Active

1562 Edmund Avenue

Saint Paul MN, 55104

$875,000


$200.23 per sqft

Active

4,370 sqft

Commercial

Built in 1913

Presenting an 8 unit Apartment building consisting of 7-1BR and 1-2BR with detached one bedroom 9th Den unit. This is a well-maintained multifamily asset strategically located in St Paul Opportunity zone. Amenities such as off-street parking, laundry facilities, and ample storage space enhance the overall appeal, value-add potential, and functionality of the property.

Situated in Midway Hamline neighborhood, residents benefit from excellent walkability and convenient access to major transportation routes, including Interstate 94, facilitating easy commutes to Downtown Minneapolis and St Paul and surrounding areas. The property's proximity to several universities, including Hamline University, makes it particularly appealing to students, healthcare employees, and young professionals seeking housing options near their academic and professional pursuits. Moreover, the property is located with close property to downtown St Paul.

This is a great compelling opportunity for an investor to acquire a well-positioned property in a prime location. Substantial upside exists through strategic enhancements and revenue growth, including optimizing underutilized storage and adjusting rents to meet market potential.

Property tours are available by appointment only. Please contact the listing broker to schedule.

6609843

MLS ID

September 27, 2024

Listed

November 23, 2024

Updated

Map

1562 Edmund Avenue
Saint Paul MN, 55104

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Boiler

Exterior/Building Features

Lot Size

0.15 Acres


Sewer

City Sewer/Connected

School Information

School District

St. Paul

Other Property Details

Taxes

$12,782


Tax Frequency

Annually


Days on Market

11


Garage

No


Parking

Parking Lot


View

No


County

Ramsey


Water Source

City Water/Connected


Pool

No

 

Courtesy of Zafar Khamdamov

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Brian Wagner, M.Ed. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 4:39 AM UTC, 11/23/2024

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