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2501 Blaisdell Ave

1 units · 1 units: 4 bed / 2 bath unit split estimated · 3,328 sq ft

Minneapolis, MN · Whittier · View the listing ↗

Far off

Photos, via Realtor.com.

Asking price
$425,900
1 units · $426K per unit
Monthly cash flow
−$1,550
at 20% down, 7%
Estimated rent
$2,275/mo
medium confidence
Break-even price
$134,693
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
$425,900
Cash to close
$97,957
Price per unit
$425,900
GRM
15.6

Each month

Cash flow
−$1,550/mo
Cash-on-cash
−19.0%
Cap rate
2.0%
DSCR
0.32×

Break-even

Price that breaks even
$134,693
Rent that breaks even
$4,288/mo

Long run

Year 30: property vs stocks
$972K vs $2.30M
Cash flow turns positive
not within 30 years

Monthly

Monthly breakdown

Rent$2,275
Vacancy (6%)−$136
Collected$2,138
Property tax Public record−$731
Insurance Estimate−$159
Water, sewer, trash Estimate−$85
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$182
Capital reserve (9% of rent)−$205
Net operating income$717
Mortgage (principal + interest)−$2,267
Cash flow−$1,550
Principal paid down (equity, not cash)$288

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$971,745
Your equity when you sell
$971,745

Sells for $1,033,771 (value up 3% a year), minus 6% selling cost ($62,026). Rent paid down $340,720 of loan.

Rental profits, invested at 7%
$0

$0 of cash flow over 30 years, plus what it earned invested.

Same money in stocks$2,295,352
Cash to close, invested at 7%
$745,674

$97,957 put into an index fund instead of the down payment and closing costs.

Monthly shortfalls, invested
$1,549,679

$457,037 you'd have paid in while the building lost money, invested instead.

Stocks come out $1,323,607 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 $972K, stocks $2.30M. Stocks win.

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.

4 bed / 2 bath estimate $2,275/mo · range $2,000–$2,550

AddressRentBd / BaSq ftDistanceListedMatch
2529 Pleasant Ave, Unit 2, Minneapolis 55404 $2,500 4 / 2 2,000 0.2 mi 2026-08-25 90%
214 24th St W, Unit 2, Minneapolis 55404 off market $2,195 4 / 2 2,000 0.2 mi 2026-08-27 90%
220 E 27th St, Minneapolis 55408 $2,600 4 / 1 2,516 0.4 mi 2026-04-04 89%
2449 Lyndale Ave S, Minneapolis 55405 $2,395 4 / 3 1,804 0.4 mi 2026-06-02 84%
2006 2nd Ave S, Apt 1, Minneapolis 55404 off market $2,100 3 / 2 2,100 0.4 mi 2025-12-05 81%
2550 Pillsbury Ave S, Minneapolis 55404 $1,950 3 / 2 2,000 0.2 mi 2026-07-10 81%
2215 2217 Grand Ave S, Minneapolis 55405 off market $2,100 3 / 2 2,000 0.3 mi 2026-01-22 80%
2315 Pleasant Ave, Minneapolis 55404 off market $1,765 3 / 1 — 0.2 mi 2026-05-29 79%
2111 2nd Ave S, Unit B1, Minneapolis 55404 off market $1,850 3 / 1 — 0.4 mi 2026-06-05 79%
2023 2nd Ave S, Minneapolis 55404 off market $1,799 3 / 1 — 0.4 mi 2026-03-03 79%

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

  • mediumAsking is $291,207 above the price where cash flow breaks even ($134,693) at the default scenario. Based on: Derived: price $425,900 vs. break-even $134,693

Opportunities

  • Long time on market: room to negotiate. Based on: Listing data: 181 days on market

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 Public recordHennepin County record, current payable year (non-homestead)$8,773
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$1,905
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid$85
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 2026-04-07 (181 days); down $14,000 (3.2%) from the first ask of $439,900.

DateEventPrice
Price changed$425,900
Removed$549,900
Listed$439,900

County record Public record

Recorded ascom use w dt model
Living units1
Year built1905
Market value (2026)$425,200
Property tax$8,773
Special assessmentsnone
Homesteadno
Last sale—

Source: Hennepin County parcel records.

City rental license

CHOWNEXMPT: 2 unit(s), Tier 1, status active, renews 2027-03-01.

Nearest highway

I 35W, about 680 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).