1500 MISSISSIPPI ST

PID: 192922140010· 2 fields stubbed (see below)

Property Overview

Parcel ID192922140010

Lot Size180,774 sq ft (4.120 ac)

Lot Dimensions (est.)475 ft wide × 380 ft deep

Year Built1960

Property ClassEXEMPT PROP. OWNED BY STATE OF MN

OwnerMINNESOTA HISTORICAL SOCIETY

Assessed Value$6,113,400

Land Value$1,085,900

Building Value$5,027,500

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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 ↗

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

4 permits on record since 2015 · $580K total declared value · Most recent: Feb 2022 (building permit)

Building PermitFeb 2022Finaled

$525K

Danial W. Hannover SHEEHY CONSTRUCTION

Fire EngineeringJul 2020Finaled

—

Rich Poole VIKING AUTOMATIC SPRINKLER COMPANY

PlumbingDec 2017Finaled

$17K

JEFFERY NORBLOM NORBLOM PLUMBING CO

ElectricalJul 2015Finaled

$38K

PEC SOLUTIONS LLC

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

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

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 width465 ft

Buildable depth340 ft

Area~145,363 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 145,363 sqft buildable area.

Est. units

513

Yield on cost

4.0%

Spread

-1.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 UNASSIGNED	STATE OF MINNESOTA DNR	EXEMPT, VACANT LAND	$285,700	239 ft
1461 WESTMINSTER ST	KEITH D PAYNE	SINGLE FAMILY DWELLING, PLATTED LOT	$204,800	309 ft
299 ARLINGTON AVE E	SCOTT SHERK KORI SHERK	SINGLE FAMILY DWELLING, PLATTED LOT	$185,600	350 ft
1480 WESTMINSTER ST	ST PAUL PUBLIC HOUSING AGENCY	RES/EXEMPT SINGLE FAMILY DWELLING	$249,000	376 ft
1474 WESTMINSTER ST	GLORIA M ARREOLA DOMINGUEZ DANIEL DOMINGUEZ DOMINGUEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$265,700	382 ft
321 ARLINGTON AVE E	WILLIAM J HORRIGAN	SINGLE FAMILY DWELLING, PLATTED LOT	$176,600	386 ft
1505 WESTMINSTER ST	KENTAURUS PHALEN LLC	APT OR COMPLEX 100+ UNITS	$10,395,600	393 ft
1470 WESTMINSTER ST	CRAIG A WATSON	SINGLE FAMILY DWELLING, PLATTED LOT	$253,500	402 ft
0 WESTMINSTER ST	TXERLEE MOUA	RESIDENTIAL, VACANT LAND, LOT	$5,300	402 ft
333 ARLINGTON AVE E	JIM KANE	SINGLE FAMILY DWELLING, PLATTED LOT	$173,000	406 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.