323 SHERWOOD AVE

PID: 192922410056· 2 fields stubbed (see below)

Property Overview

Parcel ID192922410056

Lot Size4,792 sq ft (0.120 ac)

Lot Dimensions (est.)91 ft wide × 50 ft deep

Year Built2004

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerCHAO XIONG YOUA LEE

Assessed Value$272,600

Land Value$25,000

Building Value$247,600

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 2016 · $1K total declared value · Most recent: Jul 2024 (electrical)

ElectricalJul 2024Finaled

$1K

RITE WAY ELECTRIC INC

Building PermitJul 2024Inspected

—

Lance Broderick ARKO EXTERIORS INC

PlumbingOct 2018Finaled

$200

OC INSTALLS LLC

ElectricalNov 2016Finaled

$100

SETH HOLM HUNT ELECTRIC CORPORATION

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 width81 ft

Buildable depth10 ft

Area~589 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Marginal

Back-of-envelope estimate based on sfr / adu benchmarks for 589 sqft buildable area.

Est. units

Yield on cost

5.5%

Spread

+0.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
327 SHERWOOD AVE	MIKEY YANG ALLISON THAO	SINGLE FAMILY DWELLING, PLATTED LOT	$273,700	57 ft
331 SHERWOOD AVE	KIMBERLY BESTLER	SINGLE FAMILY DWELLING, PLATTED LOT	$256,100	93 ft
0 MARYLAND AVE E	STATE OF MINNESOTA DNR	EXEMPT, VACANT LAND	$167,300	124 ft
335 SHERWOOD AVE	PAMELA SAHU	SINGLE FAMILY DWELLING, PLATTED LOT	$304,900	132 ft
0 ARLINGTON AVE E	AMADOU TOURAY	RESIDENTIAL, VACANT LAND, LOT	$25,000	186 ft
316 ARLINGTON AVE E	ANATOLE ZOROBI ESTELLE GNOKILE	SINGLE FAMILY DWELLING, PLATTED LOT	$262,500	189 ft
337 SHERWOOD AVE	TERRI A RISTOW	RESIDENTIAL, OTHER	$55,500	192 ft
0 SHERWOOD AVE	FAITH BAPTIST CHURCH	RESID/EXEMPT VACANT LAND	$25,000	201 ft
305 COTTAGE AVE E	FAITH BAPTIST CHURCH ST PAUL	RES/EXEMPT SINGLE FAMILY DWELLING	$378,000	235 ft
320 ARLINGTON AVE E	TOU THAO	SINGLE FAMILY DWELLING, PLATTED LOT	$264,700	243 ft

Property History

Most Recent Sale

Date2008-12-30

Price$123,900

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.