123 LEXINGTON PKWY S 2

PID: 032823440002· 2 fields stubbed (see below)

Property Overview

Parcel ID032823440002

Lot Size871 sq ft (0.470 ac)

Lot Dimensions (est.)129 ft wide × 7 ft deep

Year Built1921

Property ClassRESIDENTIAL CO-OP

OwnerPLAZA APARTMENT ASSOCIATION COOP

Assessed Value$115,400

Land Value$20,000

Building Value$95,400

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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

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 width119 ft

Buildable depth0 ft

Area~10,651 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 5-over-1 podium (12–50 units) benchmarks for 10,651 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value
123 LEXINGTON PKWY S 1	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$115,400
123 LEXINGTON PKWY S	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$21,200
127 LEXINGTON PKWY S 1	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$115,400
125 LEXINGTON PKWY S 3	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$129,800
123 LEXINGTON PKWY S 4	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$115,400
127 LEXINGTON PKWY S 3	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$115,400
127 LEXINGTON PKWY S C	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$61,800
125 LEXINGTON PKWY S 1	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$129,800
125 LEXINGTON PKWY S 2	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$129,800
127 LEXINGTON PKWY S 4	PLAZA APARTMENT ASSOCIATION COOP	RESIDENTIAL CO-OP	$115,400

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.