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.
1 permit on record since 2016 · $6K total declared value · Most recent: Oct 2016 (building permit)
BINH LE
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 small multifamily (2–4 units, wood frame) benchmarks for 1,323 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 868 THOMAS AVE | COOPER J OLSON | SINGLE FAMILY DWELLING, PLATTED LOT | $249,900 | 47 ft |
| 872 THOMAS AVE | DAYTONS BLUFF NGHBRHD HOUSING SERVS | SINGLE FAMILY DWELLING, PLATTED LOT | $229,000 | 84 ft |
| 876 THOMAS AVE | KAO MOUA | TWO FAMILY DWELLING - UP/DWN | $284,300 | 123 ft |
| 858 THOMAS AVE | 858 THOMAS LLC | MIXED RESID/COMMERCIAL | $568,800 | 131 ft |
| 583 VICTORIA ST N | JOSEPH SEBAST EMILY MILLER | SINGLE FAMILY DWELLING, PLATTED LOT | $271,800 | 140 ft |
| 869 EDMUND AVE | DRV PROPERTY MANAGEMENT LLC | SINGLE FAMILY DWELLING, PLATTED LOT | $234,600 | 148 ft |
| 873 EDMUND AVE | HAWKEYE REAL ESTATE INVESTMENTS LLC | SINGLE FAMILY DWELLING, PLATTED LOT | $226,500 | 163 ft |
| 880 THOMAS AVE | ERIC M KUSTRITZ | SINGLE FAMILY DWELLING, PLATTED LOT | $212,600 | 164 ft |
| 576 VICTORIA ST N | HPA JV BORROWER 2019-1 ATH LLC | SINGLE FAMILY DWELLING, PLATTED LOT | $271,800 | 179 ft |
| 875 EDMUND AVE | SANDRA R LOEW | SINGLE FAMILY DWELLING, PLATTED LOT | $256,000 | 186 ft |
Most Recent Sale