1240 MCLEAN AVE

PID: 332922440045· 2 fields stubbed (see below)

Property Overview

Parcel ID332922440045

Lot Size8,712 sq ft (0.190 ac)

Lot Dimensions (est.)67 ft wide × 129 ft deep

Year Built1951

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerELIZABETH A CARLSON

Assessed Value$260,200

Land Value$36,100

Building Value$224,100

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

Dayton's Bluff Community Council · Saint Paul

Median reported rent1,290/mo

Renter-occupied46.3%

Median home value$204K

Vacancy rate5.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 346.01

Zoning

H1Residential

Residential — small-scale multi-unit housing (up to 4 units)

Typical Uses

·Single-family homes
·Duplexes
·Triplexes
·4-unit buildings

Max Height35 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 width57 ft

Buildable depth109 ft

Area~4,836 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 4,836 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1246 MCLEAN AVE	ROGER R RODE DIANE K RODE	SINGLE FAMILY DWELLING, PLATTED LOT	$173,100	63 ft
1234 MCLEAN AVE	MATTHEW A MALONEY	SINGLE FAMILY DWELLING, PLATTED LOT	$230,100	66 ft
1252 MCLEAN AVE	BRIDGE SFR IV SEED BORROWER, LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$189,900	121 ft
0 SUBURBAN AVE	LUIS F LONDONO CAROLYN S CHISHOLM	RESIDENTIAL, VACANT LAND, LOT	$5,000	125 ft
277 JOHNSON PKWY	DANIEL D SORENSEN	SINGLE FAMILY DWELLING, PLATTED LOT	$273,600	128 ft
1228 MCLEAN AVE	JENNIFER FAIRBANKS	SINGLE FAMILY DWELLING, PLATTED LOT	$261,800	135 ft
1241 MCLEAN AVE	DIANE M MAYO	SINGLE FAMILY DWELLING, PLATTED LOT	$219,900	178 ft
303 JOHNSON PKWY	BENJAMIN J OLSEN JENNIFER N OLSEN	SINGLE FAMILY DWELLING, PLATTED LOT	$212,800	183 ft
1222 MCLEAN AVE	JUSTIN THAO	SINGLE FAMILY DWELLING, PLATTED LOT	$330,300	184 ft
1235 MCLEAN AVE	HEATHER PROPERTIES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$228,200	194 ft

Property History

Most Recent Sale

Date2002-11-15

Price$149,900

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.