428 SHERBURNE AVE

PID: 362923240094· 2 fields stubbed (see below)

Property Overview

Parcel ID362923240094

Lot Size4,792 sq ft (0.110 ac)

Lot Dimensions (est.)40 ft wide × 121 ft deep

Year Built1885

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerMARIA NGUYEN

Assessed Value$188,500

Land Value$25,000

Building Value$163,500

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

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 depth101 ft

Area~1,958 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 1,958 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
424 SHERBURNE AVE	DIVINE MOHAMMAD	TWO FAMILY DWELLING - UP/DWN	$215,600	40 ft
432 SHERBURNE AVE	JACKIE BURGOON	SINGLE FAMILY DWELLING, PLATTED LOT	$151,400	47 ft
441 UNIVERSITY AVE W	IFO REAL ESTATE LLC	MIXED RETAIL/COMMERCIAL	$1,071,700	78 ft
418 SHERBURNE AVE	418 SHERBURNE LLC	APARTMENTS 4-6 RENTAL UNITS	$1,220,200	100 ft
433 UNIVERSITY AVE W	PHUONG LA NGUYEN	SMALL (UNDER 10,000 SF) DET. RETAIL	$542,100	128 ft
425 UNIVERSITY AVE W	LA NGUYEN LLC	MIXED RESID/COMMERCIAL	$584,100	134 ft
437 UNIVERSITY AVE W	PHO CA DAO LLC	MIXED RESID/COMMERCIAL	$664,500	147 ft
414 SHERBURNE AVE	KENNY LAM	SINGLE FAMILY DWELLING, PLATTED LOT	$124,500	159 ft
421 UNIVERSITY AVE W	DGW & M HOLDINGS INC	MIXED RESID/COMMERCIAL	$1,276,900	175 ft
442 SHERBURNE AVE	ABIGAIL PROPERTIES LLC	TWO FAMILY DWELLING - UP/DWN	$306,200	183 ft

Property History

Most Recent Sale

Date2004-07-30

Price$25,000

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.