, Saint Paul, MN 55102 (MLS# 7021856)

Overview

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 ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Waterfront YN: No
Year Built: 1928
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Other
Foundation Size: 4200
For Sale or Lease: For Sale
Acres: 0.09
Lot Dimensions: Yes
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: Other Air Conditioning: None Amenities Shared: Coin-op Laundry Owned Amenities Unit: Hardwood Floors; Kitchen Window; Natural Woodwork; Panoramic View; Other Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Egress Windows; Full CMU Style: Apartments/Multi Family Construction Materials: Concrete; Frame Construction Status: Previously Owned Current Use: Vacant Existing Financing: Conventional Exterior: Brick/Stone Foundation: Concrete Block; Stone Fuel: Natural Gas Heating: Boiler Loan Terms: Cash; Conventional; Other Lock Box Type: Combo On Site Utilities: Heating Common Potential Use: Income Road Frontage: City Street Roof: Rubber Sewer: City Sewer/Connected Stories: Three Or More Wall Description: Drywall; Plaster Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1900000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55102
Complex/Dev/Subdivision: Terrace Park Add To, The C

Assessments

Tax With Assessments: 36502
Assessment Balance: 0

Building Information

Building Finished SqFt: 12540

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 01
Township#: 28

Sale Options

Sale Includes: Building

Unit 1

No. of 1 Bedroom Units: 7

Unit Details

Total Units: 19

Unit Information

No. of Efficiency Units: 12

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: TERRACE PARK ADDITION TO THE C SELY 1/2 OF VAC ALLEY ADJ AND PART NWLY OF OAKLAND AVE OF LOTS 1O AND LOT 11 BLK 8
Listing City: Saint Paul
Map Page: 122
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 2210
Property ID Number: 012823310107
Tax Year: 2025
Tax Amount: 36502
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Grand Ave

Accessible

Other: Yes

Air Conditioning

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Amenities Unit

Hardwood Floors: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Panoramic View: Yes
Other: Yes

Appliances

Range: Yes
Refrigerator: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Egress Windows: Yes
Full: Yes

Construction Materials

Concrete: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes

Foundation

Concrete Block: Yes
Stone: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lock Box Type

Combo: Yes

Road Frontage

City Street: Yes

Roof

Rubber: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Wall Description

Drywall: Yes
Plaster: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

On Site Utilities

Heating Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Vacant: Yes

Loan Terms

Cash: Yes
Conventional: Yes
Other: Yes

Potential Use

Income: Yes