2631 Girard Ave N
Duplex · 2 units: 3 bed / 1 bath and 2 bed / 1 bath unit split estimated · 1,709 sq ft
Minneapolis, MN · Jordan · View the listing ↗
Photos courtesy of Keller Williams Realty, via Realtor.com.
- Asking price
- $289,900 2 units · $145K per unit
- Monthly cash flow
- $397 at 20% down, 7%
- Estimated rent
- $3,525/mo medium confidence
- Break-even price
- $364,549 where cash flow hits $0
First look
This is a freshly flipped Jordan duplex: a 2-bed down and 3-bed up, priced at $289,900 after the seller paid $195,000 in 2024. Our numbers show it cash flowing about $397/month with 20% down, an 8.0% cap rate and no rent cap, so it leaves some cushion at today's rates, though not a lot. The photos show new flooring, kitchens and paint, but the description gives no rents, no lease status and no mention of permits or mechanicals. Before a showing, ask what was done to justify the jump, whether the work was permitted, and the age of the furnace, roof and electrical panel. Stucco and a 1900 build also call for a good inspection. It's worth a look as long as the inspection and rents hold up.
Things to consider
- Price jumped 49% in 25 months A big markup after a cosmetic refresh means you're paying for the flip, not proven income. Verify the scope of work and permits.
- Positive cash flow at ask With roughly $397/month at 20% down, a vacancy or repair can still eat much of it. The break-even price is about $364,500, so the ask sits well below it.
- Mechanicals and structure are undocumented A 1900 stucco building with only cosmetic photos could hide old wiring, a worn furnace or moisture problems. Budget for a thorough inspection.From photo 1
- Taxes are billed as non-homestead The county shows a non-homestead bill of about $4,078, which is what an investor would pay, and it could reset higher after a sale at this price.
- Rent estimates are the only income evidence Our mid estimates are $1,950 for the 3-bed and $1,575 for the 2-bed. Confirm actual rents or market comps before relying on them.
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
- doneUpdated top to bottom, with recent updates throughoutListing says: Updated from top to bottom, this move-in ready property offers two well-appointed units
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
- $289,900
- Cash to close
- $37,687
- Price per unit
- $144,950
- GRM
- 6.9
Each month
- Cash flow
- $41/mo
- Cash-on-cash
- 1.3%
- Cap rate
- 8.0%
- DSCR
- 1.02×
Break-even
- Price that breaks even
- $296,216
- Rent that breaks even
- $3,471/mo
Long run
- Year 30: property vs stocks
- $1.59M vs $287K
- Cash flow turns positive
- year 1
The deal
- Price
- $289,900
- Cash to close
- $37,687
- Price per unit
- $144,950
- GRM
- 6.9
Each month
- Cash flow
- −$257/mo
- Cash-on-cash
- −8.2%
- Cap rate
- 6.8%
- DSCR
- 0.86×
Break-even
- Price that breaks even
- $250,688
- Rent that breaks even
- $3,900/mo
Long run
- Year 30: property vs stocks
- $1.19M vs $346K
- Cash flow turns positive
- year 5
The deal
- Price
- $279,900
- Cash to close
- $36,387
- Price per unit
- $139,950
- GRM
- 6.6
Each month
- Cash flow
- $107/mo
- Cash-on-cash
- 3.5%
- Cap rate
- 8.3%
- DSCR
- 1.06×
Break-even
- Price that breaks even
- $296,216
- Rent that breaks even
- $3,386/mo
Long run
- Year 30: property vs stocks
- $1.64M vs $277K
- Cash flow turns positive
- year 1
The deal
- Price
- $279,900
- Cash to close
- $36,387
- Price per unit
- $139,950
- GRM
- 6.6
Each month
- Cash flow
- −$191/mo
- Cash-on-cash
- −6.3%
- Cap rate
- 7.0%
- DSCR
- 0.90×
Break-even
- Price that breaks even
- $250,688
- Rent that breaks even
- $3,804/mo
Long run
- Year 30: property vs stocks
- $1.21M vs $316K
- Cash flow turns positive
- year 5
The deal
- Price
- $289,900
- Cash to close
- $66,677
- Price per unit
- $144,950
- GRM
- 6.9
Each month
- Cash flow
- $397/mo
- Cash-on-cash
- 7.2%
- Cap rate
- 8.0%
- DSCR
- 1.26×
Break-even
- Price that breaks even
- $364,549
- Rent that breaks even
- $3,009/mo
Long run
- Year 30: property vs stocks
- $1.86M vs $508K
- Cash flow turns positive
- year 1
The deal
- Price
- $289,900
- Cash to close
- $66,677
- Price per unit
- $144,950
- GRM
- 6.9
Each month
- Cash flow
- $99/mo
- Cash-on-cash
- 1.8%
- Cap rate
- 6.8%
- DSCR
- 1.06×
Break-even
- Price that breaks even
- $308,519
- Rent that breaks even
- $3,380/mo
Long run
- Year 30: property vs stocks
- $1.40M vs $508K
- Cash flow turns positive
- year 1
The deal
- Price
- $279,900
- Cash to close
- $64,377
- Price per unit
- $139,950
- GRM
- 6.6
Each month
- Cash flow
- $451/mo
- Cash-on-cash
- 8.4%
- Cap rate
- 8.3%
- DSCR
- 1.30×
Break-even
- Price that breaks even
- $364,549
- Rent that breaks even
- $2,940/mo
Long run
- Year 30: property vs stocks
- $1.90M vs $490K
- Cash flow turns positive
- year 1
The deal
- Price
- $279,900
- Cash to close
- $64,377
- Price per unit
- $139,950
- GRM
- 6.6
Each month
- Cash flow
- $152/mo
- Cash-on-cash
- 2.8%
- Cap rate
- 7.0%
- DSCR
- 1.10×
Break-even
- Price that breaks even
- $308,519
- Rent that breaks even
- $3,303/mo
Long run
- Year 30: property vs stocks
- $1.43M vs $490K
- Cash flow turns positive
- year 1
The deal
- Price
- $289,900
- Cash to close
- $81,172
- Price per unit
- $144,950
- GRM
- 6.9
Each month
- Cash flow
- $494/mo
- Cash-on-cash
- 7.3%
- Cap rate
- 8.0%
- DSCR
- 1.34×
Break-even
- Price that breaks even
- $388,852
- Rent that breaks even
- $2,884/mo
Long run
- Year 30: property vs stocks
- $1.97M vs $618K
- Cash flow turns positive
- year 1
The deal
- Price
- $289,900
- Cash to close
- $81,172
- Price per unit
- $144,950
- GRM
- 6.9
Each month
- Cash flow
- $196/mo
- Cash-on-cash
- 2.9%
- Cap rate
- 6.8%
- DSCR
- 1.14×
Break-even
- Price that breaks even
- $329,086
- Rent that breaks even
- $3,240/mo
Long run
- Year 30: property vs stocks
- $1.50M vs $618K
- Cash flow turns positive
- year 1
The deal
- Price
- $279,900
- Cash to close
- $78,372
- Price per unit
- $139,950
- GRM
- 6.6
Each month
- Cash flow
- $544/mo
- Cash-on-cash
- 8.3%
- Cap rate
- 8.3%
- DSCR
- 1.39×
Break-even
- Price that breaks even
- $388,852
- Rent that breaks even
- $2,819/mo
Long run
- Year 30: property vs stocks
- $2.00M vs $597K
- Cash flow turns positive
- year 1
The deal
- Price
- $279,900
- Cash to close
- $78,372
- Price per unit
- $139,950
- GRM
- 6.6
Each month
- Cash flow
- $245/mo
- Cash-on-cash
- 3.8%
- Cap rate
- 7.0%
- DSCR
- 1.18×
Break-even
- Price that breaks even
- $329,086
- Rent that breaks even
- $3,167/mo
Long run
- Year 30: property vs stocks
- $1.54M vs $597K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Net operating income | $1,940 |
| Mortgage (principal + interest) | −$1,736 |
| PMI | −$163 |
| Cash flow | $41 |
| Principal paid down (equity, not cash) | $221 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Property management | −$298 |
| Net operating income | $1,642 |
| Mortgage (principal + interest) | −$1,736 |
| PMI | −$163 |
| Cash flow | −$257 |
| Principal paid down (equity, not cash) | $221 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Net operating income | $1,940 |
| Mortgage (principal + interest) | −$1,676 |
| PMI | −$157 |
| Cash flow | $107 |
| Principal paid down (equity, not cash) | $213 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Property management | −$298 |
| Net operating income | $1,642 |
| Mortgage (principal + interest) | −$1,676 |
| PMI | −$157 |
| Cash flow | −$191 |
| Principal paid down (equity, not cash) | $213 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Net operating income | $1,940 |
| Mortgage (principal + interest) | −$1,543 |
| Cash flow | $397 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Property management | −$298 |
| Net operating income | $1,642 |
| Mortgage (principal + interest) | −$1,543 |
| Cash flow | $99 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Net operating income | $1,940 |
| Mortgage (principal + interest) | −$1,490 |
| Cash flow | $451 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Property management | −$298 |
| Net operating income | $1,642 |
| Mortgage (principal + interest) | −$1,490 |
| Cash flow | $152 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Net operating income | $1,940 |
| Mortgage (principal + interest) | −$1,447 |
| Cash flow | $494 |
| Principal paid down (equity, not cash) | $184 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Property management | −$298 |
| Net operating income | $1,642 |
| Mortgage (principal + interest) | −$1,447 |
| Cash flow | $196 |
| Principal paid down (equity, not cash) | $184 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Net operating income | $1,940 |
| Mortgage (principal + interest) | −$1,397 |
| Cash flow | $544 |
| Principal paid down (equity, not cash) | $178 |
| Rent | $3,525 |
| Vacancy (6%) | −$212 |
| Collected | $3,314 |
| Property tax Public record | −$340 |
| Insurance Estimate | −$204 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$282 |
| Capital reserve (9% of rent) | −$317 |
| Property management | −$298 |
| Net operating income | $1,642 |
| Mortgage (principal + interest) | −$1,397 |
| Cash flow | $245 |
| Principal paid down (equity, not cash) | $178 |
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
- $661,443
- Rental profits, invested at 7%
- $928,746
Sells for $703,663 (value up 3% a year), minus 6% selling cost ($42,220). Rent paid down $260,910 of loan.
$437,396 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $286,883
$37,687 put into an index fund instead of the down payment and closing costs.
The building comes out $1,303,306 ahead after 30 years.
- Your equity when you sell
- $661,443
- Rental profits, invested at 7%
- $524,113
Sells for $703,663 (value up 3% a year), minus 6% selling cost ($42,220). Rent paid down $260,910 of loan.
$276,145 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $286,883
- Monthly shortfalls, invested
- $59,240
$37,687 put into an index fund instead of the down payment and closing costs.
$9,001 you'd have paid in while the building lost money, invested instead.
The building comes out $839,433 ahead after 30 years.
- Your equity when you sell
- $638,628
- Rental profits, invested at 7%
- $998,359
Sells for $679,391 (value up 3% a year), minus 6% selling cost ($40,763). Rent paid down $251,910 of loan.
$459,222 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $276,987
$36,387 put into an index fund instead of the down payment and closing costs.
The building comes out $1,359,999 ahead after 30 years.
- Your equity when you sell
- $638,628
- Rental profits, invested at 7%
- $573,458
Sells for $679,391 (value up 3% a year), minus 6% selling cost ($40,763). Rent paid down $251,910 of loan.
$294,827 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $276,987
- Monthly shortfalls, invested
- $38,972
$36,387 put into an index fund instead of the down payment and closing costs.
$5,857 you'd have paid in while the building lost money, invested instead.
The building comes out $896,127 ahead after 30 years.
- Your equity when you sell
- $661,443
- Rental profits, invested at 7%
- $1,197,826
Sells for $703,663 (value up 3% a year), minus 6% selling cost ($42,220). Rent paid down $231,920 of loan.
$514,657 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $507,562
$66,677 put into an index fund instead of the down payment and closing costs.
The building comes out $1,351,708 ahead after 30 years.
- Your equity when you sell
- $661,443
- Rental profits, invested at 7%
- $733,954
Sells for $703,663 (value up 3% a year), minus 6% selling cost ($42,220). Rent paid down $231,920 of loan.
$344,405 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $507,562
$66,677 put into an index fund instead of the down payment and closing costs.
The building comes out $887,835 ahead after 30 years.
- Your equity when you sell
- $638,628
- Rental profits, invested at 7%
- $1,258,158
Sells for $679,391 (value up 3% a year), minus 6% selling cost ($40,763). Rent paid down $223,920 of loan.
$533,818 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $490,054
$64,377 put into an index fund instead of the down payment and closing costs.
The building comes out $1,406,731 ahead after 30 years.
- Your equity when you sell
- $638,628
- Rental profits, invested at 7%
- $794,285
Sells for $679,391 (value up 3% a year), minus 6% selling cost ($40,763). Rent paid down $223,920 of loan.
$363,566 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $490,054
$64,377 put into an index fund instead of the down payment and closing costs.
The building comes out $942,858 ahead after 30 years.
- Your equity when you sell
- $661,443
- Rental profits, invested at 7%
- $1,307,139
Sells for $703,663 (value up 3% a year), minus 6% selling cost ($42,220). Rent paid down $217,425 of loan.
$549,374 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $617,902
$81,172 put into an index fund instead of the down payment and closing costs.
The building comes out $1,350,681 ahead after 30 years.
- Your equity when you sell
- $661,443
- Rental profits, invested at 7%
- $843,266
Sells for $703,663 (value up 3% a year), minus 6% selling cost ($42,220). Rent paid down $217,425 of loan.
$379,122 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $617,902
$81,172 put into an index fund instead of the down payment and closing costs.
The building comes out $886,808 ahead after 30 years.
- Your equity when you sell
- $638,628
- Rental profits, invested at 7%
- $1,363,699
Sells for $679,391 (value up 3% a year), minus 6% selling cost ($40,763). Rent paid down $209,925 of loan.
$567,337 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $596,588
$78,372 put into an index fund instead of the down payment and closing costs.
The building comes out $1,405,739 ahead after 30 years.
- Your equity when you sell
- $638,628
- Rental profits, invested at 7%
- $899,827
Sells for $679,391 (value up 3% a year), minus 6% selling cost ($40,763). Rent paid down $209,925 of loan.
$397,085 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $596,588
$78,372 put into an index fund instead of the down payment and closing costs.
The building comes out $941,866 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 $1.59M, stocks $287K. The property wins.
Year 30 (loan paid off): property $1.19M, stocks $346K. The property wins.
Year 30 (loan paid off): property $1.64M, stocks $277K. The property wins.
Year 30 (loan paid off): property $1.21M, stocks $316K. The property wins.
Year 30 (loan paid off): property $1.86M, stocks $508K. The property wins.
Year 30 (loan paid off): property $1.40M, stocks $508K. The property wins.
Year 30 (loan paid off): property $1.90M, stocks $490K. The property wins.
Year 30 (loan paid off): property $1.43M, stocks $490K. The property wins.
Year 30 (loan paid off): property $1.97M, stocks $618K. The property wins.
Year 30 (loan paid off): property $1.50M, stocks $618K. The property wins.
Year 30 (loan paid off): property $2.00M, stocks $597K. The property wins.
Year 30 (loan paid off): property $1.54M, stocks $597K. 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 $1,950/mo · range $1,775–$2,100
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1616 Emerson Ave N, Minneapolis 55411 off market | $1,648 | 3 / 1 | 0.8 mi | 97% |
| 1510 22nd Ave N, Minneapolis 55411 off market | $1,670 | 3 / 1 | 0.4 mi | 97% |
| 816 21st Ave N, Apt 335, Minneapolis 55411 | $2,065 | 3 / 1 | 0.6 mi | 96% |
| 816 21st Ave N, Apt 225, Minneapolis 55411 | $2,065 | 3 / 1 | 0.6 mi | 96% |
| 816 21st Ave N, Apt 107, Minneapolis 55411 | $1,788 | 3 / 1 | 0.6 mi | 96% |
| 816 21st Ave N, Apt 226, Minneapolis 55411 | $2,065 | 3 / 1 | 0.6 mi | 96% |
| 816 21st Ave N, Apt 336, Minneapolis 55411 | $2,065 | 3 / 1 | 0.6 mi | 96% |
| 816 21st Ave N, Apt 101, Minneapolis 55411 | $2,065 | 3 / 1 | 0.6 mi | 96% |
| 1917 N Newton Ave, Unit 1919, Minneapolis 55411 off market | $1,850 | 3 / 1 | 0.7 mi | 94% |
| 1917 Newton Ave N, Fl 1, Minneapolis 55411 off market | $1,840 | 3 / 1 | 0.7 mi | 94% |
2 bed / 1 bath estimate $1,575/mo · range $1,325–$1,825
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1407 N Girard Ave, Unit 2, Minneapolis 55411 off market | $1,900 | 2 / 1 | 0.9 mi | 95% |
| 1411 N Girard Ave, Unit 1, Minneapolis 55411 off market | $1,900 | 2 / 1 | 0.9 mi | 94% |
| 3107 Dupont Ave N, Unit 1, Minneapolis 55411 off market | $1,550 | 2 / 1 | 0.4 mi | 93% |
| 2935 Aldrich Ave N, Unit 1, Minneapolis 55411 off market | $1,300 | 2 / 1 | 0.4 mi | 93% |
| 3318 N Penn Ave, Unit 3, Minneapolis 55412 off market | $1,100 | 2 / 1 | 0.8 mi | 93% |
| 816 21st Ave N, Apt 102, Minneapolis 55411 | $1,788 | 2 / 1 | 0.6 mi | 93% |
| 2900 Colfax Ave N, Minneapolis 55411 off market | $1,345 | 2 / 1 | 0.3 mi | 92% |
| 1812 Golden Valley Rd, Minneapolis 55411 off market | $1,450 | 2 / 1 | 0.6 mi | 91% |
| 2937-2939 Fremont Ave N, Minneapolis 55411 off market | $1,300 | 2 / 1 | 0.3 mi | 91% |
| 3241 N Humboldt Ave, Minneapolis 55412 off market | $1,400 | 2 / 1 | 0.5 mi | 90% |
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
- highCosmetic flip with no disclosed scope, permits or mechanical ages Listing says: Recent updates provide a fresh, modern feel throughout · AI review
- mediumBought for $195,000 in Sep 2024; asking is 49% more 25 months later. Ask what was done to justify the jump. Public record: Hennepin County parcel 0902924430178: last sale 2024-09-01, $195,000
- mediumNo rents or lease status given; may be vacant or tenant-occupied Listing says: allowing for immediate occupancy or leasing · AI review
- mediumPricing leaves no cash flow cushion at ask Based on: data: underwriting.cash_flow_monthly · AI review
Opportunities
- No rent cap in Minneapolis, so rents can follow the market Based on: data: underwriting.rent_rule · AI review
- Active rental license for 2 units is already in place Based on: data: city.rental_license · AI review
- Only 4 days on market, but the 49% jump over the 2024 sale price gives room to negotiate Based on: data: listing.days_on_market · AI review
Questions for the agent
- What work was done since the 2024 purchase, and were permits pulled?
- Are the units vacant or occupied, and what are the rents and lease terms?
- What are the ages of the furnace(s), water heater(s), roof and electrical panels?
- Is there one furnace or two, and are the utilities separately metered?
- Is the rental license transferable, and when was the last city inspection?
- Are there off-street parking or a garage?
Bottom line
Cleanly flipped duplex with positive cash flow at ask, so the hidden systems and actual rents need to be solid. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $4,078 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,450 |
| 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 | 8% / 9% |
Price history Realtor.com
On the market since 2026-08-04 (62 days); down $35,100 (10.8%) from the first ask of $325,000; last sold for $195,000 on 2024-09-18.
| Date | Event | Price |
|---|---|---|
| Listed | $289,900 | |
| Removed | $299,900 | |
| Price changed | $299,900 | |
| Listed | $325,000 | |
| Sold | $195,000 | |
| Listed | $199,900 | |
| Removed | — | |
| Price changed | $190,000 | |
| Listed | $195,000 | |
| Sold | $75,000 | |
| Listed | $99,900 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1900 |
| Market value (2026) | $214,700 |
| Property tax | $4,078 |
| Special assessments | none |
| Homestead | no |
| Last sale | 2024-09-01 · $195,000 |
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 1134 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).