45 LEXINGTON PKWY S

PID: 032823410018· 2 fields stubbed (see below)

Property Overview

Parcel ID032823410018

Lot Size12,197 sq ft (0.270 ac)

Lot Dimensions (est.)160 ft wide × 76 ft deep

Year Built1915

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerTJT PROPERTIES LLC

Assessed Value$2,375,900

Land Value$380,000

Building Value$1,995,900

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

2 permits on record since 2019 · $9K total declared value · Most recent: Nov 2019 (electrical)

ElectricalNov 2019Finaled

$600

Mr. TERRY HARMON DEPENDABLE ELECTRIC INC

Building PermitNov 2019Inspected

$8K

MALLEY NICK N MALLEY CONSTRUCTION INC

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

Neighborhood Profile

Summit Hill Association · Saint Paul

Median reported rent1,149/mo

Renter-occupied40.7%

Median home value$426K

Vacancy rate7.2%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 353

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 width150 ft

Buildable depth36 ft

Area~3,980 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 3,980 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
35 LEXINGTON PKWY S	LEXINGTON HOUSE LLC	APARTMENTS 7-19 RENTAL UNITS	$2,159,600	73 ft
1119 GRAND AVE	CRAIG G ARVIDSON	MEDICAL CLINIC	$879,400	111 ft
1108 GRAND AVE	MACALESTER COLLEGE	MIXED RESID/COMMERCIAL	$1,294,600	141 ft
1100 GRAND AVE	1100 GRAND AVENUE LLC	MIXED RETAIL/COMMERCIAL	$1,118,300	153 ft
1123 GRAND AVE	TAEGAM ENTERPRISES LLC	OFFICE BUILDING 1-2 STORIES	$697,200	154 ft
0 GRAND AVE	GRAND & LEXINGTON LLC	COMMERCIAL VACANT LAND	$195,000	191 ft
1129 GRAND AVE	CENTER FOR GRIEF	EXEMPT, WELFARE/CHARIT FACILITY	$650,000	193 ft
1114 GRAND AVE	SHERIDAN GRAND PROPERTIES LLC	OFFICE BUILDING 1-2 STORIES	$597,600	204 ft
1099 GRAND AVE	CSM INVESTORS INC	SMALL (UNDER 10,000 SF) DET. RETAIL	$2,416,400	212 ft
1120 GRAND AVE	1120 GRAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,086,500	220 ft

Property History

Most Recent Sale

Date2020-02-18

Price$2,582,000

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.