Property for Sale in Saint Paul
487 Grand Avenue
Saint Paul, MN 55102

Price
$2,000,000

MLS #
7021856

Status
Active


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Property Details

Year Built
1928

Parking Features
Concrete,On-Street Parking Only

Zoning
Residential-Multi-Family, Other

2025 Property Taxes
$36,502

School District
St. Paul

County
Ramsey


Welcome to an exceptional investment opportunity in the heart of St. Paul! This charming three-story, 19-unit apartment building is perfectly situated on historic Grand Ave, elegantly perched on a hill that offers breathtaking views. This well-maintained building features original hardwood floors throughout, showcasing the timeless craftsmanship and architectural character that defines this beautiful property. The spacious units comprise 12 studio apartments and 7 one-bedroom apartments, each benefitting from great natural light and stunning views through large windows. Key features include: Vacant building ready for new ownership Recent upgrades, including a newer boiler and roof, ensuring efficiency and reliability Clean and well-kept interiors, inviting a variety of potential uses Great layout with large unit sizes, allowing for versatile living arrangements Historically, the property served as a supportive housing medical facility, creating an ideal opportunity for the new owner to continue in that capacity or transition to market-rate apartments, sober housing, supportive housing, or other beneficial uses. Don’t miss the chance to acquire this fantastic investment on Grand Ave, where charm meets modern updates, all while being surrounded by scenic views and the vibrant community of St. Paul.


Grand Ave


Grand Ave

Features


Utilities
Heating Common

Heating
Boiler

Sewer
City Sewer/Connected

Water
Public

Additional Info


Includes
Range,Refrigerator

Listed By
Michael Mitchell of Mitchell Realty LLC

Listed
02/17/26 and last updated 02/23/26

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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