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REMAX TEAM

remaxnorthlandteamjared@gmail.com +1(218) 203-3603

$940,000

Est. payment - /mo

4,835 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Oak Ville Park

MLS Listing ID 7070564

Year Built 1889

Annual Tax Amount $3,704

Tax Year 2026

Contingent None

Lot Size 4,835 Sqft

Lot Dimensions IRREGULAR

Property Description

These properties are investor-only and cannot be owner-occupied. **Phase 4 includes: 732 Jessamine Ave, 697 Cook Ave, & 696 Hawthorne Ave** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Inclusions Fixture/Equipment, Leases

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Detached Garage, Asphalt, Shared Driveway

Garage Spaces 2.0

Utilities Available Electric Separate, Heating Separate

Present Use Residential

Building

Lot Description Public Transit (w/in 6 blks)

Foundation 3650

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District St. Paul

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Listed by Thomas Edelstein • Coldwell Banker Realty

Nearby School & Business

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REMAX TEAM

+1(218) 203-3603

Full Service Brokerage | License ID: 40471702

Full Service Brokerage License ID: 40471702

Lake Homes FOR SALE

732 Jessamine AVE E Saint Paul, MN 55106

REMAX TEAM

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information