Located in the Payne Avenue Commercial Vitality Zone — one of five Saint Paul corridors receiving ~$750K/year in dedicated sales tax investment for business development, façade improvements, and streetscape enhancements.
Saint Paul — Commercial Vitality 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 ↗The Payne Avenue corridor receives dedicated CVZ funding (~$750K/year across all zones) for business recruitment, façade improvements, and public space enhancements. Contact Saint Paul PED for current grant cycles.
Saint Paul — Commercial Vitality Zones ↗Signals are based on public datasets; program eligibility requires verification.
4 permits on record since 2015 · $42K total declared value · Most recent: Oct 2023 (building permit)
REBEKAH LEWIS PREMIER ROOFING
POWER ELECTRIC CORP
MC EXTERIORS INC
STEPHEN D NESVIG
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 330
Multi-family Residential 2 — medium-intensity apartment (5 stories max)
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 3,976 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 694 PAYNE AVE | MICHAEL W KELLEY JOYCE M KELLEY | MIXED RESID/COMMERCIAL | $364,900 | 78 ft |
| 637 BEAUMONT ST | CITY OF ST PAUL | EXEMPT, VACANT LAND | $18,500 | 150 ft |
| 695 PAYNE AVE | HELOSA LLC | SMALL (UNDER 10,000 SF) DET. RETAIL | $43,300 | 157 ft |
| 691 DREWRY LN | HCA BUILDING COMPANY | EXEMPT, VACANT LAND | $115,000 | 159 ft |
| 680 PREBLE ST | GWYNNE EVANS | SINGLE FAMILY DWELLING, PLATTED LOT | $184,300 | 159 ft |
| 0 BEAUMONT ST | MICHAEL E GREALISH | RESIDENTIAL, VACANT LAND, LOT | $27,500 | 167 ft |
| 622 BEAUMONT ST | MICHAEL E GREALISH | TWO FAMILY DWELLING - UP/DWN | $247,500 | 173 ft |
| 702 PREBLE ST | GARY HITTLE | RESIDENTIAL, VACANT LAND, LOT | $11,300 | 189 ft |
| 687 PREBLE ST | ANA MARIA ALARCON | SINGLE FAMILY DWELLING, PLATTED LOT | $181,900 | 201 ft |
| 678 PREBLE ST | KRISTIN DAWKINS | SINGLE FAMILY DWELLING, PLATTED LOT | $192,500 | 206 ft |
Most Recent Sale