487 Grand AVE, Saint Paul, MN 55102
487 Grand AVE, Saint Paul, MN 55102
487 Grand AVE, Saint Paul, MN 55102
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$1,900,000
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4,181 Sqft Lot
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487 Grand AVE Saint Paul, MN 55102

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Sam Steadman

Sam Steadman

+1(952) 607-7436

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Terrace Park Add To, The C

MLS Listing ID 7021856

Year Built 1928

Annual Tax Amount $36,502

Tax Year 2025

Contingent None

Lot Size 4,181 Sqft

Lot Dimensions 1

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.

Location

State MN

County Ramsey

Zoning Residential-Multi-Family,Other

Rooms

Basement Block, Daylight/Lookout Windows, Egress Window(s), Finished, Full

Interior

Heating Boiler

Cooling None

Inclusions Building

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Concrete, On-Street Parking Only

Utilities Available Heating Common

Roof Type Rubber

Present Use Vacant

Building

Story Three Or More

Foundation 4200

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Concrete,Frame

New Construction false

Schools

School District St. Paul

Listed by Michael Mitchell • Mitchell Realty LLC

NEARBY SCHOOL & BUSINESS

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Sam Steadman

Sam Steadman

Agent

+1(952) 607-7436

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487 Grand AVE

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