MN > Saint Paul > Sanborns Midway Addition, To S
Saint Paul, MN 55104,523 Lexington Pkwy N
Saint Paul, MN 55104,523 Lexington Pkwy N
Saint Paul, MN 55104,523 Lexington Pkwy N
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$579,900
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8,276 Sqft Lot
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523 Lexington Pkwy N Saint Paul, MN 55104

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Alex Zauner

Alex Zauner

+1(612) 380-8500

UPDATED:

02/14/2025 03:34 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Sanborns Midway Addition, To S

MLS Listing ID 6659875

Year Built 1922

Annual Tax Amount $11,434

Tax Year 2025

Contingent None

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 60 x 140

Property Sub-Type Apartment

Property Description

CLASSIC ALL BRICK 6-UNIT LOCATED IN THE HEART OF THE MIDWAY IN SAINT PAUL, MN. THIS BUILDING IS VERY CLEAN AND VERY WELL MAINTAINED BY THE CURRENT LONG TERM OWNER! THERE ARE FOUR ONE-BEDROOM AND ONE EFFICIENCY APARTMENTS, PLUS A MAIN FLOOR OFFICE COMMERCIAL SPACE. THE OFFICE UNIT HAS POTENTIAL TO BE CONVERTED INTO ANOTHER ONE BEDROOM APARTMENT OR COMBINED WITH THE APARTMENT NEXT DOOR. ALL THE UNITS ARE EASY TO KEEP RENTED WITH PROVIDED OFF-STREET PARKING AND HEAT, WATER, AND TRASH INCLUDED IN RENT. EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC SERVICE. THE PITCHED ROOF HAS BEEN REPLACED IN THE LAST 12 YEARS AND HAS BEEN RECENTLY CHECKED FOR STORM DAMAGE WHICH THERE IS NONE. THERE IS ORIGINAL HARDWOOD FLOORS AND TRIM THROUGHOUT THE PROPERTY WHICH GIVES IT CHARACTER FROM WHEN IT WAS BUILT IN 1922. THE OFF-STREET PARKING LOT IN THE REAR GIVES RESIDENTS A SAFE PLACE TO PARK. THE LOWER LEVEL BASEMENT HAS ADDITIONAL POTENTIAL TO IMPROVE INCOME BY ADDING RENTABLE STORAGE UNITS OR ANOTHER 7TH UNIT. CURRENTLY 100% OCCUPIED. A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON INVESTMENT! THE SELLER WOULD CONSIDER AN OFFER WITH OWNER FINANCING!! $579,900.00

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Boiler

Cooling Window Unit(s)

Inclusions Building, Land, Leases, Rental License

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Common, Hot Water Common

Present Use Office,Residential

Building

Foundation 2200

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District St. Paul

Listed by Nathan Opatz • Apartment Cash Flow, Inc.

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agent

Alex Zauner

Agent | License ID: 40723159

+1(612) 380-8500

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523 Lexington Pkwy N