1051 FOREST ST

PID: 282922230015· 2 fields stubbed (see below)

Property Overview

Parcel ID282922230015

Lot Size10,019 sq ft (0.230 ac)

Lot Dimensions (est.)79 ft wide × 127 ft deep

Year Built1921

Property ClassDAYCARE CENTER

OwnerCMA2 PROPERTIES LLC

Assessed Value$336,200

Land Value$60,500

Building Value$275,700

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

Payne-Phalen District 5 Planning Council · Saint Paul

Median reported rent1,138/mo

Renter-occupied47.2%

Median home value$200K

Vacancy rate8.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 316

Zoning

H1Residential

Residential — small-scale multi-unit housing (up to 4 units)

Typical Uses

·Single-family homes
·Duplexes
·Triplexes
·4-unit buildings

Max Height35 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width69 ft

Buildable depth107 ft

Area~6,147 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 small multifamily (2–4 units, wood frame) benchmarks for 6,147 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
925 COOK AVE E	JUAN CARLOS TELLEZ EMILY TELLEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$308,800	89 ft
1071 FOREST ST 103	1071 FOREST STREET LLC	APARTMENTS 7-19 RENTAL UNITS	$552,400	133 ft
1047 FOREST ST	PATRICK GERAGHTY JANET THOMAS	SINGLE FAMILY DWELLING, PLATTED LOT	$256,700	139 ft
1054 FOREST ST	ALBERT WAN KOU SHENG MOUA	SINGLE FAMILY DWELLING, PLATTED LOT	$216,200	154 ft
928 MAGNOLIA AVE E	PATRICK M CULLEN	SINGLE FAMILY DWELLING, PLATTED LOT	$208,400	157 ft
1062 FOREST ST	CHUE FENG THAO	TWO FAMILY DWELLING - UP/DWN	$208,800	162 ft
915 COOK AVE E	JEREMY C IWASZKOWIEC SHANNON IWASZKOWIEC	SINGLE FAMILY DWELLING, PLATTED LOT	$252,600	169 ft
924 MAGNOLIA AVE E	JOHN C PATTERSON CHERYL R PATTERSON	SINGLE FAMILY DWELLING, PLATTED LOT	$196,000	176 ft
1043 FOREST ST	DAWN TAYLOR	SINGLE FAMILY DWELLING, PLATTED LOT	$256,600	180 ft
1079 FOREST ST	PAOLEE VANG	TWO FAMILY DWELLING - UP/DWN	$231,600	196 ft

Property History

Most Recent Sale

Date2026-04-10

Price$280,000

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.