124 E 17th St
Duplex · 2 units: 2 bed / 1 bath and 1 bed / 1 bath unit split estimated · 1,346 sq ft
Hibbing, MN · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $95,000 2 units · $48K per unit
- Monthly cash flow
- $820 at 20% down, 7%
- Estimated rent
- $2,475/mo medium confidence
- Break-even price
- $249,039 where cash flow hits $0
First look
A $95K duplex in Hibbing that has sat 211 days is the kind of listing where the price is the story. Our model shows about $820/month cash flow and a 16.7% cap rate, but it uses estimated rents with a huge range ($650 to $2,250 for a 2-bed) and unverified taxes, so don't trust it yet. The description gives no rents, no lease terms, no utilities and no repair info, so the first step is getting the rent roll, leases and tax bill. A 1890 house with 'long term tenants' often means below-market rents and deferred maintenance. Worth a showing only if the rents and inspection hold up, and the long time on market gives you room to negotiate.
Things to consider
- Rents are unknown The model uses estimates with a wide range, so the real cash flow could be far from $820/month. The rent roll decides whether this works.
- Taxes and unit count unverified No county parcel match means taxes, legal unit count and assessments are unknown, and they can swing returns.
- Why is it under $100K? Low price often reflects major repairs or title issues. Inspect before trusting the yield.
- Age of the building An 1890 build means budgeting for wiring, plumbing, foundation and heating updates.
- Negotiating leverage Seven months on market gives room to offer under ask, especially if inspection finds issues.
From the photos
Based on 1 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
The numbers
Edit rents, costs and assumptions
Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).
The deal
- Price
- $95,000
- Cash to close
- $12,350
- Price per unit
- $47,500
- GRM
- 3.2
Each month
- Cash flow
- $703/mo
- Cash-on-cash
- 68.3%
- Cap rate
- 16.7%
- DSCR
- 2.13×
Break-even
- Price that breaks even
- $202,358
- Rent that breaks even
- $1,562/mo
Long run
- Year 30: property vs stocks
- $1.56M vs $94K
- Cash flow turns positive
- year 1
The deal
- Price
- $95,000
- Cash to close
- $12,350
- Price per unit
- $47,500
- GRM
- 3.2
Each month
- Cash flow
- $494/mo
- Cash-on-cash
- 48.0%
- Cap rate
- 14.1%
- DSCR
- 1.79×
Break-even
- Price that breaks even
- $170,392
- Rent that breaks even
- $1,754/mo
Long run
- Year 30: property vs stocks
- $1.24M vs $94K
- Cash flow turns positive
- year 1
The deal
- Price
- $85,000
- Cash to close
- $11,050
- Price per unit
- $42,500
- GRM
- 2.9
Each month
- Cash flow
- $769/mo
- Cash-on-cash
- 83.5%
- Cap rate
- 18.7%
- DSCR
- 2.38×
Break-even
- Price that breaks even
- $202,358
- Rent that breaks even
- $1,477/mo
Long run
- Year 30: property vs stocks
- $1.61M vs $84K
- Cash flow turns positive
- year 1
The deal
- Price
- $85,000
- Cash to close
- $11,050
- Price per unit
- $42,500
- GRM
- 2.9
Each month
- Cash flow
- $559/mo
- Cash-on-cash
- 60.7%
- Cap rate
- 15.8%
- DSCR
- 2.00×
Break-even
- Price that breaks even
- $170,392
- Rent that breaks even
- $1,659/mo
Long run
- Year 30: property vs stocks
- $1.28M vs $84K
- Cash flow turns positive
- year 1
The deal
- Price
- $95,000
- Cash to close
- $21,850
- Price per unit
- $47,500
- GRM
- 3.2
Each month
- Cash flow
- $820/mo
- Cash-on-cash
- 45.0%
- Cap rate
- 16.7%
- DSCR
- 2.62×
Break-even
- Price that breaks even
- $249,039
- Rent that breaks even
- $1,410/mo
Long run
- Year 30: property vs stocks
- $1.65M vs $166K
- Cash flow turns positive
- year 1
The deal
- Price
- $95,000
- Cash to close
- $21,850
- Price per unit
- $47,500
- GRM
- 3.2
Each month
- Cash flow
- $610/mo
- Cash-on-cash
- 33.5%
- Cap rate
- 14.1%
- DSCR
- 2.21×
Break-even
- Price that breaks even
- $209,698
- Rent that breaks even
- $1,584/mo
Long run
- Year 30: property vs stocks
- $1.33M vs $166K
- Cash flow turns positive
- year 1
The deal
- Price
- $85,000
- Cash to close
- $19,550
- Price per unit
- $42,500
- GRM
- 2.9
Each month
- Cash flow
- $873/mo
- Cash-on-cash
- 53.6%
- Cap rate
- 18.7%
- DSCR
- 2.93×
Break-even
- Price that breaks even
- $249,039
- Rent that breaks even
- $1,341/mo
Long run
- Year 30: property vs stocks
- $1.69M vs $149K
- Cash flow turns positive
- year 1
The deal
- Price
- $85,000
- Cash to close
- $19,550
- Price per unit
- $42,500
- GRM
- 2.9
Each month
- Cash flow
- $664/mo
- Cash-on-cash
- 40.7%
- Cap rate
- 15.8%
- DSCR
- 2.47×
Break-even
- Price that breaks even
- $209,698
- Rent that breaks even
- $1,507/mo
Long run
- Year 30: property vs stocks
- $1.36M vs $149K
- Cash flow turns positive
- year 1
The deal
- Price
- $95,000
- Cash to close
- $26,600
- Price per unit
- $47,500
- GRM
- 3.2
Each month
- Cash flow
- $851/mo
- Cash-on-cash
- 38.4%
- Cap rate
- 16.7%
- DSCR
- 2.80×
Break-even
- Price that breaks even
- $265,641
- Rent that breaks even
- $1,369/mo
Long run
- Year 30: property vs stocks
- $1.69M vs $202K
- Cash flow turns positive
- year 1
The deal
- Price
- $95,000
- Cash to close
- $26,600
- Price per unit
- $47,500
- GRM
- 3.2
Each month
- Cash flow
- $642/mo
- Cash-on-cash
- 29.0%
- Cap rate
- 14.1%
- DSCR
- 2.35×
Break-even
- Price that breaks even
- $223,678
- Rent that breaks even
- $1,538/mo
Long run
- Year 30: property vs stocks
- $1.36M vs $202K
- Cash flow turns positive
- year 1
The deal
- Price
- $85,000
- Cash to close
- $23,800
- Price per unit
- $42,500
- GRM
- 2.9
Each month
- Cash flow
- $901/mo
- Cash-on-cash
- 45.4%
- Cap rate
- 18.7%
- DSCR
- 3.13×
Break-even
- Price that breaks even
- $265,641
- Rent that breaks even
- $1,304/mo
Long run
- Year 30: property vs stocks
- $1.72M vs $181K
- Cash flow turns positive
- year 1
The deal
- Price
- $85,000
- Cash to close
- $23,800
- Price per unit
- $42,500
- GRM
- 2.9
Each month
- Cash flow
- $692/mo
- Cash-on-cash
- 34.9%
- Cap rate
- 15.8%
- DSCR
- 2.63×
Break-even
- Price that breaks even
- $223,678
- Rent that breaks even
- $1,465/mo
Long run
- Year 30: property vs stocks
- $1.40M vs $181K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,325 |
| Mortgage (principal + interest) | −$569 |
| PMI | −$53 |
| Cash flow | $703 |
| Principal paid down (equity, not cash) | $72 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $1,116 |
| Mortgage (principal + interest) | −$569 |
| PMI | −$53 |
| Cash flow | $494 |
| Principal paid down (equity, not cash) | $72 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,325 |
| Mortgage (principal + interest) | −$509 |
| PMI | −$48 |
| Cash flow | $769 |
| Principal paid down (equity, not cash) | $65 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $1,116 |
| Mortgage (principal + interest) | −$509 |
| PMI | −$48 |
| Cash flow | $559 |
| Principal paid down (equity, not cash) | $65 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,325 |
| Mortgage (principal + interest) | −$506 |
| Cash flow | $820 |
| Principal paid down (equity, not cash) | $64 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $1,116 |
| Mortgage (principal + interest) | −$506 |
| Cash flow | $610 |
| Principal paid down (equity, not cash) | $64 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,325 |
| Mortgage (principal + interest) | −$452 |
| Cash flow | $873 |
| Principal paid down (equity, not cash) | $58 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $1,116 |
| Mortgage (principal + interest) | −$452 |
| Cash flow | $664 |
| Principal paid down (equity, not cash) | $58 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,325 |
| Mortgage (principal + interest) | −$474 |
| Cash flow | $851 |
| Principal paid down (equity, not cash) | $60 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $1,116 |
| Mortgage (principal + interest) | −$474 |
| Cash flow | $642 |
| Principal paid down (equity, not cash) | $60 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,325 |
| Mortgage (principal + interest) | −$424 |
| Cash flow | $901 |
| Principal paid down (equity, not cash) | $54 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$154 |
| Insurance Estimate | −$196 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $1,116 |
| Mortgage (principal + interest) | −$424 |
| Cash flow | $692 |
| Principal paid down (equity, not cash) | $54 |
Cash flow each year
Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.
30 years
How those totals add up
- Your equity when you sell
- $216,755
- Rental profits, invested at 7%
- $1,347,033
Sells for $230,590 (value up 3% a year), minus 6% selling cost ($13,835). Rent paid down $85,500 of loan.
$521,201 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $94,011
$12,350 put into an index fund instead of the down payment and closing costs.
The building comes out $1,469,777 ahead after 30 years.
- Your equity when you sell
- $216,755
- Rental profits, invested at 7%
- $1,021,335
Sells for $230,590 (value up 3% a year), minus 6% selling cost ($13,835). Rent paid down $85,500 of loan.
$401,662 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $94,011
$12,350 put into an index fund instead of the down payment and closing costs.
The building comes out $1,144,079 ahead after 30 years.
- Your equity when you sell
- $193,938
- Rental profits, invested at 7%
- $1,416,646
Sells for $206,317 (value up 3% a year), minus 6% selling cost ($12,379). Rent paid down $76,500 of loan.
$543,026 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $84,115
$11,050 put into an index fund instead of the down payment and closing costs.
The building comes out $1,526,470 ahead after 30 years.
- Your equity when you sell
- $193,938
- Rental profits, invested at 7%
- $1,090,948
Sells for $206,317 (value up 3% a year), minus 6% selling cost ($12,379). Rent paid down $76,500 of loan.
$423,487 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $84,115
$11,050 put into an index fund instead of the down payment and closing costs.
The building comes out $1,200,772 ahead after 30 years.
- Your equity when you sell
- $216,755
- Rental profits, invested at 7%
- $1,435,211
Sells for $230,590 (value up 3% a year), minus 6% selling cost ($13,835). Rent paid down $76,000 of loan.
$546,519 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $166,328
$21,850 put into an index fund instead of the down payment and closing costs.
The building comes out $1,485,637 ahead after 30 years.
- Your equity when you sell
- $216,755
- Rental profits, invested at 7%
- $1,109,513
Sells for $230,590 (value up 3% a year), minus 6% selling cost ($13,835). Rent paid down $76,000 of loan.
$426,980 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $166,328
$21,850 put into an index fund instead of the down payment and closing costs.
The building comes out $1,159,939 ahead after 30 years.
- Your equity when you sell
- $193,938
- Rental profits, invested at 7%
- $1,495,542
Sells for $206,317 (value up 3% a year), minus 6% selling cost ($12,379). Rent paid down $68,000 of loan.
$565,680 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $148,820
$19,550 put into an index fund instead of the down payment and closing costs.
The building comes out $1,540,660 ahead after 30 years.
- Your equity when you sell
- $193,938
- Rental profits, invested at 7%
- $1,169,844
Sells for $206,317 (value up 3% a year), minus 6% selling cost ($12,379). Rent paid down $68,000 of loan.
$446,141 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $148,820
$19,550 put into an index fund instead of the down payment and closing costs.
The building comes out $1,214,962 ahead after 30 years.
- Your equity when you sell
- $216,755
- Rental profits, invested at 7%
- $1,471,032
Sells for $230,590 (value up 3% a year), minus 6% selling cost ($13,835). Rent paid down $71,250 of loan.
$557,896 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $202,486
$26,600 put into an index fund instead of the down payment and closing costs.
The building comes out $1,485,301 ahead after 30 years.
- Your equity when you sell
- $216,755
- Rental profits, invested at 7%
- $1,145,334
Sells for $230,590 (value up 3% a year), minus 6% selling cost ($13,835). Rent paid down $71,250 of loan.
$438,357 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $202,486
$26,600 put into an index fund instead of the down payment and closing costs.
The building comes out $1,159,603 ahead after 30 years.
- Your equity when you sell
- $193,938
- Rental profits, invested at 7%
- $1,527,593
Sells for $206,317 (value up 3% a year), minus 6% selling cost ($12,379). Rent paid down $63,750 of loan.
$575,859 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $181,172
$23,800 put into an index fund instead of the down payment and closing costs.
The building comes out $1,540,359 ahead after 30 years.
- Your equity when you sell
- $193,938
- Rental profits, invested at 7%
- $1,201,895
Sells for $206,317 (value up 3% a year), minus 6% selling cost ($12,379). Rent paid down $63,750 of loan.
$456,320 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $181,172
$23,800 put into an index fund instead of the down payment and closing costs.
The building comes out $1,214,661 ahead after 30 years.
Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.
30 years: this property vs. the same money in stocks
Year 30 (loan paid off): property $1.56M, stocks $94K. The property wins.
Year 30 (loan paid off): property $1.24M, stocks $94K. The property wins.
Year 30 (loan paid off): property $1.61M, stocks $84K. The property wins.
Year 30 (loan paid off): property $1.28M, stocks $84K. The property wins.
Year 30 (loan paid off): property $1.65M, stocks $166K. The property wins.
Year 30 (loan paid off): property $1.33M, stocks $166K. The property wins.
Year 30 (loan paid off): property $1.69M, stocks $149K. The property wins.
Year 30 (loan paid off): property $1.36M, stocks $149K. The property wins.
Year 30 (loan paid off): property $1.69M, stocks $202K. The property wins.
Year 30 (loan paid off): property $1.36M, stocks $202K. The property wins.
Year 30 (loan paid off): property $1.72M, stocks $181K. The property wins.
Year 30 (loan paid off): property $1.40M, stocks $181K. The property wins.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-05. The estimate above is RentCast's, weighted toward the closest matches.
2 bed / 1 bath estimate $1,450/mo · range $650–$2,250
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1114 E 22nd St, Hibbing 55746 off market | $900 | 2 / 1 | 0.7 mi | 93% |
| 100 Southview Dr, Hibbing 55746 | $990 | 2 / 1 | 1.0 mi | 89% |
| 3505 9th Ave W, Hibbing 55746 | $748 | 2 / 1 | 1.7 mi | 85% |
| 1626 5th Ave E, Hibbing 55746 | $1,100 | 2 / 1 | 0.2 mi | 79% |
| 2918 4th Ave W, Unit Main, Hibbing 55746 off market | $1,300 | 3 / 2 | 1.1 mi | 78% |
| 2023 7th Ave E, Hibbing 55746 off market | $940 | 1 / 1 | 0.4 mi | 76% |
| 2316 2nd Ave W, Apt 4, Hibbing 55746 off market | $900 | 1 / 1 | 0.5 mi | 75% |
| 600 E 40th St, Hibbing 55746 | $995 | 1 / 1 | 2.0 mi | 74% |
| 757 3rd St NW, Chisholm 55719 off market | $2,400 | 2 / 1 | 4.8 mi | 74% |
| 2023 6th Ave E, Hibbing 55746 off market | $3,500 | 3 / 1 | 0.4 mi | 74% |
1 bed / 1 bath estimate $1,025/mo · range $825–$1,225
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 2023 7th Ave E, Hibbing 55746 off market | $940 | 1 / 1 | 0.4 mi | 85% |
| 2316 2nd Ave W, Apt 4, Hibbing 55746 off market | $900 | 1 / 1 | 0.5 mi | 84% |
| 600 E 40th St, Hibbing 55746 | $995 | 1 / 1 | 2.0 mi | 84% |
| 1114 E 22nd St, Hibbing 55746 off market | $900 | 2 / 1 | 0.7 mi | 83% |
| 100 Southview Dr, Hibbing 55746 | $990 | 2 / 1 | 1.0 mi | 79% |
| 3505 9th Ave W, Hibbing 55746 | $748 | 2 / 1 | 1.7 mi | 75% |
| 1626 5th Ave E, Hibbing 55746 | $1,100 | 2 / 1 | 0.2 mi | 70% |
| 2113 5th Ave E, Hibbing 55746 | $430 | 0 / 1 | 0.4 mi | 70% |
| 409 N 1st St, Unit 4, Keewatin 55753 | $850 | 1 / 1 | 6.7 mi | 70% |
| 2918 4th Ave W, Unit Main, Hibbing 55746 off market | $1,300 | 3 / 2 | 1.1 mi | 69% |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- highPriced under $100K: usually means major repairs, a fire or condemned building, a contract-for-deed or partial-interest sale, or a listing error. Find out why before anything else. Based on: Listing data: asking $95,000
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 124 17TH ST E
- mediumDescription says nothing about condition, rents, utilities or systems, which is unusual for a sub-$100K, 211-day listing. Listing says: Fully rented upper/lower duplex with long term tenants. Off street parking. · AI review
- mediumLong-term tenants may be paying well under market rent, and the model's rent estimates are very wide. Based on: data: rent_estimate · AI review
- mediumBuilt 1890, so expect old wiring, plumbing and possibly a stone or brick foundation. Based on: data: listing.year_built · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 211 days on market
- Low price against estimated rents could give strong yield if rents and expenses check out. Based on: data: underwriting.cap_rate · AI review
Questions for the agent
- What are the current rents, lease end dates and deposits for each unit?
- Which utilities does the owner pay, and are there separate meters and heating systems?
- Why has it sat 211 days, and have there been price cuts or failed deals?
- What are the actual property taxes and any special assessments?
- What are the roof, furnace/boiler, water heater and electrical panel ages?
- Is the duplex licensed as a rental, and are both units legal?
Bottom line
Cheap on paper with big modeled cash flow, but with no rents, expenses or condition info, treat the numbers as unproven until you see the rent roll and tax bill. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit. | $1,853 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,350 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $170 |
| Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent | $0 |
| Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal | $60 |
| Repairs / capital reserve Rulerule. built 1890: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-03-07 (212 days); last sold for $875,000 on 2021-10-13.
| Date | Event | Price |
|---|---|---|
| Listed | $95,000 | |
| Listed | $95,000 | |
| Sold public record | $875,000 | |
| Sold public record | $32,000 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2026 | $1,853 |
| County | St. Louis |
| Parcel number | 140014002500 |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Hibbing on rental licensing before you buy.