1716 University Ave NE
Duplex · 2 units: 2 bed / 1 bath ×2 unit split estimated · 2,507 sq ft
Minneapolis, MN · Bottineau · View the listing ↗
Photos courtesy of Real Broker, via Realtor.com.
- Asking price
- $300,000 2 units · $150K per unit
- Monthly cash flow
- −$7 at 20% down, 7%
- Break-even price
- $298,667 where cash flow hits $0
First look
This is a gut-rehab project, not a rental you can run today. The photos show a collapsed kitchen ceiling with exposed lath and joists, which points to a roof or plumbing leak that needs a real answer before anything else. At $300K, our numbers show about -$7/month cash flow and a 6.4% cap rate, and break-even price is near $299K, so the ask is roughly $1K above break-even, and that is before you spend a dollar on rehab. Rents could reach $1,575 per unit after renovation, but you would need to budget for ceilings, kitchens, mechanicals and probably a licensing process. Only worth a showing if you can buy at a price that leaves room for rehab, with a contractor in tow and verified rehab costs.
Things to consider
- Price does not fit the condition At ask, cash flow is slightly negative and break-even is about $1K below the price. Rehab costs come on top of that and widen the gap.
- Ceiling failure points to a water source If the roof or a plumbing line is the cause, repairs could be large and the damage may extend into walls and floors.From photo 4
- Rental licensing is unclear With no license on file, you may need an inspection and repairs before you can legally rent, which delays income.
- Mechanicals are a big unknown The listing says mechanicals need updates, and no photos show the heating system or electrical panel. Budget for the worst.Listing says: “Property needs significant rehab including kitchen, ceilings, and mechanical updates.”
- Rent upside is modest Our estimates are about $1,575 per 2-bed unit. Even fully rented, that income may not justify a high basis plus rehab.
- Third unit idea is speculative Adding a basement unit needs permits, egress and ceiling height. Don't pay for it in the price.Listing says: “The basement offers potential to add a third unit”
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Condition and repairs
- neededSignificant rehab: kitchen, ceilings and mechanical updatesListing says: Property needs significant rehab including kitchen, ceilings, and mechanical updates.
- neededFull renovation of the buildingListing says: ready for a full renovation to bring it back to life
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
- $300,000
- Cash to close
- $39,000
- Price per unit
- $150,000
- GRM
- 7.9
Each month
- Cash flow
- −$375/mo
- Cash-on-cash
- −11.6%
- Cap rate
- 6.4%
- DSCR
- 0.81×
Break-even
- Price that breaks even
- $242,684
- Rent that breaks even
- $3,638/mo
Long run
- Year 30: property vs stocks
- $1.09M vs $395K
- Cash flow turns positive
- year 6
The deal
- Price
- $300,000
- Cash to close
- $39,000
- Price per unit
- $150,000
- GRM
- 7.9
Each month
- Cash flow
- −$642/mo
- Cash-on-cash
- −19.8%
- Cap rate
- 5.3%
- DSCR
- 0.67×
Break-even
- Price that breaks even
- $201,999
- Rent that breaks even
- $4,087/mo
Long run
- Year 30: property vs stocks
- $841K vs $561K
- Cash flow turns positive
- year 13
The deal
- Price
- $290,000
- Cash to close
- $37,700
- Price per unit
- $145,000
- GRM
- 7.7
Each month
- Cash flow
- −$310/mo
- Cash-on-cash
- −9.9%
- Cap rate
- 6.6%
- DSCR
- 0.84×
Break-even
- Price that breaks even
- $242,684
- Rent that breaks even
- $3,553/mo
Long run
- Year 30: property vs stocks
- $1.12M vs $363K
- Cash flow turns positive
- year 5
The deal
- Price
- $290,000
- Cash to close
- $37,700
- Price per unit
- $145,000
- GRM
- 7.7
Each month
- Cash flow
- −$576/mo
- Cash-on-cash
- −18.3%
- Cap rate
- 5.5%
- DSCR
- 0.70×
Break-even
- Price that breaks even
- $201,999
- Rent that breaks even
- $3,991/mo
Long run
- Year 30: property vs stocks
- $844K vs $507K
- Cash flow turns positive
- year 12
The deal
- Price
- $300,000
- Cash to close
- $69,000
- Price per unit
- $150,000
- GRM
- 7.9
Each month
- Cash flow
- −$7/mo
- Cash-on-cash
- −0.1%
- Cap rate
- 6.4%
- DSCR
- 1.00×
Break-even
- Price that breaks even
- $298,667
- Rent that breaks even
- $3,159/mo
Long run
- Year 30: property vs stocks
- $1.27M vs $526K
- Cash flow turns positive
- year 2
The deal
- Price
- $300,000
- Cash to close
- $69,000
- Price per unit
- $150,000
- GRM
- 7.9
Each month
- Cash flow
- −$274/mo
- Cash-on-cash
- −4.8%
- Cap rate
- 5.3%
- DSCR
- 0.83×
Break-even
- Price that breaks even
- $248,598
- Rent that breaks even
- $3,549/mo
Long run
- Year 30: property vs stocks
- $941K vs $610K
- Cash flow turns positive
- year 9
The deal
- Price
- $290,000
- Cash to close
- $66,700
- Price per unit
- $145,000
- GRM
- 7.7
Each month
- Cash flow
- $46/mo
- Cash-on-cash
- 0.8%
- Cap rate
- 6.6%
- DSCR
- 1.03×
Break-even
- Price that breaks even
- $298,667
- Rent that breaks even
- $3,090/mo
Long run
- Year 30: property vs stocks
- $1.31M vs $508K
- Cash flow turns positive
- year 1
The deal
- Price
- $290,000
- Cash to close
- $66,700
- Price per unit
- $145,000
- GRM
- 7.7
Each month
- Cash flow
- −$220/mo
- Cash-on-cash
- −4.0%
- Cap rate
- 5.5%
- DSCR
- 0.86×
Break-even
- Price that breaks even
- $248,598
- Rent that breaks even
- $3,472/mo
Long run
- Year 30: property vs stocks
- $952K vs $567K
- Cash flow turns positive
- year 7
The deal
- Price
- $300,000
- Cash to close
- $84,000
- Price per unit
- $150,000
- GRM
- 7.9
Each month
- Cash flow
- $93/mo
- Cash-on-cash
- 1.3%
- Cap rate
- 6.4%
- DSCR
- 1.06×
Break-even
- Price that breaks even
- $318,578
- Rent that breaks even
- $3,030/mo
Long run
- Year 30: property vs stocks
- $1.38M vs $639K
- Cash flow turns positive
- year 1
The deal
- Price
- $300,000
- Cash to close
- $84,000
- Price per unit
- $150,000
- GRM
- 7.9
Each month
- Cash flow
- −$174/mo
- Cash-on-cash
- −2.5%
- Cap rate
- 5.3%
- DSCR
- 0.88×
Break-even
- Price that breaks even
- $265,171
- Rent that breaks even
- $3,404/mo
Long run
- Year 30: property vs stocks
- $1.01M vs $679K
- Cash flow turns positive
- year 6
The deal
- Price
- $290,000
- Cash to close
- $81,200
- Price per unit
- $145,000
- GRM
- 7.7
Each month
- Cash flow
- $143/mo
- Cash-on-cash
- 2.1%
- Cap rate
- 6.6%
- DSCR
- 1.10×
Break-even
- Price that breaks even
- $318,578
- Rent that breaks even
- $2,965/mo
Long run
- Year 30: property vs stocks
- $1.42M vs $618K
- Cash flow turns positive
- year 1
The deal
- Price
- $290,000
- Cash to close
- $81,200
- Price per unit
- $145,000
- GRM
- 7.7
Each month
- Cash flow
- −$124/mo
- Cash-on-cash
- −1.8%
- Cap rate
- 5.5%
- DSCR
- 0.91×
Break-even
- Price that breaks even
- $265,171
- Rent that breaks even
- $3,331/mo
Long run
- Year 30: property vs stocks
- $1.03M vs $641K
- Cash flow turns positive
- year 5
Monthly
Monthly breakdown
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,590 |
| Mortgage (principal + interest) | −$1,796 |
| PMI | −$169 |
| Cash flow | −$375 |
| Principal paid down (equity, not cash) | $229 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,323 |
| Mortgage (principal + interest) | −$1,796 |
| PMI | −$169 |
| Cash flow | −$642 |
| Principal paid down (equity, not cash) | $229 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,590 |
| Mortgage (principal + interest) | −$1,736 |
| PMI | −$163 |
| Cash flow | −$310 |
| Principal paid down (equity, not cash) | $221 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,323 |
| Mortgage (principal + interest) | −$1,736 |
| PMI | −$163 |
| Cash flow | −$576 |
| Principal paid down (equity, not cash) | $221 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,590 |
| Mortgage (principal + interest) | −$1,597 |
| Cash flow | −$7 |
| Principal paid down (equity, not cash) | $203 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,323 |
| Mortgage (principal + interest) | −$1,597 |
| Cash flow | −$274 |
| Principal paid down (equity, not cash) | $203 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,590 |
| Mortgage (principal + interest) | −$1,544 |
| Cash flow | $46 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,323 |
| Mortgage (principal + interest) | −$1,544 |
| Cash flow | −$220 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,590 |
| Mortgage (principal + interest) | −$1,497 |
| Cash flow | $93 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,323 |
| Mortgage (principal + interest) | −$1,497 |
| Cash flow | −$174 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,590 |
| Mortgage (principal + interest) | −$1,447 |
| Cash flow | $143 |
| Principal paid down (equity, not cash) | $184 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$383 |
| Insurance Estimate | −$222 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,323 |
| Mortgage (principal + interest) | −$1,447 |
| Cash flow | −$124 |
| Principal paid down (equity, not cash) | $184 |
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
- $684,488
- Rental profits, invested at 7%
- $405,745
Sells for $728,179 (value up 3% a year), minus 6% selling cost ($43,691). Rent paid down $270,000 of loan.
$227,298 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $296,878
- Monthly shortfalls, invested
- $98,442
$39,000 put into an index fund instead of the down payment and closing costs.
$15,139 you'd have paid in while the building lost money, invested instead.
The building comes out $694,913 ahead after 30 years.
- Your equity when you sell
- $684,488
- Rental profits, invested at 7%
- $156,953
Sells for $728,179 (value up 3% a year), minus 6% selling cost ($43,691). Rent paid down $270,000 of loan.
$105,563 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $296,878
- Monthly shortfalls, invested
- $264,175
$39,000 put into an index fund instead of the down payment and closing costs.
$45,545 you'd have paid in while the building lost money, invested instead.
The building comes out $280,388 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $453,425
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $261,000 of loan.
$245,673 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $286,982
- Monthly shortfalls, invested
- $76,510
$37,700 put into an index fund instead of the down payment and closing costs.
$11,688 you'd have paid in while the building lost money, invested instead.
The building comes out $751,605 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $182,672
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $261,000 of loan.
$118,878 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $286,982
- Monthly shortfalls, invested
- $220,281
$37,700 put into an index fund instead of the down payment and closing costs.
$37,034 you'd have paid in while the building lost money, invested instead.
The building comes out $337,080 ahead after 30 years.
- Your equity when you sell
- $684,488
- Rental profits, invested at 7%
- $586,363
Sells for $728,179 (value up 3% a year), minus 6% selling cost ($43,691). Rent paid down $240,000 of loan.
$292,196 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $525,246
- Monthly shortfalls, invested
- $606
$69,000 put into an index fund instead of the down payment and closing costs.
$85 you'd have paid in while the building lost money, invested instead.
The building comes out $745,000 ahead after 30 years.
- Your equity when you sell
- $684,488
- Rental profits, invested at 7%
- $256,428
Sells for $728,179 (value up 3% a year), minus 6% selling cost ($43,691). Rent paid down $240,000 of loan.
$153,665 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $525,246
- Monthly shortfalls, invested
- $85,195
$69,000 put into an index fund instead of the down payment and closing costs.
$13,694 you'd have paid in while the building lost money, invested instead.
The building comes out $330,475 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $646,089
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $232,000 of loan.
$311,272 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $507,737
$66,700 put into an index fund instead of the down payment and closing costs.
The building comes out $800,024 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $290,695
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $232,000 of loan.
$168,380 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $507,737
- Monthly shortfalls, invested
- $59,131
$66,700 put into an index fund instead of the down payment and closing costs.
$9,249 you'd have paid in while the building lost money, invested instead.
The building comes out $385,499 ahead after 30 years.
- Your equity when you sell
- $684,488
- Rental profits, invested at 7%
- $698,879
Sells for $728,179 (value up 3% a year), minus 6% selling cost ($43,691). Rent paid down $225,000 of loan.
$328,038 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $639,429
$84,000 put into an index fund instead of the down payment and closing costs.
The building comes out $743,938 ahead after 30 years.
- Your equity when you sell
- $684,488
- Rental profits, invested at 7%
- $324,011
Sells for $728,179 (value up 3% a year), minus 6% selling cost ($43,691). Rent paid down $225,000 of loan.
$181,951 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $639,429
- Monthly shortfalls, invested
- $39,657
$84,000 put into an index fund instead of the down payment and closing costs.
$6,054 you'd have paid in while the building lost money, invested instead.
The building comes out $329,413 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $755,439
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $217,500 of loan.
$346,001 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $618,115
$81,200 put into an index fund instead of the down payment and closing costs.
The building comes out $798,996 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $363,431
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $217,500 of loan.
$197,206 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $618,115
- Monthly shortfalls, invested
- $22,516
$81,200 put into an index fund instead of the down payment and closing costs.
$3,345 you'd have paid in while the building lost money, invested instead.
The building comes out $384,472 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 $1.09M, stocks $395K. The property wins.
Year 30 (loan paid off): property $841K, stocks $561K. The property wins.
Year 30 (loan paid off): property $1.12M, stocks $363K. The property wins.
Year 30 (loan paid off): property $844K, stocks $507K. The property wins.
Year 30 (loan paid off): property $1.27M, stocks $526K. The property wins.
Year 30 (loan paid off): property $941K, stocks $610K. The property wins.
Year 30 (loan paid off): property $1.31M, stocks $508K. The property wins.
Year 30 (loan paid off): property $952K, stocks $567K. The property wins.
Year 30 (loan paid off): property $1.38M, stocks $639K. The property wins.
Year 30 (loan paid off): property $1.01M, stocks $679K. The property wins.
Year 30 (loan paid off): property $1.42M, stocks $618K. The property wins.
Year 30 (loan paid off): property $1.03M, stocks $641K. The property wins.
Comparable rentals
The closest rental listings with each unit's bedroom count, as of 2026-10-06. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.
2 bed estimate $1,575/mo · range $1,475–$2,075 · 9 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 1704 Jefferson St NE Units 1 & 655, Minneapolis | $1,550 | 2 / 1 | 0.4 mi |
| 412 24th Ave NE Unit 1, Minneapolis | $1,300 | 2 / 1 | 0.4 mi |
| 2219 Marshall St NE, Minneapolis | $1,509 | 2 / 1 | 0.5 mi |
| 2318 Jefferson St NE, Minneapolis | $1,458 | 2 / 1 | 0.5 mi |
| 1025 Main St NE, Minneapolis | $2,379 | 2 / 1 | 0.5 mi |
| 80 Broadway St NE, Minneapolis | $2,429 | 2 / 1 | 0.6 mi |
| 1460 Van Buren St NE, Minneapolis | $1,361 | 2 / 1 | 0.7 mi |
| 1826 Jackson St NE Unit 1, Minneapolis | $1,575 | 2 / 1 | 0.7 mi |
| 2550 Jefferson St NE Apt 1, Minneapolis | $1,495 | 2 / 1 | 0.7 mi |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- highCollapsed or failing kitchen ceiling suggests an active or past water leak Based on: photo 4 · AI review
- highAsking price is far above the break-even price for a property needing a full gut Based on: data: underwriting.break_even_price · AI review
- mediumNo rental license on file in the city's data. Ask whether the building is licensed as a rental and when it was last inspected. Public record: Minneapolis Active Rental Licenses: no record for 1716 UNIVERSITY AVE N E
- mediumFlat roof per the city assessor on a stucco building: get its age and a moisture inspection. Public record: Hennepin County parcel 1402924220137: roof=FLAT, exterior=STUCCO
- mediumPeeling paint and plaster on basement walls and ceiling suggests moisture Based on: photo 10 · AI review
- lowPrice is above the 2017 sale and county value suggests little margin for a rehab-level property Based on: data: county.last_sale_price · AI review
Opportunities
- Basement could become a third unit, but only if permitted and built out Listing says: The basement offers potential to add a third unit · AI review
- No rent cap in Minneapolis, so rents can follow the market after a renovation Based on: data: underwriting.rent_rule · AI review
- Hardwood floors and large windows could be preserved to support rents Listing says: Great bones throughout, including hardwood floors and generous natural light · AI review
Questions for the agent
- What caused the kitchen ceiling collapse, and has the roof or plumbing been repaired?
- Is the building licensed as a rental, and was there ever a city inspection or violation notice?
- How old is the flat roof, and has anyone checked it for moisture?
- Are the units currently occupied, and what were the last rents?
- What is the heat setup: one furnace or one per unit, and how old is it?
- Is the basement legal to finish, with egress and ceiling height for a third unit?
Bottom line
A true gut-rehab with visible ceiling failure that does not work at ask and needs a price well below $299K once rehab costs are counted. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2025. 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. | $4,601 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,669 |
| 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 1900: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-08-18 (48 days); last sold for $273,500 on 2017-06-27; listed for rent at $1,400/mo on 2023-03-29.
| Date | Event | Price |
|---|---|---|
| Listed | $300,000 | |
| Removed | — | |
| Removed | — | |
| Listed for rent | $1,400/mo | |
| Listed for rent | $1,400/mo | |
| Removed | — | |
| Removed | — | |
| Listed for rent | $1,400/mo | |
| Listed for rent | $1,400/mo | |
| Sold public record | $273,500 | |
| Sold | $273,500 | |
| Relisted | $274,900 | |
| Removed | $274,900 | |
| Price changed | $274,900 | |
| Listed | $290,000 | |
| Removed | $234,900 | |
| Sold | $260,500 | |
| Listed | $267,250 | |
| Sold public record | $229,000 | |
| Listed | $234,900 | |
| Sold public record | $135,000 | |
| Sold public record | $135,000 | |
| Sold public record | $85,000 | |
| Sold public record | $49,900 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1900 |
| Market value (2026) | $383,600 |
| Property tax | $5,770 |
| Special assessments | none |
| Homestead | no |
| Last sale | 2017-05-01 · $273,500 |
Source: Hennepin County parcel records.
City rental license
No record in Minneapolis Active Rental Licenses.
Nearest highway
I 94, about 1490 m away.
Crime in Bottineau
118 incidents in the last 12 months (66 per 1,000 residents), +16% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).