2132 GRAND AVE

PID: 052823410095· 2 fields stubbed (see below)

Property Overview

Parcel ID052823410095

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)40 ft wide × 147 ft deep

Year Built2022

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerLUXE INVESTMENTS LLC

Assessed Value$1,166,700

Land Value$80,000

Building Value$1,086,700

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

15 permits on record since 2021 · $7.1M total declared value · Most recent: Jun 2022 (electrical)

ElectricalJun 2022Active/Issued

$72K

Steve Long Bob Kilian Electric

Fire EngineeringJun 2022Finaled

—

PER MAR SECURITY SERVICES

Fire EngineeringJan 2022Finaled

—

Jennifer Yaritz GENERAL SPRINKLER CORP

MechanicalJan 2022Finaled

$4K

BRUCE KALMES KALMES MECHANICAL

MechanicalJan 2022Finaled

$2K

BRUCE KALMES KALMES MECHANICAL

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 width30 ft

Buildable depth107 ft

Area~57 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 57 sqft buildable area.

Est. units

Yield on cost

9.8%

Spread

+4.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2124 GRAND AVE	GRAND AND FINN LLC	APARTMENTS 20-49 RENTAL UNITS	$5,442,600	79 ft
2140 GRAND AVE	GRAND FINN ALLEY APARTMENTS LLC	APARTMENTS 7-19 RENTAL UNITS	$3,624,600	81 ft
2150 GRAND AVE	KJD RENTAL PROPERTIES LLC	TWO FAMILY DWELLING - SIDE/SIDE	$941,200	161 ft
2135 LINCOLN AVE	MICHAEL S THOMAS TAMARA M THOMAS	SINGLE FAMILY DWELLING, PLATTED LOT	$957,300	169 ft
2137 LINCOLN AVE	KIRSTIN E HOWELL HUGO GEOVANNY CABRERA LOPEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$629,300	174 ft
2129 LINCOLN AVE	DAVID SCOTT HAND ERIKA RUUD	SINGLE FAMILY DWELLING, PLATTED LOT	$605,400	181 ft
2143 LINCOLN AVE	SUSAN BECK STEPHEN BECK	SINGLE FAMILY DWELLING, PLATTED LOT	$506,600	188 ft
2123 LINCOLN AVE	THOMAS H HOLM	SINGLE FAMILY DWELLING, PLATTED LOT	$310,800	203 ft
2147 LINCOLN AVE	LAUREL PUCHNER JOEL HARDMAN	SINGLE FAMILY DWELLING, PLATTED LOT	$575,300	208 ft
2118 GRAND AVE	FITTY LLC	TWO FAMILY DWELLING - UP/DWN	$470,400	220 ft

Property History

Most Recent Sale

Date2008-06-30

Price$280,000

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.