1074 ARKWRIGHT ST

PID: 292922230014· 2 fields stubbed (see below)

Property Overview

Parcel ID292922230014

Lot Size15,246 sq ft (0.350 ac)

Lot Dimensions (est.)100 ft wide × 152 ft deep

Year Built1960

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerBESTPAUL PROPERTIES LLC

Assessed Value$1,018,500

Land Value$220,000

Building Value$798,500

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Saint Paul 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Saint Paul — 4d Affordable Housing Incentive ↗

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 ↗

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 rent1,424/mo

Renter-occupied34.4%

Median home value$200K

Vacancy rate6.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 309

Zoning

RM2Medium-Density Multiple-Family Residential

Multi-family Residential 2 — medium-intensity apartment (5 stories max)

Typical Uses

·Mid-rise apartments
·Condominiums
·Assisted living
·Nursing homes

Max Height50 ft

Min Setbacks

Front

25 ft

Side

9 ft

Rear

25 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width90 ft

Buildable depth112 ft

Area~6,663 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 3-story wood frame (5–12 units) benchmarks for 6,663 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1060 ARKWRIGHT ST	ELITE PROPERTY MANAGEMENT	SINGLE FAMILY DWELLING, PLATTED LOT	$207,300	114 ft
420 MAGNOLIA AVE E	CHDC HAMLINE LLC	APARTMENTS 7-19 RENTAL UNITS	$1,921,500	155 ft
1079 ARKWRIGHT ST	GLEN M BESKE	APARTMENTS 7-19 RENTAL UNITS	$537,400	155 ft
1054 ARKWRIGHT ST	KBD INVESTMENTS LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$255,800	171 ft
395 COOK AVE E	ESSICA S LETT ASJHA M LETT	SINGLE FAMILY DWELLING, PLATTED LOT	$257,000	192 ft
384 MAGNOLIA AVE E	STEVEN D TALLMAN	SINGLE FAMILY DWELLING, PLATTED LOT	$213,300	214 ft
0 MAGNOLIA AVE E	COMMUNITY OF PEACE BUILDING CO	EXEMPT, VACANT LAND	$196,800	222 ft
389 COOK AVE E	IRINA TORGASHEV MAXWELL TORGASHEV	SINGLE FAMILY DWELLING, PLATTED LOT	$201,700	232 ft
395 MAGNOLIA AVE E	MELINA YANG GE VANG	SINGLE FAMILY DWELLING, PLATTED LOT	$239,500	239 ft
380 MAGNOLIA AVE E	MICHELLE A JOY	SINGLE FAMILY DWELLING, PLATTED LOT	$201,300	254 ft

Property History

Most Recent Sale

Date2022-02-10

Price$1,112,500

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.