1787 GRAND AVE

PID: 042823420026· 2 fields stubbed (see below)

Property Overview

Parcel ID042823420026

Lot Size16,117 sq ft (0.370 ac)

Lot Dimensions (est.)80 ft wide × 202 ft deep

Year Built1960

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerX9 2 LLC

Assessed Value$2,143,300

Land Value$360,000

Building Value$1,783,300

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

3 permits on record since 2021 · $35K total declared value · Most recent: Aug 2022 (mechanical)

MechanicalAug 2022Finaled

$34K

RICHARD PETERSON CITIES 1 PLUMBING AND HEATING INC

MechanicalAug 2022Finaled

$1K

RICHARD PETERSON CITIES 1 PLUMBING AND HEATING INC

Building PermitJun 2021Finaled

—

Mr. Daniel Tousignant Allan Dorney Construction, 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 rent1,207/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 width70 ft

Buildable depth162 ft

Area~6,425 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 6,425 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
1775 GRAND AVE	X9 LLC	APARTMENTS 7-19 RENTAL UNITS	$1,923,800	85 ft
1769 GRAND AVE	1769 GRAND AVE LLC	TWO FAMILY DWELLING - UP/DWN	$607,600	155 ft
30 FAIRVIEW AVE S	GRAND ST PAUL CVS LLC	MEDIUM DETACHED RETAIL	$4,712,100	160 ft
1788 SUMMIT AVE	ROBERT J SCHESTAK MARYILN C AMPE SCHESTAK	SINGLE FAMILY DWELLING, PLATTED LOT	$1,206,500	193 ft
1774 SUMMIT AVE	RICHARD A MESSINA CATHERINE J MESSINA	SINGLE FAMILY DWELLING, PLATTED LOT	$719,300	204 ft
1798 SUMMIT AVE	1798 SUMMIT LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$825,600	210 ft
1759 GRAND AVE	MS FAMILY PROPERTIES (A) LP	APARTMENTS 7-19 RENTAL UNITS	$2,326,500	232 ft
1800 SUMMIT AVE	ALISON KHAN	SINGLE FAMILY DWELLING, PLATTED LOT	$753,400	239 ft
1770 SUMMIT AVE	ANNE F GEISSER	SINGLE FAMILY DWELLING, PLATTED LOT	$608,300	242 ft
1788 GRAND AVE	MS FAMILY PROPERTIES (B) LP	APARTMENTS 20-49 RENTAL UNITS	$2,575,000	257 ft

Property History

Most Recent Sale

Date2024-12-03

Price$2,200,000

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.