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If I was going to move elsewhere in St. Paul it would probably be to the area you're talking about, Selby/Dale or by Hamline. I'd lean toward not living right on Grand but I could possibly be swayed by the right cost/location. Just my opinion, but things will be busier, louder, worse parking, etc. I'd shoot for an intersecting street or something that runs parallel on the south like Lincoln, Goodrich or Fairmount Aves. You would still be in walking distance of bars, restaurants and stores aplenty.
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