1575 LORIENT ST

PID: 192922110046· 2 fields stubbed (see below)

Property Overview

Parcel ID192922110046

Lot Size474,804 sq ft (10.660 ac)

Lot Dimensions (est.)478 ft wide × 994 ft deep

Year Built1953

Property ClassEXEMPT PROP. OWNED BY BD OF EDUC.

OwnerINDEPENDENT SCHOOL DIST 625

Assessed Value$6,322,300

Land Value$2,784,800

Building Value$3,537,500

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

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 ↗

Met Council Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.

Metro Council — Environmental Response Fund ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

21 permits on record since 2016 · $7.3M total declared value · Most recent: Jun 2025 (elevating device)

Elevating DeviceJun 2025Active/Issued

$74K

MINNESOTA ELEVATOR INC

FenceJun 2025Finaled

$146K

JAKE SIKORA PETERSON COMPANIES INC

ElectricalJun 2024Finaled

$122K

HEIDI BAUER NAC MECHANICAL AND ELECTRICAL SERVICES

PlumbingJun 2024Finaled

$3K

PETER JORDAN CORVAL CONSTRUCTORS INC

Billboard / SignMar 2024Active/Issued

$40K

SIGNATION SIGN GROUP

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

North End Neighborhood Organization · Saint Paul

Median reported rent1,065/mo

Renter-occupied61.7%

Median home value$168K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 305

Zoning

RM1Low-Density Multiple-Family Residential

Multi-family Residential 1 — low-intensity apartment (3 stories max)

Typical Uses

·Apartment buildings
·Condominiums
·Townhomes

Max Height40 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 width468 ft

Buildable depth954 ft

Area~406,235 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 406,235 sqft buildable area.

Est. units

1433

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1586 JACKSON ST	ST PAUL PUBLIC HOUSING AGENCY	EXEMPT PROP. OWNED BY MUNICIPALS	$51,433,000	873 ft

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.