Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗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 ↗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 ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.
Metro Council — Environmental Response Fund ↗Signals are based on public datasets; program eligibility requires verification.
7 permits on record since 2019 · $1.4M total declared value · Most recent: May 2025 (electrical)
KAY NGUYEN ALLIED ELECTRIC COMPANY OF MINNESOTA
DONALD STEELE D & J STEELE CONSTRUCTION INC
MITCH HURTGEN COMMERCIAL ROOFING AND SHEET METAL INC
MITCH HURTGEN COMMERCIAL ROOFING AND SHEET METAL INC
Merit Electric Co
Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Frogtown Neighborhood Association · Saint Paul
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 325
Traditional Neighborhood 3 — medium-intensity mixed-use
Most Recent Sale
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 642 SHERBURNE AVE | NEIGHBORHOOD COMMERCIAL SPACES LLC | SINGLE FAMILY DWELLING, PLATTED LOT | $183,400 | 100 ft |
| 651 UNIVERSITY AVE W | LIANG SHENG LLC | DAYCARE CENTER | $682,700 | 132 ft |
| 636 SHERBURNE AVE | TOU YANG LA XIONG | SINGLE FAMILY DWELLING, PLATTED LOT | $225,100 | 139 ft |
| 647 UNIVERSITY AVE W | CHERYL LEE MANN | DRIVE-IN REST/FOOD SRV FACILITY | $434,400 | 140 ft |
| 655 SHERBURNE AVE | OUDAM TUN TEA | RESIDENTIAL, VACANT LAND, LOT | $25,000 | 179 ft |
| 651 SHERBURNE AVE | DRB #24 LLC | SINGLE FAMILY DWELLING, PLATTED LOT | $161,100 | 179 ft |
| 663 UNIVERSITY AVE W | AMERICAN NATIONAL BANK | FULL SERVICE BANK | $2,140,300 | 181 ft |
| 647 SHERBURNE AVE | SISAY A AYELE LULIT ZELEKE | SINGLE FAMILY DWELLING, PLATTED LOT | $213,500 | 188 ft |
| 657 SHERBURNE AVE | AYCHOEUN TEA | SINGLE FAMILY DWELLING, PLATTED LOT | $199,500 | 188 ft |
| 663 SHERBURNE AVE | TONG LEE | SINGLE FAMILY DWELLING, PLATTED LOT | $166,000 | 204 ft |