1240 PIERCE BUTLER ROUTE

PID: 272923420079· 2 fields stubbed (see below)

Property Overview

Parcel ID272923420079

Lot Size12,197 sq ft (0.280 ac)

Lot Dimensions (est.)120 ft wide × 102 ft deep

Year Built1993

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerANN M BYERS

Assessed Value$617,000

Land Value$140,000

Building Value$477,000

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

1 permit on record since 2021 · Most recent: Jul 2021 (building permit)

Building PermitJul 2021Finaled

—

SCOTT CLAUSSEN CONSTRUCTION

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Hamline Midway Coalition · Saint Paul

Median reported rent1,126/mo

Renter-occupied24.6%

Median home value$249K

Vacancy rate1.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 323

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 width110 ft

Buildable depth62 ft

Area~4,906 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 3-story wood frame (5–12 units) benchmarks for 4,906 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1246 TAYLOR AVE	GABI BATI	SINGLE FAMILY DWELLING, PLATTED LOT	$258,400	96 ft
855 GRIGGS ST N	AARON BARBEAU	SINGLE FAMILY DWELLING, PLATTED LOT	$265,800	118 ft
1239 HEWITT AVE	SHELBY BYME TAYLOR BYME	SINGLE FAMILY DWELLING, PLATTED LOT	$327,900	132 ft
1243 HEWITT AVE	ASHOK SAIHGAL JESSICA ZILLHART	SINGLE FAMILY DWELLING, PLATTED LOT	$322,800	143 ft
1231 HEWITT AVE	CHRISTOPHER DAVID PINEDA DE LA ROSA	SINGLE FAMILY DWELLING, PLATTED LOT	$379,200	150 ft
1254 TAYLOR AVE	MATTHEW J DWORSHAK MELISSA A KANGAS	SINGLE FAMILY DWELLING, PLATTED LOT	$256,000	156 ft
1251 HEWITT AVE	ROXANE J THODE	SINGLE FAMILY DWELLING, PLATTED LOT	$256,900	176 ft
1227 HEWITT AVE	SUSAN REED AMANDA ANDRIES	TWO FAMILY DWELLING - UP/DWN	$266,000	180 ft
1258 TAYLOR AVE	JAY N RIPLEY EMILY H RIPLEY	SINGLE FAMILY DWELLING, PLATTED LOT	$216,700	195 ft
1255 HEWITT AVE	ANTHONY DEFEO	SINGLE FAMILY DWELLING, PLATTED LOT	$299,700	205 ft

Property History

Most Recent Sale

Date2003-10-17

Price$487,000

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.