1840 UNIVERSITY AVE W UNIT 2

PID: 332923310111· 2 fields stubbed (see below)

Property Overview

Parcel ID332923310111

Lot Size32,234 sq ft (0.730 ac)

Lot Dimensions (est.)325 ft wide × 99 ft deep

Year Built2004

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerCORNELIA HOUSE

Assessed Value$6,051,200

Land Value$940,000

Building Value$5,111,200

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 width315 ft

Buildable depth59 ft

Area~15,258 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 15,258 sqft buildable area.

Est. units

111

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1830 UNIVERSITY AVE W UNIT 1	SEABURY	ASSISTED LIVING APT COMPLEX	$5,798,100	125 ft
1838 FERONIA AVE	HAYLEY M BUSH CARL SCHLUETER	SINGLE FAMILY DWELLING, PLATTED LOT	$260,500	210 ft
1832 FERONIA AVE	BERNARDO JAVIER CRISANTO ALINA V CRISANTO	TWO FAMILY DWELLING - UP/DWN	$273,900	221 ft
1842 FERONIA AVE	ERICK MCCABE	SINGLE FAMILY DWELLING, PLATTED LOT	$465,600	232 ft
1850 FERONIA AVE	MICHAEL A BUSCHBACH	SINGLE FAMILY DWELLING, PLATTED LOT	$628,000	245 ft
451 FAIRVIEW AVE N	FAIR HOUSING LLC	APARTMENTS 7-19 RENTAL UNITS	$2,173,100	246 ft
490 LYNNHURST AVE UNIT 5	IRIS PARK COMMONS	APARTMENTS 50-99 RENTAL UNITS	$5,847,700	284 ft
1862 FERONIA AVE	C3 INVESTMENTS LLP	APARTMENTS 7-19 RENTAL UNITS	$1,425,100	290 ft
1879 FERONIA AVE UNIT 3	EPISCOPAL CHURCH HOME OF MINNESOTA	EXEMPT, CHARITABLE HOSP./NURSG HOME	$6,636,200	296 ft
1810 UNIVERSITY AVE W	JS & SK ENTERPRISES INC	DRIVE-IN REST/FOOD SRV FACILITY	$1,624,700	299 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.