1244 VIRGINIA ST

PID: 242923430141· 2 fields stubbed (see below)

Property Overview

Parcel ID242923430141

Lot Size5,227 sq ft (0.110 ac)

Lot Dimensions (est.)40 ft wide × 43 ft deep

Year Built1925

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerCHANG YANG

Assessed Value$172,900

Land Value$25,000

Building Value$147,900

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

North End Neighborhood Organization · Saint Paul

Median reported rent1,151/mo

Renter-occupied31.1%

Median home value$200K

Vacancy rate8.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 308

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 width30 ft

Buildable depth3 ft

Area~31 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 31 sqft buildable area.

Est. units

Yield on cost

28.2%

Spread

+22.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1246 VIRGINIA ST	THANH QUANG TRAN	SINGLE FAMILY DWELLING, PLATTED LOT	$189,800	40 ft
1240 VIRGINIA ST	SOPHAT JECSI	SINGLE FAMILY DWELLING, PLATTED LOT	$303,700	40 ft
1236 VIRGINIA ST	JAMIE VELDE	SINGLE FAMILY DWELLING, PLATTED LOT	$205,700	81 ft
1250 VIRGINIA ST	KATRINA M GEROLD	TOWNHOME - TICO	$195,700	119 ft
1256 VIRGINIA ST	PAMELA JOY HENDERSON	TOWNHOME - TICO	$194,900	119 ft
1258 VIRGINIA ST	MINCHENG SHEN	TOWNHOME - TICO	$186,900	119 ft
1260 VIRGINIA ST	COLTON ADAMS	TOWNHOME - TICO	$186,900	119 ft
1254 VIRGINIA ST	JOHN T GOLDEN	TOWNHOME - TICO	$203,600	119 ft
1252 VIRGINIA ST	TIMOTHY E BELL	TOWNHOME - TICO	$186,900	119 ft
1232 VIRGINIA ST	ADAM WILSON	SINGLE FAMILY DWELLING, PLATTED LOT	$215,300	121 ft

Property History

Most Recent Sale

Date2017-07-07

Price$102,500

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.