616 Ivy Avenue E, Saint Paul, MN 55101 (MLS# 7127470)

616 Ivy Avenue E, Saint Paul, MN 55101

$649,900
Property Type: Commercial Bedrooms: 7 Baths: 7 Square Footage: 6,658 Lot Size (sq. ft.): 10,890 Status: Active
Current Price: $649,900 List Date: 8/21/2026 Last Modified: 9/05/2026

Overview

Description

Seven-unit apartment building in Saint Paul's Payne-Phalen neighborhood, built 1959, approximately 4,800 SF on an RM2 lot. All units are 1BR/1BA. Two units have been renovated by current ownership. Rear off-street parking pad installed, shared coin laundry, basement storage and an exterior shed. Seller has installed a new 200 amp electrical panel as of April 2025 in the laundry room for the entire building and all work was permitted. Very clean building with room to increase rents to market. Unit #1 has an approved Section 8 tenant moving in 10/31/26, and the remaining units could also pursue Section 8 approval if the next owner chooses that route. Unit 3 is vacant and being marketed at $1,150 to both section-8 and non-section-8 renters.

Listing Details MLS# 7127470

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
7
Owner Occupied
No
Waterfront YN
No
Year Built
1959
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
4800
For Sale or Lease
For Sale
Acres
0.25
Assessment Pending
Unknown

Property Features

Accessible: None Air Conditioning: None Amenities Shared: Coin-op Laundry Owned Amenities Unit: Kitchen Window; Natural Woodwork Appliances: Range; Refrigerator CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Stucco Fencing: Chain Link; Partial; Wood Foundation: Poured Concrete Fuel: Natural Gas Heating: Hot Water Lot Description: Public Transit (w/in 6 blks) On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Fuel; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection Parking Characteristics: Driveway - Shared; Unassigned Pool Description: None Rental License Type: Standard Road Frontage: City Street; Curbs; Sidewalks Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Tenant Pays: Cable TV; Electricity Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
649900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
616
Street Name
Ivy
Street Suffix
Avenue
Street Direction Suffix
E
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55101

Assessments

Tax With Assessments
11758

Building Information

Building Finished SqFt
4800
Building SqFt
6658

More Information

Income and Expenses

Annual Gross Income
73224

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Leases

Unit 1

Unit Number
Yes
Monthly Rent
899
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
Yes
Leased?
Yes
Lease Expiration Date
2027-10-30
No. of 1 Bedroom Units
7

Unit 2

Full Baths
Yes
Lease Expiration Date
2027-08-31
Leased?
Yes
Monthly Rent
796
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
2

Unit 3

Full Baths
Yes
Leased?
No
Monthly Rent
1150
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
3

Unit 4

Full Baths
Yes
Lease Expiration Date
2027-05-31
Leased?
Yes
Monthly Rent
899
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
4

Unit 5

Full Baths
Yes
Lease Expiration Date
2027-07-31
Leased?
Yes
Monthly Rent
899
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
5

Unit 6

Full Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Monthly Rent
709
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
6 (MTM)

Unit 7

Full Baths
Yes
Lease Expiration Date
2027-02-12
Leased?
Yes
Monthly Rent
950
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
7

Unit Details

Total Units
7
IDX
Listing Office: RE/MAX Results
Last Updated: September - 05 - 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.