1247 PROSPERITY AVE

PID: 222922340064· 2 fields stubbed (see below)

Property Overview

Parcel ID222922340064

Lot Size9,583 sq ft (0.210 ac)

Lot Dimensions (est.)78 ft wide × 69 ft deep

Year Built1955

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerTHAI YANG MAI THAO YANG

Assessed Value$248,600

Land Value$35,000

Building Value$213,600

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

2 permits on record since 2015 · $2K total declared value · Most recent: Aug 2015 (plumbing)

PlumbingAug 2015Finaled

$500

CHAMPION PLUMBING LLC

ElectricalJul 2015Finaled

$1K

SUNSHINE ELECTRIC LLC

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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 width68 ft

Buildable depth49 ft

Area~5,394 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 5,394 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1241 PROSPERITY AVE	SAMANTHA THRUSH KEVIN CHARLES THRUSH	SINGLE FAMILY DWELLING, PLATTED LOT	$268,900	76 ft
1259 PROSPERITY AVE	CHONG VANG	SINGLE FAMILY DWELLING, PLATTED LOT	$331,500	108 ft
1252 BIRMINGHAM ST	DWIGHT P BREWSTER JR	SINGLE FAMILY DWELLING, PLATTED LOT	$255,500	114 ft
1254 BIRMINGHAM ST	JOHN FARMER	TWO FAMILY DWELLING - UP/DWN	$246,800	131 ft
0 PROSPERITY AVE	TA KHIN SA MU TAW	RESIDENTIAL, VACANT LAND, LOT	$700	135 ft
1246 BIRMINGHAM ST	MICHELLE WAITE	SINGLE FAMILY DWELLING, PLATTED LOT	$215,500	137 ft
1233 PROSPERITY AVE	WAYNE SAYKAO	SINGLE FAMILY DWELLING, PLATTED LOT	$320,500	164 ft
0 PROSPERITY AVE	ROBERT WALTON SARAH LINDSAY	RESIDENTIAL, VACANT LAND, LOT	$2,000	168 ft
0 PROSPERITY AVE	ROBERT WALTON SARAH LINDSAY	RESIDENTIAL, VACANT LAND, LOT	$1,700	196 ft
1238 BIRMINGHAM ST	DORCAS ODEKU	SINGLE FAMILY DWELLING, PLATTED LOT	$270,800	198 ft

Property History

Most Recent Sale

Date1997-10-23

Price$80,000

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.