451 BAY ST

PID: 112823140121· 2 fields stubbed (see below)

Property Overview

Parcel ID112823140121

Lot Size5,663 sq ft (0.130 ac)

Lot Dimensions (est.)123 ft wide × 46 ft deep

Year Built1910

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerKVASNIK PROPERTIES III LLC

Assessed Value$317,100

Land Value$80,000

Building Value$237,100

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

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

West 7th St / Fort Road Federation · Saint Paul

Median reported rent1,036/mo

Renter-occupied18.0%

Median home value$258K

Vacancy rate7.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 368

Zoning

H2Residential

Residential — medium-density multi-unit housing (up to 5 units)

Typical Uses

·Apartment buildings (up to 5 units)
·Duplexes
·Townhomes

Max Height39 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth26 ft

Area~2,788 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 2,788 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
445 BAY ST	ERIC MILOVAC HEATHER MILOVAC	SINGLE FAMILY DWELLING, PLATTED LOT	$324,600	45 ft
747 JAMES AVE	MICHAEL L RILEY	SINGLE FAMILY DWELLING, PLATTED LOT	$178,100	79 ft
439 BAY ST	WILLIAM T COSTANDINE JR	SINGLE FAMILY DWELLING, PLATTED LOT	$238,200	89 ft
751 JAMES AVE	GRETA FOOTE NATHAN FOOTE	SINGLE FAMILY DWELLING, PLATTED LOT	$327,500	115 ft
435 BAY ST	PATRICK PAGE PATRICIA PAGE	SINGLE FAMILY DWELLING, PLATTED LOT	$389,200	135 ft
736 JAMES AVE	FRANK M PETERSEN SANDRA G PETERSEN	SINGLE FAMILY DWELLING, PLATTED LOT	$354,500	148 ft
730 JAMES AVE	KATHY A STEINMAUS	TWO FAMILY DWELLING - UP/DWN	$265,000	153 ft
740 JAMES AVE	MICHAEL T STRAFELDA LORI B STRAFELDA	SINGLE FAMILY DWELLING, PLATTED LOT	$295,800	153 ft
442 VANCE ST	TAMMY J JORDAN	SINGLE FAMILY DWELLING, PLATTED LOT	$302,900	153 ft
753 JAMES AVE	DANIELLE DESCHAINE PADHRAIG RORY MALONE	SINGLE FAMILY DWELLING, PLATTED LOT	$280,100	164 ft

Property History

Most Recent Sale

Date2003-09-24

Price$280,000

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.