490 LYNNHURST AVE UNIT 4

PID: 332923240084· 2 fields stubbed (see below)

Property Overview

Parcel ID332923240084

Lot Size26,136 sq ft (0.500 ac)

Lot Dimensions (est.)168 ft wide × 156 ft deep

Year Built1991

Property ClassAPARTMENTS 50-99 RENTAL UNITS

OwnerIRIS PARK COMMONS

Assessed Value$7,276,400

Land Value$1,180,000

Building Value$6,096,400

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 2017 · $4K total declared value · Most recent: Aug 2017 (elevating device)

Elevating DeviceAug 2017Finaled

$4K

SCHINDLER ELEVATOR CORPORATION

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

Neighborhood Profile

Union Park District Council · Saint Paul

Median reported rent1,340/mo

Renter-occupied68.6%

Median home value$278K

Vacancy rate12.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 332

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 width158 ft

Buildable depth116 ft

Area~11,504 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 5-over-1 podium (12–50 units) benchmarks for 11,504 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
490 LYNNHURST AVE UNIT 5	IRIS PARK COMMONS	APARTMENTS 50-99 RENTAL UNITS	$5,847,700	170 ft
1860 UNIVERSITY AVE W	EPISCOPAL HOMES ON UNIVERSITY AVENUE LLC	NURSING HOME AND PRIVATE HOSPITAL	$6,200,300	184 ft
1880 UNIVERSITY AVE W	MIDWAY POINTE	APARTMENTS 50-99 RENTAL UNITS	$6,812,000	184 ft
502 LYNNHURST AVE E	TERRACE AT IRIS PARK LLC	APARTMENTS 50-99 RENTAL UNITS	$10,461,400	184 ft
502 LYNNHURST AVE E	TERRACE AT IRIS PARK LLC	RETAIL CONDOMINIUM	$225,400	184 ft
1879 FERONIA AVE UNIT 3	EPISCOPAL CHURCH HOME OF MINNESOTA	EXEMPT, CHARITABLE HOSP./NURSG HOME	$6,636,200	218 ft
1 IRIS PL	JAMIE W LINDFORS KATHERINE M MARTIN	SINGLE FAMILY DWELLING, PLATTED LOT	$400,600	301 ft
1884 UNIVERSITY AVE W	CITY OF ST PAUL	EXEMPT, VACANT LAND	$588,000	312 ft
457 LYNNHURST AVE E	JON S PENDERGRAST	SINGLE FAMILY DWELLING, PLATTED LOT	$299,100	343 ft
5 IRIS PL	RENATA M GILMORE BENJAMIN J GILMORE	SINGLE FAMILY DWELLING, PLATTED LOT	$690,900	345 ft

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.