1055 CLEVELAND AVE S

PID: 172823410063· 2 fields stubbed (see below)

Property Overview

Parcel ID172823410063

Lot Size17,424 sq ft (0.460 ac)

Lot Dimensions (est.)120 ft wide × 145 ft deep

Year Built1960

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerHIGHLAND TERRACE LLC

Assessed Value$2,144,800

Land Value$340,000

Building Value$1,804,800

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 depth105 ft

Area~10,023 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 10,023 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
1056 BOWDOIN ST	CHRIS M BRAND MARY J BRAND	SINGLE FAMILY DWELLING, PLATTED LOT	$303,000	114 ft
1050 BOWDOIN ST	CHARLES KURTZ BARBARA J S KURTZ	SINGLE FAMILY DWELLING, PLATTED LOT	$490,200	125 ft
1062 BOWDOIN ST	LESLIE A WALLACE TR JOSEPH T KEYES TR	SINGLE FAMILY DWELLING, PLATTED LOT	$477,600	131 ft
1071 CLEVELAND AVE S 304	ELISHEVA Z SEEHAWER TR	CONDO	$415,200	155 ft
1071 CLEVELAND AVE S 103	ROGER O LILLEODDEN KARIN A LILLEODDEN	CONDO	$364,000	155 ft
1071 CLEVELAND AVE S 204	RICHARD L GUNDERSON	CONDO	$381,100	155 ft
1071 CLEVELAND AVE S 302	MARY C CUNNINGHAM TR	CONDO	$415,200	155 ft
1071 CLEVELAND AVE S 301	SHERYL E KUHN	CONDO	$413,200	155 ft
1071 CLEVELAND AVE S 303	TARA JEAN RICK JOSE DANIEL DEBES	CONDO	$423,300	155 ft
1045 CLEVELAND AVE S	HIGHLAND TERRACE LLC	APARTMENTS 7-19 RENTAL UNITS	$2,135,700	155 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.