2024 Harriet Ave
Duplex · 2 units: 3 bed / 1 bath and 2 bed / 1 bath unit split estimated · 2,642 sq ft
Minneapolis, MN · Whittier · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $499,000 2 units · $250K per unit
- Monthly cash flow
- −$1,308 at 20% down, 7%
- Break-even price
- $253,194 where cash flow hits $0
First look
This Whittier up/down asks $499K, up from a $415K sale in March 2022. On our numbers it loses about $1,308 a month and the cap rate is 3.2%, so it doesn't work at today's rates. Our rent estimates total about $3,300 a month, and the break-even price is near $253K. The listing gives no rents, no lease status and no tax or utility detail, so get the rent roll and trailing-12 expenses first. The new boilers and 3-car garage are real pluses, but the price is the problem. Worth a showing only if the seller is far more flexible than the 18 days on market suggests.
Things to consider
- Price far above what rents support Break-even is about $253K against a $499K ask, and monthly cash flow is around -$1,308. Only a big price cut or a large down payment changes that.
- Rents are unknown With no stated rents, our estimates of about $1,825 and $1,475 are all we have. Actual leases could be lower or higher.
- Property tax is high Non-homestead tax of $8,854 plus assessments eats a large share of income.
- Seller's price jump since 2022 A $415K sale in 2022 and a $499K ask suggest the seller is pricing off the market, not the income.
From the photos
Based on 10 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
- $499,000
- Cash to close
- $64,870
- Price per unit
- $249,500
- GRM
- 12.6
Each month
- Cash flow
- −$1,921/mo
- Cash-on-cash
- −35.5%
- Cap rate
- 3.2%
- DSCR
- 0.41×
Break-even
- Price that breaks even
- $205,734
- Rent that breaks even
- $5,795/mo
Long run
- Year 30: property vs stocks
- $1.14M vs $1.98M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $499,000
- Cash to close
- $64,870
- Price per unit
- $249,500
- GRM
- 12.6
Each month
- Cash flow
- −$2,200/mo
- Cash-on-cash
- −40.7%
- Cap rate
- 2.6%
- DSCR
- 0.33×
Break-even
- Price that breaks even
- $163,113
- Rent that breaks even
- $6,510/mo
Long run
- Year 30: property vs stocks
- $1.14M vs $2.42M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $489,000
- Cash to close
- $63,570
- Price per unit
- $244,500
- GRM
- 12.3
Each month
- Cash flow
- −$1,855/mo
- Cash-on-cash
- −35.0%
- Cap rate
- 3.3%
- DSCR
- 0.42×
Break-even
- Price that breaks even
- $205,734
- Rent that breaks even
- $5,710/mo
Long run
- Year 30: property vs stocks
- $1.12M vs $1.90M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $489,000
- Cash to close
- $63,570
- Price per unit
- $244,500
- GRM
- 12.3
Each month
- Cash flow
- −$2,135/mo
- Cash-on-cash
- −40.3%
- Cap rate
- 2.6%
- DSCR
- 0.33×
Break-even
- Price that breaks even
- $163,113
- Rent that breaks even
- $6,414/mo
Long run
- Year 30: property vs stocks
- $1.12M vs $2.34M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $499,000
- Cash to close
- $114,770
- Price per unit
- $249,500
- GRM
- 12.6
Each month
- Cash flow
- −$1,308/mo
- Cash-on-cash
- −13.7%
- Cap rate
- 3.2%
- DSCR
- 0.51×
Break-even
- Price that breaks even
- $253,194
- Rent that breaks even
- $4,999/mo
Long run
- Year 30: property vs stocks
- $1.14M vs $1.90M
- Cash flow turns positive
- year 29
The deal
- Price
- $499,000
- Cash to close
- $114,770
- Price per unit
- $249,500
- GRM
- 12.6
Each month
- Cash flow
- −$1,587/mo
- Cash-on-cash
- −16.6%
- Cap rate
- 2.6%
- DSCR
- 0.40×
Break-even
- Price that breaks even
- $200,741
- Rent that breaks even
- $5,616/mo
Long run
- Year 30: property vs stocks
- $1.14M vs $2.33M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $489,000
- Cash to close
- $112,470
- Price per unit
- $244,500
- GRM
- 12.3
Each month
- Cash flow
- −$1,255/mo
- Cash-on-cash
- −13.4%
- Cap rate
- 3.3%
- DSCR
- 0.52×
Break-even
- Price that breaks even
- $253,194
- Rent that breaks even
- $4,930/mo
Long run
- Year 30: property vs stocks
- $1.12M vs $1.82M
- Cash flow turns positive
- year 28
The deal
- Price
- $489,000
- Cash to close
- $112,470
- Price per unit
- $244,500
- GRM
- 12.3
Each month
- Cash flow
- −$1,534/mo
- Cash-on-cash
- −16.4%
- Cap rate
- 2.6%
- DSCR
- 0.41×
Break-even
- Price that breaks even
- $200,741
- Rent that breaks even
- $5,538/mo
Long run
- Year 30: property vs stocks
- $1.12M vs $2.25M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $499,000
- Cash to close
- $139,720
- Price per unit
- $249,500
- GRM
- 12.6
Each month
- Cash flow
- −$1,142/mo
- Cash-on-cash
- −9.8%
- Cap rate
- 3.2%
- DSCR
- 0.54×
Break-even
- Price that breaks even
- $270,074
- Rent that breaks even
- $4,783/mo
Long run
- Year 30: property vs stocks
- $1.15M vs $1.91M
- Cash flow turns positive
- year 26
The deal
- Price
- $499,000
- Cash to close
- $139,720
- Price per unit
- $249,500
- GRM
- 12.6
Each month
- Cash flow
- −$1,421/mo
- Cash-on-cash
- −12.2%
- Cap rate
- 2.6%
- DSCR
- 0.43×
Break-even
- Price that breaks even
- $214,123
- Rent that breaks even
- $5,374/mo
Long run
- Year 30: property vs stocks
- $1.14M vs $2.33M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $489,000
- Cash to close
- $136,920
- Price per unit
- $244,500
- GRM
- 12.3
Each month
- Cash flow
- −$1,092/mo
- Cash-on-cash
- −9.6%
- Cap rate
- 3.3%
- DSCR
- 0.55×
Break-even
- Price that breaks even
- $270,074
- Rent that breaks even
- $4,719/mo
Long run
- Year 30: property vs stocks
- $1.13M vs $1.83M
- Cash flow turns positive
- year 25
The deal
- Price
- $489,000
- Cash to close
- $136,920
- Price per unit
- $244,500
- GRM
- 12.3
Each month
- Cash flow
- −$1,372/mo
- Cash-on-cash
- −12.0%
- Cap rate
- 2.6%
- DSCR
- 0.44×
Break-even
- Price that breaks even
- $214,123
- Rent that breaks even
- $5,301/mo
Long run
- Year 30: property vs stocks
- $1.12M vs $2.26M
- Cash flow turns positive
- not within 30 years
Monthly
Monthly breakdown
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Net operating income | $1,348 |
| Mortgage (principal + interest) | −$2,988 |
| PMI | −$281 |
| Cash flow | −$1,921 |
| Principal paid down (equity, not cash) | $380 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Property management | −$279 |
| Net operating income | $1,068 |
| Mortgage (principal + interest) | −$2,988 |
| PMI | −$281 |
| Cash flow | −$2,200 |
| Principal paid down (equity, not cash) | $380 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Net operating income | $1,348 |
| Mortgage (principal + interest) | −$2,928 |
| PMI | −$275 |
| Cash flow | −$1,855 |
| Principal paid down (equity, not cash) | $373 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Property management | −$279 |
| Net operating income | $1,068 |
| Mortgage (principal + interest) | −$2,928 |
| PMI | −$275 |
| Cash flow | −$2,135 |
| Principal paid down (equity, not cash) | $373 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Net operating income | $1,348 |
| Mortgage (principal + interest) | −$2,656 |
| Cash flow | −$1,308 |
| Principal paid down (equity, not cash) | $338 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Property management | −$279 |
| Net operating income | $1,068 |
| Mortgage (principal + interest) | −$2,656 |
| Cash flow | −$1,587 |
| Principal paid down (equity, not cash) | $338 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Net operating income | $1,348 |
| Mortgage (principal + interest) | −$2,603 |
| Cash flow | −$1,255 |
| Principal paid down (equity, not cash) | $331 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Property management | −$279 |
| Net operating income | $1,068 |
| Mortgage (principal + interest) | −$2,603 |
| Cash flow | −$1,534 |
| Principal paid down (equity, not cash) | $331 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Net operating income | $1,348 |
| Mortgage (principal + interest) | −$2,490 |
| Cash flow | −$1,142 |
| Principal paid down (equity, not cash) | $317 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Property management | −$279 |
| Net operating income | $1,068 |
| Mortgage (principal + interest) | −$2,490 |
| Cash flow | −$1,421 |
| Principal paid down (equity, not cash) | $317 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Net operating income | $1,348 |
| Mortgage (principal + interest) | −$2,440 |
| Cash flow | −$1,092 |
| Principal paid down (equity, not cash) | $310 |
| Rent | $3,300 |
| Vacancy (6%) | −$198 |
| Collected | $3,102 |
| Property tax Public record | −$738 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$264 |
| Capital reserve (9% of rent) | −$297 |
| Property management | −$279 |
| Net operating income | $1,068 |
| Mortgage (principal + interest) | −$2,440 |
| Cash flow | −$1,372 |
| Principal paid down (equity, not cash) | $310 |
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
- $1,138,532
- Rental profits, invested at 7%
- $0
Sells for $1,211,204 (value up 3% a year), minus 6% selling cost ($72,672). Rent paid down $449,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $493,807
- Monthly shortfalls, invested
- $1,487,391
$64,870 put into an index fund instead of the down payment and closing costs.
$377,712 you'd have paid in while the building lost money, invested instead.
Stocks come out $842,666 ahead after 30 years.
- Your equity when you sell
- $1,138,532
- Rental profits, invested at 7%
- $0
Sells for $1,211,204 (value up 3% a year), minus 6% selling cost ($72,672). Rent paid down $449,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $493,807
- Monthly shortfalls, invested
- $1,921,655
$64,870 put into an index fund instead of the down payment and closing costs.
$537,098 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,276,930 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $0
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $440,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $483,911
- Monthly shortfalls, invested
- $1,417,778
$63,570 put into an index fund instead of the down payment and closing costs.
$355,887 you'd have paid in while the building lost money, invested instead.
Stocks come out $785,974 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $0
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $440,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $483,911
- Monthly shortfalls, invested
- $1,852,042
$63,570 put into an index fund instead of the down payment and closing costs.
$515,272 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,220,238 ahead after 30 years.
- Your equity when you sell
- $1,138,532
- Rental profits, invested at 7%
- $1,546
Sells for $1,211,204 (value up 3% a year), minus 6% selling cost ($72,672). Rent paid down $399,200 of loan.
$1,520 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $873,659
- Monthly shortfalls, invested
- $1,025,773
$114,770 put into an index fund instead of the down payment and closing costs.
$246,244 you'd have paid in while the building lost money, invested instead.
Stocks come out $759,354 ahead after 30 years.
- Your equity when you sell
- $1,138,532
- Rental profits, invested at 7%
- $0
Sells for $1,211,204 (value up 3% a year), minus 6% selling cost ($72,672). Rent paid down $399,200 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $873,659
- Monthly shortfalls, invested
- $1,458,491
$114,770 put into an index fund instead of the down payment and closing costs.
$404,110 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,193,618 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $3,149
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $391,200 of loan.
$3,043 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $856,150
- Monthly shortfalls, invested
- $967,045
$112,470 put into an index fund instead of the down payment and closing costs.
$228,606 you'd have paid in while the building lost money, invested instead.
Stocks come out $704,331 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $0
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $391,200 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $856,150
- Monthly shortfalls, invested
- $1,398,160
$112,470 put into an index fund instead of the down payment and closing costs.
$384,949 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,138,595 ahead after 30 years.
- Your equity when you sell
- $1,138,532
- Rental profits, invested at 7%
- $8,702
Sells for $1,211,204 (value up 3% a year), minus 6% selling cost ($72,672). Rent paid down $374,250 of loan.
$8,076 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,063,584
- Monthly shortfalls, invested
- $844,772
$139,720 put into an index fund instead of the down payment and closing costs.
$193,043 you'd have paid in while the building lost money, invested instead.
Stocks come out $761,122 ahead after 30 years.
- Your equity when you sell
- $1,138,532
- Rental profits, invested at 7%
- $0
Sells for $1,211,204 (value up 3% a year), minus 6% selling cost ($72,672). Rent paid down $374,250 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,063,584
- Monthly shortfalls, invested
- $1,270,333
$139,720 put into an index fund instead of the down payment and closing costs.
$344,352 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,195,386 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $12,153
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $366,750 of loan.
$11,075 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,042,270
- Monthly shortfalls, invested
- $791,662
$136,920 put into an index fund instead of the down payment and closing costs.
$178,079 you'd have paid in while the building lost money, invested instead.
Stocks come out $706,064 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $0
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $366,750 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,042,270
- Monthly shortfalls, invested
- $1,213,773
$136,920 put into an index fund instead of the down payment and closing costs.
$326,389 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,140,328 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 $1.14M, stocks $1.98M. Stocks win.
Year 30 (loan paid off): property $1.14M, stocks $2.42M. Stocks win.
Year 30 (loan paid off): property $1.12M, stocks $1.90M. Stocks win.
Year 30 (loan paid off): property $1.12M, stocks $2.34M. Stocks win.
Year 30 (loan paid off): property $1.14M, stocks $1.90M. Stocks win.
Year 30 (loan paid off): property $1.14M, stocks $2.33M. Stocks win.
Year 30 (loan paid off): property $1.12M, stocks $1.82M. Stocks win.
Year 30 (loan paid off): property $1.12M, stocks $2.25M. Stocks win.
Year 30 (loan paid off): property $1.15M, stocks $1.91M. Stocks win.
Year 30 (loan paid off): property $1.14M, stocks $2.33M. Stocks win.
Year 30 (loan paid off): property $1.13M, stocks $1.83M. Stocks win.
Year 30 (loan paid off): property $1.12M, stocks $2.26M. Stocks win.
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.
3 bed estimate $1,825/mo · range $1,700–$2,075 · 6 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 2200 Harriet Ave S, Minneapolis | $1,850 | 3 / 1 | 0.1 mi |
| 2305 Garfield Ave Unit 201, Minneapolis | $2,300 | 3 / 1 | 0.1 mi |
| 2415 Harriet Ave, Minneapolis | $1,695 | 3 / 1 | 0.2 mi |
| 905 Franklin Ave W, Minneapolis | $1,745 | 3 / 1 | 0.3 mi |
| 307 15th St W, Minneapolis | $1,595 | 3 / 1 | 0.4 mi |
| 711 W 28th St, Minneapolis | $1,595 | 3 / 1 | 0.7 mi |
2 bed estimate $1,475/mo · range $1,375–$1,625 · 24 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 2101 Garfield Ave, Minneapolis | $1,300 | 2 / 1 | 0.0 mi |
| 2121 Garfield Ave, Minneapolis | $1,375 | 2 / 1 | 0.0 mi |
| 2002 Garfield Ave S, Minneapolis | $1,295 | 2 / 1 | 0.1 mi |
| 2122 Grand Ave S, Minneapolis | $1,199 | 2 / 1 | 0.1 mi |
| 305 W Franklin Ave, Minneapolis | $1,225 | 2 / 1 | 0.1 mi |
| 2300 Pleasant Ave, Minneapolis | $1,300 | 2 / 1 | 0.2 mi |
| 2400 Harriet Ave, Minneapolis | $1,295 | 2 / 1 | 0.2 mi |
| 2109 Blaisdell Ave Apt 404, Minneapolis | $1,745 | 2 / 1 | 0.3 mi |
| 2109 Blaisdell Ave Apt 402, Minneapolis | $1,795 | 2 / 1 | 0.3 mi |
| 2201 Blaisdell Ave, Minneapolis | $1,855 | 2 / 1 | 0.3 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
- highDescription gives no rents, lease status or occupancy, so income is unverified. Listing says: Both units feature original charm and character of the home throughout. · AI review
- mediumAsking is $245,806 above the price where cash flow breaks even ($253,194) at the default scenario. Based on: Derived: price $499,000 vs. break-even $253,194
- mediumNon-homestead tax of about $8,854 is a big drag on a $499K price. Based on: data: county.tax · AI review
- low$288 in special assessments on the current tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Hennepin County parcel 3402924220030: special assessments (current) = $288.26
- lowHighway sits about 281 m away, so noise may affect rentability. Based on: data: highway.distance_m · AI review
Opportunities
- Large 3-car garage can bring in extra parking or storage income. Listing says: Large 3 car detached garage · AI review
Questions for the agent
- What are the current rents, lease end dates and security deposits for each unit?
- Who pays heat, water and electric, and is it one boiler or one per unit? How old are the boilers?
- What is the $288 special assessment for, and does it continue?
- Is the 3-car garage rented separately, and who pays for the shared laundry?
- Why has the seller priced $84K above the 2022 sale, and what updates were done since?
- Can I see the trailing-12 expenses and the rental license inspection report?
Bottom line
Nice old duplex with newer boilers, but at $499K it loses over $1,300 a month on our numbers and the price needs to fall dramatically. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $8,854 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,707 |
| 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 1903: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-09-14 (21 days); last sold for $415,000 on 2022-03-18; listed for rent at $1,695/mo on 2024-05-17.
| Date | Event | Price |
|---|---|---|
| Listed | $499,000 | |
| Removed | — | |
| Listed for rent | $1,695/mo | |
| Removed | — | |
| Rent changed | $1,695/mo | |
| Listed for rent | $1,745/mo | |
| Removed | — | |
| Rent changed | $1,745/mo | |
| Listed for rent | $1,795/mo | |
| Removed | — | |
| Removed | — | |
| Listed for rent | $1,495/mo | |
| Listed for rent | $1,595/mo | |
| Sold public record | $415,000 | |
| Removed | $499,000 | |
| Listed | $499,000 | |
| Sold public record | $119,500 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1903 |
| Market value (2026) | $466,200 |
| Property tax | $8,854 |
| Special assessments | $288 |
| Homestead | no |
| Last sale | 2022-03-01 · $415,000 |
Source: Hennepin County parcel records.
City rental license
CHOWN: 2 unit(s), Tier 1, status active, renews 2027-03-01.
Nearest highway
I 94;MN 55, about 281 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).