516 SMITH AVE S

PID: 072822230027· 2 fields stubbed (see below)

Property Overview

Parcel ID072822230027

Lot Size5,663 sq ft (0.140 ac)

Lot Dimensions (est.)125 ft wide × 45 ft deep

Year Built1925

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerDADDERS ESTATES LLC

Assessed Value$515,800

Land Value$100,000

Building Value$415,800

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

1 permit on record since 2017 · $2K total declared value · Most recent: Mar 2017 (building permit)

Building PermitMar 2017Finaled

$2K

Ruiz Properties Llc

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

Neighborhood Profile

West Side Community Organization · Saint Paul

Median reported rent1,422/mo

Renter-occupied21.9%

Median home value$246K

Vacancy rate6.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 370

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 width115 ft

Buildable depth5 ft

Area~757 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 sfr / adu benchmarks for 757 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
522 SMITH AVE S	DADDERS ESTATES LLC	TWO FAMILY DWELLING - UP/DWN	$298,700	50 ft
526 SMITH AVE S	DADDERS ESTATES LLC	TWO FAMILY DWELLING - UP/DWN	$252,700	97 ft
0 SMITH AVE S	CITY OF ST PAUL	RESID/EXEMPT VACANT LAND	$112,100	99 ft
511 MANOMIN AVE	ANTONY GOLDIE ELLYN GOLDIE	SINGLE FAMILY DWELLING, PLATTED LOT	$349,900	122 ft
513 MANOMIN AVE	ASIM ZENELAJ SHKENDI ZENELAJ	TWO FAMILY DWELLING - SIDE/SIDE	$337,700	134 ft
517 MANOMIN AVE	CAG MINNESOTA FUND II LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$245,700	143 ft
528 SMITH AVE S	LASHAY C V WATERS	SINGLE FAMILY DWELLING, PLATTED LOT	$311,200	144 ft
378 CHEROKEE AVE	DOUGLAS C WENKER JANICE K WENKER	SINGLE FAMILY DWELLING, PLATTED LOT	$368,100	163 ft
523 MANOMIN AVE	DAVID M AKSTETER JULIA K TORKELSON	SINGLE FAMILY DWELLING, PLATTED LOT	$365,000	167 ft
511 SMITH AVE S	NORVIC INC	AUTOMOTIVE SERVICE STATION	$529,200	185 ft

Property History

Most Recent Sale

Date2018-07-17

Price$672,500

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.