517 CENTRAL AVE W

PID: 362923320035· 2 fields stubbed (see below)

Property Overview

Parcel ID362923320035

Lot Size10,019 sq ft (0.220 ac)

Lot Dimensions (est.)77 ft wide × 78 ft deep

Year Built1976

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerRACHEL D SHOCKLEY

Assessed Value$276,800

Land Value$44,800

Building Value$232,000

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 width67 ft

Buildable depth38 ft

Area~2,747 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 2,747 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
515 CENTRAL AVE W	ROSS E CALLAHAN YENG M CALLAHAN	SINGLE FAMILY DWELLING, PLATTED LOT	$343,200	71 ft
519 CENTRAL AVE W	LINDA V BALLARD	SINGLE FAMILY DWELLING, PLATTED LOT	$377,000	93 ft
562 AURORA AVE	CENTRAL VILLAGE ASSOC INC	TOWNHOME - NON-TAX OUTLOT	$600	136 ft
521 CENTRAL AVE W	SARA VANSTEENBERGEN MEGAN VANSTEENBERGEN	SINGLE FAMILY DWELLING, PLATTED LOT	$307,700	141 ft
513 CENTRAL AVE W	GEORGIA L GILES	SINGLE FAMILY DWELLING, PLATTED LOT	$503,700	146 ft
562 AURORA AVE	CENTRAL VILLAGE ASSOC INC	TOWNHOME - NON-TAX OUTLOT	$600	155 ft
560 AURORA AVE	MUSE MOHAMED ALI YASMIN D ALI	TOWNHOME - OUTER UNIT	$202,700	172 ft
0 CENTRAL AVE W	ROSS E CALLAHAN YENG M CALLAHAN	RESIDENTIAL, VACANT LAND, LOT	$2,200	176 ft
0 CENTRAL AVE W	CENTRAL VILLAGE ASSOCIATION II	TOWNHOME - NON-TAX OUTLOT	$600	191 ft
568 AURORA AVE	LAUREL M MAYBERRY	TOWNHOME - OUTER UNIT	$203,800	193 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.