Prop NS
LRA has properties primed and positioned for rehabbers looking for a home to fix up. The Prop NS Program, established in 2017 by the voter-approved Proposition Neighborhood Stabilization (Prop NS), utilizes bond funding to stabilize, secure and sell vacant LRA-owned residential buildings of no more than six (6) units.
Upon completion of stabilization, competitive bids are accepted within 21-day bid windows.
53 Prop NS Stabilized Buildings Available for Offers by Noon on March 24
The Prop NS Program currently has 6 new and 47 previously listed Prop NS-stabilized LRA buildings posted for offers to purchase until noon on Monday, March 24.
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This image is a promotional flyer showing 6 newly stabilized buildings available for purchase in St. Louis, Missouri, under Prop NS. The flyer is divided into two rows and six columns, each displaying an image of a building, its address, and neighborhood. The headline reads "6 New Prop NS Stabilized Buildings Available" in a blue banner across the top, with a note that bids are being accepted until "Monday, Mar 24 (noon)."
First column:
4010 St Louis Ave (The Greater Ville)
Second column:
4024 Aldine Ave (The Greater Ville)
Third column:
3507 Dodier St (Jeff-Vander-Lou)
Fourth column:
4011 Finney Ave (Vandeventer)
Fifth column:
5249 Emerson Ave (Walnut Park East)
Sixth column:
5734 Era Ave (Walnut Park West)
Middle note:
"PLEASE NOTE: Even with the Prop NS stabilization work, these buildings still require significant investment to reach occupancy standards. Offerors will need to show that they have the resources & capacity to complete rehab to City of St. Louis occupancy standards within 24 months."
Bottom section:
"View 47 additional available properties" A note directs potential buyers to a website for 43 additional available properties "stlouis-mo.gov/Prop-NS." It also provides a contact email (prop-ns@stlouis-mo.gov) and phone number (314-657-3763) for questions. The SLDC (St. Louis Development Corporation) logo is shown in the bottom left corner. The LRA (Land Reutilization Authority) logo is shown in the bottom right corner.
The full list of available buildings, along with information sheets for each of the properties, including the required Prop NS offer form, which bidders will need to complete and submit with their offers, can be found by clicking the button below.
A limited number of buildings will be opened up for prospective bidders to view the interiors on dates still to be determined, most likely around or after March 13th. The final schedule will depend on which properties have been requested. Due to staffing capacity, we may not be able to show all properties requested. However, additional photos will be made available upon request. If you are interested in seeing a particular property, email Henry at prop-ns@stlouis-mo.gov.
Please note that ALL Prop NS buildings will still require significant investment, including for new systems. Buyers of Prop NS-stabilized buildings will be expected to demonstrate their capacity and resources to complete full rehabs to satisfy occupancy permit standards, as required by the City of St. Louis Building Division.
