1045 CLEVELAND AVE S

PID: 172823410062· 2 fields stubbed (see below)

Property Overview

Parcel ID172823410062

Lot Size18,295 sq ft (0.390 ac)

Lot Dimensions (est.)120 ft wide × 152 ft deep

Year Built1960

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerHIGHLAND TERRACE LLC

Assessed Value$2,135,700

Land Value$340,000

Building Value$1,795,700

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

No permits found in Saint Paul open data for this parcel.

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 depth112 ft

Area~8,115 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 8,115 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
1038 BOWDOIN ST	DAVID L GJERDINGEN JANE A GJERDINGEN	SINGLE FAMILY DWELLING, PLATTED LOT	$327,900	116 ft
1044 BOWDOIN ST	ROBERT J GRUBER MARY JO GRUBER	SINGLE FAMILY DWELLING, PLATTED LOT	$311,800	121 ft
1032 BOWDOIN ST	JAMES C WINTERER LISA C ERBES	SINGLE FAMILY DWELLING, PLATTED LOT	$296,400	138 ft
1025 CLEVELAND AVE S	HIGHLAND TERRACE LLC	APARTMENTS 7-19 RENTAL UNITS	$2,126,500	145 ft
1055 CLEVELAND AVE S	HIGHLAND TERRACE LLC	APARTMENTS 7-19 RENTAL UNITS	$2,144,800	155 ft
1050 BOWDOIN ST	CHARLES KURTZ BARBARA J S KURTZ	SINGLE FAMILY DWELLING, PLATTED LOT	$490,200	155 ft
1026 BOWDOIN ST	MARIE ARCH RANNON JOSEPH ARCH	SINGLE FAMILY DWELLING, PLATTED LOT	$451,300	175 ft
1056 BOWDOIN ST	CHRIS M BRAND MARY J BRAND	SINGLE FAMILY DWELLING, PLATTED LOT	$303,000	199 ft
1040 CLEVELAND AVE S	TAIT C LILLEMOE 1040 CLEVELAND LLC	MIXED RESID/COMMERCIAL	$1,205,900	215 ft
1020 BOWDOIN ST	MATTHEW J ANDREWS	SINGLE FAMILY DWELLING, PLATTED LOT	$296,600	221 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.