515 CLEVELAND AVE S

PID: 082823410074· 2 fields stubbed (see below)

Property Overview

Parcel ID082823410074

Lot Size14,810 sq ft (0.340 ac)

Lot Dimensions (est.)130 ft wide × 114 ft deep

Year Built1963

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerNILES FAMILY LTD PARTNERSHIP

Assessed Value$1,756,200

Land Value$240,000

Building Value$1,516,200

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 2024 · $250 total declared value · Most recent: Nov 2024 (electrical)

ElectricalNov 2024Active/Issued

$250

Gina Carlson CARLSON & SONS LLC

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

Neighborhood Profile

Highland District Council · Saint Paul

Median reported rent1,197/mo

Renter-occupied39.4%

Median home value$456K

Vacancy rate9.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 430.01

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 width120 ft

Buildable depth74 ft

Area~6,515 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 3-story wood frame (5–12 units) benchmarks for 6,515 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
523 CLEVELAND AVE S	TIMOTHY K SCHULTZ TR PETET J OTOOLE TR	SINGLE FAMILY DWELLING, PLATTED LOT	$529,700	83 ft
2076 JUNO AVE	REID J WESTREM ROBYN C WESTREM	SINGLE FAMILY DWELLING, PLATTED LOT	$437,900	110 ft
529 CLEVELAND AVE S	NILES FAMILY LIMITED	APARTMENTS 4-6 RENTAL UNITS	$997,700	136 ft
507 CLEVELAND AVE S	NEXT 7TH PROPERTIES LLC	RESIDENTIAL, VACANT LAND, LOT	$156,500	149 ft
2082 JUNO AVE	ANDREW RALSTON	SINGLE FAMILY DWELLING, PLATTED LOT	$440,800	159 ft
2077 NILES AVE	JASON D DALLY JENNIFER FAY WU	SINGLE FAMILY DWELLING, PLATTED LOT	$676,900	188 ft
2065 NILES AVE	NILES FAMILY LIMITED	APARTMENTS 4-6 RENTAL UNITS	$953,600	189 ft
2075 JUNO AVE	STEPHEN A LILLY	SINGLE FAMILY DWELLING, PLATTED LOT	$451,700	198 ft
2086 JUNO AVE	LINNEA KAY TORSTENSON	SINGLE FAMILY DWELLING, PLATTED LOT	$404,800	207 ft
503 CLEVELAND AVE S	COMO II LLC	APARTMENTS 7-19 RENTAL UNITS	$1,521,600	212 ft

Property History

Most Recent Sale

Date2006-05-01

Price$1,183,000

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.