623 MAGNOLIA AVE E

PID: 292922120205· 3 fields stubbed (see below)

Property Overview

Parcel ID292922120205

Lot Size4,356 sq ft (0.090 ac)

Lot Dimensions (est.)33 ft wide × 133 ft deep

Year Built—(stub)

Property ClassCOMMERCIAL VACANT LAND

OwnerHANH INC

Assessed Value$23,700

Land Value$23,700

Building Value$0

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

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 rent1,262/mo

Renter-occupied48.1%

Median home value$209K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 310

Zoning

H2Residential

Residential — medium-density multi-unit housing (up to 5 units)

Typical Uses

·Apartment buildings (up to 5 units)
·Duplexes
·Townhomes

Max Height39 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 width23 ft

Buildable depth113 ft

Area~1,268 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 1,268 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
621 MAGNOLIA AVE E	BEE VUE	TWO FAMILY DWELLING - UP/DWN	$172,000	33 ft
617 MAGNOLIA AVE E	RACHAEL A BLAWAT	SINGLE FAMILY DWELLING, PLATTED LOT	$157,400	67 ft
1087 PAYNE AVE	TONG YANG NHIAHERR K VANG	OFFICE BUILDING 1-2 STORIES	$210,500	91 ft
1091 PAYNE AVE	ALVARO S RICO	MIXED RESID/COMMERCIAL	$221,000	100 ft
1081 PAYNE AVE	HANH INC	MIXED RESID/COMMERCIAL	$426,100	100 ft
611 MAGNOLIA AVE E	611 MAGNOLIA LLC	APARTMENTS 4-6 RENTAL UNITS	$1,450,200	120 ft
1097 PAYNE AVE	KYI SOE SHU LAR	MIXED RESID/COMMERCIAL	$365,300	120 ft
0 JESSAMINE AVE E	HANH INC	COMMERCIAL VACANT LAND	$23,200	143 ft
620 JESSAMINE AVE E	ANDREW SLATE DIANE SLATE	SINGLE FAMILY DWELLING, PLATTED LOT	$350,000	145 ft
1099 PAYNE AVE	EAST SIDE ALANO SOCIETY INC	EXEMPT, WELFARE/CHARIT FACILITY	$238,000	147 ft

Property History

Most Recent Sale

Date2019-05-31

Price$350,000

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount, yearBuilt. See README for details on which sources are live vs. stubbed.