Active

647 Snelling Avenue N

Saint Paul MN, 55104

$1,700,000


$186.40 per sqft

Active

9,120 sqft

Commercial

Built in 1930

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.

6398249

MLS ID

July 7, 2023

Listed

November 22, 2024

Updated

Map

647 Snelling Avenue N
Saint Paul MN, 55104

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Boiler

Exterior/Building Features

Lot Size

0.13 Acres


Sewer

City Sewer/Connected

School Information

School District

St. Paul

Other Property Details

Taxes

$32,830


Tax Frequency

Annually


Days on Market

318


Association Amenities

Coin-op Laundry Owned


Garage

No


Parking

Off Site, Paved, Open


View

No


County

Ramsey


Water Source

City Water/Connected


Pool

No

 

Courtesy of Bridge Realty, LLC

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 Grey Duck Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 8:38 AM UTC, 11/22/2024

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