587 STATE ST

PID: 082822240064· 2 fields stubbed (see below)

Property Overview

Parcel ID082822240064

Lot Size6,098 sq ft (0.150 ac)

Lot Dimensions (est.)100 ft wide × 78 ft deep

Year Built1904

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerSTATE CAPITAL LLC

Assessed Value$228,300

Land Value$27,000

Building Value$201,300

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

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

2 permits on record since 2021 · $6K total declared value · Most recent: Nov 2021 (mechanical)

MechanicalNov 2021Finaled

$350

BRIAN PEARSON KRAFT MECHANICAL LLC

MechanicalNov 2021Finaled

$6K

BRIAN PEARSON KRAFT MECHANICAL 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 rent1,190/mo

Renter-occupied34.1%

Median home value$235K

Vacancy rate1.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 372

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 width90 ft

Buildable depth38 ft

Area~1,551 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 1,551 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
135 KING ST E	KING STREET EAST 135 LLC	APARTMENTS 7-19 RENTAL UNITS	$471,300	63 ft
577 STATE ST	NORTH REAL ESTATE LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$242,800	100 ft
0 KING ST E	KING STREET EAST 135 LLC	APARTMENT VACANT LAND	$19,500	111 ft
123 KING ST E	MATTHEW BRADY NOONAN	SINGLE FAMILY DWELLING, PLATTED LOT	$260,700	171 ft
571 STATE ST	J WILLIAM KEYSER	SINGLE FAMILY DWELLING, PLATTED LOT	$236,500	175 ft
0 STATE ST	CITY OF ST PAUL PUBLIC WORKS	RESID/EXEMPT VACANT LAND	$1,200	179 ft
148 KING ST E	JOHN DAVID OBREGON III	SINGLE FAMILY DWELLING, PLATTED LOT	$264,600	180 ft
132 STEVENS ST E	GEORGE E ABRASS BARBARA M ABRASS	SINGLE FAMILY DWELLING, PLATTED LOT	$318,600	190 ft
614 STATE ST	HOUSING AND REDEVELOPMENT AUTHORITY	RESID/EXEMPT VACANT LAND	$46,500	198 ft
598 OAKDALE AVE	GHOLAMREZA ASHRAFZADEHKIAN	SINGLE FAMILY DWELLING, PLATTED LOT	$200,700	218 ft

Property History

Most Recent Sale

Date2024-02-16

Price—

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.