487 Grand Avenue Saint Paul, MN 55102
For Sale MLS# 7021856
12,540 sq ft Commercial
Details for 487 Grand Avenue
MLS# 7021856
Description for 487 Grand Avenue, Saint Paul, MN, 55102
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 ownershipRecent upgrades, including a newer boiler and roof, ensuring efficiency and reliabilityClean and well-kept interiors, inviting a variety of potential usesGreat layout with large unit sizes, allowing for versatile living arrangementsHistorically, the property served as a supportive housing medical facility, creating an ideal opportunity for the new owner to continue in that capacity or transition to market-rate apartments, sober housing, supportive housing, or other beneficial uses. Don’t miss the chance to acquire this fantastic investment on Grand Ave, where charm meets modern updates, all while being surrounded by scenic views and the vibrant community of St. Paul.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Lot Size: 0.10 Acres
Square Feet: 12,540 sq ft
Year Built: 1928
Foundation: 4,200 sq ft
Stories: Three Or More
Subdivision: Terrace Park Add To, The C
Number Of Units Total: 19
Current Use: Vacant
County: Ramsey
Days On Market: 107
Construction Status: Previously Owned
School Information
District: 625 - St. Paul
Interior Features
Appliances: Range, Refrigerator
Basement: Daylight/Lookout Windows, Concrete Block, Egress Windows, Finished (Livable), Full
Accessibility: Other
Additional Interior Features: Natural Woodwork, Hardwood Floors, Kitchen Window
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Heating Common
Heating: Natural Gas, Boiler
Exterior / Lot Features
Open Parking: 2
Parking Description: Driveway - Concrete, On-Street Parking Only
Exterior: Brick/Stone
Roof: Rubber
Lot Dimensions: 1
Zoning: Other,Residential-Multi-Family
Additional Exterior/Lot Features: Panoramic View, Land Inclusions - Building, Road Frontage - City
Driving Directions
Grand Ave
Financial Considerations
Tax/Property ID: 012823310107
Tax Amount: 36502
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Mitchell Realty LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 487 Grand Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 487 Grand Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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