647 Snelling Avenue N

Saint Paul, MN 55104 View Map $1,500,000 Schedule a Tour
Acres0.13
Year1930
Brandon Hedges & Matt Barker

Brandon Hedges & Matt Barker

(612) 730-6717

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Status: Active
Property Type:Commercial Sale
MLS #:6398249
On Site:285 Days
Lot Size:0.13 Acres
County:Ramsey
This 1930's classic brick building offers add-value opportunity and consists of 17 studios and two one-bedroom apartments. With a modest footprint, this building is ideal for investors interested in small, easy-to-rent, maintain, or renovate apartment units. It is located on a quiet block, but conveniently located near several amenities and the Green Line Train is steps away. The City's master plan is for significant redevelopment and investment focus on the surrounding area of Midway/Hamline. The property has added appeal being in a defined Opportunity Zone (the Opportunity Zones program provides tax relief for investors who re-invest their unrealized capital gains into specific low-income communities.)
Additionally, the building is approved for the 4D Tax-reduction program and will benefit from a significant tax reduction this next calendar year (see city website for more information. See attachments for financial information.

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
10/26/2023$1,750,000$1,610,000-8%
3/13/2024$1,610,000$1,500,000-6.8%

Community Information

Address:647 Snelling Avenue N, Saint Paul, MN 55104
County:Ramsey
School District:St. Paul
Zip Code:55104
Neighborhood:Hamline-Midway

Features / Amenities

Heating: Boiler
Fuel: Natural Gas

Property Features

Lot Size: 0.13 Acres
Lot Dimensions:50x122x53x122
Utilities: Electric Separate
Sewer: City Sewer/Connected
Water: City Water/Connected
Zoning:Business/Commercial,Residential-Multi-Family
Directions:From 94 W take exit 238toward MN-51/Snelling Ave. Merge onto St. Anthony Ave. Turn Right on Snelling Ave. Make a U-Turn at Blair Ave. 647 Snelling Ave N will be on the right.

Tax and Financial Info

Sale Includes: Building
Tax Year: 2023
Tax Annual Amount: $32,830
Association Amenities: Coin-op Laundry Owned

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647 Snelling Avenue N Saint Paul,  MN 55104
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647 Snelling Avenue N Saint Paul, MN 55104
 
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Listing Information Last Updated 4/16/2024
Listing provided courtesy of Bridge Realty, LLC.
© Copyright 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than the owner of this website are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.