245 COLBORNE ST

PID: 122823210058· 2 fields stubbed (see below)

Property Overview

Parcel ID122823210058

Lot Size5,663 sq ft (0.130 ac)

Lot Dimensions (est.)45 ft wide × 46 ft deep

Year Built1923

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerHENNEPIN RP FUNDING LLC

Assessed Value$251,700

Land Value$40,000

Building Value$211,700

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

6 permits on record since 2016 · $23K total declared value · Most recent: Mar 2021 (electrical)

ElectricalMar 2021Finaled

$1K

SUNSHINE ELECTRIC LLC

Building PermitMar 2021Finaled

$18K

BEESHOONDAAT RAM RAM CONSTRUCTION AND REMODELING

ElectricalFeb 2021Finaled

$400

4FRONT ENERGY SOLUTIONS INC ELECTRIC CITY CORPORATION

MechanicalFeb 2021Finaled

$2K

JEFFREY KLINE 4FRONT ENERGY

Warm Air, Ventilation & General SheetFeb 2021Finaled

$2K

JEFFREY KLINE 4FRONT ENERGY

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 rent1,380/mo

Renter-occupied50.6%

Median home value$234K

Vacancy rate7.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 369

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 width35 ft

Buildable depth26 ft

Area~2,504 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 2,504 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
241 COLBORNE ST	PAUL HESS	SINGLE FAMILY DWELLING, PLATTED LOT	$227,800	37 ft
255 COLBORNE ST	MORRIS PROPERTIES LEGACY LLC	APARTMENTS 7-19 RENTAL UNITS	$586,100	87 ft
248 DUKE ST	CHRISTINE M BARKDULL	SINGLE FAMILY DWELLING, PLATTED LOT	$201,200	125 ft
480 ST CLAIR AVE	ROBERT L SMITH III	SINGLE FAMILY DWELLING, PLATTED LOT	$237,800	130 ft
250 DUKE ST	MICHELLE M JENSEN	SINGLE FAMILY DWELLING, PLATTED LOT	$327,100	133 ft
466 ST CLAIR AVE	REBEKAH C DECKER SOLTVEDT	SINGLE FAMILY DWELLING, PLATTED LOT	$225,200	155 ft
254 DUKE ST	JENNIFER MASON	SINGLE FAMILY DWELLING, PLATTED LOT	$226,200	155 ft
475 ST CLAIR AVE	FIFZ-ST CLAIR LLC	APARTMENTS 7-19 RENTAL UNITS	$722,400	160 ft
263 COLBORNE ST	LBP 263, LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$171,200	178 ft
260 DUKE ST	HADEN O HAUSKEN	SINGLE FAMILY DWELLING, PLATTED LOT	$290,700	185 ft

Property History

Most Recent Sale

Date2021-01-22

Price$150,000

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.