1962 GRAND AVE

PID: 042823320061· 2 fields stubbed (see below)

Property Overview

Parcel ID042823320061

Lot Size12,197 sq ft (0.270 ac)

Lot Dimensions (est.)80 ft wide × 153 ft deep

Year Built1925

Property ClassAPARTMENTS 20-49 RENTAL UNITS

Owner3745 MINNEHAHA, LLC

Assessed Value$2,150,700

Land Value$400,000

Building Value$1,750,700

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 2016 · $2K total declared value · Most recent: Nov 2016 (warm air, ventilation & general sheet)

Warm Air, Ventilation & General SheetNov 2016Active/Issued

$2K

JACKSON & ASSOCIATES LLC

Building PermitNov 2016Active/Issued

—

JACKSON & ASSOCIATES LLC

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 width70 ft

Buildable depth113 ft

Area~4,281 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 4,281 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1968 GRAND AVE	MICHAEL B JOHNSON	TWO FAMILY DWELLING - SIDE/SIDE	$977,100	60 ft
1954 GRAND AVE	FREDERICK W THORNE III	APARTMENTS 20-49 RENTAL UNITS	$2,460,100	77 ft
1972 GRAND AVE	NOAH GAGNER	SINGLE FAMILY DWELLING, PLATTED LOT	$449,900	100 ft
1950 GRAND AVE	SUELLEN W BUELOW	SINGLE FAMILY DWELLING, PLATTED LOT	$356,800	135 ft
1974 GRAND AVE	NICHOLAS A KEREAKOS TR CAROLYN A FAIRBANKS TR	SINGLE FAMILY DWELLING, PLATTED LOT	$615,600	140 ft
1965 LINCOLN AVE	ALBATROSS ONE LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$393,500	172 ft
1963 LINCOLN AVE	JEFFREY R RIVERA THERESE M MARTIN RIVERA	SINGLE FAMILY DWELLING, PLATTED LOT	$468,800	172 ft
1957 LINCOLN AVE	MARCUS CANNON	SINGLE FAMILY DWELLING, PLATTED LOT	$344,100	180 ft
1971 LINCOLN AVE	NICHOLAS BOETTCHER RACHEL BOETTCHER	SINGLE FAMILY DWELLING, PLATTED LOT	$520,400	180 ft
1980 GRAND AVE	MAJA LLC	TWO FAMILY DWELLING - SIDE/SIDE	$973,700	181 ft

Property History

Most Recent Sale

Date2022-09-28

Price$2,225,000

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.