2140 GRAND AVE

PID: 052823410155· 3 fields stubbed (see below)

Property Overview

Parcel ID052823410155

Lot Size17,860 sq ft (0.420 ac)

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

Year Built—(stub)

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerGRAND FINN ALLEY APARTMENTS LLC

Assessed Value$3,624,600

Land Value$280,000

Building Value$3,344,600

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 width30 ft

Buildable depth107 ft

Area~8,874 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 8,874 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
2150 GRAND AVE	KJD RENTAL PROPERTIES LLC	TWO FAMILY DWELLING - SIDE/SIDE	$941,200	80 ft
2132 GRAND AVE	LUXE INVESTMENTS LLC	APARTMENTS 4-6 RENTAL UNITS	$1,166,700	81 ft
2158 GRAND AVE	MS FAMILY PROPERTIES (A) LP	APARTMENTS 7-19 RENTAL UNITS	$1,945,400	159 ft
2124 GRAND AVE	GRAND AND FINN LLC	APARTMENTS 20-49 RENTAL UNITS	$5,442,600	160 ft
2143 LINCOLN AVE	SUSAN BECK STEPHEN BECK	SINGLE FAMILY DWELLING, PLATTED LOT	$506,600	170 ft
2147 LINCOLN AVE	LAUREL PUCHNER JOEL HARDMAN	SINGLE FAMILY DWELLING, PLATTED LOT	$575,300	174 ft
2137 LINCOLN AVE	KIRSTIN E HOWELL HUGO GEOVANNY CABRERA LOPEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$629,300	174 ft
2135 LINCOLN AVE	MICHAEL S THOMAS TAMARA M THOMAS	SINGLE FAMILY DWELLING, PLATTED LOT	$957,300	191 ft
2153 LINCOLN AVE	DAVID A GIBSON RYAN A COON	SINGLE FAMILY DWELLING, PLATTED LOT	$753,800	192 ft
2129 LINCOLN AVE	DAVID SCOTT HAND ERIKA RUUD	SINGLE FAMILY DWELLING, PLATTED LOT	$605,400	222 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount, yearBuilt. See README for details on which sources are live vs. stubbed.