1851 MAGNOLIA AVE E

PID: 262922220040· 2 fields stubbed (see below)

Property Overview

Parcel ID262922220040

Lot Size24,394 sq ft (0.580 ac)

Lot Dimensions (est.)124 ft wide × 196 ft deep

Year Built1971

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerKENTAURUS MAGNOLIA LLC

Assessed Value$1,930,000

Land Value$480,000

Building Value$1,450,000

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

Greater East Side Community Council · Saint Paul

Median reported rent1,148/mo

Renter-occupied52.9%

Median home value$197K

Vacancy rate6.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 318.01

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 width114 ft

Buildable depth156 ft

Area~12,854 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 12,854 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1865 MAGNOLIA AVE E	KENTAURUS MAGNOLIA LLC	APARTMENTS 7-19 RENTAL UNITS	$1,468,000	90 ft
0 JESSAMINE AVE E	CHICAGO NORTHWESTERN RY	RAILROAD REAL PROP USED IN OPERATION	$21,600	120 ft
0 JESSAMINE AVE E	UNION PACIFIC RAILROAD COMPANY	RAILROAD REAL PROP USED IN OPERATION	$7,800	157 ft
1841 MAGNOLIA AVE E	KENTAURUS MAGNOLIA LLC	APARTMENTS 20-49 RENTAL UNITS	$1,923,400	168 ft
1877 MAGNOLIA AVE E	MARICELA ZAMARRON	SINGLE FAMILY DWELLING, PLATTED LOT	$187,300	190 ft
1858 MAGNOLIA AVE E	KENTAURUS MAGNOLIA LLC	APARTMENTS 7-19 RENTAL UNITS	$1,419,500	242 ft
1881 MAGNOLIA AVE E	ABBY RAE TITUS KARL ANDREAS OLSON BOYCE	SINGLE FAMILY DWELLING, PLATTED LOT	$244,900	248 ft
1846 MAGNOLIA AVE E	KENTAURUS MAGNOLIA LLC	APARTMENTS 7-19 RENTAL UNITS	$1,006,800	266 ft
1105 HAZEL ST N	VUE KING MANAGEMENT LLC	ASSISTED LIVING APT COMPLEX	$5,929,100	276 ft
0 VAN DYKE ST	CHICAGO NORTHWESTERN RY	RAILROAD REAL PROP USED IN OPERATION	$18,700	294 ft

Property History

Most Recent Sale

Date2021-01-08

Price$9,821,350

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.