1293 GRAND AVE

PID: 032823420012· 2 fields stubbed (see below)

Property Overview

Parcel ID032823420012

Lot Size9,583 sq ft (0.220 ac)

Lot Dimensions (est.)65 ft wide × 147 ft deep

Year Built1925

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerGRAND ICONIC LLC

Assessed Value$2,077,100

Land Value$400,000

Building Value$1,677,100

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

3 permits on record since 2018 · $109K total declared value · Most recent: Sep 2018 (plumbing)

PlumbingSep 2018Finaled

$10K

BRUCE NELSON BRUCE NELSON PLBG & HTG SERVICE INC

MechanicalSep 2018Finaled

$89K

BRUCE NELSON BRUCE NELSON PLBG & HTG SERVICE INC

MechanicalSep 2018Finaled

$10K

BRUCE NELSON BRUCE NELSON PLBG & HTG SERVICE 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 width55 ft

Buildable depth107 ft

Area~2,701 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 2,701 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1299 GRAND AVE	GRAND ICONIC LLC	APARTMENTS 20-49 RENTAL UNITS	$1,967,700	63 ft
39 SYNDICATE ST S	SYNDICATE LLC	APARTMENTS 20-49 RENTAL UNITS	$7,871,700	82 ft
1305 GRAND AVE	GRAND ICONIC LLC	APARTMENTS 20-49 RENTAL UNITS	$2,077,100	125 ft
1311 GRAND AVE	1311 GRAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,381,100	190 ft
1294 GRAND AVE	GRAND AND SYNDICATE LLC	RESIDENTIAL, VACANT LAND, LOT	$171,300	230 ft
1290 GRAND AVE	GRAND ICONIC LLC	APARTMENTS 20-49 RENTAL UNITS	$1,967,700	234 ft
1296 GRAND AVE	CHARLES A BAUER STACY OPITZ	SINGLE FAMILY DWELLING, PLATTED LOT	$454,200	234 ft
1302 GRAND AVE	MARY F TAYLOR	SINGLE FAMILY DWELLING, PLATTED LOT	$290,400	246 ft
1280 GRAND AVE	GRAND ICONIC LLC	APARTMENTS 20-49 RENTAL UNITS	$1,967,700	252 ft
1319 GRAND AVE	INVICTUS GRAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,096,700	254 ft

Property History

Most Recent Sale

Date2011-05-01

Price$8,000,000

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.