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$449,900

7 Beds 2 / 1 Full / Half Baths 3,532 SQFT 0.14 Acres
Type: Contingent

1636-1638 Minnehaha Avenue W
Saint Paul, MN 55104

MLS#: 7041832
Michael Forrest
Michael Forrest
The Real Estate Advantage
Agent
Phone: 952.210.6951
Office: 952.226.7700
Presented by: RE/MAX Results

Property Description

 

5% INTEREST-ONLY SELLER FINANCING AVAILABLE FOR UP TO 5 YEARS! That opportunity alone makes this memorable Saint Paul duplex worth a closer look. Located near Hamline University, the property currently generates $3,940/month in combined rent while offering historic character, flexible living spaces and a third floor you simply won't find in the typical duplex. Unit 1636 rents for $2,240/month and features original hardwood floors, beautiful period trim and moldings, plus a main-floor half bath. Then comes the surprise: a wide-open 33x33 vaulted loft with THREE gabled dormers, exposed beams, the kind of space you might expect in a converted warehouse, not hidden on the third floor of a Saint Paul duplex. 1000 square feet in one dramatic room, waiting for its next idea. Art studio? Recording space? Office? Recreation room? Entertainment space? Creative retreat? The possibilities are almost as big as the room itself. Unit 1638 adds another $1,700/month in rent. Outside, you'll find a premium Owens Corning 25-year roof installed in 2019, newer detached 2-car garage, two additional parking spaces and generous open-rafter storage. Nearly $4,000/month in current rent, 5% interest-only seller financing for up to five years and one seriously unique property.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area3,532 sqft
BasementUnfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet520

General

AccessibilityNone
Additional Parcels Y/NNo
CitySaint Paul
Construction MaterialsStone
ContingencyInspection
CountyRamsey
Directions94 to Snelling, north to Minnehaha, west to property (on left)
Electric Expense486
Fuel Expense0
Garage Spaces2
Gross Income49080
HeatingGravity, Radiant
High School DistrictSt. Paul
Insurance Expense3186
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,532 sqft
Lot Size UnitsAcres
MaintenanceExpense645
Net Operating Income42419
New ConstructionNo
Number Of Units Total2
Operating Expense4841
Pool FeaturesNone
PostalCitySaint Paul
Property SubtypeDuplex Side by Side
Property TypeResidential Income
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameWood Lawn Park Add To, St
Tax Annual Amount$7,334
Tax Year2025
Tenant PaysCable TV, Electricity, Gas
Trash Expense728
Water Sewer Expense964
Year Built1908
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,532 sqft
FencingPartial, Wood
Foundation Area1,454 sqft
Lot Dimensions50X124
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Asphalt
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
High School N/A
Elementary School N/A

  

Similar Properties

$449,900

7 Beds 2 / 1 Full / Half Baths 3,532 SQFT 0.14 Acres
Type: Contingent

1636-1638 Minnehaha Avenue W
Saint Paul, MN 55104

MLS#: 7041832
Michael Forrest
Michael Forrest
The Real Estate Advantage
Agent
Phone: 952.210.6951
Office: 952.226.7700