Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗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 2023 · $17K total declared value · Most recent: Jun 2025 (electrical)
ECO ELECTRIC INC
Brian Lyons Electric, Fire & Security
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
Multi-family Residential 1 — low-intensity apartment (3 stories max)
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 22,171 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1445 MECHANIC AVE | HATIM KATTARIA | RESIDENTIAL, VACANT LAND, LOT | $76,700 | 170 ft |
| 1457 MECHANIC AVE | HATIM KATTARIA | RESIDENTIAL, VACANT LAND, LOT | $78,000 | 179 ft |
| 1437 MECHANIC AVE | CHOUA CHUE YANG VONG LEE | SINGLE FAMILY DWELLING, PLATTED LOT | $280,000 | 220 ft |
| 1453 MAGNOLIA AVE | CYNTHIA DAVIS | TOWNHOME - TICO | $231,500 | 277 ft |
| 1455 MAGNOLIA AVE | MALENA THAMMAVONGSA | TOWNHOME - TICO | $231,500 | 277 ft |
| 1457 MAGNOLIA AVE | SARAH B FLORMAN | TOWNHOME - TICO | $232,500 | 277 ft |
| 1449 MAGNOLIA AVE E | KELSY E GAMBONI | TOWNHOME - TICO | $231,500 | 277 ft |
| 1447 MAGNOLIA AVE | JOHN J BUSCHENA TR DEBRA J BUSCHENA TR | TOWNHOME - TICO | $232,500 | 277 ft |
| 1451 MAGNOLIA AVE | ATIMMA BASSIRAY EYO | TOWNHOME - TICO | $231,500 | 277 ft |
| 1433 MECHANIC AVE | MARGARET A CORBO | SINGLE FAMILY DWELLING, PLATTED LOT | $217,400 | 293 ft |
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