2040 GRAND AVE

PID: 042823320046· 2 fields stubbed (see below)

Property Overview

Parcel ID042823320046

Lot Size10,454 sq ft (0.250 ac)

Lot Dimensions (est.)74 ft wide × 141 ft deep

Year Built1926

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerDADDERS ESTATES LLC

Assessed Value$1,924,300

Land Value$280,000

Building Value$1,644,300

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

2 permits on record since 2018 · $37K total declared value · Most recent: Aug 2018 (mechanical)

MechanicalAug 2018Active/Issued

$28K

BRUCE NELSON BRUCE NELSON PLBG & HTG SERVICE INC

MechanicalAug 2018Active/Issued

$9K

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 rent1,151/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 width64 ft

Buildable depth101 ft

Area~3,609 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 3-story wood frame (5–12 units) benchmarks for 3,609 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2044 GRAND AVE	LEVEL 10 MANAGEMENT	APARTMENTS 4-6 RENTAL UNITS	$1,391,700	60 ft
2028 GRAND AVE	2028 GRAND CO LP	APARTMENTS 20-49 RENTAL UNITS	$2,050,000	102 ft
2050 GRAND AVE	GRAND AND CLEVELAND LLC	AUTO DEALER AND SERVICE CTR	$782,600	139 ft
2043 LINCOLN AVE	COLIN ANDREW PERKINS TR JESSICA MARGARET PERKINS TR	SINGLE FAMILY DWELLING, PLATTED LOT	$488,300	170 ft
2039 LINCOLN AVE	HAPPYDALE LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$374,400	173 ft
2047 LINCOLN AVE	GRAEME G WEBSTER CATHERINE P WEBSTER	SINGLE FAMILY DWELLING, PLATTED LOT	$640,100	178 ft
2035 LINCOLN AVE	DAVID B REDMOND WENDY COLES	SINGLE FAMILY DWELLING, PLATTED LOT	$455,800	183 ft
2020 GRAND AVE	EUGENE J KLEE SARA H KLEE	SINGLE FAMILY DWELLING, PLATTED LOT	$306,100	187 ft
2049 LINCOLN AVE	2049 LINCOLN AVENUE LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$459,400	194 ft
2031 LINCOLN AVE	KENT R DIASABEYGUNAWARDENA AMY A DIASABEYGUNAWARDENA	SINGLE FAMILY DWELLING, PLATTED LOT	$764,600	202 ft

Property History

Most Recent Sale

Date2020-12-30

Price$2,016,000

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.