Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Located in the North Snelling Avenue Commercial Vitality Zone — one of five Saint Paul corridors receiving ~$750K/year in dedicated sales tax investment for business development, façade improvements, and streetscape enhancements.
Saint Paul — Commercial Vitality 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 ↗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 ↗The North Snelling Avenue corridor receives dedicated CVZ funding (~$750K/year across all zones) for business recruitment, façade improvements, and public space enhancements. Contact Saint Paul PED for current grant cycles.
Saint Paul — Commercial Vitality Zones ↗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.
1 permit on record since 2017 · Most recent: Aug 2017 (fire engineering)
TPEC
Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Hamline Midway Coalition · Saint Paul
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 321
Traditional Neighborhood 2 — moderate mixed-use corridor
Most Recent Sale
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 735 SNELLING AVE N | GERALDINE H HAGEN | OFFICE BUILDING 1-2 STORIES | $263,300 | 45 ft |
| 721 SNELLING AVE N | LAKEARMEY | MIXED RESID/COMMERCIAL | $957,400 | 58 ft |
| 737 SNELLING AVE N | GERALDINE H HAGEN | MIXED RESID/COMMERCIAL | $461,200 | 75 ft |
| 743 SNELLING AVE N | LAKEARMEY | AUTOMOTIVE SERVICE STATION | $749,700 | 113 ft |
| 747 SNELLING AVE N | GARY E CARLSON | SMALL (UNDER 10,000 SF) DET. RETAIL | $538,100 | 160 ft |
| 1605 MINNEHAHA AVE W | MCCLURKEN INC | APARTMENTS 20-49 RENTAL UNITS | $3,110,600 | 174 ft |
| 755 SNELLING AVE N | LEGACY PROPERTIES 426 LLC | MEDIUM DETACHED RETAIL | $494,700 | 207 ft |
| 722 SNELLING AVE N | DSF PROPERTIES | MIXED RESID/COMMERCIAL | $1,357,700 | 233 ft |
| 736 SNELLING AVE N | HAMLINE UNIV OF MN TR | EXEMPT, OFFICE BUILDING | $244,300 | 242 ft |
| 742 SNELLING AVE N | HAMLINE UNIVERSITY OF MINNESOTA TR | EXEMPT PROP. OWNED BY PRIVATE SCHOOL | $225,600 | 242 ft |