227 MONTROSE PL

PID: 052823120117· 2 fields stubbed (see below)

Property Overview

Parcel ID052823120117

Lot Size11,326 sq ft (0.240 ac)

Lot Dimensions (est.)158 ft wide × 72 ft deep

Year Built1941

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerTHORNE PROPERTIES

Assessed Value$1,960,200

Land Value$400,000

Building Value$1,560,200

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

Union Park District Council · Saint Paul

Median reported rent973/mo

Renter-occupied46.1%

Median home value$576K

Vacancy rate14.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 430.02

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 width148 ft

Buildable depth32 ft

Area~3,354 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 3,354 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
221 MONTROSE PL	RE SUCCESS VII LLC GREGORY HECK	APARTMENTS 7-19 RENTAL UNITS	$1,116,700	61 ft
2294 MARSHALL AVE	FREDERICK W THORNE III	APARTMENTS 7-19 RENTAL UNITS	$1,018,600	67 ft
217 MONTROSE PL	GERALDINE M PATTERSON	SINGLE FAMILY DWELLING, PLATTED LOT	$372,900	114 ft
203 MONTROSE PL	EDWARD PIECHOWSKI SEAN RYAN	SINGLE FAMILY DWELLING, PLATTED LOT	$537,200	165 ft
222 OTIS AVE	222 OTIS LLC	APARTMENTS 7-19 RENTAL UNITS	$1,278,400	170 ft
2320 MARSHALL AVE	EAST RIVER DEVELOPMENT LLC	APARTMENTS 20-49 RENTAL UNITS	$8,529,100	183 ft
220 MONTROSE PL	MARX W SWANHOLM	SINGLE FAMILY DWELLING, PLATTED LOT	$531,700	211 ft
234 MONTROSE PL	RIVERVIEW TERRACE APARTMENTS LLC	APARTMENTS 7-19 RENTAL UNITS	$1,462,500	212 ft
201 MONTROSE PL	WILLIAM FRANK SCHMALSTIEG	SINGLE FAMILY DWELLING, PLATTED LOT	$715,100	216 ft
202 OTIS AVE	202 OTIS LLC	APARTMENTS 20-49 RENTAL UNITS	$3,075,200	221 ft

Property History

Most Recent Sale

Date2006-03-15

Price$118,750

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.