1025 CLEVELAND AVE S

PID: 172823410061· 2 fields stubbed (see below)

Property Overview

Parcel ID172823410061

Lot Size17,860 sq ft (0.410 ac)

Lot Dimensions (est.)120 ft wide × 149 ft deep

Year Built1960

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerHIGHLAND TERRACE LLC

Assessed Value$2,126,500

Land Value$340,000

Building Value$1,786,500

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 2016 · $14K total declared value · Most recent: Oct 2023 (building permit)

Building PermitOct 2023Finaled

$14K

CONCRETE PRESSURE LIFTING INC

Building PermitOct 2016Inspected

—

BRIAN McCONNELL CC: CHRIS HUGHES WALKER ROOFING COMPANY

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 width110 ft

Buildable depth109 ft

Area~8,532 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 8,532 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
1026 BOWDOIN ST	MARIE ARCH RANNON JOSEPH ARCH	SINGLE FAMILY DWELLING, PLATTED LOT	$451,300	115 ft
1020 BOWDOIN ST	MATTHEW J ANDREWS	SINGLE FAMILY DWELLING, PLATTED LOT	$296,600	123 ft
1032 BOWDOIN ST	JAMES C WINTERER LISA C ERBES	SINGLE FAMILY DWELLING, PLATTED LOT	$296,400	133 ft
1045 CLEVELAND AVE S	HIGHLAND TERRACE LLC	APARTMENTS 7-19 RENTAL UNITS	$2,135,700	145 ft
1038 BOWDOIN ST	DAVID L GJERDINGEN JANE A GJERDINGEN	SINGLE FAMILY DWELLING, PLATTED LOT	$327,900	169 ft
1034 CLEVELAND AVE S 103	JALANE M MOSLEY REVOCABLE TRUST FREDERICK J MOSLEY REVOCABLE TRUST	CONDO	$161,500	216 ft
1034 CLEVELAND AVE S 101&G	ANATOLY INTROLEGATOR	CONDO	$212,300	216 ft
1034 CLEVELAND AVE S 106	JULIAN NYE	CONDO	$198,900	216 ft
1034 CLEVELAND AVE S 107	LINDA BALLAM	CONDO	$246,300	216 ft
1034 CLEVELAND AVE S 203	CHRISTOPHER J MULLER	CONDO	$174,100	216 ft

Property History

Most Recent Sale

Date2018-08-08

Price$6,885,000

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.