It was almost two years ago that I wrote this article. I called it “Tower of bargains at Gallery towers” The building is still there and there are still some bargains but the lowest priced units at 55K or more and there is only one such unit currently for sale that doesn’t have an offer on it.
I am still seeing some condos in downtown St. Paul on the market for less than 100K but they are not as plentiful as they used to be and last month I couldn’t find any. The least expensive condos in downtown St. Paul can be found at City walk, Gallery Tower and the Rossmor. These units are small and they sell very quickly. Those looking for “old world charm” will have to pay much more and should also consider looking in the neighborhoods just west of downtown.
Right now average prices downtown are in the 233K price range which is higher than the city average of 176K.
My August 2011 article:
gallery towers 26 W. 10th Street, St. Paul, MN 55102
The Gallery Towers condo building in downtown St. Paul is located at 26 West 10th Street. It is off the beaten path unless you work at St. Josephs Hospital or any number of government offices in the area.
I call this a tower of bargains because right now there are 12 units on the market priced between 39 and 89K. The largest unit has 3 bedrooms. The median price in the building last year was a little over 60K. It may seem like there are a lot of units in the building for sale but with a total of 182 units there are always some on the market.
The Gallery Towers building was built 30 years ago and some of the units still have that kind of 80’s thing going on but they are in good shape and ready to move into with some wonderful views. A couple of months ago I had a client buy one of the units. He works nearby he paid cash and will save thousands on rent for years to come and be able to save even more money by walking to work.
