500 SHERBURNE AVE

PID: 362923230267· 2 fields stubbed (see below)

Property Overview

Parcel ID362923230267

Lot Size4,792 sq ft (0.110 ac)

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

Year Built1884

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerEVEY PROPERTIES INC

Assessed Value$678,500

Land Value$120,000

Building Value$558,500

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 ↗

Potentially 4d-Eligible PropertyMedium

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 ↗

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

H2Residential

Residential — medium-density multi-unit housing (up to 5 units)

Typical Uses

·Apartment buildings (up to 5 units)
·Duplexes
·Townhomes

Max Height39 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~2,062 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 2,062 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
506 SHERBURNE AVE	COLTON WERNER	SINGLE FAMILY DWELLING, PLATTED LOT	$168,300	40 ft
508 SHERBURNE AVE	BINH KIM HO THIEN VAN TRAN	SINGLE FAMILY DWELLING, PLATTED LOT	$194,400	80 ft
514 SHERBURNE AVE	MINNESOTA LG	SINGLE FAMILY DWELLING, PLATTED LOT	$164,700	120 ft
501 UNIVERSITY AVE W	5-6 HLS LLC	RESTAURANT AND/OR BAR	$670,500	129 ft
507 UNIVERSITY AVE W	SAMANTHA HO CAO	MANUFACTURING AND ASSEMBLY LIGHT	$476,200	135 ft
509 UNIVERSITY AVE W	MARK C POLSKI TR	SMALL (UNDER 10,000 SF) DET. RETAIL	$533,400	152 ft
491 UNIVERSITY AVE W	PASE LOR CHUEYI LOR	MEDICAL CLINIC	$1,010,700	156 ft
518 SHERBURNE AVE	ALISSA K RUTHERFORD	SINGLE FAMILY DWELLING, PLATTED LOT	$198,100	160 ft
501 SHERBURNE AVE	MELISSA BECERRA	SINGLE FAMILY DWELLING, PLATTED LOT	$233,800	190 ft
507 SHERBURNE AVE	ALEJANDRO MERINO CRISTINA MERINO	SINGLE FAMILY DWELLING, PLATTED LOT	$211,600	194 ft

Property History

Most Recent Sale

Date2022-03-30

Price$650,000

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.