1845 PORTLAND AVE

PID: 042823240107· 2 fields stubbed (see below)

Property Overview

Parcel ID042823240107

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)41 ft wide × 149 ft deep

Year Built1923

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerPETER J SCHUMACHER

Assessed Value$781,600

Land Value$80,000

Building Value$701,600

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 2017 · $44K total declared value · Most recent: Jan 2017 (mechanical)

MechanicalJan 2017Finaled

$22K

DAVID SMITH ST PAUL PLBG & HTG CO - MSP PLBG

MechanicalJan 2017Finaled

$22K

DAVID SMITH ST PAUL PLBG & HTG CO - MSP PLBG

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

Neighborhood Profile

Union Park District Council · Saint Paul

Median reported rent1,251/mo

Renter-occupied43.3%

Median home value$433K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 350

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 width31 ft

Buildable depth109 ft

Area~37 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 37 sqft buildable area.

Est. units

Yield on cost

10.3%

Spread

+4.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1837 PORTLAND AVE	SCOTT KOK	TWO FAMILY DWELLING - UP/DWN	$461,400	40 ft
1849 PORTLAND AVE	MOJO 1849 LLC	APARTMENTS 4-6 RENTAL UNITS	$840,100	44 ft
1835 PORTLAND AVE	BRIAN HAYDON RACHEL HAYDON	THREE FAMILY DWELLING, PLATTED LOT	$612,400	85 ft
1831 PORTLAND AVE	RFP PROPERTIES LLC	APARTMENTS 7-19 RENTAL UNITS	$986,000	135 ft
1855 PORTLAND AVE	BRENDAN GOLDFARB	APARTMENTS 4-6 RENTAL UNITS	$814,200	158 ft
1842 ASHLAND AVE	KARI LEON-IRANI	APARTMENTS 4-6 RENTAL UNITS	$582,000	171 ft
1838 ASHLAND AVE	DANIEL J LUKE LAURIE J STERN	SINGLE FAMILY DWELLING, PLATTED LOT	$357,700	175 ft
1848 ASHLAND AVE	RED TREE PROPERTIES LLC	APARTMENTS 4-6 RENTAL UNITS	$843,300	177 ft
1836 ASHLAND AVE	WILLIAM T STEWART III CATHERINE M GILLIGAN	SINGLE FAMILY DWELLING, PLATTED LOT	$416,000	188 ft
1823 PORTLAND AVE	GRAND PORTLAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,072,100	193 ft

Property History

Most Recent Sale

Date1993-12-01

Price$180,000

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.