1365 ARKWRIGHT ST 206

PID: 202922320044· 2 fields stubbed (see below)

Property Overview

Parcel ID202922320044

Lot Size871 sq ft (0.790 ac)

Lot Dimensions (est.)269 ft wide × 3 ft deep

Year Built1982

Property ClassCONDO

OwnerOLUFUNMILADE A AKINMUSIRE

Assessed Value$71,900

Land Value$1,000

Building Value$70,900

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

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

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 width259 ft

Buildable depth0 ft

Area~19,312 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 19,312 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value
1365 ARKWRIGHT ST 105	PATHER POTTER XIONG	CONDO	$71,900
1365 ARKWRIGHT ST 104	ANNE T CRAIGMYLE	CONDO	$71,900
1365 ARKWRIGHT ST 205	OLUFUNMILADE AKINMUSIRE	CONDO	$71,900
1365 ARKWRIGHT ST 204	BRUCE JOHNSON	CONDO	$71,900
1365 ARKWRIGHT ST 103	TAN TRI NGUYEN	CONDO	$60,100
1365 ARKWRIGHT ST 102	FIRST FIDUCIARY CORPORATION TR	CONDO	$71,900
1365 ARKWRIGHT ST 203	ROCK REHAB INC	CONDO	$60,100
1365 ARKWRIGHT ST 106	OLUFUNMILADE A AKINMUSIRE	CONDO	$71,900
1365 ARKWRIGHT ST 101	PATHER POTTER XIONG	CONDO	$61,200
1365 ARKWRIGHT ST 201	ASHREF MOHAMED ABDALLA	CONDO	$61,200

Property History

Most Recent Sale

Date2000-05-31

Price$56,000

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.