1985 GRAND AVE

PID: 042823320034· 2 fields stubbed (see below)

Property Overview

Parcel ID042823320034

Lot Size9,148 sq ft (0.200 ac)

Lot Dimensions (est.)61 ft wide × 151 ft deep

Year Built1926

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerMS FAMILY PROPERTIES (B) LP

Assessed Value$2,077,000

Land Value$400,000

Building Value$1,677,000

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

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

Macalester Groveland Community Council · Saint Paul

Median reported rent1,151/mo

Renter-occupied43.9%

Median home value$510K

Vacancy rate22.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 349

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 width51 ft

Buildable depth111 ft

Area~2,119 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 2,119 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1979 GRAND AVE	MICHAEL W RUDH KATHLEEN L RUDH	SINGLE FAMILY DWELLING, PLATTED LOT	$399,400	54 ft
1991 GRAND AVE	INVESTMENT LLC	APARTMENTS 4-6 RENTAL UNITS	$855,800	54 ft
1995 GRAND AVE	1995 GRAND LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$419,700	99 ft
1977 GRAND AVE	ST PAULS OUTREACH INC	RES/EXEMPT SINGLE FAMILY DWELLING	$540,300	104 ft
1997 GRAND AVE	DIANN L CLENDENING	SINGLE FAMILY DWELLING, PLATTED LOT	$311,600	143 ft
1967 GRAND AVE	3745 MINNEHAHA, LLC	APARTMENTS 20-49 RENTAL UNITS	$2,150,700	178 ft
1988 SUMMIT AVE	JAMIE K FLOHR	SINGLE FAMILY DWELLING, PLATTED LOT	$735,400	195 ft
2003 GRAND AVE	PERGOLA LLC	APARTMENTS 7-19 RENTAL UNITS	$1,015,400	197 ft
1982 SUMMIT AVE	MELISA GESICK TR	SINGLE FAMILY DWELLING, PLATTED LOT	$786,600	202 ft
1990 GRAND AVE	SUSIE PARK	TOWNHOME - OUTER UNIT	$494,800	207 ft

Property History

Most Recent Sale

Date2018-06-20

Price$2,058,000

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.