296 SHERMAN ST

PID: 062822320111· 2 fields stubbed (see below)

Property Overview

Parcel ID062822320111

Lot Size9,583 sq ft (0.230 ac)

Lot Dimensions (est.)75 ft wide × 62 ft deep

Year Built1901

Property ClassTWO FAMILY DWELLING - UP/DWN

OwnerMATTHEW T LUCK ALICIA A RYAN

Assessed Value$457,200

Land Value$130,000

Building Value$327,200

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 width65 ft

Buildable depth22 ft

Area~2,852 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 small multifamily (2–4 units, wood frame) benchmarks for 2,852 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
288 EXCHANGE ST S	LAUREN MCCOY SEAN HUNTER	SINGLE FAMILY DWELLING, PLATTED LOT	$580,300	66 ft
302 EXCHANGE ST S 00002	MARGARET ALICE HARTFEL TR	CONDO	$280,700	108 ft
302 EXCHANGE ST S G7	STEPHEN C SULLIVAN JACQUELYN K SULLIVAN	CONDO GARAGE	$2,700	108 ft
302 EXCHANGE ST S 00001	JEANNIE HOLMES	CONDO	$301,700	108 ft
302 EXCHANGE ST S G1	TYLER CROAT	CONDO GARAGE	$2,700	108 ft
302 EXCHANGE ST S G8	JANICE PALMER RAYMOND PALMER	CONDO GARAGE	$2,700	108 ft
302 EXCHANGE ST S G5	LYNDA K PETRIE	CONDO GARAGE	$2,700	108 ft
300 EXCHANGE ST S G3022	CHRISTOPHER HOUGHTON	CONDO GARAGE	$8,400	108 ft
302 EXCHANGE ST S G4	ELLYSE SWANSON	CONDO GARAGE	$2,700	108 ft
300 EXCHANGE ST S 00001	ELLYSE SWANSON	CONDO	$242,500	108 ft

Property History

Most Recent Sale

Date2013-07-11

Price$288,505

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.