Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity 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 ↗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 ↗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 ↗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.
16 permits on record since 2020 · $18.0M total declared value · Most recent: Jun 2021 (warm air, ventilation & general sheet)
ROSS KANGAS NORDSTROM METAL
KRISTEN OLSON MAJOR MECHANICAL LLC
LUANN EDLING QUALITY PROPANE
KONE INC
David Vertin Ver-tech Inc
Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Payne-Phalen District 5 Planning Council · Saint Paul
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 315
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 |
|---|---|---|---|---|
| 848 PAYNE AVE | 848 PAYNE COMMERCIAL LLC | SMALL (UNDER 10,000 SF) DET. RETAIL | $525,500 | 0 ft |
| 0 WADENA AVE | DAVID OKEEFFE | COMMERCIAL VACANT LAND | $7,500 | 151 ft |
| 660 WELLS ST | WINTER SONG LLC | COMMERCIAL VACANT LAND | $25,000 | 163 ft |
| 664 WELLS ST | EH HTOO NI THAW HTOO | SINGLE FAMILY DWELLING, PLATTED LOT | $210,400 | 165 ft |
| 656 WELLS ST | WINTER SONG LLC | COMMERCIAL VACANT LAND | $25,000 | 166 ft |
| 666 WELLS ST | HOUSING AND REDEV AUTH ST PAUL | RESID/EXEMPT VACANT LAND | $5,000 | 174 ft |
| 670 WELLS ST | PORFIZIO CASTRO LUISA MONTOYA | SINGLE FAMILY DWELLING, PLATTED LOT | $219,100 | 185 ft |
| 858 PAYNE AVE | WINTER SONG LLC | MIXED RESID/COMMERCIAL | $536,500 | 191 ft |
| 672 WELLS ST | DADDERS ESTATES LLC | SINGLE FAMILY DWELLING, PLATTED LOT | $197,600 | 198 ft |
| 870 PAYNE AVE | RODOLFO HERNANDEZ | RESTAURANT AND/OR BAR | $383,400 | 207 ft |