470 LEXINGTON PKWY S

PID: 112823230111· 2 fields stubbed (see below)

Property Overview

Parcel ID112823230111

Lot Size27,007 sq ft (0.600 ac)

Lot Dimensions (est.)240 ft wide × 116 ft deep

Year Built2023

Property ClassAPT OR COMPLEX 100+ UNITS

Owner1000 JAMES APARTMENTS LLC

Assessed Value$24,826,200

Land Value$2,260,000

Building Value$22,566,200

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

48 permits on record since 2016 · $19.6M total declared value · Most recent: Jul 2023 (electrical)

ElectricalJul 2023Finaled

$500

Jerry Becher J BECHER & ASSOC INC

Elevating DeviceJul 2023Finaled

$156K

OTIS ELEVATOR COMPANY

Elevating DeviceJul 2023Finaled

$156K

OTIS ELEVATOR COMPANY

Billboard / SignMay 2023Finaled

$7K

ABRAHAM SDDI SIGNS

Warm Air, Ventilation & General SheetMar 2023Finaled

$290K

BYLT CONSTRUCTION LLC

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 width230 ft

Buildable depth76 ft

Area~13,843 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 13,843 sqft buildable area.

Est. units

101

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1083 RANDOLPH AVE	1083-1087 RANDOLPH LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$200,900	133 ft
1087 RANDOLPH AVE	1083-1087 RANDOLPH LLC	TWO FAMILY DWELLING - UP/DWN	$325,500	134 ft
1081 RANDOLPH AVE	CHET D FUNK	SINGLE FAMILY DWELLING, PLATTED LOT	$213,500	142 ft
0 RANDOLPH AVE	INTERSECTION LLC	RESIDENTIAL, VACANT LAND, LOT	$74,700	146 ft
0 RANDOLPH AVE	ALEPH CAPITAL LLC	RESIDENTIAL, VACANT LAND, LOT	$66,000	155 ft
478 LEXINGTON PKWY S	INTERSECTION LLC	APARTMENTS 4-6 RENTAL UNITS	$557,500	165 ft
444 LEXINGTON PKWY S 2	KEVIN DEAN COSTELLO	CONDO	$250,600	173 ft
444 LEXINGTON PKWY S 1	LAURA LABLANC	CONDO	$373,100	173 ft
1073 JAMES AVE	TYLER KRELL RACHEL K ADAMS	SINGLE FAMILY DWELLING, PLATTED LOT	$405,200	208 ft
1102 JAMES AVE	NICHOLAS NERVICK	SINGLE FAMILY DWELLING, PLATTED LOT	$306,900	219 ft

Property History

Most Recent Sale

Date2022-04-15

Price$1,910,000

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.