1339 SHERBURNE AVE

PID: 342923130150· 2 fields stubbed (see below)

Property Overview

Parcel ID342923130150

Lot Size10,019 sq ft (0.230 ac)

Lot Dimensions (est.)82 ft wide × 122 ft deep

Year Built1940

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerERIC M KUSTRITZ

Assessed Value$1,673,200

Land Value$380,000

Building Value$1,293,200

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

Hamline Midway Coalition · Saint Paul

Median reported rent1,126/mo

Renter-occupied24.6%

Median home value$249K

Vacancy rate1.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 323

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 width72 ft

Buildable depth82 ft

Area~3,511 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 3,511 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1331 SHERBURNE AVE	JOEL G CHERMAK	SINGLE FAMILY DWELLING, PLATTED LOT	$286,500	61 ft
1327 SHERBURNE AVE	JOHNNIE E MCCALISTER	SINGLE FAMILY DWELLING, PLATTED LOT	$262,600	101 ft
1343 SHERBURNE AVE	RANDY R BLOCH	TWO FAMILY DWELLING - SIDE/SIDE	$276,500	119 ft
540 HAMLINE AVE N	ROY T YANG SANG YANG	EXEMPT, CHURCH, PUBLIC WORSHIP, PRIV	$311,900	141 ft
1323 SHERBURNE AVE	MATTHEW FISHER ANN GIEBEL FISHER	SINGLE FAMILY DWELLING, PLATTED LOT	$246,700	142 ft
1345 SHERBURNE AVE	ROMMIE D COX LORITA L COX	SINGLE FAMILY DWELLING, PLATTED LOT	$227,700	160 ft
1326 CHARLES AVE	JAKRIS LTD	TWO FAMILY DWELLING - UP/DWN	$253,400	173 ft
0 SHERBURNE AVE	PPL HAMLINE STATION LLC	COMMERCIAL VACANT LAND	$234,600	178 ft
1319 SHERBURNE AVE	LYNDA LEE DAVIS	SINGLE FAMILY DWELLING, PLATTED LOT	$215,100	182 ft
1342 CHARLES AVE	DEREK JAAKOLA	SINGLE FAMILY DWELLING, PLATTED LOT	$390,100	185 ft

Property History

Most Recent Sale

Date1997-10-30

Price$203,500

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.