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985 Ivy Avenue E, Saint Paul, MN 55106

New Listing
$5,750,000
Property Type: Commercial Bedrooms: 3 Baths: 2 Square Footage: 67,752 Lot Size (sq. ft.): 70,567 Status: Active
Current Price: $5,750,000 List Date: 9/28/2026 Last Modified: 9/28/2026

Overview

Description

Phalen Shores is a 53 Unit market-rate multifamily building built in 1987, and situated on the edge of Phalen Regional Park.

Listing Details MLS# 7150234

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
30
Owner Occupied
No
Waterfront YN
No
Year Built
1987
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
11292
Garage Stalls
23
For Sale or Lease
For Sale
Acres
1.62
Lot Dimensions
~366' x ~366
Assessment Pending
Unknown

Property Features

Accessible: Accessible Elevator Installed Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Leased CMU Style: Apartments/Multi Family Construction Materials: Brick; Concrete Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Brick/Stone; Concrete Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler; Hot Water Lock Box Type: Combo On Site Utilities: Electric Common; Electric Separate; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Shared Garage/Stall; Heated Garage Rental License Type: Standard Sewer: City Sewer/Connected Shared Rooms: Community Room Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
5750000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
985
Street Name
Ivy
Street Suffix
Avenue
Street Direction Suffix
E
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55106
Complex/Dev/Subdivision
Phalen Shores

Additional Parcels Information

Property ID #2
212922310011
Property ID #3
212922310012,212922310010

Assessments

Tax With Assessments
108578

More Information

Basement

Foundation Dimensions
180x63

Building Information

Building Finished SqFt
56460
Building SqFt
67752

Income and Expenses

Annual Gross Income
867255

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Power Production

Power Production Type
Solar
Year Installed
2018

Public Survey Info

Range#
22
Section#
21
Township#
29

Sale Options

Sale Includes
Building, Land

Unit 1

No. of 1 Bedroom Units
24

Unit 2

No. of 2 Bedroom Units
29

Unit Details

Total Units
53
IDX
Listing Office: MRG Realty Partners, LLC
Last Updated: September - 28 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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