247 2nd Avenue S, South Saint Paul, MN 55075 (MLS# 7147426)

247 2nd Avenue S, South Saint Paul, MN 55075

$799,900
Property Type: Commercial Bedrooms: 10 Baths: 6 Square Footage: 6,000 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $799,900 List Date: 9/20/2026 Last Modified: 9/21/2026

Overview

Description

Easy to own and manage solid 6 unit brick building with history of only 3 owners in the past 58 years. Located in a lovely tree lined residential neighborhood, award winning schools, close to parks, MTC bus line, major freeways and major employers. All leases are month-to-month, with history of very low vacancy rate. Five 2 bedroom units and one efficiency, on site laundry, and 6 assigned parking spots. Apts 1&3 were totally rebuilt in 2021, including stud walls, elec, plumb, etc. Residents pay their own electric, except for the efficiency, where owner pays all utilities. Owner pays heat, water and sewer, house electric, garbage. New roof in 2011, new water heater 2021, new parking lot 2022, new chimney liner and venting 2025, new hot water heating system May 2026. City of South St Paul does not have rent control. City of South St Paul does require a rental license.

Listing Details MLS# 7147426

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
No
Waterfront YN
No
Year Built
1968
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
3000
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.22
Lot Dimensions
80 x 125
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Shared: Other Amenities Unit: Ceiling Fan(s) Appliances: Dryer; Range; Refrigerator; Washer Basement: Concrete Block CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Baseboard; Hot Water; Radiator Loan Terms: Cash; Conventional Lock Box Type: Combo On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Electricity; Gas; Grounds Care; Heat; Hot Water; Insurance; Pest Control; Repairs; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Assigned; Paved Lot Rental License Type: Standard Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity; Telephone Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
799900
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
247
Street Name
2nd
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
South Saint Paul
County
Dakota
State
MN
Zip Code
55075
Complex/Dev/Subdivision
Hepburn Park

Assessments

Tax With Assessments
10964

Basement

Foundation Dimensions
50 x 60

More Information

Building Information

Building Finished SqFt
5776
Building SqFt
6000

Income and Expenses

Annual Caretaker Expense
151
Annual Electric Expense
769
Annual Fuel Expense
4498
Annual Gross Income
100500
Annual Insurance Expense
7945
Annual Maintenance Expense
1500
Annual Repair Expense
3625
Annual Trash Expense
2244
Annual Water/Sewer Expense
3447

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
27
Township#
28

Sale Options

Sale Includes
Building, Fixture/Equipment, Land, Leases

Unit 1

Unit Number
Yes
Monthly Rent
1480
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Level
Main Level
Unit Total SqFt
780
Leased?
Yes
Lease Expiration Date
2027-09-20

Unit 2

No. of 2 Bedroom Units
5
Full Baths
Yes
Leased?
No
Level
Main Level
Monthly Rent
1440
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
2
Unit Total SqFt
780

Unit 3

Full Baths
Yes
Leased?
No
Level
2nd Level
Monthly Rent
1545
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
3
Unit Total SqFt
780

Unit 4

Full Baths
Yes
Leased?
No
Level
2nd Level
Monthly Rent
1505
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
4
Unit Total SqFt
780

Unit 5

Full Baths
Yes
Lease Expiration Date
2027-09-20
Leased?
Yes
Level
2nd Level
Monthly Rent
1450
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
5
Unit Total SqFt
960

Unit 6

Full Baths
Yes
Lease Expiration Date
2027-09-20
Leased?
Yes
Level
Main Level
Monthly Rent
955
Total Bathrooms
Yes
Unit Number
6
Unit Total SqFt
480

Unit Details

Total Units
6

Unit Information

No. of Efficiency Units
Yes

Documents

IDX
Listing Office: Maxwell Blue Real Estate
Last Updated: September - 21 - 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.
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