1440 MIDWAY PKWY

PID: 222923340147· 2 fields stubbed (see below)

Property Overview

Parcel ID222923340147

Lot Size63,598 sq ft (1.480 ac)

Lot Dimensions (est.)310 ft wide × 205 ft deep

Year Built1994

Property ClassAPARTMENTS 50-99 RENTAL UNITS

OwnerHERITAGE APARTMENTS INC

Assessed Value$8,001,400

Land Value$1,200,000

Building Value$6,801,400

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Saint Paul 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Saint Paul — 4d Affordable Housing Incentive ↗

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 ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

5 permits on record since 2016 · $877K total declared value · Most recent: Nov 2024 (building permit)

Building PermitNov 2024Active/Issued

$859K

Amy Furey Bauer Design Build

Elevating DeviceJun 2024Finaled

$13K

MINNESOTA ELEVATOR INC

MechanicalFeb 2024Finaled

$300

KOCH MECHANICAL LLC

Fire EngineeringJan 2024Issued

—

Rich Poole VIKING AUTOMATIC SPRINKLER COMPANY

ElectricalDec 2016Finaled

$5K

Mr. Anthony Pallarico NEI ELECTRIC

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

Neighborhood Profile

District 10 Como Community Council · Saint Paul

Median reported rent1,139/mo

Renter-occupied30.5%

Median home value$310K

Vacancy rate2.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 302.01

Zoning

RM2Medium-Density Multiple-Family Residential

Multi-family Residential 2 — medium-intensity apartment (5 stories max)

Typical Uses

·Mid-rise apartments
·Condominiums
·Assisted living
·Nursing homes

Max Height50 ft

Min Setbacks

Front

25 ft

Side

9 ft

Rear

25 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width300 ft

Buildable depth165 ft

Area~44,211 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 5-over-1 podium (12–50 units) benchmarks for 44,211 sqft buildable area.

Est. units

323

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1462 MIDWAY PKWY	COLIN PIERCE AMY PIERCE	SINGLE FAMILY DWELLING, PLATTED LOT	$663,600	223 ft
1466 MIDWAY PKWY	VINCENT R HUNT KATHRYN C HUNT	SINGLE FAMILY DWELLING, PLATTED LOT	$463,200	270 ft
1455 ALMOND AVE	LYNGBLOMSTEN APARTMENTS INC	APT OR COMPLEX 100+ UNITS	$12,053,000	276 ft
1462 CANFIELD AVE	ERIC L FOTSCH	SINGLE FAMILY DWELLING, PLATTED LOT	$232,400	314 ft
1470 MIDWAY PKWY	KATHERINE T KELLY BENJAMIN A ZIBBLE	SINGLE FAMILY DWELLING, PLATTED LOT	$563,700	320 ft
1415 ALMOND AVE	LYNGBLOMSTEN CARE CENTER INC	EXEMPT, CHARITABLE HOSP./NURSG HOME	$18,265,700	332 ft
1412 MIDWAY PKWY	LYNGBLOMSTEN CARE CENTER INC	EXEMPT, VACANT LAND	$70,600	333 ft
1468 CANFIELD AVE	MEAGHAN JOHANSEN KAJ JOHANSEN	SINGLE FAMILY DWELLING, PLATTED LOT	$316,900	360 ft
1476 MIDWAY PKWY	DEREK W. ERLENBUSCH CHRISTINE M. ERLENBUSCH	SINGLE FAMILY DWELLING, PLATTED LOT	$569,400	370 ft
1406 MIDWAY PKWY	MATTHEW A LABO KIMBERLY K SCHUMACHER	SINGLE FAMILY DWELLING, PLATTED LOT	$289,500	383 ft

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.