Back to Twin Cities suburbs

2824 79th Ave N

Duplex · 2 units: 5 bed / 2 bath and 4 bed / 2 bath unit split estimated · 5,244 sq ft

Brooklyn Park, MN · View the listing ↗

Cash flows

Photos, via Realtor.com.

Asking price
$528,000
2 units · $264K per unit
Monthly cash flow
$471
at 20% down, 7%
Estimated rent
$5,675/mo
medium confidence
Break-even price
$616,449
where cash flow hits $0

Adjust the numbers See the full breakdown

First look

This is a side-by-side duplex with a 4-bed and a 5-bed unit, listed at $528K. The description says it's fully leased but gives no rents, lease terms or expenses, so the income side is unverified. Our underwriting shows about $471/mo cash flow at 20% down and a 7.5% cap, but it rests on our rent estimates and an unmatched tax record, so treat it as a rough number. The 4-bed estimate ($3,075) sits above the 5-bed ($2,600), which looks off. Check that before trusting either figure. The photos show one unit with a fresh kitchen and bath and another with an original-style kitchen and worn finishes, so the 'completely renovated' versus 'extensive updates' wording matters. Get the rent roll, leases and tax figure first. Then decide if it's worth a showing.

Things to consider

  1. Income is unverified The listing calls it fully leased but gives no rents. Our numbers use estimates, so real cash flow could differ a lot.Listing says: “With both units leased and generating income from day one”
  2. Renovation levels differ between units One unit looks fully redone and the other looks partly original. Rents and turnover costs will differ between them.From photo 6
  3. Taxes and unit count unverified We couldn't match a county parcel, so the tax bill, which is a large expense on a $528K property, is a guess.
  4. Nine bedrooms means heavy wear Large units draw bigger households, so budget more for repairs, turnover and reserves.Listing says: “one 4 bedroom, one 5-bedroom”
  5. Cash flow is modest relative to the price About $471/mo and a 7.5% cap leave little cushion if rents come in lower or taxes are higher.

From the photos

Listing photo 2
1 of 8Plus

One kitchen appears fully new: white shaker cabinets, subway tile, granite, stainless appliances, vinyl plank floor

Listing photo 6
2 of 8Concern

Other kitchen appears original: dated wood cabinets, laminate counters, older sink and white appliances

Listing photo 5
3 of 8Plus

Bathroom appears recently redone with subway tile, new vanity and black fixtures

Listing photo 8
4 of 8Check

Second bath has newer fixtures and mirror but appears to keep an older wood vanity base; a partial refresh

Listing photo 1
5 of 8Plus

Two separate garage doors and a wide driveway; garages appear to serve each unit

Listing photo 7
6 of 8Check

Fireplaces in both units, one painted brick, one original brick. Check whether they're usable and safe to leave to tenants

Listing photo 9
7 of 8Check

Siding and the roof look serviceable from outside; no furnace, water heater or panel photos shown

Listing photo 4
8 of 8Check

Fresh paint and new carpet in the bedroom; cosmetic finishes that don't show the condition of systems

Based on 9 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.

Condition and repairs

  • doneUnit 2824 completely renovatedListing says: 2824 has been completely renovated
  • doneUnit 2828 extensive updatesListing says: 2828 has undergone extensive updates as well

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

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
$528,000
Cash to close
$121,440
Price per unit
$264,000
GRM
7.8

Each month

Cash flow
$471/mo
Cash-on-cash
4.7%
Cap rate
7.5%
DSCR
1.17×

Break-even

Price that breaks even
$616,449
Rent that breaks even
$5,079/mo

Long run

Year 30: property vs stocks
$3.01M vs $924K
Cash flow turns positive
year 1

Monthly

Monthly breakdown

Rent$5,675
Vacancy (6%)−$340
Collected$5,334
Property tax Listing−$713
Insurance Estimate−$259
Water, sewer, trash Estimate−$170
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$454
Capital reserve (7% of rent)−$397
Net operating income$3,281
Mortgage (principal + interest)−$2,810
Cash flow$471
Principal paid down (equity, not cash)$358

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$3,012,086
Your equity when you sell
$1,204,699

Sells for $1,281,595 (value up 3% a year), minus 6% selling cost ($76,896). Rent paid down $422,400 of loan.

Rental profits, invested at 7%
$1,807,387

$803,064 of cash flow over 30 years, plus what it earned invested.

Same money in stocks$924,432
Cash to close, invested at 7%
$924,432

$121,440 put into an index fund instead of the down payment and closing costs.

The building comes out $2,087,654 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 $3.01M, stocks $924K. 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.

5 bed / 2 bath estimate $2,600/mo · range $1,875–$3,325

AddressRentBd / BaSq ftDistanceListedMatch
8016/8020 Zane Ave N, Brooklyn Park 55443 $2,200 4 / 1.5 2,200 1.8 mi 2026-08-18 71%
1924 Whitewater Trl N, Brooklyn Park 55444 $3,195 5 / 2 2,040 0.6 mi 2026-10-04 70%
1208 82nd Ave N, Brooklyn Park 55444 off market $2,495 5 / 2 2,200 1.1 mi 2026-03-24 70%
1924 Laramie Trl, Maple Grove 55444 off market $2,899 5 / 2 1,850 0.6 mi 2026-09-02 69%
1506 71st Ave N, Brooklyn Center 55430 off market $2,995 5 / 2 2,109 1.4 mi 2026-01-27 69%
7900 Lee Ave N, Brooklyn Park 55443 $2,450 4 / 2 — 0.9 mi 2026-09-28 69%
2708 83rd Ln N, Brooklyn Park 55444 off market $2,565 5 / 1.5 2,095 0.4 mi 2026-02-19 68%
7218 Camden Ave N, Apt 129, Brooklyn Center 55430 off market $1,275 2 / 1 — 1.7 mi 2026-02-10 68%
7212 Camden Ave N, Apt 122, Brooklyn Center 55430 off market $1,075 1 / 1 — 1.7 mi 2026-07-14 68%
7212 Camden Ave N, Apt 221, Brooklyn Center 55430 off market $1,075 1 / 1 — 1.7 mi 2026-06-29 68%

4 bed / 2 bath estimate $3,075/mo · range $2,775–$3,350

AddressRentBd / BaSq ftDistanceListedMatch
8016/8020 Zane Ave N, Brooklyn Park 55443 $2,200 4 / 1.5 2,200 1.8 mi 2026-08-18 81%
7900 Lee Ave N, Brooklyn Park 55443 $2,450 4 / 2 — 0.9 mi 2026-09-28 78%
7349 York Ave N, Brooklyn Park 55443 off market $2,390 3 / 2 1,525 0.7 mi 2026-02-19 73%
8422 Brunswick Ct N, Brooklyn Park 55443 $2,475 4 / 3 — 2.0 mi 2026-09-28 72%
5401 82nd Ave N, Brooklyn Park 55443 off market $3,250 4 / 2 2,436 1.5 mi 2026-04-16 71%
5401 82nd Ave N, Minneapolis 55443 off market $2,990 4 / 2 2,436 1.5 mi 2026-04-20 71%
7701 Queen Ave N, Brooklyn Park 55444 off market $2,680 4 / 2 2,050 0.4 mi 2026-07-13 71%
3401 75th Ave N, Brooklyn Park 55443 off market $2,729 4 / 2 2,088 0.6 mi 2026-01-29 70%
1108 76th Ave N, Brooklyn Park 55444 off market $2,650 4 / 2 2,180 1.2 mi 2025-04-28 70%
1708 69th Ave N, Minneapolis 55430 off market $2,850 4 / 2 2,275 1.5 mi 2026-07-14 70%

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

  • highNo rents, lease terms or expenses given for a 'turnkey' pitch Listing says: Fully Leased, Turnkey Investment! · AI review
  • mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 2824 79TH AVE N
  • mediumPhotos suggest the second unit is much less updated than 'extensive updates' implies Based on: photo 6 · AI review
  • lowWhich unit is the 4-bed and which is the 5-bed isn't stated, and our 4-bed rent estimate exceeds the 5-bed Based on: data: rent_estimate · AI review

Opportunities

  • Large units with private garages and decks appeal to tenants wanting single-family space Listing says: Each unit enjoys its own private garage, its own outdoor deck · AI review
  • Refresh the dated unit's kitchen and baths to match the renovated side and lift rent Based on: photo 6 · AI review
  • No rent cap in Brooklyn Park, so rents can follow the market Based on: data: underwriting.rent_rule · AI review

Questions for the agent

  • What are the current rents, lease end dates and deposits for each unit?
  • Which unit is the 4-bed and which is the 5-bed, and how many baths in each?
  • What was renovated in each unit, when, and were permits pulled?
  • Who pays utilities, and are there separate meters for gas, electric and water?
  • What are the real property taxes, and does the city require a rental license?
  • What are the age of the roof, furnaces and water heaters?

Bottom line

Big, tenant-friendly units at a price that may pencil, but without rents or taxes it's unproven and the second unit looks dated. AI-assisted summary

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.$8,556
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$3,111
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. 9 bedrooms: +1 pt repairs for wear; "completely renovated" in the description: -1 pts each8% / 7%

Price history Realtor.com

On the market since 2026-09-21 (14 days); last sold for $400,000 on 2021-11-22.

DateEventPrice
Listed$528,000
Sold public record$400,000
Sold$140,000
Price changed$149,000
Price changed$165,000
Price changed$188,000
Listed$198,000
Sold public record$281,000
Sold public record$120,000
Sold public record$118,000

From the listing Listing

Listed asduplex side x side
Property tax, 2026$8,556
CountyHennepin
Parcel number2311921320088

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Brooklyn Park on rental licensing before you buy.