515 FOREST ST

PID: 332922230072· 2 fields stubbed (see below)

Property Overview

Parcel ID332922230072

Lot Size4,792 sq ft (0.110 ac)

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

Year Built1879

Property ClassTWO FAMILY DWELLING - UP/DWN

OwnerWAYZATA 515 FOREST STREET LLC

Assessed Value$203,000

Land Value$23,300

Building Value$179,700

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

Dayton's Bluff Community Council · Saint Paul

Median reported rent1,288/mo

Renter-occupied37.1%

Median home value$200K

Vacancy rate1.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 345

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 depth20 ft

Area~1,985 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 1,985 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
937 3RD ST E	THIRD STREET MARKET LLC	SMALL (UNDER 10,000 SF) DET. RETAIL	$199,400	37 ft
521 FOREST ST	SIMMARA S SMITH	SINGLE FAMILY DWELLING, PLATTED LOT	$198,400	40 ft
525 FOREST ST	KOULA YANG YER YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$243,900	80 ft
927 3RD ST E	CACEELIA MOE	SINGLE FAMILY DWELLING, PLATTED LOT	$188,500	81 ft
531 FOREST ST	BPH 3 LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$187,200	120 ft
923 3RD ST E	ELISEO GARCIA	SINGLE FAMILY DWELLING, PLATTED LOT	$184,200	120 ft
932 3RD ST E	SONG VANG	RESIDENTIAL, VACANT LAND, LOT	$5,200	139 ft
505 FOREST ST	TR GROUP LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$166,200	139 ft
535 FOREST ST	ABSHIRO SAID ABDULLAHI MOHAMED	SINGLE FAMILY DWELLING, PLATTED LOT	$352,800	160 ft
919 3RD ST E	SELAM PROPERTIES	SINGLE FAMILY DWELLING, PLATTED LOT	$190,600	160 ft

Property History

Most Recent Sale

Date2021-09-10

Price$165,000

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.