611 COOK AVE E

PID: 292922130055· 2 fields stubbed (see below)

Property Overview

Parcel ID292922130055

Lot Size4,792 sq ft (0.120 ac)

Lot Dimensions (est.)40 ft wide × 114 ft deep

Year Built1974

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerZE LEE

Assessed Value$267,500

Land Value$25,000

Building Value$242,500

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

1 permit on record since 2024 · Most recent: Jun 2024 (building permit)

Building PermitJun 2024Finaled

—

Natasha McAllister ASHCO EXTERIORS LLC

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 rent1,262/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 width30 ft

Buildable depth94 ft

Area~2,244 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 2,244 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
613 COOK AVE E	AMBER ABFALTER	TWO FAMILY DWELLING - SIDE/SIDE	$263,900	39 ft
605 COOK AVE E	ERIC MARINO GONZALEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$255,900	41 ft
603 COOK AVE E	YER VANG	SINGLE FAMILY DWELLING, PLATTED LOT	$210,800	81 ft
599 COOK AVE E	MINNESOTA HOUSING FINANCE AGENCY	SINGLE FAMILY DWELLING, PLATTED LOT	$207,600	121 ft
614 MAGNOLIA AVE E	UNITED HMONG INVESTMENT LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$234,000	146 ft
610 MAGNOLIA AVE E	QUALITY RESIDENCES LLC	TWO FAMILY DWELLING - UP/DWN	$238,300	151 ft
618 MAGNOLIA AVE E	LM PROPERTIES OF SAINT PAUL LLC	TWO FAMILY DWELLING - UP/DWN	$290,200	152 ft
1055 PAYNE AVE	IDPAYNE LLC	MEDIUM DETACHED RETAIL	$964,400	158 ft
597 COOK AVE E	SARAH EVANS	TWO FAMILY DWELLING - UP/DWN	$198,700	161 ft
622 MAGNOLIA AVE E	MICHAEL WHEATLEY PATRICIA WHEATLEY	SINGLE FAMILY DWELLING, PLATTED LOT	$211,500	166 ft

Property History

Most Recent Sale

Date2024-12-30

Price$175,000

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.