461 LYNNHURST AVE W

PID: 332923310018· 2 fields stubbed (see below)

Property Overview

Parcel ID332923310018

Lot Size20,473 sq ft (0.460 ac)

Lot Dimensions (est.)205 ft wide × 100 ft deep

Year Built1963

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerTHUL HOLDINGS LLC

Assessed Value$1,985,900

Land Value$360,000

Building Value$1,625,900

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

No permits found in Saint Paul open data for this parcel.

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 width195 ft

Buildable depth60 ft

Area~9,695 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 9,695 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 LYNNHURST AVE W	IRIS PARK APARTMENTS LLC	APARTMENT VACANT LAND	$39,900	75 ft
471 LYNNHURST AVE W	GPH ST PAUL LYNNHURST LLC	NURSING HOME AND PRIVATE HOSPITAL	$2,114,500	105 ft
441 LYNNHURST AVE W	IRIS PARK APARTMENTS LLC	APARTMENTS 7-19 RENTAL UNITS	$1,890,200	129 ft
448 PRIOR AVE N	MICHAEL COURY	COMMERCIAL VACANT LAND	$135,000	176 ft
431 LYNNHURST AVE W	IRIS PARK APARTMENTS LLC	APARTMENTS 4-6 RENTAL UNITS	$396,800	184 ft
444 LYNNHURST AVE W	RS EDEN	EXEMPT, WELFARE/CHARIT FACILITY	$656,300	184 ft
9 IRIS PL	CAROLYN M CAHILL	SINGLE FAMILY DWELLING, PLATTED LOT	$304,100	186 ft
444 PRIOR AVE N	BLAZINA PROPERTIES II LLC	SMALL (UNDER 10,000 SF) DET. RETAIL	$523,600	188 ft
460 PRIOR AVE N	MOTORCAT LLC	OTHER INDUSTRIAL STRUCTURE	$455,000	204 ft
483 LYNNHURST AVE W	483 LYNNHURST LLC	APARTMENTS 20-49 RENTAL UNITS	$2,039,700	208 ft

Property History

Most Recent Sale

Date1996-01-02

Price$230,000

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.