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.
4 permits on record since 2017 · $38K total declared value · Most recent: Sep 2021 (building permit)
Mr Tim Foster EIG PROPERTY MANAGEMENT
JOHN FISSEL AAZTEC HEATING & AIR CONDITIONING
JOHN FISSEL AAZTEC HEATING & AIR CONDITIONING
D & L ELECTRIC INC
Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Payne-Phalen District 5 Planning Council · Saint Paul
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 316
Multi-family Residential 2 — medium-intensity apartment (5 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 5,842 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1270 MAGNOLIA AVE E | PORTIA LLC | APARTMENTS 20-49 RENTAL UNITS | $1,992,700 | 123 ft |
| 1267 COOK AVE E | PORTIA LLC | APARTMENTS 20-49 RENTAL UNITS | $2,068,200 | 188 ft |
| 0 UNASSIGNED | CITY OF ST PAUL | EXEMPT, VACANT LAND | $62,300 | 257 ft |
| 1256 MAGNOLIA AVE E | JOHN MALONE AUDREY MALONE | SINGLE FAMILY DWELLING, PLATTED LOT | $200,300 | 286 ft |
| 1261 COOK AVE E | KENDALL L BURTON | SINGLE FAMILY DWELLING, PLATTED LOT | $138,700 | 288 ft |
| 1275 MAGNOLIA AVE E | MISION CRISTIANA ELIM INC | EXEMPT, CHURCH, PUBLIC WORSHIP, PRIV | $2,384,800 | 296 ft |
| 1257 COOK AVE E | GLENN E ANDERMANN | SINGLE FAMILY DWELLING, PLATTED LOT | $173,000 | 319 ft |
| 1254 MAGNOLIA AVE E | LORI JOAN MARTIN | SINGLE FAMILY DWELLING, PLATTED LOT | $163,600 | 325 ft |
| 1253 COOK AVE E | 282922140017 | SINGLE FAMILY DWELLING, PLATTED LOT | $179,900 | 355 ft |
| 1250 MAGNOLIA AVE E | MARSHALL G HALVERSON | SINGLE FAMILY DWELLING, PLATTED LOT | $210,400 | 365 ft |
Most Recent Sale