1319 GRAND AVE

PID: 032823420008· 2 fields stubbed (see below)

Property Overview

Parcel ID032823420008

Lot Size9,583 sq ft (0.210 ac)

Lot Dimensions (est.)62 ft wide × 154 ft deep

Year Built1924

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerINVICTUS GRAND LLC

Assessed Value$1,096,700

Land Value$200,000

Building Value$896,700

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 · $35K total declared value · Most recent: Jun 2023 (electrical)

ElectricalJun 2023Active/Issued

$300

WAYPRO ELECTRIC LLC

Building PermitAug 2019Active/Issued

$35K

Michael Laurila MINT ROOFING INC

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 rent1,149/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 width52 ft

Buildable depth114 ft

Area~2,379 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 2,379 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1325 GRAND AVE	CASHILL SPAULDING PROPERTIES INC	APARTMENTS 7-19 RENTAL UNITS	$1,514,100	63 ft
1311 GRAND AVE	1311 GRAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,381,100	64 ft
1329 GRAND AVE	1329 GRAND AVE LLP	APARTMENTS 7-19 RENTAL UNITS	$1,374,200	125 ft
1305 GRAND AVE	GRAND ICONIC LLC	APARTMENTS 20-49 RENTAL UNITS	$2,077,100	129 ft
1335 GRAND AVE	CASHILL SPAULDING PROPERTIES INC	APARTMENTS 7-19 RENTAL UNITS	$1,311,300	185 ft
1299 GRAND AVE	GRAND ICONIC LLC	APARTMENTS 20-49 RENTAL UNITS	$1,967,700	191 ft
1300 SUMMIT AVE	MT ZION HEBREW CONGR	EXEMPT, CHURCH, PUBLIC WORSHIP, PRIV	$7,144,700	213 ft
1318 GRAND AVE	LAI T YEUNG CAROL J YEUNG	SINGLE FAMILY DWELLING, PLATTED LOT	$287,700	230 ft
1322 GRAND AVE	LAI T YEUNG CAROL J YEUNG	SINGLE FAMILY DWELLING, PLATTED LOT	$341,400	233 ft
1314 GRAND AVE	SAMUEL RILEY SHOEMAKER PAIGE ELIZABETH GECK	SINGLE FAMILY DWELLING, PLATTED LOT	$442,500	235 ft

Property History

Most Recent Sale

Date2020-11-02

Price$1,250,000

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.