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Property profile & analytics
OFF-MARKET
Residential income homes
1350 Payne Ave, Saint Paul, MN 55130-3437
Entity Owned
3-yr Hold
Property ID
US46-0945874
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1964
Construction
FRAME
Total area
3,168 SF
Lot
0.08 ac (3,572 SF)
Zoning code
K
APN
20-29-22-42-0168
UPID
US46-0945874
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
La Chic Investments LLC · 3 yrs held
La Chic Investments LLC
since 2022
Last sale
$490,000
6 recorded transactions
Zoning & alternative use
K · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Paul submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Paul submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,348
Tax year 2023
Assessed value
$463,900
Assessed 2023
Previous assessed
$463,900
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$80,000
Assessed improvement
$383,900
Land market value
$80,000
Improvement market value
$383,900
Total market value
$463,900
Applied tax rate
625.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
HOT WATER
Cooling
NONE
Units
4
Bathrooms
1
Total area
3,168 SF
Lot
0.08 ac (3,572 SF)
Zoning code
K
APN
20-29-22-42-0168
UPID
US46-0945874
Jurisdiction
RAMSEY
Zoning & alternative use
K · Saint Paul, MN
Zoning K · permitted uses
K · Saint Paul, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Paul. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Units
4
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
La Chic Investments LLC
Entity
Mailing address
7739 60TH ST S, COTTAGE GROVE, MN 55016-6022
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
$490,000
La Chic Investments LLC
Tk Dynamic Home LLC
Warranty Deed
$404,000 · Bremer Bank NA
Mar 7, 2017
$155,000
Chien Q Pham
Bank Of Ny Mellon 2006-1
Grant Deed
—
Nov 20, 2015
$182,750
Bank Of Ny Mellon 2006-1 Tr
Sheriff Of Ramsey County|van Yendung,t
Trustees Deed
related
—
Oct 27, 2005
$320,000
Nguyen Phuoc Binh
Kurschner,larry F & Carol A
Warranty Deed
—
Oct 29, 2001
—
Larry F Kurschner
Benson,john M & Catherine R
Grant Deed
$108,750 · Chase Manhattan Mortgage Corp
—
—
Larry F Kurschner
—
Deed Of Trust
related
$146,000 · First State Mortgage Service
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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