2700 Pillsbury Ave S
Triplex · 3 units: 3 bed / 1.5 bath and 2 bed / 1.5 bath ×2 unit split estimated · 5,400 sq ft
Minneapolis, MN · Whittier · View the listing ↗
Photos courtesy of NRT-Minnesota (CB Burnet), via Realtor.com.
- Asking price
- $734,900 3 units · $245K per unit
- Monthly cash flow
- −$1,396 at 20% down, 7%
- Break-even price
- $472,559 where cash flow hits $0
First look
This is a big 1900 Tudor triplex in Whittier, and the numbers don't work at $734,900. Our rent estimates total about $5,525 a month, cash flow is around -$1,416 a month at 20% down, and the cap rate is 4.1%. Break-even is near $469K, so the ask is more than 50% above what the rents support. The listing gives no rents, no lease terms and no expenses, so ask for the rent roll and trailing-12 before anything else. The photos show a nicely finished top unit, but the building is 126 years old and has hot water heat, so check the boilers, wiring and roof. Only worth a showing if the seller will come down hard, given 127 days on market and a 2013 purchase at $250K.
Things to consider
- Price is far above what the rents support Ask is about $266K over break-even, and cash flow is deeply negative at today's rates. Any offer needs to be built from verified rents, not the list price.
- Rents are unverified The listing states no rents or leases, so the income side is only our estimate of about $5,525 a month. Get the rent roll before you spend time on this.
- High property tax drags on returns At $12,865 a year, tax alone eats roughly $1,070 a month. Check whether this is the non-homestead bill and whether an appeal is possible.
- Seller has a large cushion and the listing is stale They bought at $250K in 2013 and have sat 127 days, so there is room to negotiate well below ask.
- Age of the building and systems A 1900 building with hot water heat and unseen mechanicals can mean costly boiler, wiring, plumbing or masonry work. Inspect before pricing.Listing says: “Built in the Tudor Revival style in 1900”
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
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
- $734,900
- Cash to close
- $95,537
- Price per unit
- $244,967
- GRM
- 11.0
Each month
- Cash flow
- −$2,299/mo
- Cash-on-cash
- −28.9%
- Cap rate
- 4.1%
- DSCR
- 0.52×
Break-even
- Price that breaks even
- $383,981
- Rent that breaks even
- $8,535/mo
Long run
- Year 30: property vs stocks
- $1.73M vs $2.14M
- Cash flow turns positive
- year 23
The deal
- Price
- $734,900
- Cash to close
- $95,537
- Price per unit
- $244,967
- GRM
- 11.0
Each month
- Cash flow
- −$2,768/mo
- Cash-on-cash
- −34.8%
- Cap rate
- 3.3%
- DSCR
- 0.42×
Break-even
- Price that breaks even
- $312,299
- Rent that breaks even
- $9,589/mo
Long run
- Year 30: property vs stocks
- $1.68M vs $2.82M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $724,900
- Cash to close
- $94,237
- Price per unit
- $241,633
- GRM
- 10.9
Each month
- Cash flow
- −$2,233/mo
- Cash-on-cash
- −28.4%
- Cap rate
- 4.2%
- DSCR
- 0.53×
Break-even
- Price that breaks even
- $383,981
- Rent that breaks even
- $8,450/mo
Long run
- Year 30: property vs stocks
- $1.71M vs $2.07M
- Cash flow turns positive
- year 23
The deal
- Price
- $724,900
- Cash to close
- $94,237
- Price per unit
- $241,633
- GRM
- 10.9
Each month
- Cash flow
- −$2,703/mo
- Cash-on-cash
- −34.4%
- Cap rate
- 3.4%
- DSCR
- 0.43×
Break-even
- Price that breaks even
- $312,299
- Rent that breaks even
- $9,493/mo
Long run
- Year 30: property vs stocks
- $1.65M vs $2.74M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $734,900
- Cash to close
- $169,027
- Price per unit
- $244,967
- GRM
- 11.0
Each month
- Cash flow
- −$1,396/mo
- Cash-on-cash
- −9.9%
- Cap rate
- 4.1%
- DSCR
- 0.64×
Break-even
- Price that breaks even
- $472,559
- Rent that breaks even
- $7,363/mo
Long run
- Year 30: property vs stocks
- $1.81M vs $2.10M
- Cash flow turns positive
- year 19
The deal
- Price
- $734,900
- Cash to close
- $169,027
- Price per unit
- $244,967
- GRM
- 11.0
Each month
- Cash flow
- −$1,866/mo
- Cash-on-cash
- −13.2%
- Cap rate
- 3.3%
- DSCR
- 0.52×
Break-even
- Price that breaks even
- $384,342
- Rent that breaks even
- $8,272/mo
Long run
- Year 30: property vs stocks
- $1.68M vs $2.71M
- Cash flow turns positive
- year 28
The deal
- Price
- $724,900
- Cash to close
- $166,727
- Price per unit
- $241,633
- GRM
- 10.9
Each month
- Cash flow
- −$1,343/mo
- Cash-on-cash
- −9.7%
- Cap rate
- 4.2%
- DSCR
- 0.65×
Break-even
- Price that breaks even
- $472,559
- Rent that breaks even
- $7,294/mo
Long run
- Year 30: property vs stocks
- $1.80M vs $2.04M
- Cash flow turns positive
- year 18
The deal
- Price
- $724,900
- Cash to close
- $166,727
- Price per unit
- $241,633
- GRM
- 10.9
Each month
- Cash flow
- −$1,813/mo
- Cash-on-cash
- −13.0%
- Cap rate
- 3.4%
- DSCR
- 0.53×
Break-even
- Price that breaks even
- $384,342
- Rent that breaks even
- $8,195/mo
Long run
- Year 30: property vs stocks
- $1.66M vs $2.63M
- Cash flow turns positive
- year 27
The deal
- Price
- $734,900
- Cash to close
- $205,772
- Price per unit
- $244,967
- GRM
- 11.0
Each month
- Cash flow
- −$1,152/mo
- Cash-on-cash
- −6.7%
- Cap rate
- 4.1%
- DSCR
- 0.69×
Break-even
- Price that breaks even
- $504,063
- Rent that breaks even
- $7,046/mo
Long run
- Year 30: property vs stocks
- $1.88M vs $2.17M
- Cash flow turns positive
- year 16
The deal
- Price
- $734,900
- Cash to close
- $205,772
- Price per unit
- $244,967
- GRM
- 11.0
Each month
- Cash flow
- −$1,621/mo
- Cash-on-cash
- −9.5%
- Cap rate
- 3.3%
- DSCR
- 0.56×
Break-even
- Price that breaks even
- $409,965
- Rent that breaks even
- $7,916/mo
Long run
- Year 30: property vs stocks
- $1.70M vs $2.73M
- Cash flow turns positive
- year 25
The deal
- Price
- $724,900
- Cash to close
- $202,972
- Price per unit
- $241,633
- GRM
- 10.9
Each month
- Cash flow
- −$1,102/mo
- Cash-on-cash
- −6.5%
- Cap rate
- 4.2%
- DSCR
- 0.70×
Break-even
- Price that breaks even
- $504,063
- Rent that breaks even
- $6,981/mo
Long run
- Year 30: property vs stocks
- $1.87M vs $2.11M
- Cash flow turns positive
- year 15
The deal
- Price
- $724,900
- Cash to close
- $202,972
- Price per unit
- $241,633
- GRM
- 10.9
Each month
- Cash flow
- −$1,571/mo
- Cash-on-cash
- −9.3%
- Cap rate
- 3.4%
- DSCR
- 0.57×
Break-even
- Price that breaks even
- $409,965
- Rent that breaks even
- $7,843/mo
Long run
- Year 30: property vs stocks
- $1.68M vs $2.65M
- Cash flow turns positive
- year 24
Monthly
Monthly breakdown
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Net operating income | $2,515 |
| Mortgage (principal + interest) | −$4,400 |
| PMI | −$413 |
| Cash flow | −$2,299 |
| Principal paid down (equity, not cash) | $560 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Property management | −$470 |
| Net operating income | $2,046 |
| Mortgage (principal + interest) | −$4,400 |
| PMI | −$413 |
| Cash flow | −$2,768 |
| Principal paid down (equity, not cash) | $560 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Net operating income | $2,515 |
| Mortgage (principal + interest) | −$4,341 |
| PMI | −$408 |
| Cash flow | −$2,233 |
| Principal paid down (equity, not cash) | $552 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Property management | −$470 |
| Net operating income | $2,046 |
| Mortgage (principal + interest) | −$4,341 |
| PMI | −$408 |
| Cash flow | −$2,703 |
| Principal paid down (equity, not cash) | $552 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Net operating income | $2,515 |
| Mortgage (principal + interest) | −$3,911 |
| Cash flow | −$1,396 |
| Principal paid down (equity, not cash) | $498 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Property management | −$470 |
| Net operating income | $2,046 |
| Mortgage (principal + interest) | −$3,911 |
| Cash flow | −$1,866 |
| Principal paid down (equity, not cash) | $498 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Net operating income | $2,515 |
| Mortgage (principal + interest) | −$3,858 |
| Cash flow | −$1,343 |
| Principal paid down (equity, not cash) | $491 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Property management | −$470 |
| Net operating income | $2,046 |
| Mortgage (principal + interest) | −$3,858 |
| Cash flow | −$1,813 |
| Principal paid down (equity, not cash) | $491 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Net operating income | $2,515 |
| Mortgage (principal + interest) | −$3,667 |
| Cash flow | −$1,152 |
| Principal paid down (equity, not cash) | $467 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Property management | −$470 |
| Net operating income | $2,046 |
| Mortgage (principal + interest) | −$3,667 |
| Cash flow | −$1,621 |
| Principal paid down (equity, not cash) | $467 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Net operating income | $2,515 |
| Mortgage (principal + interest) | −$3,617 |
| Cash flow | −$1,102 |
| Principal paid down (equity, not cash) | $460 |
| Rent | $5,550 |
| Vacancy (6%) | −$333 |
| Collected | $5,217 |
| Property tax Public record | −$1,072 |
| Insurance Estimate | −$371 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$444 |
| Capital reserve (9% of rent) | −$500 |
| Property management | −$470 |
| Net operating income | $2,046 |
| Mortgage (principal + interest) | −$3,617 |
| Cash flow | −$1,571 |
| Principal paid down (equity, not cash) | $460 |
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
- $1,676,767
- Rental profits, invested at 7%
- $51,387
Sells for $1,783,795 (value up 3% a year), minus 6% selling cost ($107,028). Rent paid down $661,410 of loan.
$44,239 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $727,252
- Monthly shortfalls, invested
- $1,416,850
$95,537 put into an index fund instead of the down payment and closing costs.
$297,698 you'd have paid in while the building lost money, invested instead.
Stocks come out $415,948 ahead after 30 years.
- Your equity when you sell
- $1,676,767
- Rental profits, invested at 7%
- $0
Sells for $1,783,795 (value up 3% a year), minus 6% selling cost ($107,028). Rent paid down $661,410 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $727,252
- Monthly shortfalls, invested
- $2,095,816
$95,537 put into an index fund instead of the down payment and closing costs.
$521,516 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,146,301 ahead after 30 years.
- Your equity when you sell
- $1,653,952
- Rental profits, invested at 7%
- $58,759
Sells for $1,759,523 (value up 3% a year), minus 6% selling cost ($105,571). Rent paid down $652,410 of loan.
$49,987 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $717,356
- Monthly shortfalls, invested
- $1,354,609
$94,237 put into an index fund instead of the down payment and closing costs.
$281,620 you'd have paid in while the building lost money, invested instead.
Stocks come out $359,255 ahead after 30 years.
- Your equity when you sell
- $1,653,952
- Rental profits, invested at 7%
- $0
Sells for $1,759,523 (value up 3% a year), minus 6% selling cost ($105,571). Rent paid down $652,410 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $717,356
- Monthly shortfalls, invested
- $2,026,203
$94,237 put into an index fund instead of the down payment and closing costs.
$499,691 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,089,608 ahead after 30 years.
- Your equity when you sell
- $1,676,767
- Rental profits, invested at 7%
- $134,221
Sells for $1,783,795 (value up 3% a year), minus 6% selling cost ($107,028). Rent paid down $587,920 of loan.
$103,477 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,286,677
- Monthly shortfalls, invested
- $817,561
$169,027 put into an index fund instead of the down payment and closing costs.
$161,079 you'd have paid in while the building lost money, invested instead.
Stocks come out $293,250 ahead after 30 years.
- Your equity when you sell
- $1,676,767
- Rental profits, invested at 7%
- $6,978
Sells for $1,783,795 (value up 3% a year), minus 6% selling cost ($107,028). Rent paid down $587,920 of loan.
$6,672 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,286,677
- Monthly shortfalls, invested
- $1,420,671
$169,027 put into an index fund instead of the down payment and closing costs.
$332,330 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,023,603 ahead after 30 years.
- Your equity when you sell
- $1,653,952
- Rental profits, invested at 7%
- $146,986
Sells for $1,759,523 (value up 3% a year), minus 6% selling cost ($105,571). Rent paid down $579,920 of loan.
$111,737 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,269,168
- Monthly shortfalls, invested
- $769,995
$166,727 put into an index fund instead of the down payment and closing costs.
$150,178 you'd have paid in while the building lost money, invested instead.
Stocks come out $238,226 ahead after 30 years.
- Your equity when you sell
- $1,653,952
- Rental profits, invested at 7%
- $9,686
Sells for $1,759,523 (value up 3% a year), minus 6% selling cost ($105,571). Rent paid down $579,920 of loan.
$9,122 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,269,168
- Monthly shortfalls, invested
- $1,363,048
$166,727 put into an index fund instead of the down payment and closing costs.
$315,621 you'd have paid in while the building lost money, invested instead.
Stocks come out $968,580 ahead after 30 years.
- Your equity when you sell
- $1,676,767
- Rental profits, invested at 7%
- $198,704
Sells for $1,783,795 (value up 3% a year), minus 6% selling cost ($107,028). Rent paid down $551,175 of loan.
$143,814 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,566,389
- Monthly shortfalls, invested
- $604,935
$205,772 put into an index fund instead of the down payment and closing costs.
$113,408 you'd have paid in while the building lost money, invested instead.
Stocks come out $295,853 ahead after 30 years.
- Your equity when you sell
- $1,676,767
- Rental profits, invested at 7%
- $22,969
Sells for $1,783,795 (value up 3% a year), minus 6% selling cost ($107,028). Rent paid down $551,175 of loan.
$20,619 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,566,389
- Monthly shortfalls, invested
- $1,159,554
$205,772 put into an index fund instead of the down payment and closing costs.
$258,271 you'd have paid in while the building lost money, invested instead.
Stocks come out $1,026,206 ahead after 30 years.
- Your equity when you sell
- $1,653,952
- Rental profits, invested at 7%
- $213,775
Sells for $1,759,523 (value up 3% a year), minus 6% selling cost ($105,571). Rent paid down $543,675 of loan.
$152,804 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,545,075
- Monthly shortfalls, invested
- $563,446
$202,972 put into an index fund instead of the down payment and closing costs.
$104,435 you'd have paid in while the building lost money, invested instead.
Stocks come out $240,795 ahead after 30 years.
- Your equity when you sell
- $1,653,952
- Rental profits, invested at 7%
- $27,455
Sells for $1,759,523 (value up 3% a year), minus 6% selling cost ($105,571). Rent paid down $543,675 of loan.
$24,347 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,545,075
- Monthly shortfalls, invested
- $1,107,479
$202,972 put into an index fund instead of the down payment and closing costs.
$244,036 you'd have paid in while the building lost money, invested instead.
Stocks come out $971,147 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 $1.73M, stocks $2.14M. Stocks win.
Year 30 (loan paid off): property $1.68M, stocks $2.82M. Stocks win.
Year 30 (loan paid off): property $1.71M, stocks $2.07M. Stocks win.
Year 30 (loan paid off): property $1.65M, stocks $2.74M. Stocks win.
Year 30 (loan paid off): property $1.81M, stocks $2.10M. Stocks win.
Year 30 (loan paid off): property $1.68M, stocks $2.71M. Stocks win.
Year 30 (loan paid off): property $1.80M, stocks $2.04M. Stocks win.
Year 30 (loan paid off): property $1.66M, stocks $2.63M. Stocks win.
Year 30 (loan paid off): property $1.88M, stocks $2.17M. Stocks win.
Year 30 (loan paid off): property $1.70M, stocks $2.73M. Stocks win.
Year 30 (loan paid off): property $1.87M, stocks $2.11M. Stocks win.
Year 30 (loan paid off): property $1.68M, stocks $2.65M. Stocks win.
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 $1,900/mo · range $1,725–$1,975 · 9 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 2550 Pillsbury Ave S, Minneapolis | $1,950 | 3 / 2 | 0.1 mi |
| 2821 1st Ave S, Minneapolis | $1,600 | 3 / 1 | 0.3 mi |
| 711 W 28th St, Minneapolis | $1,595 | 3 / 1 | 0.4 mi |
| 2415 Harriet Ave, Minneapolis | $1,695 | 3 / 1 | 0.4 mi |
| 200 E 27th St, Minneapolis | $1,835 | 3 / 1 | 0.4 mi |
| 2200 Harriet Ave S, Minneapolis | $1,850 | 3 / 1 | 0.5 mi |
| 705 W 31st St, Minneapolis | $1,775 | 3 / 1 | 0.6 mi |
| 3208 Blaisdell Ave Apt 3, Minneapolis | $1,750 | 3 / 1 | 0.7 mi |
| 400 W Franklin Ave Apt 2, Minneapolis | $1,495 | 3 / 2 | 0.7 mi |
2 bed estimate $1,825/mo · range $1,425–$2,300 · 25 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 2611 Pleasant Ave, Minneapolis | $1,430 | 2 / 1 | 0.1 mi |
| 2800 Grand Ave S, Minneapolis | $1,195 | 2 / 1 | 0.2 mi |
| 2530 Blaisdell Ave, Minneapolis | $1,095 | 2 / 1 | 0.2 mi |
| 2525 Harriet Ave, Minneapolis | $1,495 | 2 / 1 | 0.3 mi |
| 607 W 28th St, Minneapolis | $2,125 | 2 / 2 | 0.3 mi |
| 2621 Lyndale Ave S, Minneapolis | $2,565 | 2 / 2 | 0.3 mi |
| 2421 Pillsbury Ave S, Minneapolis | $1,195 | 2 / 1 | 0.3 mi |
| 2833 Lyndale Ave S, Minneapolis | $2,144 | 2 / 1 | 0.3 mi |
| 2448 1st Ave S Apt 7, Minneapolis | $1,495 | 2 / 1 | 0.4 mi |
| 2941 Harriet Ave S, Minneapolis | $1,425 | 2 / 1 | 0.4 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
- highDescription gives no rents, lease terms, or expenses, so income is unverified. Listing says: A rare investment opportunity with substantial space and long-term upside. · AI review
- mediumAsking is $262,341 above the price where cash flow breaks even ($472,559) at the default scenario. Based on: Derived: price $734,900 vs. break-even $472,559
- mediumProperty tax is very high at $12,865 and the listing does not say which tax basis it reflects. Based on: data: county.tax · AI review
Opportunities
- The seller bought for $250,000 in May 2013, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 3402924310054: last sale 2013-05-01, $250,000
- Long time on market: room to negotiate. Based on: Listing data: 130 days on market
- No rent cap in Minneapolis, so rents can rise to market after turnover or updates. Based on: data: underwriting.rent_rule · AI review
Questions for the agent
- Can you send the current rent roll, lease copies and trailing-12 expenses?
- Are tenants on leases or month-to-month, and when do the leases end?
- What type and age are the heating systems, water heaters and electrical panels for each unit?
- Who pays heat, water, trash and electric, and are the heat systems truly separate?
- What is the roof age, and have the foundation and masonry been inspected?
- Why has it sat 127 days, and has the price been cut?
Bottom line
Pretty building, but at $734,900 it loses about $1,400 a month on our numbers, so it only works at a far lower price. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $12,865 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $4,455 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $255 |
| 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 2026-05-28 (130 days); down $65,000 (8.1%) from the first ask of $799,900; last sold for $250,000 on 2013-06-03.
| Date | Event | Price |
|---|---|---|
| Price changed | $734,900 | |
| Relisted | $749,900 | |
| Removed | — | |
| Listed | $799,900 | |
| Sold | $250,000 | |
| Price changed | $319,900 | |
| Listed | $339,900 | |
| Sold public record | $455,000 | |
| Sold public record | $107,000 |
County record Public record
| Recorded as | triplex |
| Living units | 3 |
| Year built | 1900 |
| Market value (2026) | $680,100 |
| Property tax | $12,865 |
| Special assessments | none |
| Homestead | no |
| Last sale | 2013-05-01 · $250,000 |
Source: Hennepin County parcel records.
City rental license
CHOWN: 3 unit(s), Tier 1, status active, renews 2027-03-01.
Nearest highway
I 35W, about 648 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).