507 VAN BUREN AVE

PID: 362923220026· 2 fields stubbed (see below)

Property Overview

Parcel ID362923220026

Lot Size8,712 sq ft (0.190 ac)

Lot Dimensions (est.)68 ft wide × 127 ft deep

Year Built1889

Property ClassTWO FAMILY DWELLING - UP/DWN

OwnerBEE VUE

Assessed Value$224,800

Land Value$25,000

Building Value$199,800

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

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 ↗

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 ↗

LIHTC 30% Basis BoostMedium

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 ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2016 · $4K total declared value · Most recent: Mar 2016 (building permit)

Building PermitMar 2016Finaled

$4K

Bee Vue

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Frogtown Neighborhood Association · Saint Paul

Median reported rent1,185/mo

Renter-occupied47.6%

Median home value$154K

Vacancy rate14.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 326

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 width58 ft

Buildable depth87 ft

Area~2,366 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 small multifamily (2–4 units, wood frame) benchmarks for 2,366 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
511 VAN BUREN AVE	MEYLIN O RAMIREZ RIVERA	TWO FAMILY DWELLING - UP/DWN	$226,200	64 ft
513 VAN BUREN AVE	TSEHAY FIRESSA	SINGLE FAMILY DWELLING, PLATTED LOT	$206,100	118 ft
713 MACKUBIN ST	BEE VUE	APARTMENTS 4-6 RENTAL UNITS	$1,006,600	138 ft
493 VAN BUREN AVE	THOMAS NELSON JR RANETTIA ALEXANDER NELSON	SINGLE FAMILY DWELLING, PLATTED LOT	$318,200	154 ft
519 VAN BUREN AVE	ST PAUL PUBLIC HOUSING AGENCY	RES/EXEMPT TWO FAM DWELLING - UP/DWN	$334,100	168 ft
500 VAN BUREN AVE	KHANH PHAM THI NGOC VAN PHAM	SINGLE FAMILY DWELLING, PLATTED LOT	$262,600	190 ft
508 VAN BUREN AVE	SALAH AHMED MUSE	SINGLE FAMILY DWELLING, PLATTED LOT	$262,800	200 ft
512 VAN BUREN AVE	NURUDDIN ISSE DEKHA ABDULLE	SINGLE FAMILY DWELLING, PLATTED LOT	$294,400	216 ft
525 VAN BUREN AVE	DAVID R RODRIGUEZ ROSALINDA M TREJO	SINGLE FAMILY DWELLING, PLATTED LOT	$191,500	218 ft
496 VAN BUREN AVE	LEE LU EH MOO	SINGLE FAMILY DWELLING, PLATTED LOT	$290,800	225 ft

Property History

Most Recent Sale

Date2008-05-28

Price$47,000

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.