408 WHEELER ST N

PID: 332923420127· 2 fields stubbed (see below)

Property Overview

Parcel ID332923420127

Lot Size5,227 sq ft (0.120 ac)

Lot Dimensions (est.)127 ft wide × 41 ft deep

Year Built1935

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerKVASNIK PROPERTIES II LLC

Assessed Value$802,700

Land Value$200,000

Building Value$602,700

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

1 permit on record since 2015 · $70 total declared value · Most recent: Dec 2015 (electrical)

ElectricalDec 2015Finaled

$70

NORTH STAR SERVICES ELECTRIC 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 width117 ft

Buildable depth1 ft

Area~12 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 12 sqft buildable area.

Est. units

Yield on cost

4.5%

Spread

-1.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
406 WHEELER ST N	SUZANNE DE LA HOUSSAYE	SINGLE FAMILY DWELLING, PLATTED LOT	$392,600	40 ft
412 WHEELER ST N	JEFFREY M SAMBS	THREE FAMILY DWELLING, PLATTED LOT	$359,200	60 ft
402 WHEELER ST N	ELISABETH M GOODMAN	TWO FAMILY DWELLING - UP/DWN	$263,200	80 ft
396 WHEELER ST N	HOUSES FOR RENT LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$323,100	120 ft
1752 SHIELDS AVE	XINSONG LI	APARTMENTS 4-6 RENTAL UNITS	$571,600	124 ft
1746 SHIELDS AVE	NATASHA MARIA HASSETT NAIRY MARIE DIGRIS	SINGLE FAMILY DWELLING, PLATTED LOT	$218,900	125 ft
407 HERSCHEL ST	ANNA E GROWCOTT KRISTOPHER B GROWCOTT	TWO FAMILY DWELLING - UP/DWN	$386,400	141 ft
405 HERSCHEL ST	JUSTIN PECK KATHERINE KRAFT	SINGLE FAMILY DWELLING, PLATTED LOT	$412,900	147 ft
411 HERSCHEL ST	ALEJANDRO DE LA MORA VICTORIA DE LA MORA	SINGLE FAMILY DWELLING, PLATTED LOT	$370,800	147 ft
392 WHEELER ST N	SANDRA TRAUDT DEE JOEL TRAUDT	SINGLE FAMILY DWELLING, PLATTED LOT	$390,200	161 ft

Property History

Most Recent Sale

Date2008-12-16

Price$420,000

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.