Rock Island Realty

Traditional

3537 Minnesota Avenue

St Louis, MO 63118

MLS#: 26064670

$249,900

Status: Active
Listing number: 26064670
Listing provided by: Real Broker LLC
Listing agent phone: None
Last update: 6 days ago
On site: 10 days ago
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Murris Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1923

Sq.Footage

2,104

Excellent investment opportunity! This fully leased duplex offers an estimated 9.32% cap rate based on current rental income and 8% Vacancy rate and reported operating expenses. Each unit features 2 bedrooms and 1 full bathroom, with a 2-car garage providing additional convenience. Both units have access to the basement via a rear staircase, where laundry hookups are available for tenant-provided washers and dryers. Notable improvements include separate heating and cooling systems installed in 2016, water heaters replaced in 2026, updated electrical panels, PVC plumbing, and select vinyl replacement windows. Both units are currently occupied, with leases extending through February 2027 and the other unit in a Month to Month term, providing established rental income. Tenants pay their own gas and electricity, while the landlord pays water, sewer and trash. An attractive addition to an investment portfolio with existing tenants, updated mechanical systems, and an established rental history. Schedule your showing today!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2104.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Brick

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.0962

  • Lot Size(square feet)

    4,190

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Traditional

Price

  • Sales Price

    $249,900

  • Tax Amount

    $1,543

  • Financing Options

    1031 Exchange, Cash, Conventional

  • Sq. Footage

    2,104

  • Price/SqFt

    $118

HOA

  • Association

    No

School District

  • Elementary School

    Froebel Elem.

  • Middle School

    Long Middle Community Ed. Center

  • High School

    Roosevelt High

Property Features

  • New Construction

    NO

  • Foundation Details

    Stone

  • Ownership

    Private

  • Water Source

    Public

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Location

County

St Louis City

Elementary School

Froebel Elem.

Middle School

Long Middle Community Ed. Center

High School

Roosevelt High

Listing Courtesy of Yuliana Erazo Hidalgo, Real Broker LLC

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Agent Emily Kostuke

Agent / Realtor®

Emily Kostuke

Call Emily today to schedule a private showing.

(816) 916-5630

emily@homeatthelake.com


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Excellent investment opportunity! This fully leased duplex offers an estimated 9.32% cap rate based on current rental income and 8% Vacancy rate and reported operating expenses. Each unit features 2 bedrooms and 1 full bathroom, with a 2-car garage providing additional convenience. Both units have access to the basement via a rear staircase, where laundry hookups are available for tenant-provided washers and dryers. Notable improvements include separate heating and cooling systems installed in 2016, water heaters replaced in 2026, updated electrical panels, PVC plumbing, and select vinyl replacement windows. Both units are currently occupied, with leases extending through February 2027 and the other unit in a Month to Month term, providing established rental income. Tenants pay their own gas and electricity, while the landlord pays water, sewer and trash. An attractive addition to an investment portfolio with existing tenants, updated mechanical systems, and an established rental history. Schedule your showing today!

3537 Minnesota Avenue

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