3010 15th Ave S
Duplex · 2 units: 3 bed / 1 bath ×2 unit split estimated · 2,678 sq ft
Minneapolis, MN · Powderhorn Park · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $276,000 2 units · $138K per unit
- Monthly cash flow
- $846 at 20% down, 7%
- Break-even price
- $435,043 where cash flow hits $0
First look
This is a 3-bed/1-bath up/down in Powderhorn with in-unit laundry, a newer boiler (~5 years) and new windows. Stated rents are $1,500 and $1,650, which sit below our $1,875 mid estimate. The modeled cash flow is about $885 a month at a 10.2% cap rate, but the listed tax of $926 looks low and homestead is "N", so verify the real tax bill before trusting that number. Photos show worn interiors with original-looking baths and kitchens not shown, plus a flat-roof section on the front. Check the roof, the steam radiators and the electrical panel first. It is worth a showing if the seller will negotiate after 196 days on market.
Things to consider
- Cash flow looks good on paper Our model shows about $885 a month and a 10.2% cap rate, but it depends on the tax bill and heat cost assumptions.
- Rents are below estimate Stated rents are $1,500 and $1,650 against a $1,875 mid estimate, so there may be room to raise rents, though worn interiors could limit how much.Listing says: “Rents have not been increased to match current market levels”
- Taxes will likely rise The county shows a low tax bill on a non-homestead property. Use a higher figure when you underwrite.
- Big-ticket items are partly handled A newer boiler and new windows reduce near-term capital spending, but the roof and the electrical panel are unknown.Listing says: “a newer boiler (~ 5 years old) and water heater (~ 6 years old)”
- Long time on market gives leverage At 196 days with a seller who bought in 1994, a lower offer is plausible.
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Rents the listing states
- Main floor: $1,500Listing says: The main floor rents for $1,500 per month
- Upper: $1,650Listing says: the upper unit rents for $1,650 per month
Condition and repairs
- doneWindows replaced via city lead abatement programListing says: The windows were recently replaced through the city's lead abatement program
- doneBoiler about 5 years oldListing says: a newer boiler (~ 5 years old) and water heater (~ 6 years old)
- doneUpper unit kitchen updatedListing says: The upper unit showcases hardwood floors and an updated kitchen
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
- $276,000
- Cash to close
- $35,880
- Price per unit
- $138,000
- GRM
- 6.2
Each month
- Cash flow
- $508/mo
- Cash-on-cash
- 17.0%
- Cap rate
- 10.1%
- DSCR
- 1.28×
Break-even
- Price that breaks even
- $353,497
- Rent that breaks even
- $3,041/mo
Long run
- Year 30: property vs stocks
- $2.26M vs $273K
- Cash flow turns positive
- year 1
The deal
- Price
- $276,000
- Cash to close
- $35,880
- Price per unit
- $138,000
- GRM
- 6.2
Each month
- Cash flow
- $195/mo
- Cash-on-cash
- 6.5%
- Cap rate
- 8.7%
- DSCR
- 1.11×
Break-even
- Price that breaks even
- $305,709
- Rent that breaks even
- $3,416/mo
Long run
- Year 30: property vs stocks
- $1.77M vs $273K
- Cash flow turns positive
- year 1
The deal
- Price
- $266,000
- Cash to close
- $34,580
- Price per unit
- $133,000
- GRM
- 6.0
Each month
- Cash flow
- $573/mo
- Cash-on-cash
- 19.9%
- Cap rate
- 10.4%
- DSCR
- 1.33×
Break-even
- Price that breaks even
- $353,497
- Rent that breaks even
- $2,956/mo
Long run
- Year 30: property vs stocks
- $2.31M vs $263K
- Cash flow turns positive
- year 1
The deal
- Price
- $266,000
- Cash to close
- $34,580
- Price per unit
- $133,000
- GRM
- 6.0
Each month
- Cash flow
- $260/mo
- Cash-on-cash
- 9.0%
- Cap rate
- 9.0%
- DSCR
- 1.15×
Break-even
- Price that breaks even
- $305,709
- Rent that breaks even
- $3,321/mo
Long run
- Year 30: property vs stocks
- $1.82M vs $263K
- Cash flow turns positive
- year 1
The deal
- Price
- $276,000
- Cash to close
- $63,480
- Price per unit
- $138,000
- GRM
- 6.2
Each month
- Cash flow
- $846/mo
- Cash-on-cash
- 16.0%
- Cap rate
- 10.1%
- DSCR
- 1.58×
Break-even
- Price that breaks even
- $435,043
- Rent that breaks even
- $2,601/mo
Long run
- Year 30: property vs stocks
- $2.52M vs $483K
- Cash flow turns positive
- year 1
The deal
- Price
- $276,000
- Cash to close
- $63,480
- Price per unit
- $138,000
- GRM
- 6.2
Each month
- Cash flow
- $533/mo
- Cash-on-cash
- 10.1%
- Cap rate
- 8.7%
- DSCR
- 1.36×
Break-even
- Price that breaks even
- $376,232
- Rent that breaks even
- $2,922/mo
Long run
- Year 30: property vs stocks
- $2.03M vs $483K
- Cash flow turns positive
- year 1
The deal
- Price
- $266,000
- Cash to close
- $61,180
- Price per unit
- $133,000
- GRM
- 6.0
Each month
- Cash flow
- $900/mo
- Cash-on-cash
- 17.6%
- Cap rate
- 10.4%
- DSCR
- 1.64×
Break-even
- Price that breaks even
- $435,043
- Rent that breaks even
- $2,532/mo
Long run
- Year 30: property vs stocks
- $2.55M vs $466K
- Cash flow turns positive
- year 1
The deal
- Price
- $266,000
- Cash to close
- $61,180
- Price per unit
- $133,000
- GRM
- 6.0
Each month
- Cash flow
- $587/mo
- Cash-on-cash
- 11.5%
- Cap rate
- 9.0%
- DSCR
- 1.41×
Break-even
- Price that breaks even
- $376,232
- Rent that breaks even
- $2,844/mo
Long run
- Year 30: property vs stocks
- $2.07M vs $466K
- Cash flow turns positive
- year 1
The deal
- Price
- $276,000
- Cash to close
- $77,280
- Price per unit
- $138,000
- GRM
- 6.2
Each month
- Cash flow
- $938/mo
- Cash-on-cash
- 14.6%
- Cap rate
- 10.1%
- DSCR
- 1.68×
Break-even
- Price that breaks even
- $464,046
- Rent that breaks even
- $2,481/mo
Long run
- Year 30: property vs stocks
- $2.62M vs $588K
- Cash flow turns positive
- year 1
The deal
- Price
- $276,000
- Cash to close
- $77,280
- Price per unit
- $138,000
- GRM
- 6.2
Each month
- Cash flow
- $625/mo
- Cash-on-cash
- 9.7%
- Cap rate
- 8.7%
- DSCR
- 1.45×
Break-even
- Price that breaks even
- $401,314
- Rent that breaks even
- $2,788/mo
Long run
- Year 30: property vs stocks
- $2.13M vs $588K
- Cash flow turns positive
- year 1
The deal
- Price
- $266,000
- Cash to close
- $74,480
- Price per unit
- $133,000
- GRM
- 6.0
Each month
- Cash flow
- $988/mo
- Cash-on-cash
- 15.9%
- Cap rate
- 10.4%
- DSCR
- 1.74×
Break-even
- Price that breaks even
- $464,046
- Rent that breaks even
- $2,417/mo
Long run
- Year 30: property vs stocks
- $2.65M vs $567K
- Cash flow turns positive
- year 1
The deal
- Price
- $266,000
- Cash to close
- $74,480
- Price per unit
- $133,000
- GRM
- 6.0
Each month
- Cash flow
- $675/mo
- Cash-on-cash
- 10.9%
- Cap rate
- 9.0%
- DSCR
- 1.51×
Break-even
- Price that breaks even
- $401,314
- Rent that breaks even
- $2,715/mo
Long run
- Year 30: property vs stocks
- $2.17M vs $567K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Net operating income | $2,315 |
| Mortgage (principal + interest) | −$1,653 |
| PMI | −$155 |
| Cash flow | $508 |
| Principal paid down (equity, not cash) | $210 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Property management | −$313 |
| Net operating income | $2,002 |
| Mortgage (principal + interest) | −$1,653 |
| PMI | −$155 |
| Cash flow | $195 |
| Principal paid down (equity, not cash) | $210 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Net operating income | $2,315 |
| Mortgage (principal + interest) | −$1,593 |
| PMI | −$150 |
| Cash flow | $573 |
| Principal paid down (equity, not cash) | $203 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Property management | −$313 |
| Net operating income | $2,002 |
| Mortgage (principal + interest) | −$1,593 |
| PMI | −$150 |
| Cash flow | $260 |
| Principal paid down (equity, not cash) | $203 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Net operating income | $2,315 |
| Mortgage (principal + interest) | −$1,469 |
| Cash flow | $846 |
| Principal paid down (equity, not cash) | $187 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Property management | −$313 |
| Net operating income | $2,002 |
| Mortgage (principal + interest) | −$1,469 |
| Cash flow | $533 |
| Principal paid down (equity, not cash) | $187 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Net operating income | $2,315 |
| Mortgage (principal + interest) | −$1,416 |
| Cash flow | $900 |
| Principal paid down (equity, not cash) | $180 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Property management | −$313 |
| Net operating income | $2,002 |
| Mortgage (principal + interest) | −$1,416 |
| Cash flow | $587 |
| Principal paid down (equity, not cash) | $180 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Net operating income | $2,315 |
| Mortgage (principal + interest) | −$1,377 |
| Cash flow | $938 |
| Principal paid down (equity, not cash) | $175 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Property management | −$313 |
| Net operating income | $2,002 |
| Mortgage (principal + interest) | −$1,377 |
| Cash flow | $625 |
| Principal paid down (equity, not cash) | $175 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Net operating income | $2,315 |
| Mortgage (principal + interest) | −$1,327 |
| Cash flow | $988 |
| Principal paid down (equity, not cash) | $169 |
| Rent | $3,700 |
| Vacancy (6%) | −$222 |
| Collected | $3,478 |
| Property tax Public record | −$77 |
| Insurance Estimate | −$226 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$296 |
| Capital reserve (9% of rent) | −$333 |
| Property management | −$313 |
| Net operating income | $2,002 |
| Mortgage (principal + interest) | −$1,327 |
| Cash flow | $675 |
| Principal paid down (equity, not cash) | $169 |
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
- $629,729
- Rental profits, invested at 7%
- $1,631,277
Sells for $669,924 (value up 3% a year), minus 6% selling cost ($40,195). Rent paid down $248,400 of loan.
$693,617 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $273,128
$35,880 put into an index fund instead of the down payment and closing costs.
The building comes out $1,987,878 ahead after 30 years.
- Your equity when you sell
- $629,729
- Rental profits, invested at 7%
- $1,144,375
Sells for $669,924 (value up 3% a year), minus 6% selling cost ($40,195). Rent paid down $248,400 of loan.
$514,912 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $273,128
$35,880 put into an index fund instead of the down payment and closing costs.
The building comes out $1,500,976 ahead after 30 years.
- Your equity when you sell
- $606,913
- Rental profits, invested at 7%
- $1,700,890
Sells for $645,652 (value up 3% a year), minus 6% selling cost ($38,739). Rent paid down $239,400 of loan.
$715,443 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $263,232
$34,580 put into an index fund instead of the down payment and closing costs.
The building comes out $2,044,571 ahead after 30 years.
- Your equity when you sell
- $606,913
- Rental profits, invested at 7%
- $1,213,988
Sells for $645,652 (value up 3% a year), minus 6% selling cost ($38,739). Rent paid down $239,400 of loan.
$536,738 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $263,232
$34,580 put into an index fund instead of the down payment and closing costs.
The building comes out $1,557,669 ahead after 30 years.
- Your equity when you sell
- $629,729
- Rental profits, invested at 7%
- $1,887,456
Sells for $669,924 (value up 3% a year), minus 6% selling cost ($40,195). Rent paid down $220,800 of loan.
$767,173 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $483,226
$63,480 put into an index fund instead of the down payment and closing costs.
The building comes out $2,033,959 ahead after 30 years.
- Your equity when you sell
- $629,729
- Rental profits, invested at 7%
- $1,400,554
Sells for $669,924 (value up 3% a year), minus 6% selling cost ($40,195). Rent paid down $220,800 of loan.
$588,469 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $483,226
$63,480 put into an index fund instead of the down payment and closing costs.
The building comes out $1,547,057 ahead after 30 years.
- Your equity when you sell
- $606,913
- Rental profits, invested at 7%
- $1,947,787
Sells for $645,652 (value up 3% a year), minus 6% selling cost ($38,739). Rent paid down $212,800 of loan.
$786,334 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $465,718
$61,180 put into an index fund instead of the down payment and closing costs.
The building comes out $2,088,982 ahead after 30 years.
- Your equity when you sell
- $606,913
- Rental profits, invested at 7%
- $1,460,885
Sells for $645,652 (value up 3% a year), minus 6% selling cost ($38,739). Rent paid down $212,800 of loan.
$607,629 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $465,718
$61,180 put into an index fund instead of the down payment and closing costs.
The building comes out $1,602,080 ahead after 30 years.
- Your equity when you sell
- $629,729
- Rental profits, invested at 7%
- $1,991,527
Sells for $669,924 (value up 3% a year), minus 6% selling cost ($40,195). Rent paid down $207,000 of loan.
$800,226 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $588,275
$77,280 put into an index fund instead of the down payment and closing costs.
The building comes out $2,032,981 ahead after 30 years.
- Your equity when you sell
- $629,729
- Rental profits, invested at 7%
- $1,504,625
Sells for $669,924 (value up 3% a year), minus 6% selling cost ($40,195). Rent paid down $207,000 of loan.
$621,521 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $588,275
$77,280 put into an index fund instead of the down payment and closing costs.
The building comes out $1,546,079 ahead after 30 years.
- Your equity when you sell
- $606,913
- Rental profits, invested at 7%
- $2,048,088
Sells for $645,652 (value up 3% a year), minus 6% selling cost ($38,739). Rent paid down $199,500 of loan.
$818,189 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $566,961
$74,480 put into an index fund instead of the down payment and closing costs.
The building comes out $2,088,039 ahead after 30 years.
- Your equity when you sell
- $606,913
- Rental profits, invested at 7%
- $1,561,186
Sells for $645,652 (value up 3% a year), minus 6% selling cost ($38,739). Rent paid down $199,500 of loan.
$639,484 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $566,961
$74,480 put into an index fund instead of the down payment and closing costs.
The building comes out $1,601,137 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 $2.26M, stocks $273K. The property wins.
Year 30 (loan paid off): property $1.77M, stocks $273K. The property wins.
Year 30 (loan paid off): property $2.31M, stocks $263K. The property wins.
Year 30 (loan paid off): property $1.82M, stocks $263K. The property wins.
Year 30 (loan paid off): property $2.52M, stocks $483K. The property wins.
Year 30 (loan paid off): property $2.03M, stocks $483K. The property wins.
Year 30 (loan paid off): property $2.55M, stocks $466K. The property wins.
Year 30 (loan paid off): property $2.07M, stocks $466K. The property wins.
Year 30 (loan paid off): property $2.62M, stocks $588K. The property wins.
Year 30 (loan paid off): property $2.13M, stocks $588K. The property wins.
Year 30 (loan paid off): property $2.65M, stocks $567K. The property wins.
Year 30 (loan paid off): property $2.17M, stocks $567K. The property wins.
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 $1,850/mo · range $1,725–$1,950 · 10 rentals within 1.5 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 2742 18th Ave S, Minneapolis | $1,850 | 3 / 1 | 0.4 mi |
| 912 E 25th St Apt 2, Minneapolis | $1,695 | 3 / 1 | 0.7 mi |
| 912 E 25th St Apt 3, Minneapolis | $1,675 | 3 / 1 | 0.7 mi |
| 3336 4th Ave S Apt 4, Minneapolis | $1,595 | 3 / 1 | 0.9 mi |
| 3336 4th Ave S Apt 2, Minneapolis | $1,795 | 3 / 1 | 0.9 mi |
| 200 E 27th St, Minneapolis | $1,835 | 3 / 1 | 1.1 mi |
| 2821 1st Ave S, Minneapolis | $1,600 | 3 / 1 | 1.1 mi |
| 3208 Blaisdell Ave Apt 3, Minneapolis | $1,750 | 3 / 1 | 1.3 mi |
| 735 E 16th St, Minneapolis | $1,466 | 3 / 1 | 1.4 mi |
| 1506 Park Ave S Unit 3, Minneapolis | $1,745 | 3 / 1 | 1.5 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
- mediumFlat roof section over the front entry area, plus stucco exterior: leak risk Based on: photo 9 · AI review
- mediumTax figure looks low and likely to be reassessed after a sale to an investor Based on: data: county.tax · AI review
- low$313 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 0202824120105: special assessments (current) = $312.96
- lowLead abatement windows suggest lead paint history in a 1900 building Listing says: The windows were recently replaced through the city's lead abatement program · AI review
Opportunities
- The seller bought for $1 in Jul 1994, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 0202824120105: last sale 1994-07-01, $1
- Long time on market: room to negotiate. Based on: Listing data: 199 days on market
- Rents below market. Both units could move toward higher rents, with no rent cap in Minneapolis Listing says: Rents have not been increased to match current market levels · AI review
- Unfinished attic could add storage or possibly more space, if code allows Listing says: An unfinished attic provides additional storage · AI review
- Double lot with fenced yard offers possible extra value Listing says: Situated on a double lot with a fenced yard · AI review
Questions for the agent
- Are the leases in place or month-to-month, and when do they end?
- Does the owner pay heat, water or trash? What were the last 12 months of utility bills?
- How old is the flat roof section and the main pitched roof, and has either leaked?
- What is the electrical service and panel type, and what are the special assessments for?
- Do the tenants have their own laundry hookups and meters, and who owns the machines?
- Why has it sat 196 days, and will the seller consider a lower price?
Bottom line
Decent rents and updated big systems, but worn interiors and a long listing time mean you should negotiate down and inspect the roof and wiring. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $926 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,716 |
| 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 2026-03-20 (199 days, relisted 1×); down $19,000 (6.4%) from the first ask of $295,000; last sold for $35,500 on 1987-11-01.
| Date | Event | Price |
|---|---|---|
| Relisted | $276,000 | |
| Removed | $280,000 | |
| Price changed | $280,000 | |
| Listed | $295,000 | |
| Sold public record | $35,500 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1900 |
| Market value (2026) | $239,300 |
| Property tax | $926 |
| Special assessments | $313 |
| Homestead | no |
| Last sale | 1994-07-01 · $1 |
Source: Hennepin County parcel records.
City rental license
CHOWNEXMPT: 2 unit(s), Tier 1, status active, renews 2027-03-01.
Nearest highway
MN 55, about 1119 m away.
Crime in Powderhorn Park
524 incidents in the last 12 months (62 per 1,000 residents), −7% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).