2115-2117 Aldrich Ave N
Duplex · 2 units: 2 bed / 1 bath ×2 unit split estimated · 2,392 sq ft
Minneapolis, MN · Hawthorne · View the listing ↗
Photos courtesy of RE/MAX Results, via Realtor.com.
- Asking price
- $339,000 2 units · $170K per unit
- Monthly cash flow
- $64 at 20% down, 7%
- Break-even price
- $350,956 where cash flow hits $0
First look
This is a 1917 Minneapolis up/down on a big 0.26-acre lot with a 2024 roof and solar, and it has been listed 192 days. Our underwriting at asking shows about $64/month cash flow and a 6.6% cap, but that uses estimated rents of $1,700 per 2-bed and an unverified tax bill, since we couldn't match a county parcel. The description gives no current rents, no lease status and no occupancy, so ask for the rent roll first. The kitchens and baths look dated and the lower-level third unit is only partly roughed in. That is a project with permit, egress and licensing questions, not income. Worth a showing only if taxes and the rent roll hold up and the price has room to come down.
Things to consider
- Income is unverified There are no stated rents or leases, so the 6.6% cap and $64/month cash flow rest on our estimates. Real rents could be lower or higher.
- Taxes not confirmed We couldn't match a county parcel. Investor taxes in Minneapolis are often well above homestead bills, which could erase the thin cash flow.
- Lower-level third unit is speculative Finishing it costs money and needs permits, egress and a rental license. It may not be legal as a unit, so value it as upside only.Listing says: “partially roughed in kitchen, bathroom & several egress windows”
- The 2024 roof and solar reduce a big near-term cost A new roof means a large capex item is off the table. But solar ownership or leasing terms could add obligations.Listing says: “2024 roof with working solar panels”
- 192 days on market gives leverage A long listing suggests the price may not match the market. A cut would improve the numbers.
- Dated interiors mean turnover costs Kitchens and baths look original or old. Budget for refreshes before pushing rents toward the $1,700 estimate.From photo 7
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
- neededLower-level third unit needs to be finished: kitchen and bath only partly roughed inListing says: 3rd unit ready to be finished in the lower level, partially roughed in kitchen, bathroom & several egress windows
- neededUpper loft needs work to become a suite, with the bathroom only roughed inListing says: lofted area that could be transformed into a primary suite, bathroom roughed in or an office or studio
- doneNew roof with solar panelsListing says: 2024 roof with working solar panels
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
- $339,000
- Cash to close
- $44,070
- Price per unit
- $169,500
- GRM
- 8.3
Each month
- Cash flow
- −$353/mo
- Cash-on-cash
- −9.6%
- Cap rate
- 6.6%
- DSCR
- 0.84×
Break-even
- Price that breaks even
- $285,171
- Rent that breaks even
- $3,858/mo
Long run
- Year 30: property vs stocks
- $1.34M vs $421K
- Cash flow turns positive
- year 5
The deal
- Price
- $339,000
- Cash to close
- $44,070
- Price per unit
- $169,500
- GRM
- 8.3
Each month
- Cash flow
- −$640/mo
- Cash-on-cash
- −17.4%
- Cap rate
- 5.6%
- DSCR
- 0.71×
Break-even
- Price that breaks even
- $241,258
- Rent that breaks even
- $4,334/mo
Long run
- Year 30: property vs stocks
- $1.03M vs $565K
- Cash flow turns positive
- year 11
The deal
- Price
- $329,000
- Cash to close
- $42,770
- Price per unit
- $164,500
- GRM
- 8.1
Each month
- Cash flow
- −$287/mo
- Cash-on-cash
- −8.1%
- Cap rate
- 6.8%
- DSCR
- 0.87×
Break-even
- Price that breaks even
- $285,171
- Rent that breaks even
- $3,773/mo
Long run
- Year 30: property vs stocks
- $1.36M vs $391K
- Cash flow turns positive
- year 5
The deal
- Price
- $329,000
- Cash to close
- $42,770
- Price per unit
- $164,500
- GRM
- 8.1
Each month
- Cash flow
- −$575/mo
- Cash-on-cash
- −16.1%
- Cap rate
- 5.8%
- DSCR
- 0.73×
Break-even
- Price that breaks even
- $241,258
- Rent that breaks even
- $4,239/mo
Long run
- Year 30: property vs stocks
- $1.04M vs $517K
- Cash flow turns positive
- year 10
The deal
- Price
- $339,000
- Cash to close
- $77,970
- Price per unit
- $169,500
- GRM
- 8.3
Each month
- Cash flow
- $64/mo
- Cash-on-cash
- 1.0%
- Cap rate
- 6.6%
- DSCR
- 1.04×
Break-even
- Price that breaks even
- $350,956
- Rent that breaks even
- $3,317/mo
Long run
- Year 30: property vs stocks
- $1.56M vs $594K
- Cash flow turns positive
- year 1
The deal
- Price
- $339,000
- Cash to close
- $77,970
- Price per unit
- $169,500
- GRM
- 8.3
Each month
- Cash flow
- −$224/mo
- Cash-on-cash
- −3.4%
- Cap rate
- 5.6%
- DSCR
- 0.88×
Break-even
- Price that breaks even
- $296,913
- Rent that breaks even
- $3,727/mo
Long run
- Year 30: property vs stocks
- $1.17M vs $646K
- Cash flow turns positive
- year 6
The deal
- Price
- $329,000
- Cash to close
- $75,670
- Price per unit
- $164,500
- GRM
- 8.1
Each month
- Cash flow
- $117/mo
- Cash-on-cash
- 1.9%
- Cap rate
- 6.8%
- DSCR
- 1.07×
Break-even
- Price that breaks even
- $350,956
- Rent that breaks even
- $3,248/mo
Long run
- Year 30: property vs stocks
- $1.60M vs $576K
- Cash flow turns positive
- year 1
The deal
- Price
- $329,000
- Cash to close
- $75,670
- Price per unit
- $164,500
- GRM
- 8.1
Each month
- Cash flow
- −$171/mo
- Cash-on-cash
- −2.7%
- Cap rate
- 5.8%
- DSCR
- 0.90×
Break-even
- Price that breaks even
- $296,913
- Rent that breaks even
- $3,649/mo
Long run
- Year 30: property vs stocks
- $1.19M vs $609K
- Cash flow turns positive
- year 5
The deal
- Price
- $339,000
- Cash to close
- $94,920
- Price per unit
- $169,500
- GRM
- 8.3
Each month
- Cash flow
- $176/mo
- Cash-on-cash
- 2.2%
- Cap rate
- 6.6%
- DSCR
- 1.10×
Break-even
- Price that breaks even
- $374,353
- Rent that breaks even
- $3,171/mo
Long run
- Year 30: property vs stocks
- $1.69M vs $723K
- Cash flow turns positive
- year 1
The deal
- Price
- $339,000
- Cash to close
- $94,920
- Price per unit
- $169,500
- GRM
- 8.3
Each month
- Cash flow
- −$111/mo
- Cash-on-cash
- −1.4%
- Cap rate
- 5.6%
- DSCR
- 0.93×
Break-even
- Price that breaks even
- $316,707
- Rent that breaks even
- $3,562/mo
Long run
- Year 30: property vs stocks
- $1.26M vs $739K
- Cash flow turns positive
- year 4
The deal
- Price
- $329,000
- Cash to close
- $92,120
- Price per unit
- $164,500
- GRM
- 8.1
Each month
- Cash flow
- $226/mo
- Cash-on-cash
- 2.9%
- Cap rate
- 6.8%
- DSCR
- 1.14×
Break-even
- Price that breaks even
- $374,353
- Rent that breaks even
- $3,106/mo
Long run
- Year 30: property vs stocks
- $1.73M vs $701K
- Cash flow turns positive
- year 1
The deal
- Price
- $329,000
- Cash to close
- $92,120
- Price per unit
- $164,500
- GRM
- 8.1
Each month
- Cash flow
- −$61/mo
- Cash-on-cash
- −0.8%
- Cap rate
- 5.8%
- DSCR
- 0.96×
Break-even
- Price that breaks even
- $316,707
- Rent that breaks even
- $3,489/mo
Long run
- Year 30: property vs stocks
- $1.29M vs $708K
- Cash flow turns positive
- year 3
Monthly
Monthly breakdown
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Net operating income | $1,868 |
| Mortgage (principal + interest) | −$2,030 |
| PMI | −$191 |
| Cash flow | −$353 |
| Principal paid down (equity, not cash) | $258 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Property management | −$288 |
| Net operating income | $1,580 |
| Mortgage (principal + interest) | −$2,030 |
| PMI | −$191 |
| Cash flow | −$640 |
| Principal paid down (equity, not cash) | $258 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Net operating income | $1,868 |
| Mortgage (principal + interest) | −$1,970 |
| PMI | −$185 |
| Cash flow | −$287 |
| Principal paid down (equity, not cash) | $251 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Property management | −$288 |
| Net operating income | $1,580 |
| Mortgage (principal + interest) | −$1,970 |
| PMI | −$185 |
| Cash flow | −$575 |
| Principal paid down (equity, not cash) | $251 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Net operating income | $1,868 |
| Mortgage (principal + interest) | −$1,804 |
| Cash flow | $64 |
| Principal paid down (equity, not cash) | $230 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Property management | −$288 |
| Net operating income | $1,580 |
| Mortgage (principal + interest) | −$1,804 |
| Cash flow | −$224 |
| Principal paid down (equity, not cash) | $230 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Net operating income | $1,868 |
| Mortgage (principal + interest) | −$1,751 |
| Cash flow | $117 |
| Principal paid down (equity, not cash) | $223 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Property management | −$288 |
| Net operating income | $1,580 |
| Mortgage (principal + interest) | −$1,751 |
| Cash flow | −$171 |
| Principal paid down (equity, not cash) | $223 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Net operating income | $1,868 |
| Mortgage (principal + interest) | −$1,692 |
| Cash flow | $176 |
| Principal paid down (equity, not cash) | $215 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Property management | −$288 |
| Net operating income | $1,580 |
| Mortgage (principal + interest) | −$1,692 |
| Cash flow | −$111 |
| Principal paid down (equity, not cash) | $215 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Net operating income | $1,868 |
| Mortgage (principal + interest) | −$1,642 |
| Cash flow | $226 |
| Principal paid down (equity, not cash) | $209 |
| Rent | $3,400 |
| Vacancy (6%) | −$204 |
| Collected | $3,196 |
| Property tax Listing | −$300 |
| Insurance Estimate | −$220 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$272 |
| Capital reserve (9% of rent) | −$306 |
| Property management | −$288 |
| Net operating income | $1,580 |
| Mortgage (principal + interest) | −$1,642 |
| Cash flow | −$61 |
| Principal paid down (equity, not cash) | $209 |
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
- $773,471
- Rental profits, invested at 7%
- $562,396
Sells for $822,842 (value up 3% a year), minus 6% selling cost ($49,371). Rent paid down $305,100 of loan.
$303,179 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $335,472
- Monthly shortfalls, invested
- $85,785
$44,070 put into an index fund instead of the down payment and closing costs.
$13,090 you'd have paid in while the building lost money, invested instead.
The building comes out $914,610 ahead after 30 years.
- Your equity when you sell
- $773,471
- Rental profits, invested at 7%
- $258,298
Sells for $822,842 (value up 3% a year), minus 6% selling cost ($49,371). Rent paid down $305,100 of loan.
$163,620 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $335,472
- Monthly shortfalls, invested
- $229,110
$44,070 put into an index fund instead of the down payment and closing costs.
$37,746 you'd have paid in while the building lost money, invested instead.
The building comes out $467,188 ahead after 30 years.
- Your equity when you sell
- $750,655
- Rental profits, invested at 7%
- $611,742
Sells for $798,569 (value up 3% a year), minus 6% selling cost ($47,914). Rent paid down $296,100 of loan.
$321,861 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $325,576
- Monthly shortfalls, invested
- $65,517
$42,770 put into an index fund instead of the down payment and closing costs.
$9,946 you'd have paid in while the building lost money, invested instead.
The building comes out $971,303 ahead after 30 years.
- Your equity when you sell
- $750,655
- Rental profits, invested at 7%
- $290,001
Sells for $798,569 (value up 3% a year), minus 6% selling cost ($47,914). Rent paid down $296,100 of loan.
$178,571 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $325,576
- Monthly shortfalls, invested
- $191,200
$42,770 put into an index fund instead of the down payment and closing costs.
$30,871 you'd have paid in while the building lost money, invested instead.
The building comes out $523,880 ahead after 30 years.
- Your equity when you sell
- $773,471
- Rental profits, invested at 7%
- $791,266
Sells for $822,842 (value up 3% a year), minus 6% selling cost ($49,371). Rent paid down $271,200 of loan.
$380,436 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $593,528
$77,970 put into an index fund instead of the down payment and closing costs.
The building comes out $971,209 ahead after 30 years.
- Your equity when you sell
- $773,471
- Rental profits, invested at 7%
- $396,442
Sells for $822,842 (value up 3% a year), minus 6% selling cost ($49,371). Rent paid down $271,200 of loan.
$224,279 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $593,528
- Monthly shortfalls, invested
- $52,599
$77,970 put into an index fund instead of the down payment and closing costs.
$8,058 you'd have paid in while the building lost money, invested instead.
The building comes out $523,786 ahead after 30 years.
- Your equity when you sell
- $750,655
- Rental profits, invested at 7%
- $851,597
Sells for $798,569 (value up 3% a year), minus 6% selling cost ($47,914). Rent paid down $263,200 of loan.
$399,596 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $576,019
$75,670 put into an index fund instead of the down payment and closing costs.
The building comes out $1,026,233 ahead after 30 years.
- Your equity when you sell
- $750,655
- Rental profits, invested at 7%
- $437,558
Sells for $798,569 (value up 3% a year), minus 6% selling cost ($47,914). Rent paid down $263,200 of loan.
$240,379 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $576,019
- Monthly shortfalls, invested
- $33,384
$75,670 put into an index fund instead of the down payment and closing costs.
$4,997 you'd have paid in while the building lost money, invested instead.
The building comes out $578,810 ahead after 30 years.
- Your equity when you sell
- $773,471
- Rental profits, invested at 7%
- $919,092
Sells for $822,842 (value up 3% a year), minus 6% selling cost ($49,371). Rent paid down $254,250 of loan.
$421,032 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $722,555
$94,920 put into an index fund instead of the down payment and closing costs.
The building comes out $970,009 ahead after 30 years.
- Your equity when you sell
- $773,471
- Rental profits, invested at 7%
- $488,253
Sells for $822,842 (value up 3% a year), minus 6% selling cost ($49,371). Rent paid down $254,250 of loan.
$259,236 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $722,555
- Monthly shortfalls, invested
- $16,584
$94,920 put into an index fund instead of the down payment and closing costs.
$2,419 you'd have paid in while the building lost money, invested instead.
The building comes out $522,585 ahead after 30 years.
- Your equity when you sell
- $750,655
- Rental profits, invested at 7%
- $975,653
Sells for $798,569 (value up 3% a year), minus 6% selling cost ($47,914). Rent paid down $246,750 of loan.
$438,996 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $701,241
$92,120 put into an index fund instead of the down payment and closing costs.
The building comes out $1,025,067 ahead after 30 years.
- Your equity when you sell
- $750,655
- Rental profits, invested at 7%
- $534,877
Sells for $798,569 (value up 3% a year), minus 6% selling cost ($47,914). Rent paid down $246,750 of loan.
$275,729 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $701,241
- Monthly shortfalls, invested
- $6,647
$92,120 put into an index fund instead of the down payment and closing costs.
$948 you'd have paid in while the building lost money, invested instead.
The building comes out $577,644 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 $1.34M, stocks $421K. The property wins.
Year 30 (loan paid off): property $1.03M, stocks $565K. The property wins.
Year 30 (loan paid off): property $1.36M, stocks $391K. The property wins.
Year 30 (loan paid off): property $1.04M, stocks $517K. The property wins.
Year 30 (loan paid off): property $1.56M, stocks $594K. The property wins.
Year 30 (loan paid off): property $1.17M, stocks $646K. The property wins.
Year 30 (loan paid off): property $1.60M, stocks $576K. The property wins.
Year 30 (loan paid off): property $1.19M, stocks $609K. The property wins.
Year 30 (loan paid off): property $1.69M, stocks $723K. The property wins.
Year 30 (loan paid off): property $1.26M, stocks $739K. The property wins.
Year 30 (loan paid off): property $1.73M, stocks $701K. The property wins.
Year 30 (loan paid off): property $1.29M, stocks $708K. 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 $1,700/mo · range $1,525–$2,175 · 20 rentals within 1.5 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 816 21st Ave N Apt 337, Minneapolis | $1,788 | 2 / 1 | 0.0 mi |
| 415 23rd Ave N Apt 4, Minneapolis | $1,415 | 2 / 1 | 0.2 mi |
| 2222 Girard Ave N, Minneapolis | $1,500 | 2 / 1 | 0.3 mi |
| 421 N 26th Ave Unit 1, Minneapolis | $1,500 | 2 / 1 | 0.4 mi |
| 2000 W Broadway Ave, Minneapolis | $1,350 | 2 / 1 | 0.8 mi |
| 815 N 2nd St, Minneapolis | $2,313 | 2 / 1 | 1.0 mi |
| 730 Washington Ave N Unit 245, Minneapolis | $2,750 | 2 / 1 | 1.0 mi |
| 2323 26th Ave N, Minneapolis | $1,717 | 2 / 1 | 1.0 mi |
| 756 N 4th St, Minneapolis | $1,717 | 2 / 1 | 1.0 mi |
| 80 Broadway St NE, Minneapolis | $2,429 | 2 / 1 | 1.1 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
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 2115-2117 ALDRICH AVE N
- mediumThe third unit is unfinished and may not be a legal, licensed unit. Don't count it as income. Listing says: 3rd unit ready to be finished in the lower level, partially roughed in kitchen, bathroom · AI review
- mediumStucco exterior over a 1917 structure. Check for moisture, cracking and flashing problems around the windows. Based on: photo 2 · AI review
- mediumNo rents, lease status or occupancy are given, so the income side is entirely our estimate. Based on: data: rent_estimate · AI review
- lowBoth kitchens look dated, and the unit shown in photos 6-7 has worn floors and mismatched cabinetry. Expect turnover costs. Based on: photo 7 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 192 days on market
- The lower-level space could become a third unit, which would add rent if it is permitted and licensed. Listing says: A fantastic opportunity to build equity! · AI review
- The roof is new and solar panels are working. Ask whether they are owned or leased and whether they offset common electric. Listing says: 2024 roof with working solar panels · AI review
- A large lot and a 2-car garage give parking that is a rental selling point. Listing says: 0.26 acre city lot with a 24 x 24 two car garage · AI review
- Minneapolis has no rent cap, so rents can rise after a refresh. Based on: data: underwriting.rent_rule · AI review
Questions for the agent
- What are the current rents, lease end dates and security deposits for each unit? Is either unit vacant?
- Who owns the solar panels? Is there a lease or PPA, and does it transfer to a buyer?
- Is the Minneapolis rental license current, and for how many units?
- Were permits pulled for the lower-level rough-in and egress windows? What is left to finish?
- What are the actual property taxes and any special assessments?
- Why has it sat 192 days, and have there been price cuts or offers?
Bottom line
A solid-looking building with a new roof that barely cash flows at asking on estimated rents, but the income is unverified and the third unit is a project, so get the rent roll and taxes before you offer. 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. | $3,603 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,638 |
| 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 1917: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-03-27 (192 days).
| Date | Event | Price |
|---|---|---|
| Listed | $339,000 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2025 | $3,603 |
| County | Hennepin |
| Parcel number | 1602924140242 |
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.
City rental license
No record in Minneapolis Active Rental Licenses.
Nearest highway
None, about 542 m away.
Crime in Hawthorne
445 incidents in the last 12 months (79 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).