2040 SAUNDERS AVE

PID: 162823230091· 2 fields stubbed (see below)

Property Overview

Parcel ID162823230091

Lot Size23,087 sq ft (0.540 ac)

Lot Dimensions (est.)208 ft wide × 111 ft deep

Year Built1950

Property ClassAPARTMENTS 7-19 RENTAL UNITS

Owner2040S LLC

Assessed Value$1,553,000

Land Value$340,000

Building Value$1,213,000

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

2 permits on record since 2016 · $1K total declared value · Most recent: Apr 2016 (building permit)

Building PermitApr 2016Finaled

—

BEISSEL WINDOW & SIDING CO

Warm Air, Ventilation & General SheetJan 2016Active/Issued

$1K

Kailyn Carson RAYCO CONSTRUCTION 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 rent1,140/mo

Renter-occupied52.3%

Median home value$337K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 376.01

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 width198 ft

Buildable depth71 ft

Area~12,198 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 12,198 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2043 MONTREAL AVE	DAVID DELLANAVE CYNTHIA WRIGHT DELLANAVE	TOWNHOME - TICO	$214,900	133 ft
2045 MONTREAL AVE	JOHN D SCHROEDER	TOWNHOME - TICO	$214,900	133 ft
2047 MONTREAL AVE	DEEGAN KOCH	TOWNHOME - TICO	$227,100	133 ft
2033 MONTREAL AVE	BRENDAN M CONNELLY NATALIE A CONNELLY	TOWNHOME - TICO	$217,600	133 ft
2031 MONTREAL AVE	LYNNE LUBAN	TOWNHOME - TICO	$214,900	133 ft
2039 MONTREAL AVE	KADIE E BECKER	TOWNHOME - TICO	$217,600	133 ft
2029 MONTREAL AVE	LAURA ZABEL LEVI E WEINHAGEN	TOWNHOME - TICO	$214,900	133 ft
2041 MONTREAL AVE	JLMPW HOLDINGS LLC	TOWNHOME - TICO	$214,900	133 ft
2037 MONTREAL AVE	DAVID DELLANAVE CYNTHIA J WRIGHT-DELLANAVE	TOWNHOME - TICO	$214,900	133 ft
2035 MONTREAL AVE	LAUREN NICOLE JOHNSON	TOWNHOME - TICO	$217,600	133 ft

Property History

Most Recent Sale

Date2014-08-28

Price$1,300,000

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.