1342 PROSPERITY AVE

PID: 222922310024· 2 fields stubbed (see below)

Property Overview

Parcel ID222922310024

Lot Size15,246 sq ft (0.360 ac)

Lot Dimensions (est.)90 ft wide × 78 ft deep

Year Built1947

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerTHOMAS N THURNER

Assessed Value$258,400

Land Value$52,500

Building Value$205,900

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 width80 ft

Buildable depth58 ft

Area~10,585 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 10,585 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1346 PROSPERITY AVE	TONY WHIPPLE DAWN WHIPPLE	SINGLE FAMILY DWELLING, PLATTED LOT	$208,100	73 ft
1336 PROSPERITY AVE	MA YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$314,800	84 ft
1350 PROSPERITY AVE	ELAINE M BEAUBIEN	SINGLE FAMILY DWELLING, PLATTED LOT	$217,100	124 ft
1501 IVY AVE E	JANICE C THILL	SINGLE FAMILY DWELLING, PLATTED LOT	$283,400	139 ft
1507 IVY AVE E	JAMEY THAO TEST THAO	SINGLE FAMILY DWELLING, PLATTED LOT	$299,000	149 ft
1495 IVY AVE E	1495 IVY LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$220,300	153 ft
1491 IVY AVE E	WAKOU NENG VANG YANG CHOU HER	SINGLE FAMILY DWELLING, PLATTED LOT	$249,900	161 ft
1335 PROSPERITY AVE	ECUADORIAN EXPRESS LLC	AUTOMOTIVE SERVICE STATION	$299,000	185 ft
1351 PROSPERITY AVE	LAI LLC	TWO FAMILY DWELLING - SIDE/SIDE	$291,600	189 ft
1515 IVY AVE E	YEE THAO JENNIFER THAO	SINGLE FAMILY DWELLING, PLATTED LOT	$323,500	189 ft

Property History

Most Recent Sale

Date2016-06-20

Price$100,000

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.