1940 IGLEHART AVE

PID: 332923340123· 2 fields stubbed (see below)

Property Overview

Parcel ID332923340123

Lot Size10,454 sq ft (0.730 ac)

Lot Dimensions (est.)224 ft wide × 47 ft deep

Year Built1972

Property ClassAPARTMENTS 20-49 RENTAL UNITS

OwnerLOMBARDO FAMILY LLLP

Assessed Value$3,481,300

Land Value$640,000

Building Value$2,841,300

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

4 permits on record since 2016 · $276K total declared value · Most recent: Oct 2023 (electrical)

ElectricalOct 2023Active/Issued

$250

Brian Lyons Electric, Fire & Security

Building PermitSep 2022Active/Issued

$272K

MIKE FINKEN CC AL SCHUNA PETERSON BROS ROOFING AND CONSTRUCTION INC

Building PermitSep 2020Inspected

—

LARVINETTE SERVICES

Building PermitSep 2016Finaled

$4K

KEVIN RAMIREZ E Z MASONRY 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

RM1Low-Density Multiple-Family Residential

Multi-family Residential 1 — low-intensity apartment (3 stories max)

Typical Uses

·Apartment buildings
·Condominiums
·Townhomes

Max Height40 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 width214 ft

Buildable depth7 ft

Area~18,699 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 18,699 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1924 IGLEHART AVE	NISSA I ERICKSON	SINGLE FAMILY DWELLING, PLATTED LOT	$595,400	149 ft
1939 MARSHALL AVE	NORTHSTAR INVESTMENT PROP LLP	APARTMENTS 20-49 RENTAL UNITS	$3,174,800	162 ft
1939 IGLEHART AVE	1939 IGLEHART AVENUE LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$357,500	190 ft
1925 MARSHALL AVE	MICHAEL MUGAAS	TWO FAMILY DWELLING - UP/DWN	$537,400	197 ft
1945 IGLEHART AVE	WHITNEY BECK MARTINEZ BRYAN ALEXANDER MARTINEZ	SINGLE FAMILY DWELLING, PLATTED LOT	$321,700	206 ft
1935 IGLEHART AVE	MARY BETH SPEER	SINGLE FAMILY DWELLING, PLATTED LOT	$240,700	212 ft
1954 IGLEHART AVE	DANIEL J KOLAR CLARE E KOLAR	APARTMENTS 4-6 RENTAL UNITS	$726,200	215 ft
1931 IGLEHART AVE	IAN G MARSH LAUREN O MARSH	SINGLE FAMILY DWELLING, PLATTED LOT	$381,900	221 ft
1914 IGLEHART AVE	DAVID J DORAN STEFANIE T DORAN	APARTMENTS 4-6 RENTAL UNITS	$550,100	224 ft
1921 MARSHALL AVE	CHRISTOPHER D JENSEN TR	TWO FAMILY DWELLING - UP/DWN	$429,700	233 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.