About 616 Ivy Avenue E
Seven-unit apartment building in Saint Paul's Payne-Phalen neighborhood, built 1959, approximately 4,800 SF on an RM2 lot. All units are 1BR/1BA. Two units have been renovated by current ownership. Rear off-street parking pad installed, shared coin laundry, basement storage and an exterior shed. Seller has installed a new 200 amp electrical panel as of April 2025 in the laundry room for the entire building and all work was permitted. Very clean building with room to increase rents to market. Unit #1 has an approved Section 8 tenant moving in 10/31/26, and the remaining units could also pursue Section 8 approval if the next owner chooses that route. Unit 3 is vacant and being marketed at $1,150 to both section-8 and non-section-8 renters.
Features of 616 Ivy Avenue E
| MLS® # | 7127470 |
|---|---|
| Price | $649,900 |
| Bedrooms | 7 |
| Bathrooms | 7.00 |
| Acres | 0.25 |
| Year Built | 1959 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 616 Ivy Avenue E |
|---|---|
| Area | 98 |
| City | Saint Paul |
| County | Ramsey |
| State | MN |
| Zip Code | 55101 |
Amenities
| Amenities | Coin-op Laundry Leased |
|---|---|
| Utilities | Electric Separate, Heating Common, Hot Water Common |
| Parking | Concrete, Shared Driveway, Unassigned |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Exhaust Fan, Range, Refrigerator |
|---|---|
| Heating | Hot Water |
| Cooling | None |
| Fireplace | No |
Exterior
| Exterior Features | Stucco |
|---|---|
| Lot Description | Public Transit (w/in 6 blks) |
| Roof | Age Over 8 Years, Asphalt, Pitched |
School Information
| District | St. Paul |
|---|
Additional Information
| Days on Market | 15 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $11,758 |
| Tax Year | 2026 |
Listing Details
| Office | RE/MAX Results |
|---|