460 BEAUMONT ST

PID: 322922210085· 2 fields stubbed (see below)

Property Overview

Parcel ID322922210085

Lot Size3,920 sq ft (0.090 ac)

Lot Dimensions (est.)65 ft wide × 60 ft deep

Year Built1894

Property ClassTWO FAMILY DWELLING - SIDE/SIDE

OwnerCREATIVE MORTGAGE PARTNERS LLC

Assessed Value$335,000

Land Value$25,000

Building Value$310,000

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

1 permit on record since 2020 · $1K total declared value · Most recent: Apr 2020 (electrical)

ElectricalApr 2020Finaled

$1K

Mid Electric Inc

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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 width55 ft

Buildable depth40 ft

Area~1,676 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 1,676 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
670 DESOTO ST	JENNIFER ANN HOBBS AARON JEROME HOBBS	TWO FAMILY DWELLING - UP/DWN	$229,300	51 ft
468 BEAUMONT ST	JOHN PAANANEN	APARTMENTS 4-6 RENTAL UNITS	$446,300	56 ft
472 BEAUMONT ST	JOHN PAANANEN	APARTMENT VACANT LAND	$6,300	90 ft
664 DESOTO ST	CHONG K YANG YER PHA	SINGLE FAMILY DWELLING, PLATTED LOT	$278,700	107 ft
669 DESOTO ST	ZEE L XIONG YER XIONG	SINGLE FAMILY DWELLING, PLATTED LOT	$350,600	131 ft
476 BEAUMONT ST	TENG YANG SAI NOU YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$264,800	131 ft
675 DESOTO ST	LANDON A ACRE-KENDALL ERIN O BJORK	SINGLE FAMILY DWELLING, PLATTED LOT	$265,400	140 ft
657 DESOTO ST	DIONICIO V PUENTE JACQUELINE A PUENTE	SINGLE FAMILY DWELLING, PLATTED LOT	$254,200	141 ft
679 DESOTO ST	VERONICA MATTHEW	TOWNHOME-INNER UNIT	$219,800	141 ft
660 DESOTO ST	RYAN YOEUN	SINGLE FAMILY DWELLING, PLATTED LOT	$268,200	145 ft

Property History

Most Recent Sale

Date2024-08-23

Price$329,900

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.