405 FAIRVIEW AVE N

PID: 332923310053· 2 fields stubbed (see below)

Property Overview

Parcel ID332923310053

Lot Size7,841 sq ft (0.180 ac)

Lot Dimensions (est.)160 ft wide × 49 ft deep

Year Built1954

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerMSP PROPERTIES I

Assessed Value$482,300

Land Value$140,000

Building Value$342,300

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 width150 ft

Buildable depth9 ft

Area~1,199 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 sfr / adu benchmarks for 1,199 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
409 FAIRVIEW AVE N	ANNETTE E KIRCHNER JESSE A ROYER	TWO FAMILY DWELLING - UP/DWN	$284,100	50 ft
401 FAIRVIEW AVE N	ELIJAH-TRUTH AVIDAN KAITLYN AVIDAN	TWO FAMILY DWELLING - UP/DWN	$445,400	50 ft
395 FAIRVIEW AVE N	HEIGHTS APARTMENTS LLC	APARTMENTS 7-19 RENTAL UNITS	$472,900	100 ft
415 FAIRVIEW AVE N	NORTH COUNTRY HOLDINGS, LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$229,300	100 ft
419 FAIRVIEW AVE N	RUDOLPH F KESSLER JR SHARON L KESSLER	APARTMENTS 7-19 RENTAL UNITS	$615,200	150 ft
389 FAIRVIEW AVE N	JODIE GLASPIE	TWO FAMILY DWELLING - UP/DWN	$385,800	150 ft
400 DEWEY ST	UNION PARK APARTMENTS LLC	APARTMENTS 20-49 RENTAL UNITS	$2,623,100	188 ft
423 FAIRVIEW AVE N	ROBERT E MCGARRY ANNE M DONOHUE	TWO FAMILY DWELLING - UP/DWN	$282,800	200 ft
420 DEWEY ST	JUVENTINO HERNANDEZ	TWO FAMILY DWELLING - UP/DWN	$327,200	208 ft
428 DEWEY ST	SHANNON LINDSTEDT DOUGLASS STEPHENS	SINGLE FAMILY DWELLING, PLATTED LOT	$514,300	232 ft

Property History

Most Recent Sale

Date2009-09-25

Price$305,000

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.