7118–7120 Minnesota Ave | St. Louis, MO 63111 | Carondelet Duplex

Property Contact: Ryan Wessels | (314) 947-3735 | rwessels@threedoors.com

Turnkey, fully-rented brick duplex in the historic Carondelet neighborhood — one of South City's most stable and steadily appreciating zip codes. Both units are leased and producing income on day one, with combined gross rents of $1,700/month ($20,400/year) and existing tenants in place through 2026 and into 2027.

This is a larger-than-average duplex for the Minnesota Ave corridor — and unlike most of the comparable duplexes in the area, each unit features a half bath downstairs AND a full bath upstairs, a layout buyers and renters consistently pay a premium for. The property has also passed a Section 8 inspection, opening the door to long-term subsidized rent options if you want them.

A clean turnkey hold, or light cosmetic refresh on Unit 2 to push rents closer to market and squeeze additional value.

🏠 RENT ROLL

7118 Minnesota – 2 bed / 1.5 bath – $775/mo through 8/31/26
7120 Minnesota – 2 bed / 1.5 bath – $925/mo through 1/31/27

🔧 CONDITION & SYSTEMS

Parts of the property were updated within the last 5–6 years, and parts have not been. Overall, both units are fine and turnkey today — with light cosmetic upside in Unit 2 if you want to push rents on the next renewal.

Roof – 10 yrs, estimated
HVAC – 10 yrs, estimated, unit 1 furnace is newer than unit 2
Electrical – 10 yrs, estimated, unit 1 panel is newer than unit 2
Plumbing – 10 yrs, estimated, mostly PVC
A/C – Window units in both units
Water Heaters – good condition

💰 COMPARABLE SALES

7621 Virginia Ave – Sold 12/10/25 | Duplex, 2,460 sqft | $215,000
6432 Idaho Ave – Sold 9/22/25 | Duplex, 2,070 sqft | $155,200
6726 Vermont St – Active | Duplex, 2,862 sqft | $200,000

Why Carondelet:

Carondelet is one of St. Louis' oldest neighborhoods — founded in 1767 — with strong architectural character, a Walk Score in the 60s, and easy access to Carondelet Park, Bellerive Park, and I-55. Median sale prices in the neighborhood are up ~5% year-over-year, and demand for cash-flowing small multifamily here remains consistently strong.

📋 TRANSACTION DETAILS

Closing Date: 6/26/2026
Title Company: Freedom Title
Occupancy: Tenant-occupied (both units)
Sold as-is
Earnest money + proof of funds required with contract

DISCLAIMERS

Three Doors and Three Doors Properties make no warranties or guarantees regarding the accuracy of information, property condition, ARV, or any other details. All information provided is believed to be accurate but not guaranteed. Buyers are responsible for conducting their own due diligence.

All properties are sold as-is, by private sellers to private buyers. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material. All listings and transactions must comply with local, state, and federal laws.

This listing may represent an assignment of a purchase contract, not a direct property sale. In this case, the advertised price includes the original contract price plus an assignment fee.

This opportunity is offered to qualified real estate investors only. Buyer must pay for all closing costs.