Active

1693 Sherburne Avenue

Saint Paul MN, 55104

$1,599,000


$103.80 per sqft

Active

15,405 sqft

Commercial

Built in 1972

This 18-unit apartment building is a rare find, priced to sell at under $89,000 per door. Meticulously maintained by long-time owners, the property will be 100% occupied by March, providing immediate cashflow. Located just blocks from Allianz Field and one block from the light rail and University Avenue bus line, this property sits in the heart of a rapidly evolving neighborhood. The $160 million "United Village" development around Allianz Field is set to potentially boost property values, making this an incredible value-add opportunity. With many units currently rented below market rate and potential for upgrades in kitchens and bathrooms, this property offers excellent upside for savvy investors. Contact William to request offering a memorandum.

6642133

MLS ID

January 24, 2025

Listed

February 15, 2025

Updated

Interior Features

Total Stories

3


Appliances

Range, Refrigerator


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Baseboard, Boiler

Exterior/Building Features

Lot Size

0.38 Acres


Roof

Age Over 8 Years


Sewer

City Sewer/Connected

School Information

School District

St. Paul

Other Property Details

Taxes

$34,578


Tax Frequency

Annually


Days on Market

22


Accessibility

None


Association Amenities

Coin-op Laundry Leased


Garage

Yes


Garage Spaces

8


Parking

Detached, Paved


View

No


County

Ramsey


Water Source

City Water/Connected


Pool

No


Utilities

Electric Common, Heating Common

 

Courtesy of Keller Williams Premier Realty

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 Laura Tiffany Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2025 Northstar MLS. All rights reserved. 

Data last updated 12:10 PM UTC, 2/15/2025

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