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Property Description
Seven-unit apartment building in Saint Paul's Payne-Phalen neighborhood, built 1959, approximately 4,800 SF on an RM2 lot. All units are 1BR/1BA. Two units have been renovated by current ownership. Rear off-street parking pad installed, shared coin laundry, basement storage and an exterior shed. Seller has installed a new 200 amp electrical panel as of April 2025 in the laundry room for the entire building and all work was permitted. Very clean building with room to increase rents to market. Unit #1 has an approved Section 8 tenant moving in 10/31/26, and the remaining units could also pursue Section 8 approval if the next owner chooses that route. Unit 3 is vacant and being marketed at $1,150 to both section-8 and non-section-8 renters.
Property Features
Property Type: Commercial - Business
Basement: Yes
Cooling: None
Fuel Type: Natural Gas
Heating: Hot Water
Lot Size: 0.25 Acres
Roof Type: Age Over 8 Years, Asphalt, Pitched
Taxes: $11,758
Year Built: 1959
Feature Descriptions
Appliances: Exhaust Fan, Range, Refrigerator
Basement: Daylight/Lookout Windows, Finished
Current Use: Residential
Days on Site: 15
Foundation Size: 4800
Lot: Public Transit (w/in 6 blks)
Owners Expense: Fuel, Insurance, Janitorial Service, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
Parcel#: 202922430022
Parking: Concrete, Shared Driveway, Unassigned
Road Frontage: City Street, Curbs, Sidewalks
Sale Includes: Building, Leases
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity
Units: 7
Utilities: Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected
Local Schools
School District: St. Paul
Listed By / Shown By
Listed By
Agency Name: RE/MAX Results
Agency Phone: 612-314-1520
Shown By
Agency Title: Counselor Realty - Alexandria
Agency Phone: (320) 762-1111
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616 Ivy Avenue E | MLS# 7127470
This commercial property located at 616 Ivy Avenue E, Saint Paul, MN 55101 is currently listed for sale with an asking price of $649,900. Ivy Avenue E is located within the St. Paul school district. Search Saint Paul real estate on www.counselorrealtyalex.com today.