1749 THOMAS AVE

PID: 332923120101· 2 fields stubbed (see below)

Property Overview

Parcel ID332923120101

Lot Size9,583 sq ft (0.220 ac)

Lot Dimensions (est.)77 ft wide × 124 ft deep

Year Built1958

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerNEW VERTICALS DEVELOPMENT LLC

Assessed Value$621,800

Land Value$140,000

Building Value$481,800

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

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 ↗

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 ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2023 · Most recent: Jun 2023 (building permit)

Building PermitJun 2023Finaled

—

APEX CONSTRUCTION INC

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

Neighborhood Profile

Hamline Midway Coalition · Saint Paul

Median reported rent989/mo

Renter-occupied29.8%

Median home value$261K

Vacancy rate1.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 320

Zoning

RM2Medium-Density Multiple-Family Residential

Multi-family Residential 2 — medium-intensity apartment (5 stories max)

Typical Uses

·Mid-rise apartments
·Condominiums
·Assisted living
·Nursing homes

Max Height50 ft

Min Setbacks

Front

25 ft

Side

9 ft

Rear

25 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width67 ft

Buildable depth84 ft

Area~3,062 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 3-story wood frame (5–12 units) benchmarks for 3,062 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
1743 THOMAS AVE 3	GODLAND GROUP, LLC	APARTMENTS 7-19 RENTAL UNITS	$569,300	66 ft
1757 THOMAS AVE	LAKESTONE PROPERTIES LLC	APARTMENTS 7-19 RENTAL UNITS	$1,026,900	75 ft
1737 THOMAS AVE	GODLAND GROUP, LLC	APARTMENTS 7-19 RENTAL UNITS	$569,300	123 ft
1746 LAFOND AVE	ROSEMARY E OBRIEN	SINGLE FAMILY DWELLING, PLATTED LOT	$297,600	141 ft
1750 LAFOND AVE	STEVEN J HIEBERT	SINGLE FAMILY DWELLING, PLATTED LOT	$232,100	141 ft
1754 LAFOND AVE	TAN THI HO LUAN NGOC NGUYEN	SINGLE FAMILY DWELLING, PLATTED LOT	$351,200	151 ft
1742 LAFOND AVE	HESTER L MAY	SINGLE FAMILY DWELLING, PLATTED LOT	$202,000	152 ft
1738 LAFOND AVE	KENNETH NIX SAMANTHA JEAN FERGUSON	SINGLE FAMILY DWELLING, PLATTED LOT	$395,700	169 ft
1758 LAFOND AVE	DOMONIQUE NICHOLE TAYLOR	SINGLE FAMILY DWELLING, PLATTED LOT	$242,600	169 ft
1731 THOMAS AVE	GODLAND GROUP, LLC	APARTMENTS 7-19 RENTAL UNITS	$569,300	180 ft

Property History

Most Recent Sale

Date2024-08-30

Price$760,000

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.