$5,750,000
Saint Paul, MN 55106
MLS# 7150234
3 beds | 2 baths | 67752 sqft
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Property Description
Phalen Shores is a 53 Unit market-rate multifamily building built in 1987, and situated on the edge of Phalen Regional Park.
Details
Maps
Contract Information
Status: Active
Current Price: $5,750,000
Contingency: None
ListPrice: 5750000
List Date: 2026-09-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 30
Owner Occupied: No
Waterfront YN: No
Year Built: 1987
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 3
Baths Total: 2
Foundation Size: 11292
Garage Stalls: 23
For Sale or Lease: For Sale
Acres: 1.62
Lot Dimensions: ~366' x ~366
Assessment Pending: Unknown
Additional Parcels Information
Property ID #2: 212922310011
Property ID #3: 212922310012,212922310010
Assessments
Tax With Assessments: 108578
Basement
Foundation Dimensions: 180x63
Building Information
Building Finished SqFt: 56460
Building SqFt: 67752
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Power Production
Power Production Type: Solar
Year Installed: 2018
Public Survey Info
Range#: 22
Section#: 21
Township#: 29
Sale Options
Sale Includes: Building, Land
Unit 1
No. of 1 Bedroom Units: 24
Unit Details
Total Units: 53
Income and Expenses
Annual Gross Income: 867255
Unit 2
No. of 2 Bedroom Units: 29
Location Tax and Other Information
House Number: 985
Street Name: Ivy
Street Suffix: Avenue
Street Direction Suffix: E
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55106
Complex/Dev/Subdivision: Phalen Shores
Property Features
Accessible: Accessible Elevator Installed
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Leased
CMU Style: Apartments/Multi Family
Construction Materials: Brick; Concrete
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Brick/Stone; Concrete
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler; Hot Water
Lock Box Type: Combo
On Site Utilities: Electric Common; Electric Separate; Heating Common; Hot Water Common
Parking Characteristics: Parking Lot; Shared Garage/Stall; Heated Garage
Rental License Type: Standard
Sewer: City Sewer/Connected
Shared Rooms: Community Room
Water: City Water/Connected
Listing Office: MRG Realty Partners, LLC
Last Updated: September - 28 - 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.
