408 CLEVELAND AVE N

PID: 332923320025· 2 fields stubbed (see below)

Property Overview

Parcel ID332923320025

Lot Size16,117 sq ft (0.370 ac)

Lot Dimensions (est.)120 ft wide × 134 ft deep

Year Built1971

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerSAGSTETTER PROPERTIES LLC

Assessed Value$1,494,800

Land Value$420,000

Building Value$1,074,800

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

2 permits on record since 2015 · $4K total declared value · Most recent: Jan 2022 (electrical)

ElectricalJan 2022Finaled

$4K

TIM KUNKEL ELECTRIC LLC

Building PermitOct 2015Finaled

—

Pat Addy GREENGUARD CONSTRUCTION INC

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 rent1,164/mo

Renter-occupied48.6%

Median home value$365K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 333

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 width110 ft

Buildable depth94 ft

Area~7,244 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 3-story wood frame (5–12 units) benchmarks for 7,244 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
402 CLEVELAND AVE N	WON HOLDINGS LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$274,700	87 ft
2040 ST ANTHONY AVE	JACOB VAN LOH LAUREN VAN LOH	SINGLE FAMILY DWELLING, PLATTED LOT	$293,500	106 ft
0 CLEVELAND AVE N	BENJAMIN C BUCHHOLTZ	APARTMENT VACANT LAND	$32,400	120 ft
2036 ST ANTHONY AVE	BRIAN J KELLY	SINGLE FAMILY DWELLING, PLATTED LOT	$325,900	147 ft
394 CLEVELAND AVE N	BENJAMIN C BUCHHOLTZ	APARTMENTS 7-19 RENTAL UNITS	$1,089,500	159 ft
2030 ST ANTHONY AVE	HELEN B HANSCHEN	SINGLE FAMILY DWELLING, PLATTED LOT	$369,900	193 ft
401 CLEVELAND AVE N	LAURA JOY BEARDEN	SINGLE FAMILY DWELLING, PLATTED LOT	$290,000	196 ft
390 CLEVELAND AVE N	ELIZABETH A SCHMIT	SINGLE FAMILY DWELLING, PLATTED LOT	$303,200	205 ft
395 CLEVELAND AVE N	ROBERT T BUSHARD	SINGLE FAMILY DWELLING, PLATTED LOT	$328,800	219 ft
2022 ST ANTHONY AVE	RICHARD H BARTUSCH LINDA BARTUSCH	SINGLE FAMILY DWELLING, PLATTED LOT	$301,600	242 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.