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Additional details
$940,000
Est. payment /mo
4,835 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Oak Ville Park
MLS Listing ID 7070564
Year Built 1889
Annual Tax Amount $3,704
Tax Year 2026
Contingent None
Lot Size 4,835 Sqft
Lot Dimensions IRREGULAR
Property Description
These properties are investor-only and cannot be owner-occupied. **Phase 4 includes: 732 Jessamine Ave, 697 Cook Ave, & 696 Hawthorne Ave** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Central Air
Inclusions Fixture/Equipment, Leases
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Detached Garage, Asphalt, Shared Driveway
Garage Spaces 2.0
Utilities Available Electric Separate, Heating Separate
Present Use Residential
Building
Lot Description Public Transit (w/in 6 blks)
Foundation 3650
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District St. Paul
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Listed by Thomas Edelstein • Coldwell Banker Realty
Nearby School & Business
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