703 PREBLE ST

PID: 322922120079· 2 fields stubbed (see below)

Property Overview

Parcel ID322922120079

Lot Size3,920 sq ft (0.090 ac)

Lot Dimensions (est.)40 ft wide × 39 ft deep

Year Built1884

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerMICHAEL J UDO MARGARET M UDO

Assessed Value$232,700

Land Value$25,000

Building Value$207,700

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

H2Residential

Residential — medium-density multi-unit housing (up to 5 units)

Typical Uses

·Apartment buildings (up to 5 units)
·Duplexes
·Townhomes

Max Height39 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth19 ft

Area~1,563 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 small multifamily (2–4 units, wood frame) benchmarks for 1,563 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
699 PREBLE ST	SAROM SEANG	SINGLE FAMILY DWELLING, PLATTED LOT	$302,700	39 ft
707 PREBLE ST	SAV INC	TWO FAMILY DWELLING - UP/DWN	$340,400	40 ft
713 PREBLE ST	GOMAA ELZAMEL	TWO FAMILY DWELLING - UP/DWN	$153,200	80 ft
695 PREBLE ST	UNITED HMONG INVESTMENT LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$229,600	91 ft
704 EDGERTON ST	GB ANDERSON DEVELOPMENT LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$229,500	93 ft
700 EDGERTON ST	AMELIA ANDRADE DE CHACON	TWO FAMILY DWELLING - UP/DWN	$259,600	102 ft
715 PREBLE ST	ALFREDO MEDINA	SINGLE FAMILY DWELLING, PLATTED LOT	$176,400	120 ft
687 PREBLE ST	ANA MARIA ALARCON	SINGLE FAMILY DWELLING, PLATTED LOT	$181,900	138 ft
695 PAYNE AVE	HELOSA LLC	SMALL (UNDER 10,000 SF) DET. RETAIL	$43,300	141 ft
580 MINNEHAHA AVE E	EBBS INVESTMENT	APARTMENTS 7-19 RENTAL UNITS	$706,700	149 ft

Property History

Most Recent Sale

Date2007-12-26

Price$120,000

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.