1061 MONTREAL AVE

PID: 142823230038· 2 fields stubbed (see below)

Property Overview

Parcel ID142823230038

Lot Size65,776 sq ft (1.820 ac)

Lot Dimensions (est.)302 ft wide × 218 ft deep

Year Built1973

Property ClassAPARTMENTS 50-99 RENTAL UNITS

OwnerMS FAMILY PROPERTIES (B) LP

Assessed Value$7,919,300

Land Value$1,320,000

Building Value$6,599,300

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

8 permits on record since 2020 · $654K total declared value · Most recent: Mar 2024 (mechanical)

MechanicalMar 2024Inspected

$20K

KEVIN VAIL Team VAil

MechanicalMar 2024Inspected

$1K

KEVIN VAIL Team VAil

Building PermitMay 2023Finaled

$85K

Matt Hozza Kleinman Realty CO

ElectricalOct 2022Finaled

$500

Chris Anderson ELECTRICAL LIGHT SOLUTIONS

Building PermitJul 2022Inspected

$497K

QUARVE CONTRACTING INC

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 width292 ft

Buildable depth178 ft

Area~56,126 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 56,126 sqft buildable area.

Est. units

410

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1085 MONTREAL AVE	ST PAUL PUBLIC HOUSING AGENCY	EXEMPT PROP. OWNED BY MUNICIPALS	$13,515,200	224 ft
1731 ADRIAN ST	ELLEN C E ROHAN	SINGLE FAMILY DWELLING, PLATTED LOT	$272,900	329 ft
0 MONTREAL WAY	CITY OF ST PAUL	EXEMPT, VACANT LAND	$98,500	347 ft
1729 ADRIAN ST	JAMES M GALLAGHER CHRISTINE M GALLAGHER	SINGLE FAMILY DWELLING, PLATTED LOT	$318,100	366 ft
1742 7TH ST W	OTTERNESS RENTAL PROPERTY INC	GREENHOUSES, NURSERY, VEG., FLORA.	$1,127,200	408 ft
1717 ADRIAN ST	JOHN A BOSTROM	SINGLE FAMILY DWELLING, PLATTED LOT	$225,300	414 ft
0 MONTREAL WAY	MONTREAL WAY STORAGE LLC	INDUSTRIAL, VACANT LAND	$32,800	427 ft
0 MONTREAL WAY	CITY OF ST PAUL	EXEMPT, VACANT LAND	$62,300	456 ft
1101 MONTREAL AVE	SAROEUM KEO	SINGLE FAMILY DWELLING, PLATTED LOT	$300,700	482 ft
1080 MONTREAL AVE	CBC OFFICE LLC	EXEMPT, OFFICE BUILDING	$3,097,800	483 ft

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.