1489 Sherburne Avenue

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Address: 1489 Sherburne Ave, St Paul, MN 55104, USA
Chicago & Midwest + Apartment Buildings
Created date: October 13, 2026
Date last updated: October 22, 2026
Price: $250,000Investment Analyzer NEW!

Property Description

Unique triplex investment opportunity! Why rent when you can own and have tenants help pay your mortgage? This versatile property features three electrical meters, two gas meters, and separate electrical panels, offering excellent potential for income generation. The main-floor kitchen was updated approximately 10 years ago, and the upper-level unit includes a kitchenette. With the addition of a full kitchen on the second floor, the upper level could function as a fully independent rental unit, creating even greater income potential. Tenants currently pay all utilities, including water, helping to maximize cash flow. The property also features beautiful original hardwood floors, classic leaded-glass windows, and a roof that was replaced approximately 15 years ago. Whether you're an owner-occupant looking to offset your housing costs or an investor seeking strong rental income, this property offers tremendous opportunity. It may also be well-suited for shared housing, room rentals, or other creative investment strategies. Excellent cash-flow potential!

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $250,000
Year Built: 1911
Lot Size: 3,098.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 8
Number of Bathrooms: 3
Address: 1489 Sherburne Avenue, Saint Paul, MN 55104, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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