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.
2 permits on record since 2020 · $23K total declared value · Most recent: Jun 2024 (electrical)
Theresa Diviine REBEL ELECTRIC LLC
JEFFREY BORNS CORPORATE MECHANICAL INC
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
Multi-family Residential 2 — medium-intensity apartment (5 stories max)
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 5-over-1 podium (12–50 units) benchmarks for 20,349 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1033 THOMAS AVE | ERAG AUTO LLC | IND WAREHOUSE | $819,200 | 133 ft |
| 1010 LAFOND AVE | ABC RENTALS LLC | APARTMENTS 7-19 RENTAL UNITS | $983,200 | 166 ft |
| 1044 LAFOND AVE | LUIS MANUAL URRUTIA | SINGLE FAMILY DWELLING, PLATTED LOT | $226,200 | 190 ft |
| 1035 LAFOND AVE | THERESA LLOYD | SINGLE FAMILY DWELLING, PLATTED LOT | $269,100 | 211 ft |
| 1027 LAFOND AVE | ASHEIPUH YVETTE | SINGLE FAMILY DWELLING, PLATTED LOT | $339,000 | 213 ft |
| 1041 THOMAS AVE | THOMAS DECO LLC | MIXED RESID/COMMERCIAL | $363,900 | 220 ft |
| 1039 LAFOND AVE | BETHANY A ASSELL JACOB BONDE | SINGLE FAMILY DWELLING, PLATTED LOT | $280,400 | 222 ft |
| 1021 LAFOND AVE | ZONGCHENG YANG SHENG VANG | SINGLE FAMILY DWELLING, PLATTED LOT | $275,200 | 227 ft |
| 1004 LAFOND AVE | YI FEI WANG | TWO FAMILY DWELLING - UP/DWN | $276,000 | 233 ft |
| 1009 THOMAS AVE | DAVID R DIERENFIELD MARGARET A STREET | SINGLE FAMILY DWELLING, PLATTED LOT | $242,100 | 233 ft |