25 WHEELER ST S

PID: 042823420022· 2 fields stubbed (see below)

Property Overview

Parcel ID042823420022

Lot Size9,148 sq ft (0.220 ac)

Lot Dimensions (est.)136 ft wide × 67 ft deep

Year Built1956

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerJNB INVESTMENTS LLC

Assessed Value$1,167,000

Land Value$220,000

Building Value$947,000

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 rent1,207/mo

Renter-occupied37.6%

Median home value$519K

Vacancy rate5.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 351

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 width126 ft

Buildable depth27 ft

Area~2,978 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 2,978 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1745 GRAND AVE	LINN PROPERTY DEVELOPMENT LLC	SMALL (UNDER 10,000 SF) DET. RETAIL	$1,957,500	101 ft
1740 SUMMIT AVE	DANIEL SCOTT SEON KYUNG SCOTT	SINGLE FAMILY DWELLING, PLATTED LOT	$927,500	132 ft
1750 SUMMIT AVE	JOYCE A ROESLER BRENT ROESLER	SINGLE FAMILY DWELLING, PLATTED LOT	$1,339,800	136 ft
1759 GRAND AVE	MS FAMILY PROPERTIES (A) LP	APARTMENTS 7-19 RENTAL UNITS	$2,326,500	137 ft
24 WHEELER ST S	SEAN M RYAN	SINGLE FAMILY DWELLING, PLATTED LOT	$395,100	176 ft
28 WHEELER ST S	STEPHAN P SHUBICK LINDA K BOOTHE	SINGLE FAMILY DWELLING, PLATTED LOT	$392,300	180 ft
1760 SUMMIT AVE	PAUL PADRATZIK DEBRA ASPLUND	SINGLE FAMILY DWELLING, PLATTED LOT	$1,006,100	180 ft
32 WHEELER ST S	DONALD BRENNER LINDA OLSHESKA BRENNER	SINGLE FAMILY DWELLING, PLATTED LOT	$387,100	197 ft
1769 GRAND AVE	1769 GRAND AVE LLC	TWO FAMILY DWELLING - UP/DWN	$607,600	208 ft
1732 SUMMIT AVE	STEVEN D LADWIG JODI L LADWIG	SINGLE FAMILY DWELLING, PLATTED LOT	$837,200	209 ft

Property History

Most Recent Sale

Date2021-10-08

Price$1,375,000

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.