1412 PROSPERITY AVE

PID: 222922310001· 2 fields stubbed (see below)

Property Overview

Parcel ID222922310001

Lot Size6,970 sq ft (0.170 ac)

Lot Dimensions (est.)85 ft wide × 82 ft deep

Year Built1959

Property ClassOFFICE BUILDING 1-2 STORIES

OwnerVANGKOU ORGANIZATION LLC

Assessed Value$266,100

Land Value$50,800

Building Value$215,300

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

Greater East Side Community Council · Saint Paul

Median reported rent1,199/mo

Renter-occupied50.6%

Median home value$214K

Vacancy rate7.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 307.04

Zoning

OSOffice-Service

Office-Service — low-scale office and service uses

Typical Uses

·Professional offices
·Medical offices
·Personal services
·Banks

Max Height30 ft

Min Setbacks

Front

15 ft

Side

6 ft

Rear

0 ft (6 ft if adj. residential)

Development Potential

Setbacks

Front15 ft

Side (each)6 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width73 ft

Buildable depth67 ft

Area~2,104 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 small multifamily (2–4 units, wood frame) benchmarks for 2,104 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1539 SHERWOOD AVE	TOU BEE VUE	SINGLE FAMILY DWELLING, PLATTED LOT	$256,400	115 ft
1427 PROSPERITY AVE	STEPHEN TIMOTHY BURSON	SINGLE FAMILY DWELLING, PLATTED LOT	$239,100	130 ft
1545 SHERWOOD AVE	XEE MOUA KONG	SINGLE FAMILY DWELLING, PLATTED LOT	$280,700	164 ft
1530 SHERWOOD AVE	KITTYS CORNER 2 INC	CONVENIENCE STORE	$489,400	180 ft
1433 PROSPERITY AVE	IVETTE MUNOZ CARRANZA JUAN LOPEZ VARELA	SINGLE FAMILY DWELLING, PLATTED LOT	$234,000	183 ft
1544 ARLINGTON AVE E	DANIEL M SULLIVAN	SINGLE FAMILY DWELLING, PLATTED LOT	$174,500	190 ft
1524 ARLINGTON AVE E	AMANDA J SHORT	SINGLE FAMILY DWELLING, PLATTED LOT	$248,100	198 ft
1540 SHERWOOD AVE	ST PAUL PUBLIC HOUSING AGENCY	RES/EXEMPT SINGLE FAMILY DWELLING	$216,000	209 ft
1551 SHERWOOD AVE	WILLIAM JOHN PEARSON JACLYN J PEARSON	SINGLE FAMILY DWELLING, PLATTED LOT	$281,400	213 ft
1520 ARLINGTON AVE E	MALINA MOUA	SINGLE FAMILY DWELLING, PLATTED LOT	$344,800	224 ft

Property History

Most Recent Sale

Date2024-11-15

Price$250,000

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.