1240 PROSPERITY AVE

PID: 222922340055· 2 fields stubbed (see below)

Property Overview

Parcel ID222922340055

Lot Size8,712 sq ft (0.200 ac)

Lot Dimensions (est.)68 ft wide × 67 ft deep

Year Built1960

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerTERRY L ALLEN CHARITY R ALLEN

Assessed Value$290,000

Land Value$35,000

Building Value$255,000

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

H2Residential

Residential — medium-density multi-unit housing (up to 5 units)

Typical Uses

·Apartment buildings (up to 5 units)
·Duplexes
·Townhomes

Max Height39 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 width58 ft

Buildable depth47 ft

Area~5,056 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 3-story wood frame (5–12 units) benchmarks for 5,056 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1246 PROSPERITY AVE	JONATHAN R VOLTZ	SINGLE FAMILY DWELLING, PLATTED LOT	$268,200	68 ft
1232 PROSPERITY AVE	XIONG HER THOMAS HER	SINGLE FAMILY DWELLING, PLATTED LOT	$252,100	81 ft
0 PROSPERITY AVE	ROBERT WALTON SARAH LINDSAY	RESIDENTIAL, VACANT LAND, LOT	$1,700	119 ft
0 PROSPERITY AVE	ROBERT WALTON SARAH LINDSAY	RESIDENTIAL, VACANT LAND, LOT	$2,000	158 ft
0 SCHERERS LN	HER INVESTMENT GROUP LLC	RESIDENTIAL, VACANT LAND, LOT	$3,500	166 ft
0 SCHERERS LN	HER INVESTMENT GROUP LLC	RESIDENTIAL, VACANT LAND, LOT	$3,500	167 ft
0 SCHERERS LN	HER INVESTMENT GROUP LLC	RESIDENTIAL, VACANT LAND, LOT	$3,500	172 ft
1447 MARYLAND AVE E	HER INVESTMENT GROUP LLC	COMMERCIAL VACANT LAND	$86,800	177 ft
1233 PROSPERITY AVE	WAYNE SAYKAO	SINGLE FAMILY DWELLING, PLATTED LOT	$320,500	180 ft
1227 PROSPERITY AVE	LAUREN J A HUNDLEY	SINGLE FAMILY DWELLING, PLATTED LOT	$208,800	185 ft

Property History

Most Recent Sale

Date2016-10-20

Price$168,000

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.