2015 2nd Ave S
Fourplex · 4 units: 2 bed / 1 bath and 1 bed / 1 bath ×3 unit split estimated · 2,390 sq ft
Minneapolis, MN · Whittier · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $449,900 4 units · $112K per unit
- Monthly cash flow
- −$167 at 20% down, 7%
- Break-even price
- $418,524 where cash flow hits $0
First look
This is a Whittier fourplex at $449,900 with one vacant unit, and our numbers don't work at the ask: about -$167/month cash flow at 20% down and a 5.9% cap rate, with break-even near $419K. The description is all exterior (stucco, sashes, roof, 2023 boiler) and gives no rents, no lease terms and no utility split, so the income side is blank. The photos show dated but clean interiors and an old stone basement. Start by getting the rent roll, trailing-12 expenses and the roof age. Then confirm that steam heat and the 2023 boiler serve all four units and who pays the gas. Worth a showing only if the price comes down toward $419K or the rents beat our estimates.
Things to consider
- Price is above what the numbers support At the ask the property loses about $167/month, and our break-even is about $31K lower. Negotiate down or underwrite real rents.
- Income is unknown The description gives no rents or leases, so you can't verify what the building earns. The vacant unit also means a lease-up cost.Listing says: “one unit currently vacant”
- Recent capital work reduces near-term risk The roof, windows, stucco and boiler are done, so early repair spending should be lower. Verify the ages and permits.Listing says: “The boiler was also just replaced in 2023”
- Old stone foundation and 1900 systems Moisture, wiring and plumbing in a building this age can be costly. Inspect before relying on the reserves.From photo 10
- Heat costs depend on metering Steam heat from one boiler often means the owner pays gas, which cuts net income.
- Taxes and value gap Taxes are $8,204 and county market value is $432K, below the ask. Tax and valuation reassessment after a sale could raise costs.
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
- doneNew window sashesListing says: new window sashes, a newer roof, and a freshly redone stucco exterior
- doneNewer roof (age not given)Listing says: new window sashes, a newer roof, and a freshly redone stucco exterior
- doneStucco exterior redoneListing says: new window sashes, a newer roof, and a freshly redone stucco exterior
- doneBoiler replaced 2023Listing says: The boiler was also just replaced in 2023
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
- $449,900
- Cash to close
- $58,487
- Price per unit
- $112,475
- GRM
- 7.8
Each month
- Cash flow
- −$719/mo
- Cash-on-cash
- −14.8%
- Cap rate
- 5.9%
- DSCR
- 0.76×
Break-even
- Price that breaks even
- $340,074
- Rent that breaks even
- $5,734/mo
Long run
- Year 30: property vs stocks
- $1.45M vs $671K
- Cash flow turns positive
- year 9
The deal
- Price
- $449,900
- Cash to close
- $58,487
- Price per unit
- $112,475
- GRM
- 7.8
Each month
- Cash flow
- −$1,125/mo
- Cash-on-cash
- −23.1%
- Cap rate
- 4.9%
- DSCR
- 0.62×
Break-even
- Price that breaks even
- $278,079
- Rent that breaks even
- $6,442/mo
Long run
- Year 30: property vs stocks
- $1.15M vs $1.00M
- Cash flow turns positive
- year 17
The deal
- Price
- $439,900
- Cash to close
- $57,187
- Price per unit
- $109,975
- GRM
- 7.6
Each month
- Cash flow
- −$654/mo
- Cash-on-cash
- −13.7%
- Cap rate
- 6.1%
- DSCR
- 0.77×
Break-even
- Price that breaks even
- $340,074
- Rent that breaks even
- $5,649/mo
Long run
- Year 30: property vs stocks
- $1.46M vs $629K
- Cash flow turns positive
- year 8
The deal
- Price
- $439,900
- Cash to close
- $57,187
- Price per unit
- $109,975
- GRM
- 7.6
Each month
- Cash flow
- −$1,060/mo
- Cash-on-cash
- −22.2%
- Cap rate
- 5.0%
- DSCR
- 0.63×
Break-even
- Price that breaks even
- $278,079
- Rent that breaks even
- $6,346/mo
Long run
- Year 30: property vs stocks
- $1.14M vs $938K
- Cash flow turns positive
- year 16
The deal
- Price
- $449,900
- Cash to close
- $103,477
- Price per unit
- $112,475
- GRM
- 7.8
Each month
- Cash flow
- −$167/mo
- Cash-on-cash
- −1.9%
- Cap rate
- 5.9%
- DSCR
- 0.93×
Break-even
- Price that breaks even
- $418,524
- Rent that breaks even
- $5,017/mo
Long run
- Year 30: property vs stocks
- $1.67M vs $814K
- Cash flow turns positive
- year 4
The deal
- Price
- $449,900
- Cash to close
- $103,477
- Price per unit
- $112,475
- GRM
- 7.8
Each month
- Cash flow
- −$573/mo
- Cash-on-cash
- −6.6%
- Cap rate
- 4.9%
- DSCR
- 0.76×
Break-even
- Price that breaks even
- $342,228
- Rent that breaks even
- $5,636/mo
Long run
- Year 30: property vs stocks
- $1.25M vs $1.03M
- Cash flow turns positive
- year 12
The deal
- Price
- $439,900
- Cash to close
- $101,177
- Price per unit
- $109,975
- GRM
- 7.6
Each month
- Cash flow
- −$114/mo
- Cash-on-cash
- −1.3%
- Cap rate
- 6.1%
- DSCR
- 0.95×
Break-even
- Price that breaks even
- $418,524
- Rent that breaks even
- $4,948/mo
Long run
- Year 30: property vs stocks
- $1.69M vs $784K
- Cash flow turns positive
- year 3
The deal
- Price
- $439,900
- Cash to close
- $101,177
- Price per unit
- $109,975
- GRM
- 7.6
Each month
- Cash flow
- −$520/mo
- Cash-on-cash
- −6.2%
- Cap rate
- 5.0%
- DSCR
- 0.78×
Break-even
- Price that breaks even
- $342,228
- Rent that breaks even
- $5,558/mo
Long run
- Year 30: property vs stocks
- $1.25M vs $976K
- Cash flow turns positive
- year 11
The deal
- Price
- $449,900
- Cash to close
- $125,972
- Price per unit
- $112,475
- GRM
- 7.8
Each month
- Cash flow
- −$17/mo
- Cash-on-cash
- −0.2%
- Cap rate
- 5.9%
- DSCR
- 0.99×
Break-even
- Price that breaks even
- $446,426
- Rent that breaks even
- $4,823/mo
Long run
- Year 30: property vs stocks
- $1.81M vs $960K
- Cash flow turns positive
- year 2
The deal
- Price
- $449,900
- Cash to close
- $125,972
- Price per unit
- $112,475
- GRM
- 7.8
Each month
- Cash flow
- −$423/mo
- Cash-on-cash
- −4.0%
- Cap rate
- 4.9%
- DSCR
- 0.81×
Break-even
- Price that breaks even
- $365,043
- Rent that breaks even
- $5,418/mo
Long run
- Year 30: property vs stocks
- $1.33M vs $1.11M
- Cash flow turns positive
- year 10
The deal
- Price
- $439,900
- Cash to close
- $123,172
- Price per unit
- $109,975
- GRM
- 7.6
Each month
- Cash flow
- $33/mo
- Cash-on-cash
- 0.3%
- Cap rate
- 6.1%
- DSCR
- 1.01×
Break-even
- Price that breaks even
- $446,426
- Rent that breaks even
- $4,758/mo
Long run
- Year 30: property vs stocks
- $1.85M vs $938K
- Cash flow turns positive
- year 1
The deal
- Price
- $439,900
- Cash to close
- $123,172
- Price per unit
- $109,975
- GRM
- 7.6
Each month
- Cash flow
- −$374/mo
- Cash-on-cash
- −3.6%
- Cap rate
- 5.0%
- DSCR
- 0.83×
Break-even
- Price that breaks even
- $365,043
- Rent that breaks even
- $5,345/mo
Long run
- Year 30: property vs stocks
- $1.33M vs $1.06M
- Cash flow turns positive
- year 9
Monthly
Monthly breakdown
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Net operating income | $2,228 |
| Mortgage (principal + interest) | −$2,694 |
| PMI | −$253 |
| Cash flow | −$719 |
| Principal paid down (equity, not cash) | $343 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Property management | −$406 |
| Net operating income | $1,821 |
| Mortgage (principal + interest) | −$2,694 |
| PMI | −$253 |
| Cash flow | −$1,125 |
| Principal paid down (equity, not cash) | $343 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Net operating income | $2,228 |
| Mortgage (principal + interest) | −$2,634 |
| PMI | −$247 |
| Cash flow | −$654 |
| Principal paid down (equity, not cash) | $335 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Property management | −$406 |
| Net operating income | $1,821 |
| Mortgage (principal + interest) | −$2,634 |
| PMI | −$247 |
| Cash flow | −$1,060 |
| Principal paid down (equity, not cash) | $335 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Net operating income | $2,228 |
| Mortgage (principal + interest) | −$2,395 |
| Cash flow | −$167 |
| Principal paid down (equity, not cash) | $305 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Property management | −$406 |
| Net operating income | $1,821 |
| Mortgage (principal + interest) | −$2,395 |
| Cash flow | −$573 |
| Principal paid down (equity, not cash) | $305 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Net operating income | $2,228 |
| Mortgage (principal + interest) | −$2,341 |
| Cash flow | −$114 |
| Principal paid down (equity, not cash) | $298 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Property management | −$406 |
| Net operating income | $1,821 |
| Mortgage (principal + interest) | −$2,341 |
| Cash flow | −$520 |
| Principal paid down (equity, not cash) | $298 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Net operating income | $2,228 |
| Mortgage (principal + interest) | −$2,245 |
| Cash flow | −$17 |
| Principal paid down (equity, not cash) | $286 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Property management | −$406 |
| Net operating income | $1,821 |
| Mortgage (principal + interest) | −$2,245 |
| Cash flow | −$423 |
| Principal paid down (equity, not cash) | $286 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Net operating income | $2,228 |
| Mortgage (principal + interest) | −$2,195 |
| Cash flow | $33 |
| Principal paid down (equity, not cash) | $279 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Public record | −$684 |
| Insurance Estimate | −$385 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$384 |
| Capital reserve (9% of rent) | −$432 |
| Property management | −$406 |
| Net operating income | $1,821 |
| Mortgage (principal + interest) | −$2,195 |
| Cash flow | −$374 |
| Principal paid down (equity, not cash) | $279 |
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
- $1,026,503
- Rental profits, invested at 7%
- $423,298
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $404,910 of loan.
$254,335 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $445,218
- Monthly shortfalls, invested
- $225,447
$58,487 put into an index fund instead of the down payment and closing costs.
$35,869 you'd have paid in while the building lost money, invested instead.
The building comes out $779,137 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $121,331
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $404,910 of loan.
$89,766 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $445,218
- Monthly shortfalls, invested
- $555,137
$58,487 put into an index fund instead of the down payment and closing costs.
$103,133 you'd have paid in while the building lost money, invested instead.
The building comes out $147,480 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $460,815
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $395,910 of loan.
$270,662 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $435,322
- Monthly shortfalls, invested
- $193,351
$57,187 put into an index fund instead of the down payment and closing costs.
$30,371 you'd have paid in while the building lost money, invested instead.
The building comes out $835,830 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $138,507
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $395,910 of loan.
$100,203 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $435,322
- Monthly shortfalls, invested
- $502,700
$57,187 put into an index fund instead of the down payment and closing costs.
$91,744 you'd have paid in while the building lost money, invested instead.
The building comes out $204,173 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $641,742
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $359,920 of loan.
$342,220 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $787,693
- Monthly shortfalls, invested
- $26,301
$103,477 put into an index fund instead of the down payment and closing costs.
$3,852 you'd have paid in while the building lost money, invested instead.
The building comes out $854,251 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $226,016
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $359,920 of loan.
$148,556 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $787,693
- Monthly shortfalls, invested
- $242,232
$103,477 put into an index fund instead of the down payment and closing costs.
$42,020 you'd have paid in while the building lost money, invested instead.
The building comes out $222,595 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $689,816
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $351,920 of loan.
$359,546 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $770,185
- Monthly shortfalls, invested
- $14,044
$101,177 put into an index fund instead of the down payment and closing costs.
$2,017 you'd have paid in while the building lost money, invested instead.
The building comes out $909,275 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $250,266
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $351,920 of loan.
$160,795 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $770,185
- Monthly shortfalls, invested
- $206,150
$101,177 put into an index fund instead of the down payment and closing costs.
$35,099 you'd have paid in while the building lost money, invested instead.
The building comes out $277,618 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $786,565
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $337,425 of loan.
$392,454 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $958,931
- Monthly shortfalls, invested
- $1,480
$125,972 put into an index fund instead of the down payment and closing costs.
$208 you'd have paid in while the building lost money, invested instead.
The building comes out $852,658 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $299,861
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $337,425 of loan.
$184,496 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $958,931
- Monthly shortfalls, invested
- $146,432
$125,972 put into an index fund instead of the down payment and closing costs.
$24,083 you'd have paid in while the building lost money, invested instead.
The building comes out $221,001 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $841,645
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $329,925 of loan.
$410,209 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $937,617
$123,172 put into an index fund instead of the down payment and closing costs.
The building comes out $907,716 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $328,658
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $329,925 of loan.
$197,537 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $937,617
- Monthly shortfalls, invested
- $118,670
$123,172 put into an index fund instead of the down payment and closing costs.
$19,161 you'd have paid in while the building lost money, invested instead.
The building comes out $276,060 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 $1.45M, stocks $671K. The property wins.
Year 30 (loan paid off): property $1.15M, stocks $1.00M. The property wins.
Year 30 (loan paid off): property $1.46M, stocks $629K. The property wins.
Year 30 (loan paid off): property $1.14M, stocks $938K. The property wins.
Year 30 (loan paid off): property $1.67M, stocks $814K. The property wins.
Year 30 (loan paid off): property $1.25M, stocks $1.03M. The property wins.
Year 30 (loan paid off): property $1.69M, stocks $784K. The property wins.
Year 30 (loan paid off): property $1.25M, stocks $976K. The property wins.
Year 30 (loan paid off): property $1.81M, stocks $960K. The property wins.
Year 30 (loan paid off): property $1.33M, stocks $1.11M. The property wins.
Year 30 (loan paid off): property $1.85M, stocks $938K. The property wins.
Year 30 (loan paid off): property $1.33M, stocks $1.06M. 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 $1,350/mo · range $1,275–$1,475 · 21 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 1817 2nd Ave S, Minneapolis | $1,279 | 2 / 1 | 0.2 mi |
| 214 19th St E, Minneapolis | $1,150 | 2 / 1 | 0.2 mi |
| 1821 1st Ave S, Minneapolis | $1,295 | 2 / 1 | 0.2 mi |
| 110 E 18th St, Minneapolis | $1,295 | 2 / 1 | 0.3 mi |
| 2109 Blaisdell Ave Apt 404, Minneapolis | $1,745 | 2 / 1 | 0.3 mi |
| 2448 1st Ave S Apt 7, Minneapolis | $1,495 | 2 / 1 | 0.3 mi |
| 2421 Pillsbury Ave S, Minneapolis | $1,195 | 2 / 1 | 0.4 mi |
| 116 Oak Grove St, Minneapolis | $1,400 | 2 / 1 | 0.5 mi |
| 1501 Lasalle Ave, Minneapolis | $1,400 | 2 / 1 | 0.5 mi |
| 1501 S LA Salle Ave Unit 405, Minneapolis | $1,400 | 2 / 1 | 0.5 mi |
1 bed estimate $1,150/mo · range $1,025–$1,325 · 25 rentals within 0.5 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 1920 3rd Ave S, Minneapolis | $1,450 | 1 / 1 | 0.1 mi |
| 1921 3rd Ave S, Minneapolis | $1,150 | 1 / 1 | 0.1 mi |
| 1915 First Ave S, Minneapolis | $925 | 1 / 1 | 0.2 mi |
| 1817 2nd Ave S, Minneapolis | $999 | 1 / 1 | 0.2 mi |
| 214 19th St E, Minneapolis | $950 | 1 / 1 | 0.2 mi |
| 220 19th St E, Minneapolis | $1,195 | 1 / 1 | 0.2 mi |
| 22 E 22nd St, Minneapolis | $1,249 | 1 / 1 | 0.2 mi |
| 1910 1st Ave S, Minneapolis | $975 | 1 / 1 | 0.2 mi |
| 1900 1st Ave S, Minneapolis | $800 | 1 / 1 | 0.2 mi |
| 1821 1st Ave S, Minneapolis | $999 | 1 / 1 | 0.2 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
- highNo rents, lease terms or expenses given. Income can't be checked. Listing says: one unit currently vacant · AI review
- highPriced above our break-even; negative cash flow at the ask. Based on: data: underwriting.break_even_price · AI review
- mediumStone basement and 1900 build: check the foundation, moisture and old plumbing. Based on: photo 10 · AI review
- mediumSteam heat from one boiler likely means the owner pays heat unless units are separately metered. Based on: data: county.heat_type · AI review
- lowHighway sits about 300 m away, which can hurt rents and appeal. Based on: data: highway.distance_m · AI review
Opportunities
- Vacant unit can be updated and leased at market rent. Listing says: the ability to make updates and boost rent before placing a new tenant · AI review
- Minneapolis has no rent cap, so rents can rise to market after updates. Based on: data: underwriting.rent_rule · AI review
- Boiler and exterior work are done, which lowers near-term capital needs. Listing says: The boiler was also just replaced in 2023 · AI review
Questions for the agent
- Can I see the rent roll with lease end dates and the trailing-12 expenses?
- Which unit is vacant, and how long has it been empty?
- Who pays heat, water and trash, and are there separate gas and electric meters?
- How old is the roof, and who did the stucco and window work, with permits?
- What is the unit mix, and is the basement unit or any unit non-conforming?
- Does the 2023 boiler heat all four units, and are there other systems or electrical panel details?
Bottom line
Updated exterior and a new boiler are good, but at $449,900 it loses money, and with no rents given you'd be paying for numbers you can't see. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $8,204 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $4,617 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $340 |
| 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 2026-10-01 (4 days); last sold for $269,900 on 2003-06-02.
| Date | Event | Price |
|---|---|---|
| Listed | $449,900 | |
| Sold public record | $269,900 | |
| Sold public record | $147,000 | |
| Sold public record | $147,000 | |
| Sold public record | $120,000 | |
| Sold public record | $90,000 |
County record Public record
| Recorded as | apartment converted |
| Living units | — |
| Year built | 1900 |
| Market value (2026) | $432,000 |
| Property tax | $8,204 |
| Special assessments | none |
| Homestead | no |
| Last sale | 2002-12-01 · $269,900 |
Source: Hennepin County parcel records.
City rental license
CHOWNEXMPT: 4 unit(s), Tier 1, status active, renews 2027-03-01.
Nearest highway
I 35W, about 295 m away.
Crime in Whittier
1,136 incidents in the last 12 months (76 per 1,000 residents), +1% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).