556 JENKS AVE

PID: 292922240187· 2 fields stubbed (see below)

Property Overview

Parcel ID292922240187

Lot Size18,295 sq ft (0.420 ac)

Lot Dimensions (est.)122 ft wide × 150 ft deep

Year Built1963

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerWOLKOWICZ FAMILY LMTD PRTNRSHP

Assessed Value$1,552,200

Land Value$340,000

Building Value$1,212,200

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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 width112 ft

Buildable depth110 ft

Area~8,976 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 5-over-1 podium (12–50 units) benchmarks for 8,976 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
555 CASE AVE	CINDY L LEE PAUL C YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$226,000	135 ft
559 CASE AVE	GENARO GONZALEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$227,300	140 ft
551 CASE AVE	SUSAN CHA	SINGLE FAMILY DWELLING, PLATTED LOT	$213,300	142 ft
981 EDGERTON ST	KEITH A SCHMALZBAUER TR JONATHAN SCHMALZBAUER TR	SINGLE FAMILY DWELLING, PLATTED LOT	$231,100	142 ft
985 EDGERTON ST	NAM BAC VU PHUNG KIM DO	SINGLE FAMILY DWELLING, PLATTED LOT	$249,000	144 ft
977 EDGERTON ST	MUHUBO OSMAN MOHAMED F MAHAMED	SINGLE FAMILY DWELLING, PLATTED LOT	$358,700	151 ft
551 JENKS AVE	JENKS LLC	APARTMENTS 4-6 RENTAL UNITS	$476,400	151 ft
987 EDGERTON ST	HAPPY STAR LLC	TWO FAMILY DWELLING - UP/DWN	$216,100	155 ft
977 JESSIE ST	JOHN C CAMERON	SINGLE FAMILY DWELLING, PLATTED LOT	$188,700	165 ft
985 JESSIE ST	EMMA ELIZABETH ABLAN LARSON BLANE MICHAEL ABLAN	SINGLE FAMILY DWELLING, PLATTED LOT	$246,800	168 ft

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.