1562 SLOAN ST

PID: 192922110023· 2 fields stubbed (see below)

Property Overview

Parcel ID192922110023

Lot Size14,810 sq ft (0.340 ac)

Lot Dimensions (est.)125 ft wide × 118 ft deep

Year Built1977

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerWAFA CAPITAL LLC

Assessed Value$602,000

Land Value$160,000

Building Value$442,000

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

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 ↗

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Payne-Phalen District 5 Planning Council · Saint Paul

Median reported rent1,148/mo

Renter-occupied57.0%

Median home value$212K

Vacancy rate6.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 306.01

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 width115 ft

Buildable depth78 ft

Area~6,642 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 3-story wood frame (5–12 units) benchmarks for 6,642 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1574 SLOAN ST	MAY HSER	SINGLE FAMILY DWELLING, PLATTED LOT	$282,100	79 ft
1580 SLOAN ST	NHIATENG S HERR ZOE LEE HERR	SINGLE FAMILY DWELLING, PLATTED LOT	$204,400	118 ft
1563 WESTMINSTER ST	PLAI THAO XANG THAO	SINGLE FAMILY DWELLING, PLATTED LOT	$280,400	147 ft
323 HOYT AVE E	TRAOLLY XIONG CHONG C XIONG	TWO FAMILY DWELLING - SIDE/SIDE	$337,000	148 ft
301 HOYT AVE E	MENG CHANG	APARTMENTS 4-6 RENTAL UNITS	$477,500	158 ft
1582 SLOAN ST	DOUGLAS C DABE SUZANNE J DABE	SINGLE FAMILY DWELLING, PLATTED LOT	$243,900	159 ft
1573 WESTMINSTER ST	JULIE Y YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$215,900	164 ft
1579 WESTMINSTER ST	UNITED HMONG INVESTMENT LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$244,600	189 ft
306 HOYT AVE E	TIGERS T PROPERTY LLC	APARTMENTS 20-49 RENTAL UNITS	$1,802,900	200 ft
1555 WESTMINSTER ST	LINDA M WALL DWAIN N WALL	SINGLE FAMILY DWELLING, PLATTED LOT	$234,800	203 ft

Property History

Most Recent Sale

Date2018-05-25

Price$600,000

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.