63118 Homes under $250,000

63118 Homes under $250,000

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Newest 63118 Homes under $250,000

3922 Minnesota Ave, St Louis
$159,900
26062873 MLS ⋅ ACTIVE Status
3922 Minnesota Avenue is a classic brick two-family property located in South St. Louis City. The property is convenient to public transportation, neighborhood restaurants and shopping. Residents also have convenient access to Tower Grove Park, Saint Louis University, major medical and employment centers and downtown St. Louis. Built in approximately 1912, the property contains approximately 2,396 square feet across two spacious residences, at an attractive $66 per sq ft. The apartments feature large rooms, high ceilings, generous kitchens and the character associated with historic South City construction. There is the potential to easily convert the units by adding a wall and closet to one of the living rooms. The building also provides a full shared basement and rear yard. These features create a strong foundation for targeted cosmetic improvements without requiring a complete reconfiguration of the existing floor plans. One unit is currently occupied at $875 per month, while the vacant unit has recently been marketed between approximately $875 and $925. At $875 per unit, the property would generate approximately $1,750 in monthly scheduled rent when fully occupied. Comparable two-bedroom rentals in the surrounding market are generally advertised from approximately $950 to $1,100, with higher rents possible for more extensively updated residences. Improvements to kitchens, bathrooms, flooring and finishes provide a direct path to higher rental income and a more competitive position within the 63118 rental market. There is potential equity and upside with the building, a nearby property at 3617 Minnesota sold for $300,000 following a renovation, establishing the upper end of the market for a finished product. This spread gives a buyer a clear value-add strategy: create additional bedrooms if desired, raise rents either as is or with additional updates to the units, and create additional equity and income.

3922 Minnesota Ave, St Louis

3422 S Compton Ave, St Louis
$198,900
26062567 MLS ⋅ COMING SOON Status
TURN-KEY INVESTMENT OPPORTUNITY IN SOUTH ST. LOUIS Welcome to 3422 S Compton—a well-maintained brick multifamily property offering investors an opportunity to own a recently updated, low-maintenance asset in a convenient South St. Louis location. Updated in 2021, the property features fresh paint, stainless steel appliances, updated light fixtures, and modern vanities. Each unit offers a desirable layout with a living room, dining room, two bedrooms, kitchen, full bathroom, and private deck—providing attractive rental features for tenants. Additional property highlights include: Brick construction with low-maintenance exterior Two-bedroom layouts in each unit Private decks for outdoor entertaining Full air conditioning Basement laundry hookups Both units have passed municipal occupancy inspection Convenient access to I-55 Close to Gravois Avenue, Cherokee Street, Chippewa Street, restaurants, and shopping The lower-level unit is currently leased, providing immediate rental income. Please do not disturb the tenant. With recent improvements already completed, functional floor plans, established rental income, and a convenient location near major transportation and neighborhood amenities, 3422 S Compton offers an appealing opportunity for investors seeking a property with value-add and long-term rental potential. Schedule your showing today and take advantage of this South St. Louis investment opportunity.

3422 S Compton Ave, St Louis

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