1355 PHALEN BLVD 116

PID: 272922220073· 2 fields stubbed (see below)

Property Overview

Parcel ID272922220073

Lot Size1,307 sq ft (2.180 ac)

Lot Dimensions (est.)472 ft wide × 3 ft deep

Year Built2003

Property ClassRESIDENTIAL CO-OP

OwnerREALIFE COOP PHALEN VILLAGE

Assessed Value$195,300

Land Value$20,000

Building Value$175,300

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Met Council Environmental Response FundMedium

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.

Permit History

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

Neighborhood Profile

Greater East Side Community Council · Saint Paul

Median reported rent924/mo

Renter-occupied72.6%

Median home value$198K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 317.02

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 width462 ft

Buildable depth0 ft

Area~69,695 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 69,695 sqft buildable area.

Est. units

509

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value
1355 PHALEN BLVD 101	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$203,500
1355 PHALEN BLVD 304	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$159,500
1355 PHALEN BLVD 316	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$159,500
1355 PHALEN BLVD 214	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$159,500
1355 PHALEN BLVD 302	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$159,500
1355 PHALEN BLVD 203	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$203,500
1355 PHALEN BLVD 209	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$169,300
1355 PHALEN BLVD 109	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$169,300
1355 PHALEN BLVD 201	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$203,500
1355 PHALEN BLVD 108	REALIFE COOP PHALEN VILLAGE	RESIDENTIAL CO-OP	$169,300

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.