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