1296 PLEASANT AVE

PID: 112823320078· 2 fields stubbed (see below)

Property Overview

Parcel ID112823320078

Lot Size23,958 sq ft (0.520 ac)

Lot Dimensions (est.)135 ft wide × 177 ft deep

Year Built1964

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerHISTORIC APARTMENTS LLC

Assessed Value$2,518,500

Land Value$460,000

Building Value$2,058,500

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

2 permits on record since 2015 · $3K total declared value · Most recent: Aug 2021 (electrical)

ElectricalAug 2021Active/Issued

$3K

Mr. TERRY HARMON DEPENDABLE ELECTRIC INC

Building PermitOct 2015Active/Issued

—

BEISSEL WINDOW & SIDING CO

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

Neighborhood Profile

West 7th St / Fort Road Federation · Saint Paul

Median reported rent1,333/mo

Renter-occupied46.3%

Median home value$238K

Vacancy rate3.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 367

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 width125 ft

Buildable depth137 ft

Area~11,937 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 11,937 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
1034 ARMSTRONG AVE	MATTHEW JAMES PETERSON	SINGLE FAMILY DWELLING, PLATTED LOT	$281,300	97 ft
1306 PLEASANT AVE	EMILY G TRUDEAU	SINGLE FAMILY DWELLING, PLATTED LOT	$241,700	109 ft
1032 ARMSTRONG AVE	MARVIN LUIS COLQUITT SR SHAUNTA NICOLE COLQUITT	SINGLE FAMILY DWELLING, PLATTED LOT	$344,700	143 ft
1035 WATSON AVE	ANTHONY T ARETZ	SINGLE FAMILY DWELLING, PLATTED LOT	$250,100	148 ft
1310 PLEASANT AVE	JEFFREY R LEE SHANNON K LEE	SINGLE FAMILY DWELLING, PLATTED LOT	$288,300	150 ft
1031 WATSON AVE	NICHOLAS T SCOTTRUSSELL GRACE MCKIERNAN DOYLE	SINGLE FAMILY DWELLING, PLATTED LOT	$232,800	179 ft
1028 ARMSTRONG AVE	POPPY THERESA GORGOS	SINGLE FAMILY DWELLING, PLATTED LOT	$219,300	185 ft
1047 ARMSTRONG AVE	LBP 1047 LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$165,600	209 ft
0 UNASSIGNED	STATE OF MN TRUST EXEMPT	EXEMPT, VACANT LAND	$700	210 ft
1043 ARMSTRONG AVE	GEORGE L JOYNER GLENDA J JOYNER	SINGLE FAMILY DWELLING, PLATTED LOT	$240,800	212 ft

Property History

Most Recent Sale

Date2020-12-16

Price$2,909,548

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.