1315 PAYNE AVE

PID: 202922430020· 2 fields stubbed (see below)

Property Overview

Parcel ID202922430020

Lot Size5,227 sq ft (0.120 ac)

Lot Dimensions (est.)48 ft wide × 47 ft deep

Year Built1903

Property ClassTWO FAMILY DWELLING - UP/DWN

OwnerHANK T CU RUBY N NGUYEN

Assessed Value$231,400

Land Value$35,000

Building Value$196,400

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 ↗

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

1 permit on record since 2015 · $3K total declared value · Most recent: Nov 2015 (building permit)

Building PermitNov 2015Finaled

$3K

Hank Trung Cu

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 rent1,262/mo

Renter-occupied48.1%

Median home value$209K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 310

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 width38 ft

Buildable depth7 ft

Area~528 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 528 sqft buildable area.

Est. units

Yield on cost

5.7%

Spread

+0.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1313 PAYNE AVE	JONATHAN HOWSE	TWO FAMILY DWELLING - UP/DWN	$232,800	50 ft
1307 PAYNE AVE	CATHERYN ANNE JENNINGS	SINGLE FAMILY DWELLING, PLATTED LOT	$224,500	95 ft
635 IVY AVE E	T&J INVESTMENTS LLC	APARTMENTS 4-6 RENTAL UNITS	$450,700	104 ft
622 IVY AVE E	VICTOR YONG LEE SUE LEE	SINGLE FAMILY DWELLING, PLATTED LOT	$238,600	111 ft
1305 PAYNE AVE	TENG LOR	SINGLE FAMILY DWELLING, PLATTED LOT	$220,600	132 ft
1323 PAYNE AVE	BARNWIRTH LLC	OFFICE BUILDING 1-2 STORIES	$146,200	139 ft
1299 PAYNE AVE	THOMAS J WARNER TONJA A DRAKE	SINGLE FAMILY DWELLING, PLATTED LOT	$208,400	162 ft
616 IVY AVE E	MINNESOTA NICE RENTALS LLC	APARTMENTS 7-19 RENTAL UNITS	$547,300	168 ft
1324 SEARLE ST	LAO HANG	SINGLE FAMILY DWELLING, PLATTED LOT	$268,000	174 ft
1320 PAYNE AVE	NAKIDA F GILLESPIE	TWO FAMILY DWELLING - SIDE/SIDE	$342,700	178 ft

Property History

Most Recent Sale

Date2000-10-18

Price$70,000

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.