483 LYNNHURST AVE W

PID: 332923310101· 2 fields stubbed (see below)

Property Overview

Parcel ID332923310101

Lot Size23,958 sq ft (0.550 ac)

Lot Dimensions (est.)230 ft wide × 104 ft deep

Year Built1947

Property ClassAPARTMENTS 20-49 RENTAL UNITS

Owner483 LYNNHURST LLC

Assessed Value$2,039,700

Land Value$500,000

Building Value$1,539,700

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

3 permits on record since 2021 · $17K total declared value · Most recent: May 2024 (electrical)

ElectricalMay 2024Finaled

$15K

Mr Bryan Hayes Bakken Electric, LLC

ElectricalMar 2024Active/Issued

$1K

LINDBERG ELECTRIC LLC

MechanicalOct 2021Active/Issued

$600

AMBER BRICK ALL CLIMATE MECHANICAL LLC

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 width220 ft

Buildable depth64 ft

Area~12,270 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 12,270 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
487 LYNNHURST AVE W	KATHRYN A HENDRICKSON	SINGLE FAMILY DWELLING, PLATTED LOT	$161,000	68 ft
493 LYNNHURST AVE W	KAI GOOD KATHERINE GOOD	TWO FAMILY DWELLING - UP/DWN	$293,900	99 ft
471 LYNNHURST AVE W	GPH ST PAUL LYNNHURST LLC	NURSING HOME AND PRIVATE HOSPITAL	$2,114,500	103 ft
499 LYNNHURST AVE W	LM PROPERTIES OF SAINT PAUL LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$316,100	134 ft
6 OAKLEY AVE	AIM PROPERTIES LLC	TWO FAMILY DWELLING - UP/DWN	$375,800	169 ft
472 PRIOR AVE N	VOYAGEUR PRIOR AVENUE LLC	OTHER INDUSTRIAL STRUCTURE	$1,303,800	198 ft
12 OAKLEY AVE	SUPERIOR FINANCING INC	SINGLE FAMILY DWELLING, PLATTED LOT	$200,700	204 ft
461 LYNNHURST AVE W	THUL HOLDINGS LLC	APARTMENTS 7-19 RENTAL UNITS	$1,985,900	208 ft
460 PRIOR AVE N	MOTORCAT LLC	OTHER INDUSTRIAL STRUCTURE	$455,000	221 ft
492 PRIOR AVE N	KEVIN P RAMIREZ	IND WAREHOUSE	$253,100	242 ft

Property History

Most Recent Sale

Date2023-12-20

Price$2,000,000

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.