562 THOMAS AVE

PID: 362923230119· 2 fields stubbed (see below)

Property Overview

Parcel ID362923230119

Lot Size4,792 sq ft (0.110 ac)

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

Year Built1971

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerJUAN A LAZO ALVAREZ ZIOLA I ALVAREZ

Assessed Value$241,500

Land Value$25,000

Building Value$216,500

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~2,060 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 2,060 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
564 THOMAS AVE	CRAIG A MASSEY	SINGLE FAMILY DWELLING, PLATTED LOT	$162,500	40 ft
568 THOMAS AVE	TANG LEE	SINGLE FAMILY DWELLING, PLATTED LOT	$211,100	80 ft
581 KENT ST	FRONK REAL ESTATE LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$109,400	109 ft
574 THOMAS AVE	DARLENE F HEIMER	TWO FAMILY DWELLING - UP/DWN	$191,000	120 ft
554 THOMAS AVE	ST PAUL PUBLIC HOUSING AGENCY	RES/EXEMPT TWO FAM DWEL. - SIDE/SIDE	$346,700	125 ft
567 EDMUND AVE	LUKE T SCHNEIDER ANDREW M JOHNSON	SINGLE FAMILY DWELLING, PLATTED LOT	$278,100	144 ft
571 EDMUND AVE	SOUASUE LEE	SINGLE FAMILY DWELLING, PLATTED LOT	$161,500	160 ft
578 THOMAS AVE	JOCELYN M JACKS	SINGLE FAMILY DWELLING, PLATTED LOT	$242,000	160 ft
561 EDMUND AVE	YOUNG ADULT KOINONIA	EXEMPT, OFFICE BUILDING	$80,400	171 ft
553 EDMUND AVE	MARISSA L. MOORE DICKENS JUSTIN T. MORGAN	SINGLE FAMILY DWELLING, PLATTED LOT	$223,000	180 ft

Property History

Most Recent Sale

Date2001-08-10

Price$112,000

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.