2400 Emerson Ave N
Duplex · 2 units: 3 bed / 1 bath ×2 unit split estimated · 2,738 sq ft
Minneapolis, MN · Hawthorne · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $355,000 2 units · $178K per unit
- Monthly cash flow
- $475 at 20% down, 7%
- Estimated rent
- $4,000/mo medium confidence
- Break-even price
- $444,200 where cash flow hits $0
First look
This is a fully rehabbed Hawthorne duplex with two 3-bed/1-bath units. It's priced at $355K against a county value of $213.6K and a $120K purchase in 2019. Our numbers show about +$475/month at asking with 20% down, a 8.0% cap rate and a break-even price near $444K, so it pencils at today's rates even at the asking price. The listing gives no rents, no lease status and no system details, and the finishes look like a flip. Ask for the permits, the rent roll and the heat setup before you spend time on a showing. It's worth seeing if the rents hold up near our estimate.
Things to consider
- Price works at today's rates, if rents hold Cash flow is positive at asking and the break-even price is above the list price. That depends on the rent estimate holding up.
- Rents are unverified Our estimate is about $2,000 per 3-bed unit, but the listing gives no actual rents or occupancy. The estimate drives the whole deal.
- Flip pricing versus county value The seller paid $120K in 2019 and the county values it at $213.6K. The asking price banks on the renovation, so check the quality of the work and the permits.
- Heating and metering are unclear Mixed forced air and baseboard heat could mean separate or shared systems. That decides who pays utilities and your expenses.From photo 8
- Investor tax bill The county shows non-homestead tax of about $4,056. Check whether it is likely to rise after the sale at this price.
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
- doneFull interior renovation: kitchen cabinets, quartz counters, bathroom, LVP flooring, paintListing says: brand-new luxury vinyl plank (LVP) flooring, and contemporary fixtures
- doneUpper unit finished to match the main levelListing says: The upper-level unit mirrors similar finishes throughout.
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
- $355,000
- Cash to close
- $46,150
- Price per unit
- $177,500
- GRM
- 7.4
Each month
- Cash flow
- $39/mo
- Cash-on-cash
- 1.0%
- Cap rate
- 8.0%
- DSCR
- 1.02×
Break-even
- Price that breaks even
- $360,937
- Rent that breaks even
- $3,951/mo
Long run
- Year 30: property vs stocks
- $1.94M vs $351K
- Cash flow turns positive
- year 1
The deal
- Price
- $355,000
- Cash to close
- $46,150
- Price per unit
- $177,500
- GRM
- 7.4
Each month
- Cash flow
- −$300/mo
- Cash-on-cash
- −7.8%
- Cap rate
- 6.8%
- DSCR
- 0.87×
Break-even
- Price that breaks even
- $309,275
- Rent that breaks even
- $4,425/mo
Long run
- Year 30: property vs stocks
- $1.48M vs $419K
- Cash flow turns positive
- year 5
The deal
- Price
- $345,000
- Cash to close
- $44,850
- Price per unit
- $172,500
- GRM
- 7.2
Each month
- Cash flow
- $104/mo
- Cash-on-cash
- 2.8%
- Cap rate
- 8.2%
- DSCR
- 1.05×
Break-even
- Price that breaks even
- $360,937
- Rent that breaks even
- $3,868/mo
Long run
- Year 30: property vs stocks
- $1.99M vs $341K
- Cash flow turns positive
- year 1
The deal
- Price
- $345,000
- Cash to close
- $44,850
- Price per unit
- $172,500
- GRM
- 7.2
Each month
- Cash flow
- −$234/mo
- Cash-on-cash
- −6.3%
- Cap rate
- 7.0%
- DSCR
- 0.90×
Break-even
- Price that breaks even
- $309,275
- Rent that breaks even
- $4,332/mo
Long run
- Year 30: property vs stocks
- $1.51M vs $388K
- Cash flow turns positive
- year 5
The deal
- Price
- $355,000
- Cash to close
- $81,650
- Price per unit
- $177,500
- GRM
- 7.4
Each month
- Cash flow
- $475/mo
- Cash-on-cash
- 7.0%
- Cap rate
- 8.0%
- DSCR
- 1.25×
Break-even
- Price that breaks even
- $444,200
- Rent that breaks even
- $3,399/mo
Long run
- Year 30: property vs stocks
- $2.27M vs $622K
- Cash flow turns positive
- year 1
The deal
- Price
- $355,000
- Cash to close
- $81,650
- Price per unit
- $177,500
- GRM
- 7.4
Each month
- Cash flow
- $136/mo
- Cash-on-cash
- 2.0%
- Cap rate
- 6.8%
- DSCR
- 1.07×
Break-even
- Price that breaks even
- $380,620
- Rent that breaks even
- $3,807/mo
Long run
- Year 30: property vs stocks
- $1.75M vs $622K
- Cash flow turns positive
- year 1
The deal
- Price
- $345,000
- Cash to close
- $79,350
- Price per unit
- $172,500
- GRM
- 7.2
Each month
- Cash flow
- $528/mo
- Cash-on-cash
- 8.0%
- Cap rate
- 8.2%
- DSCR
- 1.29×
Break-even
- Price that breaks even
- $444,200
- Rent that breaks even
- $3,332/mo
Long run
- Year 30: property vs stocks
- $2.31M vs $604K
- Cash flow turns positive
- year 1
The deal
- Price
- $345,000
- Cash to close
- $79,350
- Price per unit
- $172,500
- GRM
- 7.2
Each month
- Cash flow
- $190/mo
- Cash-on-cash
- 2.9%
- Cap rate
- 7.0%
- DSCR
- 1.10×
Break-even
- Price that breaks even
- $380,620
- Rent that breaks even
- $3,731/mo
Long run
- Year 30: property vs stocks
- $1.78M vs $604K
- Cash flow turns positive
- year 1
The deal
- Price
- $355,000
- Cash to close
- $99,400
- Price per unit
- $177,500
- GRM
- 7.4
Each month
- Cash flow
- $593/mo
- Cash-on-cash
- 7.2%
- Cap rate
- 8.0%
- DSCR
- 1.33×
Break-even
- Price that breaks even
- $473,813
- Rent that breaks even
- $3,250/mo
Long run
- Year 30: property vs stocks
- $2.41M vs $757K
- Cash flow turns positive
- year 1
The deal
- Price
- $355,000
- Cash to close
- $99,400
- Price per unit
- $177,500
- GRM
- 7.4
Each month
- Cash flow
- $254/mo
- Cash-on-cash
- 3.1%
- Cap rate
- 6.8%
- DSCR
- 1.14×
Break-even
- Price that breaks even
- $405,995
- Rent that breaks even
- $3,639/mo
Long run
- Year 30: property vs stocks
- $1.88M vs $757K
- Cash flow turns positive
- year 1
The deal
- Price
- $345,000
- Cash to close
- $96,600
- Price per unit
- $172,500
- GRM
- 7.2
Each month
- Cash flow
- $643/mo
- Cash-on-cash
- 8.0%
- Cap rate
- 8.2%
- DSCR
- 1.37×
Break-even
- Price that breaks even
- $473,813
- Rent that breaks even
- $3,186/mo
Long run
- Year 30: property vs stocks
- $2.44M vs $735K
- Cash flow turns positive
- year 1
The deal
- Price
- $345,000
- Cash to close
- $96,600
- Price per unit
- $172,500
- GRM
- 7.2
Each month
- Cash flow
- $304/mo
- Cash-on-cash
- 3.8%
- Cap rate
- 7.0%
- DSCR
- 1.18×
Break-even
- Price that breaks even
- $405,995
- Rent that breaks even
- $3,569/mo
Long run
- Year 30: property vs stocks
- $1.91M vs $735K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Net operating income | $2,364 |
| Mortgage (principal + interest) | −$2,126 |
| PMI | −$200 |
| Cash flow | $39 |
| Principal paid down (equity, not cash) | $270 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Property management | −$338 |
| Net operating income | $2,026 |
| Mortgage (principal + interest) | −$2,126 |
| PMI | −$200 |
| Cash flow | −$300 |
| Principal paid down (equity, not cash) | $270 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Net operating income | $2,364 |
| Mortgage (principal + interest) | −$2,066 |
| PMI | −$194 |
| Cash flow | $104 |
| Principal paid down (equity, not cash) | $263 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Property management | −$338 |
| Net operating income | $2,026 |
| Mortgage (principal + interest) | −$2,066 |
| PMI | −$194 |
| Cash flow | −$234 |
| Principal paid down (equity, not cash) | $263 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Net operating income | $2,364 |
| Mortgage (principal + interest) | −$1,889 |
| Cash flow | $475 |
| Principal paid down (equity, not cash) | $240 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Property management | −$338 |
| Net operating income | $2,026 |
| Mortgage (principal + interest) | −$1,889 |
| Cash flow | $136 |
| Principal paid down (equity, not cash) | $240 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Net operating income | $2,364 |
| Mortgage (principal + interest) | −$1,836 |
| Cash flow | $528 |
| Principal paid down (equity, not cash) | $234 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Property management | −$338 |
| Net operating income | $2,026 |
| Mortgage (principal + interest) | −$1,836 |
| Cash flow | $190 |
| Principal paid down (equity, not cash) | $234 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Net operating income | $2,364 |
| Mortgage (principal + interest) | −$1,771 |
| Cash flow | $593 |
| Principal paid down (equity, not cash) | $225 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Property management | −$338 |
| Net operating income | $2,026 |
| Mortgage (principal + interest) | −$1,771 |
| Cash flow | $254 |
| Principal paid down (equity, not cash) | $225 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Net operating income | $2,364 |
| Mortgage (principal + interest) | −$1,721 |
| Cash flow | $643 |
| Principal paid down (equity, not cash) | $219 |
| Rent | $4,000 |
| Vacancy (6%) | −$240 |
| Collected | $3,760 |
| Property tax Public record | −$338 |
| Insurance Estimate | −$228 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (7% of rent) | −$280 |
| Capital reserve (8% of rent) | −$320 |
| Property management | −$338 |
| Net operating income | $2,026 |
| Mortgage (principal + interest) | −$1,721 |
| Cash flow | $304 |
| Principal paid down (equity, not cash) | $219 |
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
- $809,977
- Rental profits, invested at 7%
- $1,132,992
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $319,500 of loan.
$536,280 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $351,306
$46,150 put into an index fund instead of the down payment and closing costs.
The building comes out $1,591,664 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $673,961
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $319,500 of loan.
$353,297 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $351,306
- Monthly shortfalls, invested
- $67,350
$46,150 put into an index fund instead of the down payment and closing costs.
$10,212 you'd have paid in while the building lost money, invested instead.
The building comes out $1,065,284 ahead after 30 years.
- Your equity when you sell
- $787,162
- Rental profits, invested at 7%
- $1,202,605
Sells for $837,406 (value up 3% a year), minus 6% selling cost ($50,244). Rent paid down $310,500 of loan.
$558,106 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $341,410
$44,850 put into an index fund instead of the down payment and closing costs.
The building comes out $1,648,356 ahead after 30 years.
- Your equity when you sell
- $787,162
- Rental profits, invested at 7%
- $723,307
Sells for $837,406 (value up 3% a year), minus 6% selling cost ($50,244). Rent paid down $310,500 of loan.
$371,979 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $341,410
- Monthly shortfalls, invested
- $47,082
$44,850 put into an index fund instead of the down payment and closing costs.
$7,067 you'd have paid in while the building lost money, invested instead.
The building comes out $1,121,976 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $1,462,498
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $284,000 of loan.
$630,890 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $621,541
$81,650 put into an index fund instead of the down payment and closing costs.
The building comes out $1,650,934 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $936,117
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $284,000 of loan.
$437,696 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $621,541
$81,650 put into an index fund instead of the down payment and closing costs.
The building comes out $1,124,554 ahead after 30 years.
- Your equity when you sell
- $787,162
- Rental profits, invested at 7%
- $1,522,829
Sells for $837,406 (value up 3% a year), minus 6% selling cost ($50,244). Rent paid down $276,000 of loan.
$650,051 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $604,032
$79,350 put into an index fund instead of the down payment and closing costs.
The building comes out $1,705,958 ahead after 30 years.
- Your equity when you sell
- $787,162
- Rental profits, invested at 7%
- $996,448
Sells for $837,406 (value up 3% a year), minus 6% selling cost ($50,244). Rent paid down $276,000 of loan.
$456,857 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $604,032
$79,350 put into an index fund instead of the down payment and closing costs.
The building comes out $1,179,577 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $1,596,357
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $266,250 of loan.
$673,403 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $756,658
$99,400 put into an index fund instead of the down payment and closing costs.
The building comes out $1,649,677 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $1,069,977
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $266,250 of loan.
$480,209 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $756,658
$99,400 put into an index fund instead of the down payment and closing costs.
The building comes out $1,123,296 ahead after 30 years.
- Your equity when you sell
- $787,162
- Rental profits, invested at 7%
- $1,652,918
Sells for $837,406 (value up 3% a year), minus 6% selling cost ($50,244). Rent paid down $258,750 of loan.
$691,366 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $735,344
$96,600 put into an index fund instead of the down payment and closing costs.
The building comes out $1,704,735 ahead after 30 years.
- Your equity when you sell
- $787,162
- Rental profits, invested at 7%
- $1,126,537
Sells for $837,406 (value up 3% a year), minus 6% selling cost ($50,244). Rent paid down $258,750 of loan.
$498,172 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $735,344
$96,600 put into an index fund instead of the down payment and closing costs.
The building comes out $1,178,355 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 $1.94M, stocks $351K. The property wins.
Year 30 (loan paid off): property $1.48M, stocks $419K. The property wins.
Year 30 (loan paid off): property $1.99M, stocks $341K. The property wins.
Year 30 (loan paid off): property $1.51M, stocks $388K. The property wins.
Year 30 (loan paid off): property $2.27M, stocks $622K. The property wins.
Year 30 (loan paid off): property $1.75M, stocks $622K. The property wins.
Year 30 (loan paid off): property $2.31M, stocks $604K. The property wins.
Year 30 (loan paid off): property $1.78M, stocks $604K. The property wins.
Year 30 (loan paid off): property $2.41M, stocks $757K. The property wins.
Year 30 (loan paid off): property $1.88M, stocks $757K. The property wins.
Year 30 (loan paid off): property $2.44M, stocks $735K. The property wins.
Year 30 (loan paid off): property $1.91M, stocks $735K. The property wins.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-05. The estimate above is RentCast's, weighted toward the closest matches.
3 bed / 1 bath estimate $2,000/mo · range $1,850–$2,150
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 2620 Emerson Ave N, Unit 2, Minneapolis 55411 off market | $1,900 | 3 / 1 | 0.2 mi | 94% |
| 1500 W Broadway Ave, Unit 3, Minneapolis 55411 off market | $1,700 | 3 / 1 | 0.4 mi | 93% |
| 1500 W Broadway Ave, Unit 2, Minneapolis 55411 off market | $1,700 | 3 / 1 | 0.4 mi | 93% |
| 1823 Girard Ave N, Minneapolis 55411 off market | $1,650 | 3 / 1 | 0.4 mi | 93% |
| 3118 Morgan Ave N, Minneapolis 55411 off market | $1,900 | 3 / 1 | 0.8 mi | 93% |
| 1616 Emerson Ave N, Minneapolis 55411 off market | $1,648 | 3 / 1 | 0.6 mi | 89% |
| 816 21st Ave N, Apt 335, Minneapolis 55411 | $2,065 | 3 / 1 | 0.3 mi | 89% |
| 816 21st Ave N, Apt 101, Minneapolis 55411 | $2,065 | 3 / 1 | 0.3 mi | 89% |
| 816 21st Ave N, Apt 107, Minneapolis 55411 | $1,788 | 3 / 1 | 0.3 mi | 89% |
| 816 21st Ave N, Apt 225, Minneapolis 55411 | $2,065 | 3 / 1 | 0.3 mi | 89% |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- highCash flow is negative at asking, so the deal depends on a price cut or rents above our estimate. Based on: data: underwriting.cash_flow_monthly · AI review
- mediumPrice is far above county value and the last sale. Cosmetic flip pricing needs proof the work was done properly. Based on: data: county.market_value · AI review
- mediumThe listing doesn't say what was done behind the finishes (wiring, plumbing, heating, roof) or whether permits were pulled. Listing says: This beautifully renovated 6-bedroom 2-bath duplex · AI review
Opportunities
- The seller bought for $120,000 in Nov 2019, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 1602924120020: last sale 2019-11-01, $120,000
- Large fenced corner lot could allow added parking or a garage, subject to city rules. Listing says: room for add-ons on this huge corner lot · AI review
- Minneapolis has no rent cap, so rents can follow the market. Based on: data: underwriting.rent_rule · AI review
- Turn-key condition should keep near-term repair costs low if the work is sound. Listing says: this turn-key duplex home is clean, stylish, and 100% ready · AI review
Questions for the agent
- Were permits pulled for the renovation, and who did the work?
- Are the units occupied? What are the current rents, lease terms and security deposits?
- How is each unit heated and metered? Who pays gas, electric and water?
- How old are the roof, furnace(s), water heaters and electrical panel?
- Why did the seller renovate and list now, and will they consider offers near $340K?
- Is the rental license transferable, and when was the last city inspection?
Bottom line
Clean rehab with two 3-beds, and at $355K it makes money on our rent estimate, so it's worth a look if the rents are real. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $4,056 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,733 |
| 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; "fully renovated" in the description: -1 pts each | 7% / 8% |
Price history Realtor.com
On the market since 2026-08-21 (45 days); down $10,000 (2.7%) from the first ask of $365,000; last sold for $120,000 on 2019-12-13; listed for rent at $1,950/mo on 2026-07-23.
| Date | Event | Price |
|---|---|---|
| Price changed | $355,000 | |
| Removed | — | |
| Listed | $365,000 | |
| Listed for rent | $1,950/mo | |
| Listed for rent | $1,750/mo | |
| Removed | — | |
| Listed for rent | $1,700/mo | |
| Removed | — | |
| Listed for rent | $1,700/mo | |
| Removed | — | |
| Listed for rent | $1,650/mo | |
| Sold public record | $120,000 | |
| Sold public record | $46,700 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1900 |
| Market value (2026) | $213,600 |
| Property tax | $4,056 |
| Special assessments | none |
| Homestead | no |
| Last sale | 2019-11-01 · $120,000 |
Source: Hennepin County parcel records.
City rental license
CHOWN: 2 unit(s), Tier 1, status active, renews 2027-03-01.
Nearest highway
I 94, about 855 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).