1495 IVY AVE E

PID: 222922310020· 2 fields stubbed (see below)

Property Overview

Parcel ID222922310020

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)55 ft wide × 111 ft deep

Year Built1954

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

Owner1495 IVY LLC

Assessed Value$220,300

Land Value$33,300

Building Value$187,000

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

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

H1Residential

Residential — small-scale multi-unit housing (up to 4 units)

Typical Uses

·Single-family homes
·Duplexes
·Triplexes
·4-unit buildings

Max Height35 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width45 ft

Buildable depth91 ft

Area~3,142 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 3,142 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1491 IVY AVE E	WAKOU NENG VANG YANG CHOU HER	SINGLE FAMILY DWELLING, PLATTED LOT	$249,900	55 ft
1501 IVY AVE E	JANICE C THILL	SINGLE FAMILY DWELLING, PLATTED LOT	$283,400	61 ft
1336 PROSPERITY AVE	MA YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$314,800	96 ft
1507 IVY AVE E	JAMEY THAO TEST THAO	SINGLE FAMILY DWELLING, PLATTED LOT	$299,000	121 ft
1485 IVY AVE E	THUL HOLDINGS LLC	APARTMENTS 7-19 RENTAL UNITS	$561,700	126 ft
1342 PROSPERITY AVE	THOMAS N THURNER	SINGLE FAMILY DWELLING, PLATTED LOT	$258,400	153 ft
1515 IVY AVE E	YEE THAO JENNIFER THAO	SINGLE FAMILY DWELLING, PLATTED LOT	$323,500	167 ft
1508 IVY AVE E	AUNG WIN KYI MAY THWIN OO	SINGLE FAMILY DWELLING, PLATTED LOT	$262,100	212 ft
1318 BARCLAY ST	XAI CHA	SINGLE FAMILY DWELLING, PLATTED LOT	$181,100	220 ft
1346 PROSPERITY AVE	TONY WHIPPLE DAWN WHIPPLE	SINGLE FAMILY DWELLING, PLATTED LOT	$208,100	225 ft

Property History

Most Recent Sale

Date2010-10-07

Price$56,900

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.