3126 Logan Ave N
Duplex · 2 units: 2 bed / 1 bath ×2 unit split estimated · 2,040 sq ft
Minneapolis, MN · Jordan · View the listing ↗
Photos, via Realtor.com.
Needs more info before these numbers mean much. The city's rental license covers 1 unit(s); this analysis counts 2.
- Asking price
- $260,000 2 units · $130K per unit
- Monthly cash flow
- $16 at 20% down, 7%
- Estimated rent
- $2,900/mo medium confidence
- Break-even price
- $263,001 where cash flow hits $0
First look
The description says almost nothing: no rents, no utilities, no repair notes, no heat details. Our numbers say the deal is roughly break-even at $260K. Cash flow is about $16/mo with 20% down, a 6.5% cap rate, and a break-even price near $263K. The seller paid $235K in September 2024, so the ask is about $25K above that. The photos show tidy, cosmetically refreshed units with older bones: radiators, an old-style tub and a dated kitchen. Get the rent roll, heat costs and license status before a showing. Offer under ask or pass.
Things to consider
- Break-even cash flow at asking price At 20% down the deal makes only about $16 a month and the break-even price is just above ask. There is almost no cushion, so price is the main lever.
- Rental license covers only one unit An unlicensed second unit could block legal rent or require inspections and repairs. Verify before relying on two rents.
- No rents or expenses disclosed Without a rent roll, income is only our estimate of about $1,450 per unit. Heat is likely owner-paid with one hot-water system.
- Old building with mechanicals unseen An 1900 build with radiators means boiler age and wiring matter for reserves. Photos show cosmetic updates only.From photo 7
- Seller's recent purchase price The ask is above the 2024 sale price, and the county market value is $248,500. That supports negotiating down.
From the photos
Based on 7 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
- $260,000
- Cash to close
- $33,800
- Price per unit
- $130,000
- GRM
- 7.5
Each month
- Cash flow
- −$303/mo
- Cash-on-cash
- −10.8%
- Cap rate
- 6.5%
- DSCR
- 0.82×
Break-even
- Price that breaks even
- $213,703
- Rent that breaks even
- $3,294/mo
Long run
- Year 30: property vs stocks
- $961K vs $334K
- Cash flow turns positive
- year 5
The deal
- Price
- $260,000
- Cash to close
- $33,800
- Price per unit
- $130,000
- GRM
- 7.5
Each month
- Cash flow
- −$549/mo
- Cash-on-cash
- −19.5%
- Cap rate
- 5.3%
- DSCR
- 0.68×
Break-even
- Price that breaks even
- $176,248
- Rent that breaks even
- $3,700/mo
Long run
- Year 30: property vs stocks
- $727K vs $482K
- Cash flow turns positive
- year 13
The deal
- Price
- $250,000
- Cash to close
- $32,500
- Price per unit
- $125,000
- GRM
- 7.2
Each month
- Cash flow
- −$238/mo
- Cash-on-cash
- −8.8%
- Cap rate
- 6.7%
- DSCR
- 0.85×
Break-even
- Price that breaks even
- $213,703
- Rent that breaks even
- $3,209/mo
Long run
- Year 30: property vs stocks
- $987K vs $304K
- Cash flow turns positive
- year 5
The deal
- Price
- $250,000
- Cash to close
- $32,500
- Price per unit
- $125,000
- GRM
- 7.2
Each month
- Cash flow
- −$483/mo
- Cash-on-cash
- −17.8%
- Cap rate
- 5.5%
- DSCR
- 0.70×
Break-even
- Price that breaks even
- $176,248
- Rent that breaks even
- $3,605/mo
Long run
- Year 30: property vs stocks
- $730K vs $428K
- Cash flow turns positive
- year 12
The deal
- Price
- $260,000
- Cash to close
- $59,800
- Price per unit
- $130,000
- GRM
- 7.5
Each month
- Cash flow
- $16/mo
- Cash-on-cash
- 0.3%
- Cap rate
- 6.5%
- DSCR
- 1.01×
Break-even
- Price that breaks even
- $263,001
- Rent that breaks even
- $2,879/mo
Long run
- Year 30: property vs stocks
- $1.13M vs $455K
- Cash flow turns positive
- year 1
The deal
- Price
- $260,000
- Cash to close
- $59,800
- Price per unit
- $130,000
- GRM
- 7.5
Each month
- Cash flow
- −$229/mo
- Cash-on-cash
- −4.6%
- Cap rate
- 5.3%
- DSCR
- 0.83×
Break-even
- Price that breaks even
- $216,905
- Rent that breaks even
- $3,235/mo
Long run
- Year 30: property vs stocks
- $814K vs $525K
- Cash flow turns positive
- year 8
The deal
- Price
- $250,000
- Cash to close
- $57,500
- Price per unit
- $125,000
- GRM
- 7.2
Each month
- Cash flow
- $69/mo
- Cash-on-cash
- 1.4%
- Cap rate
- 6.7%
- DSCR
- 1.05×
Break-even
- Price that breaks even
- $263,001
- Rent that breaks even
- $2,810/mo
Long run
- Year 30: property vs stocks
- $1.16M vs $438K
- Cash flow turns positive
- year 1
The deal
- Price
- $250,000
- Cash to close
- $57,500
- Price per unit
- $125,000
- GRM
- 7.2
Each month
- Cash flow
- −$176/mo
- Cash-on-cash
- −3.7%
- Cap rate
- 5.5%
- DSCR
- 0.87×
Break-even
- Price that breaks even
- $216,905
- Rent that breaks even
- $3,157/mo
Long run
- Year 30: property vs stocks
- $826K vs $483K
- Cash flow turns positive
- year 7
The deal
- Price
- $260,000
- Cash to close
- $72,800
- Price per unit
- $130,000
- GRM
- 7.5
Each month
- Cash flow
- $102/mo
- Cash-on-cash
- 1.7%
- Cap rate
- 6.5%
- DSCR
- 1.08×
Break-even
- Price that breaks even
- $280,534
- Rent that breaks even
- $2,767/mo
Long run
- Year 30: property vs stocks
- $1.22M vs $554K
- Cash flow turns positive
- year 1
The deal
- Price
- $260,000
- Cash to close
- $72,800
- Price per unit
- $130,000
- GRM
- 7.5
Each month
- Cash flow
- −$143/mo
- Cash-on-cash
- −2.4%
- Cap rate
- 5.3%
- DSCR
- 0.89×
Break-even
- Price that breaks even
- $231,366
- Rent that breaks even
- $3,108/mo
Long run
- Year 30: property vs stocks
- $873K vs $586K
- Cash flow turns positive
- year 6
The deal
- Price
- $250,000
- Cash to close
- $70,000
- Price per unit
- $125,000
- GRM
- 7.2
Each month
- Cash flow
- $152/mo
- Cash-on-cash
- 2.6%
- Cap rate
- 6.7%
- DSCR
- 1.12×
Break-even
- Price that breaks even
- $280,534
- Rent that breaks even
- $2,702/mo
Long run
- Year 30: property vs stocks
- $1.26M vs $533K
- Cash flow turns positive
- year 1
The deal
- Price
- $250,000
- Cash to close
- $70,000
- Price per unit
- $125,000
- GRM
- 7.2
Each month
- Cash flow
- −$93/mo
- Cash-on-cash
- −1.6%
- Cap rate
- 5.5%
- DSCR
- 0.93×
Break-even
- Price that breaks even
- $231,366
- Rent that breaks even
- $3,036/mo
Long run
- Year 30: property vs stocks
- $891K vs $548K
- Cash flow turns positive
- year 4
Monthly
Monthly breakdown
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Net operating income | $1,400 |
| Mortgage (principal + interest) | −$1,557 |
| PMI | −$146 |
| Cash flow | −$303 |
| Principal paid down (equity, not cash) | $198 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Property management | −$245 |
| Net operating income | $1,154 |
| Mortgage (principal + interest) | −$1,557 |
| PMI | −$146 |
| Cash flow | −$549 |
| Principal paid down (equity, not cash) | $198 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Net operating income | $1,400 |
| Mortgage (principal + interest) | −$1,497 |
| PMI | −$141 |
| Cash flow | −$238 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Property management | −$245 |
| Net operating income | $1,154 |
| Mortgage (principal + interest) | −$1,497 |
| PMI | −$141 |
| Cash flow | −$483 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Net operating income | $1,400 |
| Mortgage (principal + interest) | −$1,384 |
| Cash flow | $16 |
| Principal paid down (equity, not cash) | $176 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Property management | −$245 |
| Net operating income | $1,154 |
| Mortgage (principal + interest) | −$1,384 |
| Cash flow | −$229 |
| Principal paid down (equity, not cash) | $176 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Net operating income | $1,400 |
| Mortgage (principal + interest) | −$1,331 |
| Cash flow | $69 |
| Principal paid down (equity, not cash) | $169 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Property management | −$245 |
| Net operating income | $1,154 |
| Mortgage (principal + interest) | −$1,331 |
| Cash flow | −$176 |
| Principal paid down (equity, not cash) | $169 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Net operating income | $1,400 |
| Mortgage (principal + interest) | −$1,297 |
| Cash flow | $102 |
| Principal paid down (equity, not cash) | $165 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Property management | −$245 |
| Net operating income | $1,154 |
| Mortgage (principal + interest) | −$1,297 |
| Cash flow | −$143 |
| Principal paid down (equity, not cash) | $165 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Net operating income | $1,400 |
| Mortgage (principal + interest) | −$1,247 |
| Cash flow | $152 |
| Principal paid down (equity, not cash) | $159 |
| Rent | $2,900 |
| Vacancy (6%) | −$174 |
| Collected | $2,726 |
| Property tax Public record | −$391 |
| Insurance Estimate | −$212 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$232 |
| Capital reserve (9% of rent) | −$261 |
| Property management | −$245 |
| Net operating income | $1,154 |
| Mortgage (principal + interest) | −$1,247 |
| Cash flow | −$93 |
| Principal paid down (equity, not cash) | $159 |
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
- $593,223
- Rental profits, invested at 7%
- $367,702
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $234,000 of loan.
$203,002 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $257,294
- Monthly shortfalls, invested
- $76,981
$33,800 put into an index fund instead of the down payment and closing costs.
$11,785 you'd have paid in while the building lost money, invested instead.
The building comes out $626,650 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $133,830
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $234,000 of loan.
$89,840 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $257,294
- Monthly shortfalls, invested
- $224,735
$33,800 put into an index fund instead of the down payment and closing costs.
$38,689 you'd have paid in while the building lost money, invested instead.
The building comes out $245,024 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $417,048
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $225,000 of loan.
$221,683 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $247,398
- Monthly shortfalls, invested
- $56,714
$32,500 put into an index fund instead of the down payment and closing costs.
$8,641 you'd have paid in while the building lost money, invested instead.
The building comes out $683,342 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $159,801
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $225,000 of loan.
$103,230 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $247,398
- Monthly shortfalls, invested
- $181,093
$32,500 put into an index fund instead of the down payment and closing costs.
$30,253 you'd have paid in while the building lost money, invested instead.
The building comes out $301,717 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $532,049
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $208,000 of loan.
$260,509 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $455,213
$59,800 put into an index fund instead of the down payment and closing costs.
The building comes out $670,059 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $220,707
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $208,000 of loan.
$131,702 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $455,213
- Monthly shortfalls, invested
- $70,284
$59,800 put into an index fund instead of the down payment and closing costs.
$11,259 you'd have paid in while the building lost money, invested instead.
The building comes out $288,433 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $592,380
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $200,000 of loan.
$279,670 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $437,705
$57,500 put into an index fund instead of the down payment and closing costs.
The building comes out $725,082 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $255,892
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $200,000 of loan.
$146,615 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $437,705
- Monthly shortfalls, invested
- $45,137
$57,500 put into an index fund instead of the down payment and closing costs.
$7,010 you'd have paid in while the building lost money, invested instead.
The building comes out $343,456 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $630,087
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $195,000 of loan.
$291,645 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $554,172
$72,800 put into an index fund instead of the down payment and closing costs.
The building comes out $669,138 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $280,169
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $195,000 of loan.
$156,403 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $554,172
- Monthly shortfalls, invested
- $31,708
$72,800 put into an index fund instead of the down payment and closing costs.
$4,823 you'd have paid in while the building lost money, invested instead.
The building comes out $287,512 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $686,648
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $187,500 of loan.
$309,609 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $532,858
$70,000 put into an index fund instead of the down payment and closing costs.
The building comes out $724,196 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $320,279
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $187,500 of loan.
$171,784 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $532,858
- Monthly shortfalls, invested
- $15,258
$70,000 put into an index fund instead of the down payment and closing costs.
$2,241 you'd have paid in while the building lost money, invested instead.
The building comes out $342,570 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 $961K, stocks $334K. The property wins.
Year 30 (loan paid off): property $727K, stocks $482K. The property wins.
Year 30 (loan paid off): property $987K, stocks $304K. The property wins.
Year 30 (loan paid off): property $730K, stocks $428K. The property wins.
Year 30 (loan paid off): property $1.13M, stocks $455K. The property wins.
Year 30 (loan paid off): property $814K, stocks $525K. The property wins.
Year 30 (loan paid off): property $1.16M, stocks $438K. The property wins.
Year 30 (loan paid off): property $826K, stocks $483K. The property wins.
Year 30 (loan paid off): property $1.22M, stocks $554K. The property wins.
Year 30 (loan paid off): property $873K, stocks $586K. The property wins.
Year 30 (loan paid off): property $1.26M, stocks $533K. The property wins.
Year 30 (loan paid off): property $891K, stocks $548K. 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.
2 bed / 1 bath estimate $1,450/mo · range $1,275–$1,625
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 3318 N Penn Ave, Unit 3, Minneapolis 55412 off market | $1,100 | 2 / 1 | 0.3 mi | 94% |
| 3107 Dupont Ave N, Unit 1, Minneapolis 55411 off market | $1,550 | 2 / 1 | 0.5 mi | 93% |
| 2935 Aldrich Ave N, Unit 1, Minneapolis 55411 off market | $1,300 | 2 / 1 | 0.7 mi | 93% |
| 2900 Colfax Ave N, Minneapolis 55411 off market | $1,345 | 2 / 1 | 0.6 mi | 89% |
| 3610 N Queen Ave, Unit 2, Minneapolis 55412 off market | $1,400 | 2 / 1 | 0.6 mi | 89% |
| 3241 N Humboldt Ave, Minneapolis 55412 off market | $1,400 | 2 / 1 | 0.2 mi | 88% |
| 2937-2939 Fremont Ave N, Minneapolis 55411 off market | $1,300 | 2 / 1 | 0.4 mi | 88% |
| 1812 Golden Valley Rd, Minneapolis 55411 off market | $1,450 | 2 / 1 | 1.0 mi | 88% |
| 3311 N Sheridan A Duplex 2 Ave, Unit Its, Minne… off market | $1,550 | 2 / 1 | 0.5 mi | 87% |
| 3255 Logan Ave N, Unit 2, Minneapolis 55412 off market | $895 | 2 / 1 | 0.1 mi | 86% |
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
- highThe city's rental license covers 1 unit(s); this analysis counts 2. Public record: Minneapolis Active Rental Licenses: 3126 LOGAN AVE N, units=1
- highAsk is well above break-even price, and cash flow is negative at ask Based on: data: underwriting · AI review
- mediumSeller bought for $235K in Sept 2024; ask is about $25K higher with no stated upgrades Based on: data: county.last_sale_price · AI review
- lowNon-homestead tax bill is $4,697, a large cost against likely rents Based on: data: county.tax · AI review
Opportunities
- Owner-occupant could live in one unit and offset the mortgage with the other Listing says: This is a great opportunity for an owner-occupant looking to live in one unit while renting out the other · AI review
- Minneapolis has no rent cap, so rents can follow the market after turnover Based on: data: underwriting.rent_rule · AI review
Questions for the agent
- What are the current rents and lease terms for each unit, and can I see the leases?
- Who pays heat? Is there one boiler or separate systems, and how old is it?
- Why is the rental license for only 1 unit? Is the second unit licensed and legal?
- What is the age of the roof, electrical panel and plumbing?
- What do trailing 12-month utility and repair costs look like?
- Why did the seller buy at $235K in 2024 and relist now?
Bottom line
A tidy old duplex priced right at what the numbers support, so worth a look but better below $260K. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $4,697 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,541 |
| 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 2026-08-28 (38 days); last sold for $235,000 on 2024-09-19.
| Date | Event | Price |
|---|---|---|
| Listed | $260,000 | |
| Sold | $235,000 | |
| Listed | $214,900 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1900 |
| Market value (2026) | $248,500 |
| Property tax | $4,697 |
| Special assessments | none |
| Homestead | no |
| Last sale | 2024-09-01 · $235,000 |
Source: Hennepin County parcel records.
City rental license
CHOWN: 1 unit(s), Tier 1, status active, renews 2027-03-01.
Nearest highway
I 94, about 1578 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).