32-Unit Apartment
For Sale
Contact for pricing
1940 Iglehart Ave, Saint Paul, MN 55104
One- and two-bedroom residences with surface and garage parking, owned laundry equipment, and an on-site manager.
Property Size33,500 SF
Lot Size0.24 Acres
Days on Market94
Property Features for 1940 Iglehart Ave
General Information
Standard status
Active
Size
33,500 SF
Total Parking Spaces
30
Lot size
0.24 Acres
Property subtype
Multifamily
Units
Unit Mix
16 x 1BR, 12 x 2BR/1BA, 4 x 2BR/1.5BA
Multifamily Units
32
Additional Details
Average Monthly Rent
$1,193
Amenities
on-site manager
laundry equipment
Established Merriam Park Location – Positioned in a Desirable Saint Paul Neighborhood with Access to Nearby Education, Recreation, and Residential Amenities.
Spacious Floor Plans – Residences Average Approximately 959 Square Feet, Providing Larger Layouts than Many Competing Rental Options.
Stable In-Place Rents – Average Rents are Approximately $1,193 per Month, Supporting a Solid Existing Income Pro?le.
Proximity to Major Colleges – Located Near Macalester College and the University of St. Thomas, Helping Support Steady Renter Demand.
Nearby Recreation Amenities – Located Just Three Blocks from Merriam Park, with Baseball Diamonds, Tennis Courts, a Soccer Field, and Open Green Space.
Building Details
Building Size
33,500 SF
Year Built
1972
Units
32
Listing Agency:
Minneapolis Office
Listed By:
Abe Roberts · License #License(s): MN: 40445509
(952) 852-9768
Source:
Marcusmillichap
Added: Jun 1
Changed: Aug 31
Last Checked: Aug 31 at 12:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Minneapolis Office
Investment Insights
Based on property information with market context.
Built in 1972, this 32-unit apartment property offers a mix of 16 one-bedroom residences, 12 two-bedroom/one-bath residences, and 4 two-bedroom/one-and-a-half-bath residences. Average residence size is approximately 959 square feet. The 0.24-acre property includes 25 surface parking spaces and 5 garage spaces, along with owned laundry equipment and an on-site manager. Capital improvements include a roof replacement completed in 2022 and window replacements completed in 2006. LVP flooring is installed in 30 units.
The property is located at 1940 Iglehart Ave in Saint Paul, near Macalester College and the University of St. Thomas. Merriam Park is three blocks away and provides baseball diamonds, tennis courts, a soccer field, and open green space. The location combines access to educational institutions, recreation, and surrounding residential amenities.
The property is located at 1940 Iglehart Ave in Saint Paul, near Macalester College and the University of St. Thomas. Merriam Park is three blocks away and provides baseball diamonds, tennis courts, a soccer field, and open green space. The location combines access to educational institutions, recreation, and surrounding residential amenities.
Key Highlights
- 32 units with 16 one‑bedroom, 12 two‑bedroom/one‑bath, and 4 two‑bedroom/one‑and‑a‑half‑bath residences
- Residences average approximately 959 square feet
- 25 surface parking spaces and 5 garage spaces on a 0.24‑acre lot
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - One- and two-bedroom residences with surface and garage parking, owned laundry equipment, and an on-site manager.
Where is this apartment building located?
The property is located at 1940 Iglehart Ave Saint Paul, MN.
What are key features of this property?
This property features: 32 units with 16 one‑bedroom, 12 two‑bedroom/one‑bath, and 4 two‑bedroom/one‑and‑a‑half‑bath residences; Residences average approximately 959 square feet; 25 surface parking spaces and 5 garage spaces on a 0.24‑acre lot
