3417 Minnesota Ave St St. Louis, MO 63118
- Land
- 1 SF
- 0.15 lot acres
Current Use by Public Records
- Land
Property Details for 3417 Minnesota Ave St
- Lot size
- 0.15 lot acres
- Property size
- 1 SF
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a rare chance to acquire a multifamily property in the desirable St. Louis, Missouri, market. Located at 3417 Minnesota Ave, zip code 63118, this property encompasses a 0.15-acre lot and currently features four units. The asking price is $60,000, translating to a price per square foot of $60,000. The property is zoned B Two Family, allowing for the construction of up to four units. This zoning designation offers significant flexibility for potential investors. The existing structure presents an immediate income-generating opportunity, while the zoning also permits alternative development scenarios. The combined lots offer the potential for infill development, creating an opportunity to expand the existing units or construct a new single-family dwelling. The generous lot size also allows for creative uses such as incorporating an urban garden space. This property is ideally situated in St. Louis, providing easy access to local amenities and transportation networks. The combination of existing income potential and significant redevelopment possibilities makes this a compelling investment prospect for both seasoned investors and those seeking to enter the real estate market. This is a unique chance to acquire a property with substantial upside potential in a thriving urban area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- State
- Missouri
- Longitude
- -90.235
- Latitude
- 38.5938
