35 LEXINGTON PKWY S

PID: 032823410019· 2 fields stubbed (see below)

Property Overview

Parcel ID032823410019

Lot Size12,197 sq ft (0.260 ac)

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

Year Built1915

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerLEXINGTON HOUSE LLC

Assessed Value$2,159,600

Land Value$380,000

Building Value$1,779,600

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

1 permit on record since 2020 · $35K total declared value · Most recent: Dec 2020 (mechanical)

MechanicalDec 2020Inspected

$35K

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

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~3,843 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 3,843 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
45 LEXINGTON PKWY S	TJT PROPERTIES LLC	APARTMENTS 7-19 RENTAL UNITS	$2,375,900	73 ft
1119 GRAND AVE	CRAIG G ARVIDSON	MEDICAL CLINIC	$879,400	110 ft
1123 GRAND AVE	TAEGAM ENTERPRISES LLC	OFFICE BUILDING 1-2 STORIES	$697,200	153 ft
1106 SUMMIT AVE	TROY BRAZELL MARK R MISLIVEC	SINGLE FAMILY W/ACCESSORY UNIT	$1,005,700	159 ft
1118 SUMMIT AVE	DAVID WILLIAM KANSAS	SINGLE FAMILY DWELLING, PLATTED LOT	$876,000	182 ft
1129 GRAND AVE	CENTER FOR GRIEF	EXEMPT, WELFARE/CHARIT FACILITY	$650,000	192 ft
1099 GRAND AVE	CSM INVESTORS INC	SMALL (UNDER 10,000 SF) DET. RETAIL	$2,416,400	212 ft
1108 GRAND AVE	MACALESTER COLLEGE	MIXED RESID/COMMERCIAL	$1,294,600	214 ft
1100 GRAND AVE	1100 GRAND AVENUE LLC	MIXED RETAIL/COMMERCIAL	$1,118,300	222 ft
28 LEXINGTON PKWY S	DERVAL FRANCIS HAYES	SINGLE FAMILY DWELLING, PLATTED LOT	$356,800	228 ft

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.