360 LEXINGTON PKWY S

PID: 112823220140· 2 fields stubbed (see below)

Property Overview

Parcel ID112823220140

Lot Size71,438 sq ft (1.570 ac)

Lot Dimensions (est.)355 ft wide × 201 ft deep

Year Built1964

Property ClassAPARTMENTS 50-99 RENTAL UNITS

OwnerGRENDAHL LEXINGTON LLC

Assessed Value$6,230,000

Land Value$1,080,000

Building Value$5,150,000

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

9 permits on record since 2017 · $166K total declared value · Most recent: Oct 2024 (building permit)

Building PermitOct 2024Finaled

$62K

Kailyn Carson RAYCO CONSTRUCTION INC

Warm Air, Ventilation & General SheetSep 2024Finaled

$6K

Kailyn Carson RAYCO CONSTRUCTION INC

Building PermitJul 2024Inspected

$25K

Empire Exteriors, inc.

PlumbingJul 2023Finaled

$7K

JUSTIN MOE ALL WAYS DRAINS LTD

Elevating DeviceJan 2022Finaled

$6K

ALL CITY ELEVATOR INC

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

Neighborhood Profile

Macalester Groveland Community Council · Saint Paul

Median reported rent1,181/mo

Renter-occupied17.0%

Median home value$358K

Vacancy rate4.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 366

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 width345 ft

Buildable depth161 ft

Area~46,712 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 5-over-1 podium (12–50 units) benchmarks for 46,712 sqft buildable area.

Est. units

341

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1088 JEFFERSON AVE	KATHLEEN M MOLITOR TR JOHN T KRATZ TR	SINGLE FAMILY DWELLING, PLATTED LOT	$768,200	230 ft
362 LEXINGTON PKWY S	MARIE ELIZABETH ZEIDLER	SINGLE FAMILY DWELLING, PLATTED LOT	$368,900	243 ft
1070 JEFFERSON AVE	LEXY KINDT JOAN KINDT	SINGLE FAMILY DWELLING, PLATTED LOT	$630,700	265 ft
368 LEXINGTON PKWY S	DIANA E THORNE	SINGLE FAMILY DWELLING, PLATTED LOT	$497,900	304 ft
0 OXFORD ST S	LEXY KINDT JOAN KINDT	RESIDENTIAL, VACANT LAND, LOT	$2,500	313 ft
0 OXFORD ST S	LEXY KINDT JOAN KINDT	RESIDENTIAL, VACANT LAND, LOT	$3,200	334 ft
0 OXFORD ST S	LEXY KINDT JOAN KINDT	RESIDENTIAL, VACANT LAND, LOT	$3,200	363 ft
380 LEXINGTON PKWY S	MARA CASTILLO BENJAMIN NALEZNY	SINGLE FAMILY DWELLING, PLATTED LOT	$529,300	365 ft
0 UNASSIGNED	SOO LINE RAILROAD CO	RAILROAD REAL PROP USED IN OPERATION	$331,900	368 ft
363 LEXINGTON PKWY S	KEVIN HAGEN LEANN HAGEN	SINGLE FAMILY DWELLING, PLATTED LOT	$496,900	377 ft

Property History

Most Recent Sale

Date1992-09-01

Price$1,775,000

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.