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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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1631 Charles Ave , Saint Paul, MN 55104
$1,150,000
Est. Payment: $5,941.44/mo
0 Bed
0 Bath
10260 Sqft
Status: Active | Days on site: 449
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27376 - 506069385
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House Description

Charles Place apartments presents a unique value-add investment opportunity right in the heart of Saint Paul within walking distance to the newly built Allianz Stadium where the MN United soccer team plays! This whole Merriam Park neighborhood currently is in an opportunity zone and is getting transformed into a trendy and upscale destination. Take advantage of this opportunity to acquire 15 units, all-brick exterior, built in 1940 with original oak hardwood flooring and original doors and plaster coved ceilings. A newer Lochinvar Knight hot water boiler system was installed in 2012 and newer water heaters in 2010. The whole building received newer Andersen Series 100 windows in 2018. Electrical panels to each unit are on 60-amp breakers. Operations receive additional revenue from on-site coin operated laundry. All units are currently occupied and leased and ready for new owners to take over!! Average studio rent is $777 and average one-bedroom rent is $876 per month with plenty of room to move these rents up to market. Stabilized with zero delinquencies and a current in place 9.23% Cap Rate!!

Highlights

Listed by Nathan P. Opatz , 651-263-3653 Apartment Cash Flow, Inc. , 651-263-3653. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Commercial Sale

Lot/Acreage
0.17

Year Built

1940

County

Ramsey

Neighborhood

Stierle, Mcconville &, Seegers

School District

St. Paul

Listing ID

6739015

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Range, Refrigerator
Air Cond:Window Unit(s)
Fireplaces:
Basement:Daylight/Lookout Windows,Finished,Full,Concrete,Partially Finished
Water:City Water/Connected

Exterior Features

Lot:Tree Coverage - Light
Lot Dimensions:50 x 120
Zoning:Residential-Multi-Family
Roof:Age Over 8 Years,Flat
Sewer:City Sewer/Connected
Parking Features:On-Street Parking Only
Principal Interest
$5,941
Taxes
$2,066

Home Price

$1,150,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$230,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,941.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,941.44 $2,066.00 $0.00 $8,007.44
Yearly $71,297.28 $24,792.00 $0.00 $96,089.28
Total $2,138,918.50 $743,760.00 $0.00 $2,882,678.50
Lender profile image
Will Provost
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Saint Paul, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Hatch Brokered by Real | Real Brokerage LLC | PLACE are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.
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Data last updated: 2026-09-06T04:57:07.000Z

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