For Sale: Saint Paul MLS# 7021856
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Welcome to an exceptional investment opportunity in the heart of St. Paul! This charming three-story, 19-unit apartment building is perfectly situated on historic Grand Ave, elegantly perched on a hill that offers breathtaking views. This well-maintained building features original hardwood floors throughout, showcasing the timeless craftsmanship and architectural character that defines this beautiful property. The spacious units comprise 12 studio apartments and 7 one-bedroom apartments, each benefitting from great natural light and stunning views through large windows. Key features include:
Vacant building ready for new ownership
Recent upgrades, including a newer boiler and roof, ensuring efficiency and reliability
Clean and well-kept interiors, inviting a variety of potential uses
Great layout with large unit sizes, allowing for versatile living arrangements
Historically, the property served as a supportive housing medical facility, creating an ideal opportunity for the new owner to continue in that capacity or transition to market-rate apartments, sober housing, supportive housing, or other beneficial uses. Don’t miss the chance to acquire this fantastic investment on Grand Ave, where charm meets modern updates, all while being surrounded by scenic views and the vibrant community of St. Paul.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,000,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1928
State:
MN
Property Style:
Other
Zip Code:
55102
Neighborhood/Area:
100
Subdivision Name:
Terrace Park Add To, The C
Interior
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
None
Foundation Size:
4,200 ft2
Handicap Accessible:
Other
Heating System:
Boiler
Parking Features:
- Concrete
- On-Street Parking Only
Unit Amenities:
- Hardwood Floors
- Kitchen Window
- Natural Woodwork
- Other
- Panoramic View
Road Frontage:
City Street
Exterior Material:
- Concrete
- Frame
Roof Details:
Rubber
Lot & Land
Acres:
0.096
Geolocation:
44.938862, -93.120564
Inclusions:
Building
Lot Dimensions:
1
Zoning:
- Other
- Residential-Multi-Family
Schools
School District:
2102
District Phone:
6517678100
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$36,502
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$36,502
Units
Total Units:
19
Miscellaneous
Current Use:
Vacant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Mitchell Realty LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.