304 EXCHANGE ST S B1

PID: 062822320098· 2 fields stubbed (see below)

Property Overview

Parcel ID062822320098

Lot Size871 sq ft (0.480 ac)

Lot Dimensions (est.)208 ft wide × 4 ft deep

Year Built1880

Property ClassCONDO

OwnerJANICE PALMER RAYMOND PALMER

Assessed Value$246,100

Land Value$1,000

Building Value$245,100

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

1 permit on record since 2020 · $500 total declared value · Most recent: Feb 2020 (electrical)

ElectricalFeb 2020Active/Issued

$500

KIRTLAND ELECTRIC

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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 width198 ft

Buildable depth0 ft

Area~10,650 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 10,650 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value
302 EXCHANGE ST S 00002	MARGARET ALICE HARTFEL TR	CONDO	$280,700
302 EXCHANGE ST S G7	STEPHEN C SULLIVAN JACQUELYN K SULLIVAN	CONDO GARAGE	$2,700
302 EXCHANGE ST S G8	JANICE PALMER RAYMOND PALMER	CONDO GARAGE	$2,700
302 EXCHANGE ST S G5	LYNDA K PETRIE	CONDO GARAGE	$2,700
300 EXCHANGE ST S G3022	CHRISTOPHER HOUGHTON	CONDO GARAGE	$8,400
302 EXCHANGE ST S G4	ELLYSE SWANSON	CONDO GARAGE	$2,700
302 EXCHANGE ST S 00001	JEANNIE HOLMES	CONDO	$301,700
302 EXCHANGE ST S G1	TYLER CROAT	CONDO GARAGE	$2,700
300 EXCHANGE ST S 00001	ELLYSE SWANSON	CONDO	$242,500
304 EXCHANGE ST S 00001	LYNDA K PETRIE	CONDO	$237,200

Property History

Most Recent Sale

Date2023-08-14

Price$250,000

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.