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2308 Logan Ave N

Duplex · 2 units: 3 bed / 1 bath ×2 unit split estimated · 2,392 sq ft

Minneapolis, MN · Jordan · View the listing ↗

Cash flows
2 photos
2308 Logan Ave N, photo 1
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2308 Logan Ave N, photo 2
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Photos, via Realtor.com.

Asking price
$285,000
2 units · $142K per unit
Monthly cash flow
$646
at 20% down, 7%
Estimated rent
$3,750/mo
low confidence · 7 rentals within 1.5 mi
Break-even price
$406,335
where cash flow hits $0

Adjust the numbers See the full breakdown

The numbers

Down payment %
Offer $
Management
Interest rate %
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
$285,000
Cash to close
$65,550
Price per unit
$142,500
GRM
6.3

Each month

Cash flow
$646/mo
Cash-on-cash
11.8%
Cap rate
9.1%
DSCR
1.43×

Break-even

Price that breaks even
$406,335
Rent that breaks even
$2,911/mo

Long run

Year 30: property vs stocks
$2.23M vs $499K
Cash flow turns positive
year 1

Monthly

Monthly breakdown

Rent$3,750
Vacancy (6%)−$225
Collected$3,525
Property tax Listing−$275
Insurance Estimate−$220
Water, sewer, trash Estimate−$170
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$300
Capital reserve (9% of rent)−$338
Net operating income$2,163
Mortgage (principal + interest)−$1,517
Cash flow$646
Principal paid down (equity, not cash)$193

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

If you buy this building$2,228,126
Your equity when you sell
$650,264

Sells for $691,770 (value up 3% a year), minus 6% selling cost ($41,506). Rent paid down $228,000 of loan.

Rental profits, invested at 7%
$1,577,862

$653,404 of cash flow over 30 years, plus what it earned invested.

Same money in stocks$498,983
Cash to close, invested at 7%
$498,983

$65,550 put into an index fund instead of the down payment and closing costs.

The building comes out $1,729,143 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

This propertyStocks at 7%

Year 30 (loan paid off): property $2.23M, stocks $499K. 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.

3 bed estimate $1,875/mo · range $1,675–$2,175 · 7 rentals within 1.5 mi

AddressRentBd / BaSq ftDistanceListedType
1406 21st Ave N Unit 1, Minneapolis $2,065 3 / 1 — 0.4 mi 2025-07-23 Duplex triplex
3023 Queen Ave N, Minneapolis $1,450 3 / 1 820 0.7 mi 2026-07-31 Duplex triplex
816 21st Ave N Apt 336, Minneapolis $2,065 3 / 1 1,500 0.7 mi 2026-07-14 Apartment
816 21st Ave N Apt 107, Minneapolis $1,788 3 / 1 1,500 0.7 mi 2026-07-14 Apartment
910 Oliver Ave N Apt 5, Minneapolis $1,790 3 / 1 1,101 1.1 mi 2026-07-28 Apartment
3045 Grimes Ave N, Robbinsdale $1,850 3 / 1 1,400 1.4 mi 2026-09-15 Apartment
2112 5th Ave N Unit 1, Minneapolis $1,595 3 / 1 1,200 1.4 mi — Apartment

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

  • 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 2308 LOGAN AVE N

Opportunities

None found.

Questions for the agent

  • Can we see the current leases and a rent roll, with move-in dates?
  • What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
  • How old are the roof, boiler or furnaces, water heaters and electrical panels?
  • Is the building licensed as a rental for this many units, and when was the last city inspection?
  • Any special assessments pending, and will the seller pay them off at closing?

Standard questions worth asking about any building.

What the records say

Where each number comes from

Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.$3,300
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 1905: +1 pt capital reserve8% / 9%

Price history Realtor.com

On the market since 2026-09-30 (5 days); last sold for $207,000 on 2018-11-26.

DateEventPrice
Listed$285,000
Sold public record$207,000
Sold public record$25,000
Sold public record$80,000

County record Public record

Recorded asduplex
Living units2
Year built1905
Market value (2026)$237,000
Property tax$3,300
Special assessmentsnone
Homesteadno
Last sale2018-11-01 · $207,000

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

None, about 1742 m away.

Crime in Jordan

591 incidents in the last 12 months (69 per 1,000 residents), +4% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).