507 Cleveland Ave S Saint Paul, MN 55116
Highland Park NeighborhoodEstimated payment $2,555/month
About This Lot
Great development potential. Property is a unique combination of location, zoning, & accessibility. Vacant lot zoned RM2 (multi-family residential). Location: NW corner of the intersection of Juno & Cleveland & sits 200 ft from the stoplight intersection of Randolph & Cleveland Ave’s. Parcel sits directly across the street from St Catherine's University & exactly 1.04 miles from the University of St Thomas campus. This .2 acre site measures 8,580 sq ft & includes 60+ ft of frontage on Cleveland Ave. A 4-story building is allowed by right & an architect produced fit plan with up to a 36-unit building (studio & 1 bedroom units). RM2 zoning was amended in 2021 to remove all parking requirements. Building height can be increased up to 75 ft by obtaining a Conditional Use Permit (CUP) from the City of St Paul. On bus lines that travel to both DT St Paul & DT Mpls.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,920
Lot Details
- Lot Dimensions are 130x65
- Cleared Lot
- Finished Lot(s)
Community Details
- No Home Owners Association
- Knapheide Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 082823410048
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $2,920 | $156,500 | $156,500 | -- |
2023 | $2,920 | $156,500 | $156,500 | $0 |
2022 | $3,206 | $156,500 | $156,500 | $0 |
2021 | $2,942 | $156,500 | $156,500 | $0 |
2020 | $3,176 | $156,500 | $156,500 | $0 |
2019 | $3,206 | $156,500 | $156,500 | $0 |
2018 | $4,006 | $156,500 | $156,500 | $0 |
2017 | $3,882 | $240,200 | $156,500 | $83,700 |
2016 | $3,606 | $0 | $0 | $0 |
2015 | $3,560 | $225,900 | $134,100 | $91,800 |
2014 | -- | $0 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/15/2025 08/15/25 | Price Changed | $427,500 | -5.0% | -- |
01/14/2025 01/14/25 | For Sale | $450,000 | -- | -- |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $257,575 | Midland Title | |
Deed | $250,000 | -- | |
Warranty Deed | $135,000 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $65,000 | Credit Line Revolving | |
Closed | $187,500 | Future Advance Clause Open End Mortgage | |
Previous Owner | $106,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 6648887

APN: 08-28-23-41-0048
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