO FAMILY DWELLING - UP/DWN	$335,400	149 ft
1517 LINCOLN AVE	JAMES L FORMAN KAREN A FORMAN	SINGLE FAMILY DWELLING, PLATTED LOT	$639,900	170 ft
1528 GRAND AVE	1528 GRAND LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$562,500	175 ft
1515 LINCOLN AVE	STEPHEN K SCHELE CAROL G LANGE	SINGLE FAMILY DWELLING, PLATTED LOT	$604,200	177 ft
1509 LINCOLN AVE	ISAAC STUART EMERALD THOLE	SINGLE FAMILY DWELLING, PLATTED LOT	$681,600	197 ft
1498 GRAND AVE	SCOTT R SPICER TR ROBYN SPICER TR	SINGLE FAMILY DWELLING, PLATTED LOT	$408,600	199 ft
1527 LINCOLN AVE	THOMAS C BRYSON HEIDI A BRYSON	SINGLE FAMILY DWELLING, PLATTED LOT	$1,153,000	221 ft

Property History

Most Recent Sale

Date2021-09-17

Price$1,125,000

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.