247 2nd Avenue S South Saint Paul, MN $ 859,000
247 2nd Avenue S
$ 859,000
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247 2nd Avenue S

South Saint Paul, MN, 55075
$ 859,000
Baths0.0 Sq 5,776

Monthly Estimate*

$ 6,000

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Studio

Commercial Property for sale in South Saint Paul, MN

for $859,000. This 5,776 square foot building was built in 1968 on a lot size of 0.23.

Solid 6 unit brick building, with new secure exterior doors, new parking lot, located in a lovey tree lined residential neighborhood, good schools, close to library, parks and pools, MTC bus lines, major freeways and major employers. All leases are month-to-month, with history of very low vacancy rate. Five 2 bedroom units and one studio, on sight laundry, and 6 assigned parking spots. Dogs allowed. Building sustained fire damage summer of 2020, units #1 & #3, were fully rebuilt. Residents pay their own unit electric, except for studio, where owner pays all utilities. Owner pays heat, water and sewer, house electric, garbage. New roof in 2011, new water heater in 2021, new parking lot in 2022. City of South St Paul does NOT have rent control. A rental license is required.

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Commercial Active

Price

$ 859,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,902

Style

Apartment,Low Rise

Lot Size

0.23

Year Built

1968

Town/City

South Saint Paul

County/Region

Dakota

MLS | Web ID

6512166

Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities Electric Common Electric Separate Heating Common Hot Water Common
Roof Age Over 8 Years Asphalt
Appliances Dryer Exhaust Fan Range Refrigerator Washer
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1968
Tenant Pays Cable TV Electricity
Property SubType Apartment Low Rise
Tax Year 2024
Current Use Residential
Gross Income 89940
Accessibility None
County Dakota
Insurance Expense 5090
Property Type Commercial Sale
Contingency None
Subdivision Name Hepburn Park
Directions On 2nd Ave S between Southview Blvd and 3rd Street.
City South Saint Paul
Buyer Agent Compensation 2.50
High School District South St. Paul
Zoning Description Residential-Multi-Family
Total Units 6
Street Name 2nd
Land Lease Y/N N
Tax Annual Amount 10902
Electric Expense 2218
Fuel Expense 3700
Trash Expense 960
Water Sewer Expense 2200
Additional Parcels Y/N N
Days on Market 34
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Block Daylight/Lookout Windows Finished
Basement (Y/N) Y
Street Suffix Avenue
Foundation Dimensions 50 x 60
Fuel Natural Gas
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.23
Building Area Total 5776
Lot Dimensions 80 x 125
Lot Size Units Acres
Foundation Area 3000
Road Frontage Type City Street
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Internal Only
Street Number 1 247
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* Excluded Features
List By
Maxwell Blue Real Estate

Broker

tamara.kappauf@gmail.com

Email

Affordability Calculator

$6,909
Per Month
87%
13%
0%
Monthly Principal & Interest
$6,000
Monthly Property Taxes
$909
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
709342 Elementary School
708844 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2024$859,000 -3.48% Price Down
4/2/2024$890,000 Listed Price

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247 2nd Avenue S, South Saint Paul, MN, 55075 is a Commercial Property for sale at $859,000 with 5,776 sqft and a lot size of 0.23. 247 2nd Avenue S is a studio with 0.0 baths and was built in 1968. The property's zip code is 55075 which is in South Saint Paul, MN