2814 Colfax Ave S
Duplex · 2 units: 4 bed / 1 bath and 3 bed / 1 bath unit split estimated · 2,824 sq ft
Minneapolis, MN · Lowry Hill East · View the listing ↗
Photos courtesy of RES Realty - Broker, via Realtor.com.
- Asking price
- $489,000 2 units · $244K per unit
- Monthly cash flow
- −$952 at 20% down, 7%
- Break-even price
- $310,047 where cash flow hits $0
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
- $489,000
- Cash to close
- $63,570
- Price per unit
- $244,500
- GRM
- 9.1
Each month
- Cash flow
- −$1,553/mo
- Cash-on-cash
- −29.3%
- Cap rate
- 4.0%
- DSCR
- 0.52×
Break-even
- Price that breaks even
- $251,930
- Rent that breaks even
- $6,517/mo
Long run
- Year 30: property vs stocks
- $1.13M vs $1.50M
- Cash flow turns positive
- year 26
The deal
- Price
- $489,000
- Cash to close
- $63,570
- Price per unit
- $244,500
- GRM
- 9.1
Each month
- Cash flow
- −$1,934/mo
- Cash-on-cash
- −36.5%
- Cap rate
- 3.1%
- DSCR
- 0.40×
Break-even
- Price that breaks even
- $193,810
- Rent that breaks even
- $7,321/mo
Long run
- Year 30: property vs stocks
- $1.12M vs $2.08M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $479,000
- Cash to close
- $62,270
- Price per unit
- $239,500
- GRM
- 8.9
Each month
- Cash flow
- −$1,487/mo
- Cash-on-cash
- −28.7%
- Cap rate
- 4.1%
- DSCR
- 0.53×
Break-even
- Price that breaks even
- $251,930
- Rent that breaks even
- $6,432/mo
Long run
- Year 30: property vs stocks
- $1.11M vs $1.42M
- Cash flow turns positive
- year 25
The deal
- Price
- $479,000
- Cash to close
- $62,270
- Price per unit
- $239,500
- GRM
- 8.9
Each month
- Cash flow
- −$1,868/mo
- Cash-on-cash
- −36.0%
- Cap rate
- 3.2%
- DSCR
- 0.40×
Break-even
- Price that breaks even
- $193,810
- Rent that breaks even
- $7,225/mo
Long run
- Year 30: property vs stocks
- $1.09M vs $2.00M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $489,000
- Cash to close
- $112,470
- Price per unit
- $244,500
- GRM
- 9.1
Each month
- Cash flow
- −$952/mo
- Cash-on-cash
- −10.2%
- Cap rate
- 4.0%
- DSCR
- 0.63×
Break-even
- Price that breaks even
- $310,047
- Rent that breaks even
- $5,737/mo
Long run
- Year 30: property vs stocks
- $1.17M vs $1.46M
- Cash flow turns positive
- year 21
The deal
- Price
- $489,000
- Cash to close
- $112,470
- Price per unit
- $244,500
- GRM
- 9.1
Each month
- Cash flow
- −$1,333/mo
- Cash-on-cash
- −14.2%
- Cap rate
- 3.1%
- DSCR
- 0.49×
Break-even
- Price that breaks even
- $238,519
- Rent that breaks even
- $6,445/mo
Long run
- Year 30: property vs stocks
- $1.12M vs $2.00M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $479,000
- Cash to close
- $110,170
- Price per unit
- $239,500
- GRM
- 8.9
Each month
- Cash flow
- −$899/mo
- Cash-on-cash
- −9.8%
- Cap rate
- 4.1%
- DSCR
- 0.65×
Break-even
- Price that breaks even
- $310,047
- Rent that breaks even
- $5,668/mo
Long run
- Year 30: property vs stocks
- $1.15M vs $1.39M
- Cash flow turns positive
- year 20
The deal
- Price
- $479,000
- Cash to close
- $110,170
- Price per unit
- $239,500
- GRM
- 8.9
Each month
- Cash flow
- −$1,280/mo
- Cash-on-cash
- −13.9%
- Cap rate
- 3.2%
- DSCR
- 0.50×
Break-even
- Price that breaks even
- $238,519
- Rent that breaks even
- $6,367/mo
Long run
- Year 30: property vs stocks
- $1.09M vs $1.92M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $489,000
- Cash to close
- $136,920
- Price per unit
- $244,500
- GRM
- 9.1
Each month
- Cash flow
- −$790/mo
- Cash-on-cash
- −6.9%
- Cap rate
- 4.0%
- DSCR
- 0.68×
Break-even
- Price that breaks even
- $330,717
- Rent that breaks even
- $5,526/mo
Long run
- Year 30: property vs stocks
- $1.20M vs $1.49M
- Cash flow turns positive
- year 18
The deal
- Price
- $489,000
- Cash to close
- $136,920
- Price per unit
- $244,500
- GRM
- 9.1
Each month
- Cash flow
- −$1,170/mo
- Cash-on-cash
- −10.3%
- Cap rate
- 3.1%
- DSCR
- 0.52×
Break-even
- Price that breaks even
- $254,421
- Rent that breaks even
- $6,208/mo
Long run
- Year 30: property vs stocks
- $1.12M vs $2.00M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $479,000
- Cash to close
- $134,120
- Price per unit
- $239,500
- GRM
- 8.9
Each month
- Cash flow
- −$740/mo
- Cash-on-cash
- −6.6%
- Cap rate
- 4.1%
- DSCR
- 0.69×
Break-even
- Price that breaks even
- $330,717
- Rent that breaks even
- $5,461/mo
Long run
- Year 30: property vs stocks
- $1.19M vs $1.43M
- Cash flow turns positive
- year 17
The deal
- Price
- $479,000
- Cash to close
- $134,120
- Price per unit
- $239,500
- GRM
- 8.9
Each month
- Cash flow
- −$1,121/mo
- Cash-on-cash
- −10.0%
- Cap rate
- 3.2%
- DSCR
- 0.53×
Break-even
- Price that breaks even
- $254,421
- Rent that breaks even
- $6,135/mo
Long run
- Year 30: property vs stocks
- $1.09M vs $1.92M
- Cash flow turns positive
- not within 30 years
Monthly
Monthly breakdown
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Net operating income | $1,650 |
| Mortgage (principal + interest) | −$2,928 |
| PMI | −$275 |
| Cash flow | −$1,553 |
| Principal paid down (equity, not cash) | $373 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Property management | −$381 |
| Net operating income | $1,270 |
| Mortgage (principal + interest) | −$2,928 |
| PMI | −$275 |
| Cash flow | −$1,934 |
| Principal paid down (equity, not cash) | $373 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Net operating income | $1,650 |
| Mortgage (principal + interest) | −$2,868 |
| PMI | −$269 |
| Cash flow | −$1,487 |
| Principal paid down (equity, not cash) | $365 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Property management | −$381 |
| Net operating income | $1,270 |
| Mortgage (principal + interest) | −$2,868 |
| PMI | −$269 |
| Cash flow | −$1,868 |
| Principal paid down (equity, not cash) | $365 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Net operating income | $1,650 |
| Mortgage (principal + interest) | −$2,603 |
| Cash flow | −$952 |
| Principal paid down (equity, not cash) | $331 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Property management | −$381 |
| Net operating income | $1,270 |
| Mortgage (principal + interest) | −$2,603 |
| Cash flow | −$1,333 |
| Principal paid down (equity, not cash) | $331 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Net operating income | $1,650 |
| Mortgage (principal + interest) | −$2,549 |
| Cash flow | −$899 |
| Principal paid down (equity, not cash) | $324 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Property management | −$381 |
| Net operating income | $1,270 |
| Mortgage (principal + interest) | −$2,549 |
| Cash flow | −$1,280 |
| Principal paid down (equity, not cash) | $324 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Net operating income | $1,650 |
| Mortgage (principal + interest) | −$2,440 |
| Cash flow | −$790 |
| Principal paid down (equity, not cash) | $310 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Property management | −$381 |
| Net operating income | $1,270 |
| Mortgage (principal + interest) | −$2,440 |
| Cash flow | −$1,170 |
| Principal paid down (equity, not cash) | $310 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Net operating income | $1,650 |
| Mortgage (principal + interest) | −$2,390 |
| Cash flow | −$740 |
| Principal paid down (equity, not cash) | $304 |
| Rent | $4,500 |
| Vacancy (6%) | −$270 |
| Collected | $4,230 |
| Property tax Listing | −$1,355 |
| Insurance Estimate | −$230 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$360 |
| Capital reserve (9% of rent) | −$405 |
| Property management | −$381 |
| Net operating income | $1,270 |
| Mortgage (principal + interest) | −$2,390 |
| Cash flow | −$1,121 |
| Principal paid down (equity, not cash) | $304 |
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
- $1,115,715
- Rental profits, invested at 7%
- $11,483
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $440,100 of loan.
$10,546 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $483,911
- Monthly shortfalls, invested
- $1,015,801
$63,570 put into an index fund instead of the down payment and closing costs.
$223,860 you'd have paid in while the building lost money, invested instead.
Stocks come out $372,514 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $0
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $440,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $483,911
- Monthly shortfalls, invested
- $1,596,496
$63,570 put into an index fund instead of the down payment and closing costs.
$430,657 you'd have paid in while the building lost money, invested instead.
Stocks come out $964,692 ahead after 30 years.
- Your equity when you sell
- $1,092,899
- Rental profits, invested at 7%
- $16,149
Sells for $1,162,659 (value up 3% a year), minus 6% selling cost ($69,760). Rent paid down $431,100 of loan.
$14,520 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $474,015
- Monthly shortfalls, invested
- $950,854
$62,270 put into an index fund instead of the down payment and closing costs.
$206,008 you'd have paid in while the building lost money, invested instead.
Stocks come out $315,821 ahead after 30 years.
- Your equity when you sell
- $1,092,899
- Rental profits, invested at 7%
- $0
Sells for $1,162,659 (value up 3% a year), minus 6% selling cost ($69,760). Rent paid down $431,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $474,015
- Monthly shortfalls, invested
- $1,526,883
$62,270 put into an index fund instead of the down payment and closing costs.
$408,832 you'd have paid in while the building lost money, invested instead.
Stocks come out $907,999 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $49,522
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $391,200 of loan.
$40,242 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $856,150
- Monthly shortfalls, invested
- $599,959
$112,470 put into an index fund instead of the down payment and closing costs.
$123,233 you'd have paid in while the building lost money, invested instead.
Stocks come out $290,871 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $0
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $391,200 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $856,150
- Monthly shortfalls, invested
- $1,142,614
$112,470 put into an index fund instead of the down payment and closing costs.
$300,335 you'd have paid in while the building lost money, invested instead.
Stocks come out $883,050 ahead after 30 years.
- Your equity when you sell
- $1,092,899
- Rental profits, invested at 7%
- $59,232
Sells for $1,162,659 (value up 3% a year), minus 6% selling cost ($69,760). Rent paid down $383,200 of loan.
$47,079 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $838,642
- Monthly shortfalls, invested
- $549,337
$110,170 put into an index fund instead of the down payment and closing costs.
$110,909 you'd have paid in while the building lost money, invested instead.
Stocks come out $235,848 ahead after 30 years.
- Your equity when you sell
- $1,092,899
- Rental profits, invested at 7%
- $0
Sells for $1,162,659 (value up 3% a year), minus 6% selling cost ($69,760). Rent paid down $383,200 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $838,642
- Monthly shortfalls, invested
- $1,082,283
$110,170 put into an index fund instead of the down payment and closing costs.
$281,174 you'd have paid in while the building lost money, invested instead.
Stocks come out $828,026 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $82,997
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $366,750 of loan.
$62,942 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,042,270
- Monthly shortfalls, invested
- $449,046
$136,920 put into an index fund instead of the down payment and closing costs.
$87,373 you'd have paid in while the building lost money, invested instead.
Stocks come out $292,603 ahead after 30 years.
- Your equity when you sell
- $1,115,715
- Rental profits, invested at 7%
- $0
Sells for $1,186,931 (value up 3% a year), minus 6% selling cost ($71,216). Rent paid down $366,750 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,042,270
- Monthly shortfalls, invested
- $958,227
$136,920 put into an index fund instead of the down payment and closing costs.
$241,775 you'd have paid in while the building lost money, invested instead.
Stocks come out $884,782 ahead after 30 years.
- Your equity when you sell
- $1,092,899
- Rental profits, invested at 7%
- $95,733
Sells for $1,162,659 (value up 3% a year), minus 6% selling cost ($69,760). Rent paid down $359,250 of loan.
$71,007 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,020,956
- Monthly shortfalls, invested
- $405,221
$134,120 put into an index fund instead of the down payment and closing costs.
$77,475 you'd have paid in while the building lost money, invested instead.
Stocks come out $237,545 ahead after 30 years.
- Your equity when you sell
- $1,092,899
- Rental profits, invested at 7%
- $0
Sells for $1,162,659 (value up 3% a year), minus 6% selling cost ($69,760). Rent paid down $359,250 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,020,956
- Monthly shortfalls, invested
- $901,666
$134,120 put into an index fund instead of the down payment and closing costs.
$223,811 you'd have paid in while the building lost money, invested instead.
Stocks come out $829,723 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 $1.13M, stocks $1.50M. Stocks win.
Year 30 (loan paid off): property $1.12M, stocks $2.08M. Stocks win.
Year 30 (loan paid off): property $1.11M, stocks $1.42M. Stocks win.
Year 30 (loan paid off): property $1.09M, stocks $2.00M. Stocks win.
Year 30 (loan paid off): property $1.17M, stocks $1.46M. Stocks win.
Year 30 (loan paid off): property $1.12M, stocks $2.00M. Stocks win.
Year 30 (loan paid off): property $1.15M, stocks $1.39M. Stocks win.
Year 30 (loan paid off): property $1.09M, stocks $1.92M. Stocks win.
Year 30 (loan paid off): property $1.20M, stocks $1.49M. Stocks win.
Year 30 (loan paid off): property $1.12M, stocks $2.00M. Stocks win.
Year 30 (loan paid off): property $1.19M, stocks $1.43M. Stocks win.
Year 30 (loan paid off): property $1.09M, stocks $1.92M. 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.
4 bed estimate $2,625/mo · range $2,325–$2,725 · 8 rentals within 2.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 2529 Pleasant Ave Unit 2, Minneapolis | $2,500 | 4 / 2 | 0.6 mi |
| 1924 Colfax Ave S, Minneapolis | $2,550 | 4 / 2 | 0.8 mi |
| 3448 Girard Ave S, Minneapolis | $2,595 | 4 / 2 | 0.8 mi |
| 220 E 27th St, Minneapolis | $2,600 | 4 / 1 | 1.0 mi |
| 3032 3rd Ave S, Minneapolis | $2,200 | 4 / 1 | 1.0 mi |
| 2820 12th Ave S Apt 1, Minneapolis | $2,500 | 4 / 2 | 1.7 mi |
| 3714 Kipling Ave S, Saint Louis Park | $2,300 | 4 / 2 | 2.4 mi |
| 1030 Knox Ave N, Minneapolis | $2,099 | 4 / 1 | 2.6 mi |
3 bed estimate $1,875/mo · range $1,775–$2,425 · 7 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 711 W 28th St, Minneapolis | $1,595 | 3 / 1 | 0.2 mi |
| 705 W 31st St, Minneapolis | $1,775 | 3 / 1 | 0.4 mi |
| 1709 Lagoon Ave S, Minneapolis | $1,795 | 3 / 1 | 0.6 mi |
| 3229 Hennepin Ave S, Minneapolis | $2,395 | 3 / 1 | 0.6 mi |
| 2415 Harriet Ave, Minneapolis | $1,695 | 3 / 1 | 0.6 mi |
| 2305 Garfield Ave Unit 201, Minneapolis | $2,300 | 3 / 1 | 0.7 mi |
| 2200 Harriet Ave S, Minneapolis | $1,850 | 3 / 1 | 0.7 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
- 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 2814 COLFAX AVE S
- medium$9,475 in special assessments on the current tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Hennepin County parcel 3302924440052: special assessments (current) = $9,475.24
- mediumAsking is $178,953 above the price where cash flow breaks even ($310,047) at the default scenario. Based on: Derived: price $489,000 vs. break-even $310,047
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. | $16,261 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,757 |
| 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 1907: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-07-04 (93 days, relisted 2×); last sold for $465,000 on 2023-02-03.
| Date | Event | Price |
|---|---|---|
| Listed | $489,000 | |
| Removed | $475,000 | |
| Listed | $475,000 | |
| Removed | $465,000 | |
| Sold | $465,000 | |
| Sold public record | $201,094 | |
| Sold | $220,000 | |
| Listed | $285,000 | |
| Removed | $285,000 | |
| Price changed | $285,000 | |
| Price changed | $295,000 | |
| Price changed | $305,000 | |
| Price changed | $315,000 | |
| Listed | $325,000 | |
| Sold public record | $339,000 | |
| Sold public record | $143,380 | |
| Sold public record | $76,000 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1907 |
| Market value (2026) | $445,800 |
| Property tax | $6,785 |
| Special assessments | $9,475 |
| Homestead | no |
| Last sale | 2023-02-01 · $465,000 |
Source: Hennepin County parcel records.
City rental license
No record in Minneapolis Active Rental Licenses.
Nearest highway
I 35W, about 1372 m away.
Crime in Lowry Hill East
647 incidents in the last 12 months (74 per 1,000 residents), −3% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).