985 CYPRESS ST

PID: 282922240177· 2 fields stubbed (see below)

Property Overview

Parcel ID282922240177

Lot Size4,792 sq ft (0.120 ac)

Lot Dimensions (est.)129 ft wide × 114 ft deep

Year Built1964

Property ClassTWO FAMILY DWELLING - SIDE/SIDE

OwnerBRIGHT HOME LLC

Assessed Value$289,100

Land Value$25,000

Building Value$264,100

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width119 ft

Buildable depth94 ft

Area~2,348 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 2,348 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
992 JENKS AVE	ANNE M CARLSON	SINGLE FAMILY DWELLING, PLATTED LOT	$220,800	39 ft
988 JENKS AVE	FRONK REAL ESTATE LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$175,400	87 ft
1002 JENKS AVE	LIA VUE	SINGLE FAMILY DWELLING, PLATTED LOT	$208,500	100 ft
1006 JENKS AVE	SANDRA M THOMPSON	SINGLE FAMILY DWELLING, PLATTED LOT	$270,900	140 ft
980 JENKS AVE	ZOO VANG	SINGLE FAMILY DWELLING, PLATTED LOT	$210,800	147 ft
995 CASE AVE	JAMES J DONOHUE KIMBERLY A DONOHUE	SINGLE FAMILY DWELLING, PLATTED LOT	$214,700	147 ft
993 CASE AVE	TAMMY L MANSFIELD	SINGLE FAMILY DWELLING, PLATTED LOT	$169,400	152 ft
989 CASE AVE	ALEX THOMAS FULLER RYAN ALYSSE JOHNSON	SINGLE FAMILY DWELLING, PLATTED LOT	$265,200	166 ft
1010 JENKS AVE	DEANNA J FORLITI	SINGLE FAMILY DWELLING, PLATTED LOT	$206,300	180 ft
995 CYPRESS ST	POR TOUA YANG MAI LEE LEE	SINGLE FAMILY DWELLING, PLATTED LOT	$233,400	182 ft

Property History

Most Recent Sale

Date2025-01-30

Price$335,000

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.