1603 FORD PKWY

PID: 162823110073· 2 fields stubbed (see below)

Property Overview

Parcel ID162823110073

Lot Size20,909 sq ft (0.480 ac)

Lot Dimensions (est.)187 ft wide × 112 ft deep

Year Built1950

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerJOHNSON REALTY COMPANY LLC MITCHELL JOHNSON PER REP

Assessed Value$1,972,700

Land Value$400,000

Building Value$1,572,700

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 2019 · Most recent: Apr 2019 (building permit)

Building PermitApr 2019Finaled

—

Chad Maki Terra Firma Estates Inc

Building PermitApr 2019Finaled

—

Chad Maki Terra Firma Estates Inc

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

Neighborhood Profile

Highland District Council · Saint Paul

Median reported rent1,138/mo

Renter-occupied30.2%

Median home value$436K

Vacancy rate2.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 375

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 width177 ft

Buildable depth72 ft

Area~10,465 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 10,465 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
1606 PINEHURST AVE	TANYA ROONEY MATTHEW ROONEY	SINGLE FAMILY DWELLING, PLATTED LOT	$368,900	139 ft
1615 FORD PKWY	JOHNSON REALTY COMPANY LLC MITCHELL JOHNSON PER REP	APARTMENTS 7-19 RENTAL UNITS	$1,014,600	140 ft
1600 PINEHURST AVE	VANYA SUE HOGEN	SINGLE FAMILY DWELLING, PLATTED LOT	$884,600	142 ft
1610 PINEHURST AVE	PAUL J NITTI	SINGLE FAMILY DWELLING, PLATTED LOT	$470,200	154 ft
1596 PINEHURST AVE	CHELSEA E SCHEER MARK D SCHEER	SINGLE FAMILY DWELLING, PLATTED LOT	$489,500	156 ft
1581 FORD PKWY	1581 FORD LLC	AUTOMOTIVE SERVICE STATION	$1,480,600	162 ft
1592 PINEHURST AVE	STEPHEN R OLSON JEAN L K OLSON	SINGLE FAMILY DWELLING, PLATTED LOT	$450,800	178 ft
1616 PINEHURST AVE	PAMELA M GARTNER TR	SINGLE FAMILY DWELLING, PLATTED LOT	$589,200	187 ft
1588 PINEHURST AVE	MAURICE FELIX ANNETTE REILING	SINGLE FAMILY DWELLING, PLATTED LOT	$381,800	206 ft
1600 FORD PKWY	PRESTIGE CITYWIDE LLC	APARTMENTS 20-49 RENTAL UNITS	$2,900,000	234 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.