849 TERRACE CT

PID: 302922410004· 3 fields stubbed (see below)

Property Overview

Parcel ID302922410004

Lot Size229,561 sq ft (5.410 ac)

Lot Dimensions (est.)564 ft wide × 407 ft deep

Year Built—(stub)

Property ClassEXEMPT PROP. OWNED BY STATE OF MN

OwnerSTATE OF MN

Assessed Value$142,100

Land Value$142,100

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 rent1,099/mo

Renter-occupied41.8%

Median home value$190K

Vacancy rate7.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 330

Zoning

I2General Industrial

General Industrial — medium-intensity manufacturing and processing

Typical Uses

·Manufacturing
·Wholesale trade
·Freight terminals
·Salvage yards
·Breweries

Max Height75 ft

Min Setbacks

Front

0 ft

Side

0 ft (6 ft if adj. residential)

Rear

0 ft (6 ft if adj. residential)

Development Potential

Setbacks

Front15 ft

Side (each)0 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width564 ft

Buildable depth392 ft

Area~206,167 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 mid-rise concrete (50+ units) benchmarks for 206,167 sqft buildable area.

Est. units

2061

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
850 TERRACE CT	BEACON OF HOPE SAINT PAUL	EXEMPT, CHURCH, PUBLIC WORSHIP, PRIV	$1,448,100	365 ft
869 WESTMINSTER ST	JERRY A COLEMAN TUYET T QUAN	RESIDENTIAL, VACANT LAND, LOT	$25,000	386 ft
877 WESTMINSTER ST	NASSEH GHAFFARI NIKOU GALE GHAFFARI NIKOU	AUTOMOTIVE SERVICE STATION	$475,300	402 ft
317 YORK AVE	PEOPLE INCORPORATED	EXEMPT, OFFICE BUILDING	$878,600	431 ft
889 WESTMINSTER ST	JACOB CASTRO FIGUEROA	SINGLE FAMILY DWELLING, PLATTED LOT	$242,000	438 ft
327 YORK AVE	NEW HORIZON REAL ESTATE DEVELOPMENT LLP	DAYCARE CENTER	$1,858,500	477 ft
893 WESTMINSTER ST	ALEXA PHILLIPS	TWO FAMILY DWELLING - SIDE/SIDE	$272,800	492 ft
905 WESTMINSTER ST	BESTPAUL PROPERTIES LLC	APARTMENTS 7-19 RENTAL UNITS	$1,264,000	558 ft
0 TERRACE CT	ST PAUL PW TERRACE CT POND	EXEMPT, VACANT LAND	$13,700	600 ft
0 UNASSIGNED	BNSF RAILWAY CO	RAILROAD REAL PROP USED IN OPERATION	$900	602 ft

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.