487 Grand Avenue, Saint Paul, MN 55102 (MLS# 7128599)

487 Grand Avenue, Saint Paul, MN 55102

$1,900,000
Property Type: Commercial Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $1,900,000 List Date: 8/17/2026 Last Modified: 9/02/2026

Overview

Description

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 ...

Listing Details MLS# 7128599

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
2
Owner Occupied
No
Waterfront YN
No
Year Built
1928
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family, Other
Foundation Size
4200
For Sale or Lease
For Sale
Acres
0.09
Lot Dimensions
Yes
Assessment Pending
No

Property Features

Accessible: Other Air Conditioning: None Amenities Shared: Coin-op Laundry Owned Amenities Unit: Hardwood Floors; Kitchen Window; Natural Woodwork; Panoramic View; Other Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Egress Windows; Full CMU Style: Apartments/Multi Family Construction Materials: Concrete; Frame Construction Status: Previously Owned Current Use: Vacant Existing Financing: Conventional Exterior: Brick/Stone Foundation: Concrete Block; Stone Fuel: Natural Gas Heating: Boiler Loan Terms: Cash; Conventional; Other On Site Utilities: Heating Common Road Frontage: City Street Roof: Rubber Sewer: City Sewer/Connected Stories: Three Or More Wall Description: Drywall; Plaster Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1900000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
487
Street Name
Grand
Street Suffix
Avenue
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55102
Complex/Dev/Subdivision
Terrace Park Add To, The C

Assessments

Tax With Assessments
36502

Building Information

Building Finished SqFt
12540

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
01
Township#
28

Sale Options

Sale Includes
Building

Unit 1

No. of 1 Bedroom Units
7

Unit Details

Total Units
19

Unit Information

No. of Efficiency Units
12
IDX
Listing Office: Mitchell Realty LLC
Last Updated: September - 02 - 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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