994 CYPRESS ST

PID: 282922240067· 2 fields stubbed (see below)

Property Overview

Parcel ID282922240067

Lot Size4,792 sq ft (0.110 ac)

Lot Dimensions (est.)40 ft wide × 120 ft deep

Year Built1954

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerBENJAMIN LEDINSKY

Assessed Value$241,600

Land Value$25,000

Building Value$216,600

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

12 permits on record since 2020 · $23K total declared value · Most recent: Jan 2025 (plumbing)

PlumbingJan 2025Finaled

$3K

COREY CARLSON CARLSON PLUMBING INC

MechanicalOct 2024Finaled

$300

BRIAN NERISON KB SERVICE CO INC

Warm Air, Ventilation & General SheetOct 2024Active/Issued

$2K

BRIAN NERISON KB SERVICE CO INC

Warm Air, Ventilation & General SheetOct 2024Active/Issued

$5K

BRIAN NERISON KB SERVICE CO INC

Building PermitOct 2024Finaled

—

BRAD NILLES NILLES BUILDERS INC

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

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 width30 ft

Buildable depth100 ft

Area~1,873 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 1,873 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1005 JENKS AVE	MICHAEL ARNOLD MAGNUSON BONNIE MAGNUSON	SINGLE FAMILY DWELLING, PLATTED LOT	$221,500	40 ft
1009 JENKS AVE	DAVID FLETCHER	SINGLE FAMILY DWELLING, PLATTED LOT	$207,400	80 ft
995 CYPRESS ST	POR TOUA YANG MAI LEE LEE	SINGLE FAMILY DWELLING, PLATTED LOT	$233,400	98 ft
1011 JENKS AVE	DAVID C ROMANS JILL B ROMANS	SINGLE FAMILY DWELLING, PLATTED LOT	$201,400	119 ft
1002 LAWSON AVE E	MOHAMED ABDINOOR ZAHRA OMAR	SINGLE FAMILY DWELLING, PLATTED LOT	$317,800	141 ft
1006 LAWSON AVE E	ANDREA D CARTER	SINGLE FAMILY DWELLING, PLATTED LOT	$216,800	146 ft
991 JENKS AVE	SEE SUE YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$264,500	157 ft
1017 JENKS AVE	TUAN CHUNG	SINGLE FAMILY DWELLING, PLATTED LOT	$255,000	159 ft
1008 LAWSON AVE E	ROBERT J OLSEN GLENDA F OLSEN	TWO FAMILY DWELLING - UP/DWN	$235,700	162 ft
1015 CYPRESS ST	OLIVIA LIMON MIGUEL LIMON	SINGLE FAMILY DWELLING, PLATTED LOT	$258,200	171 ft

Property History

Most Recent Sale

Date2024-01-26

Price$243,000

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.