493 AURORA AVE

PID: 362923310133· 2 fields stubbed (see below)

Property Overview

Parcel ID362923310133

Lot Size14,375 sq ft (0.350 ac)

Lot Dimensions (est.)121 ft wide × 113 ft deep

Year Built1976

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerWORKINESH WOTICHA

Assessed Value$324,700

Land Value$64,800

Building Value$259,900

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

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 width111 ft

Buildable depth73 ft

Area~6,815 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 3-story wood frame (5–12 units) benchmarks for 6,815 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
485 AURORA AVE	GERALD O GARTH TR SHARON L GARTH TR	SINGLE FAMILY DWELLING, PLATTED LOT	$315,600	96 ft
490 UNIVERSITY AVE W	PURPLE DOG HOLDINGS LLC	SMALL (UNDER 10,000 SF) DET. RETAIL	$812,600	123 ft
474 UNIVERSITY AVE W	WHITESTAR PROPERTY MANAGEMENT LLC	MIXED RESID/COMMERCIAL	$1,376,200	150 ft
477 AURORA AVE	WILLIAM E LAND SHIRLEY B LAND	SINGLE FAMILY DWELLING, PLATTED LOT	$277,800	161 ft
492 AURORA AVE	TESFAYE H MASKALO MESSERET KEBEDE	TOWNHOME - OUTER UNIT	$210,900	181 ft
488 AURORA AVE	KRISTIN L GRINSTEAD TR	TOWNHOME - OUTER UNIT	$210,900	184 ft
494 AURORA AVE	ABDULLAHI YUSUF JAMA KHADIJA SAID	TOWNHOME - OUTER UNIT	$276,400	184 ft
486 AURORA AVE	CARMEN BRACAMONTES	TOWNHOME - OUTER UNIT	$206,200	191 ft
500 UNIVERSITY AVE W	STRANIK SIX LLC	RESTAURANT AND/OR BAR	$490,500	212 ft
475 AURORA AVE	JAMES H PATTERSON III MYRA L PATTERSON	SINGLE FAMILY DWELLING, PLATTED LOT	$306,100	226 ft

Property History

Most Recent Sale

Date2011-10-28

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.