2151 GRAND AVE

PID: 052823410086· 2 fields stubbed (see below)

Property Overview

Parcel ID052823410086

Lot Size19,166 sq ft (0.440 ac)

Lot Dimensions (est.)120 ft wide × 160 ft deep

Year Built1964

Property ClassEXEMPT, APARTMENT 4+ UNITS

OwnerUNIVERSITY OF ST THOMAS

Assessed Value$2,394,400

Land Value$340,000

Building Value$2,054,400

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

No permits found in Saint Paul open data for this parcel.

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 width110 ft

Buildable depth120 ft

Area~9,408 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 5-over-1 podium (12–50 units) benchmarks for 9,408 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2143 GRAND AVE	UNIVERSITY OF ST THOMAS	RES/EXEMPT SINGLE FAMILY DWELLING	$431,200	79 ft
2159 GRAND AVE	UNIVERSITY OF ST THOMAS	EXEMPT, APARTMENT 4+ UNITS	$776,000	79 ft
2139 GRAND AVE	UNIVERSITY OF ST THOMAS	RES/EXEMPT SINGLE FAMILY DWELLING	$370,200	120 ft
2163 GRAND AVE	COLLEGE OF ST THOMAS	EXEMPT, APARTMENT 4+ UNITS	$647,700	120 ft
2167 GRAND AVE	COLLEGE OF ST THOMAS	RESID/EXEMPT VACANT LAND	$135,200	160 ft
2133 GRAND AVE	UNIVERSITY OF ST THOMAS	SINGLE FAMILY DWELLING, PLATTED LOT	$328,300	160 ft
2150 SUMMIT AVE	COLLEGE OF ST THOMAS	RES/EXEMPT SINGLE FAMILY DWELLING	$486,300	196 ft
2144 SUMMIT AVE	COLLEGE OF ST THOMAS	RES/EXEMPT SINGLE FAMILY DWELLING	$582,200	199 ft
2154 SUMMIT AVE	UNIVERSITY OF ST THOMAS	RES/EXEMPT SINGLE FAMILY DWELLING	$677,000	199 ft
2171 GRAND AVE	UNIVERSITY OF ST THOMAS	EXEMPT, APARTMENT 4+ UNITS	$2,167,600	209 ft

Property History

Most Recent Sale

Date1999-12-09

Price$952,000

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.