1947 GRAND AVE

PID: 042823320041· 2 fields stubbed (see below)

Property Overview

Parcel ID042823320041

Lot Size7,405 sq ft (0.170 ac)

Lot Dimensions (est.)50 ft wide × 149 ft deep

Year Built1939

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerSAINT THOMAS APARTMENTS LLC

Assessed Value$1,972,400

Land Value$400,000

Building Value$1,572,400

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

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 width40 ft

Buildable depth109 ft

Area~1,018 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 sfr / adu benchmarks for 1,018 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1941 GRAND AVE	JUDITH ANN THOMAS	SMALL (UNDER 10,000 SF) DET. RETAIL	$780,700	47 ft
1963 GRAND AVE	BENEGAS PROPERTIES, LLC	THREE FAMILY DWELLING, PLATTED LOT	$1,356,800	99 ft
44 PRIOR AVE S	JAMES R KRAWETZ	SINGLE FAMILY DWELLING, PLATTED LOT	$458,700	170 ft
36 PRIOR AVE S	THOMAS LOCKNER TINA LOCKNER	SINGLE FAMILY DWELLING, PLATTED LOT	$467,900	170 ft
1944 SUMMIT AVE	JODY NEUMAN AAMLIE CRAIG AAMLIE	SINGLE FAMILY DWELLING, PLATTED LOT	$656,500	196 ft
1950 SUMMIT AVE	LARRY D STARNS MARY BETH CARLSON STARNS	SINGLE FAMILY DWELLING, PLATTED LOT	$776,500	201 ft
1931 GRAND AVE	JUDITH ANN THOMAS	TWO FAMILY DWELLING - UP/DWN	$413,400	213 ft
1954 SUMMIT AVE	KATE BAXTER-KAUF MICHAEL BAXTER-KAUF	SINGLE FAMILY DWELLING, PLATTED LOT	$631,400	219 ft
1967 GRAND AVE	3745 MINNEHAHA, LLC	APARTMENTS 20-49 RENTAL UNITS	$2,150,700	222 ft
1940 GRAND AVE	1940 GRAND LLC	APARTMENTS 7-19 RENTAL UNITS	$1,533,300	232 ft

Property History

Most Recent Sale

Date2024-01-30

Price$2,600,000

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.