228 EXCHANGE ST S N

PID: 062822230161· 2 fields stubbed (see below)

Property Overview

Parcel ID062822230161

Lot Size1,742 sq ft (0.310 ac)

Lot Dimensions (est.)172 ft wide × 10 ft deep

Year Built1880

Property ClassCONDO

OwnerNATHAN SCHUMANN ERIN SCHUMANN

Assessed Value$373,200

Land Value$1,000

Building Value$372,200

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Met Council Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.

Metro Council — Environmental Response Fund ↗

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

West 7th St / Fort Road Federation · Saint Paul

Median reported rent1,718/mo

Renter-occupied62.6%

Median home value$383K

Vacancy rate7.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 360

Zoning

RM1Low-Density Multiple-Family Residential

Multi-family Residential 1 — low-intensity apartment (3 stories max)

Typical Uses

·Apartment buildings
·Condominiums
·Townhomes

Max Height40 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 width162 ft

Buildable depth0 ft

Area~5,320 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 5,320 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value
232 EXCHANGE ST S B	ALICIA D MCQUERREY	CONDO	$180,400
226 EXCHANGE ST S P	DAVID W BISHOP BEVERLY A MADDEN BISHOP	CONDO	$359,200
232 EXCHANGE ST S G	ROLAND P FABIA TR VICTORIA W FABIA TR	CONDO	$209,800
230 EXCHANGE ST S C	DEBORAH J UNGER TRUST	CONDO	$183,100
234 EXCHANGE ST S UNIT K	KAREN O BROWN TR	CONDO	$550,900
226 EXCHANGE ST S B	ANDREW K HROMYAK	CONDO	$295,600
228 EXCHANGE ST S A	JEFFREY VELLINE CINDY ABERCROMBIE	CONDO	$194,400
226 EXCHANGE ST S A	SHARON HUNT	CONDO	$275,700
232 EXCHANGE ST S L	JOSEPH D LACEY-GOTZ LIZABETH E LACEY-GOTZ	CONDO	$373,200
230 EXCHANGE ST S M	MEAGAN PHILLIPS	CONDO	$373,200

Property History

Most Recent Sale

Date2023-12-28

Price$390,000

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.