605 THOMAS AVE

PID: 362923220193· 2 fields stubbed (see below)

Property Overview

Parcel ID362923220193

Lot Size4,792 sq ft (0.110 ac)

Lot Dimensions (est.)40 ft wide × 119 ft deep

Year Built1999

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerMICHELLE DACRES NEHEMIAH ISAIAH DACRES

Assessed Value$295,000

Land Value$25,000

Building Value$270,000

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Saint Paul open data for this parcel.

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

H1Residential

Residential — small-scale multi-unit housing (up to 4 units)

Typical Uses

·Single-family homes
·Duplexes
·Triplexes
·4-unit buildings

Max Height35 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth99 ft

Area~2,093 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 2,093 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
603 THOMAS AVE	GARRY KOPP	SINGLE FAMILY DWELLING, PLATTED LOT	$114,600	40 ft
609 THOMAS AVE	DAVID M KELLY	SINGLE FAMILY DWELLING, PLATTED LOT	$220,200	40 ft
615 THOMAS AVE	WNGS HOLDINGS LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$170,500	77 ft
597 THOMAS AVE	QUALITY RESIDENCES LLC	THREE FAMILY DWELLING, PLATTED LOT	$220,500	80 ft
602 DALE ST N	CITY OF ST PAUL	EXEMPT, VACANT LAND	$31,400	116 ft
595 THOMAS AVE	QUOC BAO NGUYEN	SINGLE FAMILY DWELLING, PLATTED LOT	$287,700	120 ft
606 LAFOND AVE	CHANG PROPERTIES LLC	TWO FAMILY DWELLING - UP/DWN	$126,400	140 ft
602 LAFOND AVE	5 6 HLS LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$131,400	146 ft
608 LAFOND AVE	FRANCISCO R CABALLERO JUANITA CABALLERO	SINGLE FAMILY DWELLING, PLATTED LOT	$185,400	146 ft
589 THOMAS AVE	LESLIE A ORTEGA	TWO FAMILY DWELLING - UP/DWN	$222,500	159 ft

Property History

Most Recent Sale

Date2024-05-07

Price$280,000

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.