63118 Homes under $250,000

63118 Homes under $250,000

Welcome to the vibrant and historic neighborhood of St. Louis, Missouri, nestled within the 63118 zip code! This area is a treasure trove of culture, charm, and community spirit, making it an ideal place for first-time homebuyers, families, and investors alike.

The 63118 zip code is characterized by its rich history, with stunning architecture that tells the story of St. Louis's past. From beautifully restored brick homes to modern townhouses, there’s a diverse range of properties to explore. One of the most appealing aspects of this neighborhood is the availability of homes priced under $250,000. This affordability opens the door for many individuals and families looking to plant their roots in a thriving community without breaking the bank.

Residents of 63118 enjoy easy access to an array of local amenities, including parks, shops, and dining options that reflect the area's eclectic character. The community is known for its friendly atmosphere and active neighborhood organizations, fostering a sense of belonging among its residents. Additionally, the proximity to downtown St. Louis means you’re never far from the city’s vibrant arts scene, sporting events, and entertainment options.

Whether you’re looking for a cozy starter home, a charming fixer-upper, or an investment property, the 63118 zip code offers a fantastic opportunity to become part of a dynamic and welcoming community. Discover your dream home in St. Louis today, where history meets modern living in the heart of Missouri!

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

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