Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Located in the Phalen Village Commercial Vitality Zone — one of five Saint Paul corridors receiving ~$750K/year in dedicated sales tax investment for business development, façade improvements, and streetscape enhancements.
Saint Paul — Commercial Vitality Zones ↗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 ↗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 ↗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 ↗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 ↗The Phalen Village corridor receives dedicated CVZ funding (~$750K/year across all zones) for business recruitment, façade improvements, and public space enhancements. Contact Saint Paul PED for current grant cycles.
Saint Paul — Commercial Vitality Zones ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.
Metro Council — Environmental Response Fund ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2017 · Most recent: Aug 2022 (building permit)
Jake Thompson VIKING CONTRACTORS LLC
Mr MICHAEL HERRICK PROSTAR EXTERIORS LLC
Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Greater East Side Community Council · Saint Paul
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 317.02
Traditional Neighborhood 2 — moderate mixed-use corridor
Most Recent Sale
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1405 ROSE AVE E | C+M THOR PROPERTIES LLC | APARTMENTS 4-6 RENTAL UNITS | $428,400 | 59 ft |
| 1180 PROSPERITY AVE | PHALEN VILLAGE APARTMENTS LP | APARTMENTS 50-99 RENTAL UNITS | $13,938,700 | 120 ft |
| 1396 MARYLAND AVE E | JENNIFER BEDNARSKI | SINGLE FAMILY DWELLING, PLATTED LOT | $217,000 | 157 ft |
| 1414 MARYLAND AVE E | HEALTHEAST | MEDICAL CLINIC | $2,682,300 | 166 ft |
| 1402 MARYLAND AVE E | JACOB WIECHMANN | SINGLE FAMILY DWELLING, PLATTED LOT | $213,800 | 168 ft |
| 1379 PHALEN BLVD | WELLS FARGO PROP INC | FULL SERVICE BANK | $1,805,000 | 286 ft |
| 0 PHALEN BLVD | CITY OF ST PAUL | EXEMPT, VACANT LAND | $52,300 | 290 ft |
| 1385 PHALEN BLVD | PHALEN VILLAGE OZ FUND LLC | MEDICAL CLINIC | $3,876,200 | 310 ft |
| 1388 MARYLAND AVE E | MCDONALDS CORP | DRIVE-IN REST/FOOD SRV FACILITY | $1,542,000 | 336 ft |
| 1401 MARYLAND AVE E | ROSALIE Y CHAN TR | MEDIUM DETACHED RETAIL | $1,700,300 | 361 ft |