1562 Ivy Avenue E, Saint Paul, MN 55106 (MLS# 7069944)

1562 Ivy Avenue E, Saint Paul, MN 55106

$354,900

Property Type: Multi-Family Bedrooms: 5 Baths: 3 Square Footage: 2,715 Lot Size (sq. ft.): 17,860 Status: Pending

Current Price: $354,900 List Date: 5/07/2026 Last Modified: 10/09/2026

Overview

Description

Cash flowing triplex home with built-in flexibility! Opportunity awaits with this well maintained three-unit property in Saint Paul's Greater East Side. The basement unit is currently month-to-month, while the middle unit's lease expires August 1, 2026, and then converts to month-to-month, offering flexibility for future occupancy or continued rental income. The upper unit is leased through September 2026, providing immediate cash flow. The upcoming lease transitions create an excellent opportunity for the next owner to adjust occupancy or rental strategy as their needs evolve! Each unit has its own private entrance, creating privacy and convenience. Detached two-car garage, spacious lot, and an ideal location close to parks, schools, restaurants, shopping, and easy commuter routes. A versatile property with options for a wide range of ownership goals! (Please note a 24-hour notice is needed for showings)

Listing Details MLS# 7069944

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1946
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 960
Above Ground SqFt: 2205
Below Grd Total SqFt: 510
Total SqFt: 2715
Foundation Size: 1005
Style: (MF) Triplex
Total Finished Sqft: 2205.00
Garage Stalls: 2
Lot Dimensions: 297x60
Acres: 0.41
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Common Laundry Facility; Deck Construction Status: Previously Owned Exterior: Stucco Fencing: Partial; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Lower Level; Sink Owner Pays: Electricity; Gas; Trash Collection; Water Parking Characteristics: Driveway - Shared; No Int Access to Dwelling Pool Description: None Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Stories: Two Unit 1 Amenities: Ceiling Fan(s); Hardwood Floors; Kitchen Window; Natural Woodwork; Paneled Doors; Tile Floors Unit 1 Appliances: Stainless Steel Appliances; Cooktop; Microwave; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Breakfast Area Unit 1 Special Search: All Living Fac. on One Level Unit 2 Amenities: Ceiling Fan(s); Hardwood Floors; Kitchen Window; Natural Woodwork; Tile Floors Unit 2 Appliances: Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Eat In Kitchen Unit 3 Amenities: Hardwood Floors; Natural Woodwork Unit 3 Appliances: Cooktop; Range; Refrigerator Unit 3 Bath Description: Full Basement Unit 3 Cooling: Wall Water: City Water/Connected

Contract Information

Off Market Date: 2026-09-05
Contingency: None
Original List Price: 360000
ListPrice: 354900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1562
Street Name: Ivy
Street Suffix: Avenue
Street Direction Suffix: E
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55106
Complex/Dev/Subdivision: Section 22 Town 29 Range 22

Assessments

Assessment Balance: 647
Tax With Assessments: 6376

Building Information

Finished SqFt Above Ground: 1755
Finished SqFt Below Ground: 450

More Information

Income and Expenses

Annual Electric Expense: 4032
Annual Gross Expenses: 7741
Annual Gross Income: 44400
Annual Insurance Expense: 2838
Annual Maintenance Expense: 500
Annual Repair Expense: 1000
Annual Trash Expense: 912
Annual Water/Sewer Expense: 1381
Total Annual Expenses: 6606

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 546

Public Survey Info

Range#: 22
Section#: 22
Township#: 29

Unit 1

Furnished?: No
Lease Expiration Date: 2026-08-01
Leased?: Yes
Unit Number: Yes
Annual Rent: 18000
Finished SqFt: 960
Full Baths: Yes
Monthly Expense: 260
Monthly Rent: 1500
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 2

Furnished?: No
Lease Expiration Date: 2026-09-02
Leased?: Yes
Unit Number: 2
Annual Rent: 14400
Finished SqFt: 750
Full Baths: Yes
Monthly Expense: 235
Monthly Rent: 1200
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 3

Furnished?: No
Lease Expiration Date: 2026-06-01
Leased?: Yes
Unit Number: 3
Annual Rent: 12000
Finished SqFt: 450
Full Baths: Yes
Monthly Expense: 161
Monthly Rent: 1000
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit Details

Total Units: 3

Listing Office: Pemberton RE

Last Updated: October - 09 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

1562 Ivy Avenue E, Saint Paul, MN 55106 (MLS# 7069944)