Building Details

Year Built 1990

Listing Agency: Granite City Real Estate m***@svn.com Show Phone

Listed By: Mike Bobick, CCIM · License #40795096

Source: Svn

Added: Mar 6 Changed: Aug 8 Last Checked: Aug 8 at 6:19AM

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Investment Insights

Based on property information with market context.

This is a well-maintained apartment building constructed in 1990, featuring quality brick construction. The property comprises 21 one-bedroom units, each equipped with separate electric meters and electric subpanels, as well as large walk-in closets. Heating is provided by a boiler system in the units, with forced-air heat in the hallways. Tenant-owned wall A/C units are present. Recent updates include a new water heater installed in 2024, and a roof replacement in 2007. The building offers in-building coin laundry facilities on both levels, controlled access with an intercom and door entry system, and handicap accessibility with an elevator and auto door openers. Residents can enjoy a community room with a full kitchen, a lounge, cabana, grill and picnic area, and private green space. Parking includes 12 detached garage stalls and 25 surface parking spaces, with parking lot outlets for vehicle plug-ins. Additional storage lockers are available for each tenant. The property is equipped with a fire panel monitoring system and camera surveillance in common areas, along with an on-site manager office, exterior lighting, and an enclosed trash area. Attractive landscaping and ample off-street parking enhance the property's appeal.

Key Highlights

• 21 well‑maintained 1‑bedroom units offering immediate rental income potential.
• Controlled access with intercom, door entry system, fire panel monitoring, and camera surveillance in common areas for enhanced security.
• Ample parking with 12 detached garage stalls and 25 surface spaces, including parking lot outlets for vehicle plug‑ins.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Law Firm Spa & Massage Center Storage Facility Auto Repair Shop Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

93

Businesses Nearby

Explore this area Business Placement

Demographics for 55070, MN

8,342

Population

2,947

Households

2.8

Avg Household Size

35

Median Age

16%

College-Educated

93%

High-School Grad

25.5 sq mi

ZIP Area

327

Density / Sq Mi

$101,925

Median Household Income

$50,908

Median Earnings

$1,148

Median Rent

$301,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - 21-unit apartment building built in 1990 with many amenities.

Where is this apartment building located?

The property is located at Sale Price Saint Francis, MN.

What is the asking price?

The asking price for this property is $2,295,000.

What are key features of this property?

This property features: 21 well‑maintained 1‑bedroom units offering immediate rental income potential.; Controlled access with intercom, door entry system, fire panel monitoring, and camera surveillance in common areas for enhanced security.; Ample parking with 12 detached garage stalls and 25 surface spaces, including parking lot outlets for vehicle plug‑ins.