400 AURORA AVE

PID: 362923310046· 2 fields stubbed (see below)

Property Overview

Parcel ID362923310046

Lot Size9,583 sq ft (0.220 ac)

Lot Dimensions (est.)70 ft wide × 69 ft deep

Year Built1979

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerLUCIUS A ANDERSON

Assessed Value$261,300

Land Value$42,000

Building Value$219,300

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

Summit-University Planning Council · Saint Paul

Median reported rent820/mo

Renter-occupied80.4%

Median home value$293K

Vacancy rate3.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 336

Zoning

RM1Low-Density Multiple-Family Residential

Multi-family Residential 1 — low-intensity apartment (3 stories max)

Typical Uses

·Apartment buildings
·Condominiums
·Townhomes

Max Height40 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 width60 ft

Buildable depth29 ft

Area~2,921 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 2,921 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
404 AURORA AVE	JACOB CROONENBERGHS	SINGLE FAMILY DWELLING, PLATTED LOT	$349,800	62 ft
392 AURORA AVE	MARGARET B LAFLEUR TR	SINGLE FAMILY DWELLING, PLATTED LOT	$281,000	112 ft
0 AURORA AVE	HOUSING AND REDEV AUTHORITY	RESID/EXEMPT VACANT LAND	$23,500	127 ft
408 AURORA AVE	BIRCH HANSEN	SINGLE FAMILY DWELLING, PLATTED LOT	$361,200	139 ft
386 AURORA AVE	CATHERINE D KING	SINGLE FAMILY DWELLING, PLATTED LOT	$366,500	181 ft
422 UNIVERSITY AVE W	COAST TO COAST INVESTMENT CORP	SMALL STRIP CENTER	$2,242,800	208 ft
412 AURORA AVE	CARL WALKER TR	SINGLE FAMILY DWELLING, PLATTED LOT	$383,200	210 ft
414 AURORA AVE	ANTHONY X PHAM VAN H PHAM	SINGLE FAMILY DWELLING, PLATTED LOT	$342,500	218 ft
0 AURORA AVE	LONG CHENG PLAZA LLC	EXEMPT, VACANT LAND	$354,000	231 ft
429 WESTERN AVE N	BRENDA J STARR TR	SINGLE FAMILY DWELLING, PLATTED LOT	$298,600	232 ft

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.