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$349,000   Price Analysis
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1060 Seminary Ave
Saint Paul, MN 55104
4 bed 2 bath 1,808 SqFt ($193/SqFt)
5,227SqFt lot. Built 1900
Listed 2024-06-25, Taxes $5,098
Ⓧ USDA Ineligible
due to location

near Saint Paul

This well-maintained

Beautiful, classic duplex is in the middle of a extraordinary residential area, close to campuses and Como Park. This property was in good condition and the current owner made many improvements, including a new upper unit furnace in 2019, a lower u nit kitchen in 2020, a lower unit humidifier in 2023 and freshly painted; the seller was planning to hold for years. It is always rented with good tenants.

It has an excellent rental history. The floor plans are original, with a lower-level unit bedrom exit onto the patio for early morning coffee. Off-street parking in a 2-stall garage is a tenant favorite. The location is fantastic; it is near a new redevelopment in the city, with lakes, restaurants and cafes in the vibrant part of St Paul. This property presents an excellent opportunity for long-term invest, with tenants paying most utilities and doing shared mowing and snow removal. The duplex has its utilities separated, is low-maintenance and has been a joy to manage.


Presented by Dave Gallogly at
Msp Services, Llc.
Listing Agent Photo

Property MLS #6559238 from NorthstarMLS

Bedrooms: 4

Basement Features: Unfinished

Full Bathrooms: 2

Heating Features: Forced Air
Heating Fuel: Natural Gas

Stucco
Road Frontage Type: Curbs, Sidewalks
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Size Acres: 0.12
Lot Size Dimensions: 39x139
Lot Size Square Feet: 5227

Garage Spaces: 2
Parking Features: Detached Garage
Garage Dimensions: 22 x 24
Garage Sqft: 528

Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 500.00

Gross Income: 17348.00
Tenant Pays: Electric, Gas

Number of Units: 2

School District: 625 - St. Paul

Maxfield Magnet Elementary School is a public elementary school located approximately 0.9 miles away.
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Central Senior High School is a public high school located approximately 1.1 miles away.
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Ramsey Middle School is a public middle school located approximately 2.1 miles away.
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Central Lutheran School is a private elementary and middle school located approximately 0.1 miles away.
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Annual Tax Amount: 5554.00
Source Listing Status: Active
County: Ramsey-MN
Directions: I94 W, North to Lexington Ave, East to W Seminary, property on right
Tax Year: 2023
Source Property Type: Multi-Family
Insurance Expense: 2800.00
Source Neighborhood: Thomas-Dale (Frogtown)
Owner Pays: Insurance, Maintenance/Repair, Sewer, Taxes, Trash, Water
Parcel Number: 262923330144
Subdivision: Winters Add To, St Paul
Trash Expense: 900.00
Zoning: Residential-Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$232,500 + $20,000
$252,500
$5,098
2021$unknown + $unknown
$226,900
$3,694
2020$unknown + $unknown
$166,500
$3,118
2019$167,100 + $11,200
$178,300
$3,964
2018$unknown + $unknown
$125,900
$2,376
2017$unknown + $unknown
$79,300
$1,610
2016$unknown + $unknown
$59,900
$1,414
2015$unknown + $unknown
$58,500
$1,116
2014$unknown + $unknown
$46,900
$976
2013$unknown + $unknown
$51,400
$1,072
2012$unknown + $unknown
$63,400
$1,180
2011$88,300 + $17,300
$105,600
$1,354
2009$unknown + $unknown
$158,200
$1,828
2008$unknown + $unknown
$185,200
$1,966
2007$unknown + $unknown
$161,000
$1,688

Listed 2024-06-25
$349,000
NorthstarMLS
Sold 2019-08-05
$293,855
NorthstarMLS
Listed 2019-05-15
$279,900
NorthstarMLS
Sold 2015-09-16
$152,250
NorthstarMLS
Sold 2015-04-20
$152,250
Public Record
Listed 2015-02-25
$149,900
NorthstarMLS
Sold 2004-06-14
$190,000
Public Record
Sold 1997-08-08
$58,500
Public Record

Net Operating Income: 8204.00
Operating Expense: 9144.00

Total Square Feet Living: 1808
Above Grade Finished Area: 1808
Construction Materials: Frame
Foundation Area: 904.00
Property Age: 124
Property Condition: Previously Owned
Roof: Asphalt Shingles
Levels or Stories: 2
Total Above Grade Sqft Area: 1808.00
Total Area Main: 904.00
Total Below Grade Area: 904.00

Electric: 100 Amp Service
Sewer: City Sewer/Connected
Water Sewer Expense: 980.00
Water Source: City Water/Connected
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.