318 7th Ave NE
Triplex · 3 units: 2 bed / 1 bath ×2 and 1 bed / 1 bath unit split estimated · 1,900 sq ft
Minneapolis, MN · St. Anthony West · View the listing ↗
Photos courtesy of RE/MAX Results, via Realtor.com.
- Asking price
- $449,900 3 units · $150K per unit
- Monthly cash flow
- $228 at 20% down, 7%
- Estimated rent
- $5,050/mo medium confidence
- Break-even price
- $492,816 where cash flow hits $0
First look
This is a Northeast Minneapolis triplex that our numbers say pencils at the ask. Cash flow is about $228/mo with a 7% cap at 20% down, and break-even price is near $493K. That rests on our rent estimates, because the listing gives no rents, no lease terms, and no utility details. The photos show only one unit's interior, so 'all three units are in great condition' is unproven. The county calls it a duplex with an ADU, and there is no rental license on file, so confirm the third unit is legal before anything else. 151 days on market and a $461K sale in 2024 mean there is room to negotiate. Worth a showing if the rent roll and licensing check out.
Things to consider
- Legal unit count is unclear If only two units are legal, income and financing assumptions change, and fines or forced changes are possible.
- Estimated rents drive the cash flow The $228/mo comes from our rent estimates, not actual leases. Real rents could be lower or higher.
- No rental license on file An unlicensed building can mean no inspection history and extra cost to get compliant.
- Seller paid more in 2024 The owner bought at $461K and is asking less. Find out why and what leverage that gives you.
- Taxes are high and non-homestead At $7,914 a year, taxes take a large share of income. Owner-occupying may change the bill.
- Updates are described but unverified Roof and mechanical ages drive reserves. Photos show only one unit.Listing says: “All three units are in great condition with newer mechanicals, newer roof, and updated kitchens.”
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Condition and repairs
- doneNewer mechanicalsListing says: All three units are in great condition with newer mechanicals, newer roof, and updated kitchens.
- doneNewer roofListing says: All three units are in great condition with newer mechanicals, newer roof, and updated kitchens.
- doneUpdated kitchensListing says: All three units are in great condition with newer mechanicals, newer roof, and updated kitchens.
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
- $449,900
- Cash to close
- $58,487
- Price per unit
- $149,967
- GRM
- 7.4
Each month
- Cash flow
- −$324/mo
- Cash-on-cash
- −6.6%
- Cap rate
- 7.0%
- DSCR
- 0.89×
Break-even
- Price that breaks even
- $400,441
- Rent that breaks even
- $5,471/mo
Long run
- Year 30: property vs stocks
- $1.93M vs $513K
- Cash flow turns positive
- year 5
The deal
- Price
- $449,900
- Cash to close
- $58,487
- Price per unit
- $149,967
- GRM
- 7.4
Each month
- Cash flow
- −$751/mo
- Cash-on-cash
- −15.4%
- Cap rate
- 5.9%
- DSCR
- 0.75×
Break-even
- Price that breaks even
- $335,217
- Rent that breaks even
- $6,146/mo
Long run
- Year 30: property vs stocks
- $1.44M vs $688K
- Cash flow turns positive
- year 9
The deal
- Price
- $439,900
- Cash to close
- $57,187
- Price per unit
- $146,633
- GRM
- 7.3
Each month
- Cash flow
- −$258/mo
- Cash-on-cash
- −5.4%
- Cap rate
- 7.2%
- DSCR
- 0.91×
Break-even
- Price that breaks even
- $400,441
- Rent that breaks even
- $5,386/mo
Long run
- Year 30: property vs stocks
- $1.95M vs $483K
- Cash flow turns positive
- year 5
The deal
- Price
- $439,900
- Cash to close
- $57,187
- Price per unit
- $146,633
- GRM
- 7.3
Each month
- Cash flow
- −$686/mo
- Cash-on-cash
- −14.4%
- Cap rate
- 6.0%
- DSCR
- 0.76×
Break-even
- Price that breaks even
- $335,217
- Rent that breaks even
- $6,050/mo
Long run
- Year 30: property vs stocks
- $1.45M vs $644K
- Cash flow turns positive
- year 8
The deal
- Price
- $449,900
- Cash to close
- $103,477
- Price per unit
- $149,967
- GRM
- 7.4
Each month
- Cash flow
- $228/mo
- Cash-on-cash
- 2.6%
- Cap rate
- 7.0%
- DSCR
- 1.10×
Break-even
- Price that breaks even
- $492,816
- Rent that breaks even
- $4,753/mo
Long run
- Year 30: property vs stocks
- $2.28M vs $788K
- Cash flow turns positive
- year 1
The deal
- Price
- $449,900
- Cash to close
- $103,477
- Price per unit
- $149,967
- GRM
- 7.4
Each month
- Cash flow
- −$199/mo
- Cash-on-cash
- −2.3%
- Cap rate
- 5.9%
- DSCR
- 0.92×
Break-even
- Price that breaks even
- $412,546
- Rent that breaks even
- $5,340/mo
Long run
- Year 30: property vs stocks
- $1.65M vs $823K
- Cash flow turns positive
- year 5
The deal
- Price
- $439,900
- Cash to close
- $101,177
- Price per unit
- $146,633
- GRM
- 7.3
Each month
- Cash flow
- $282/mo
- Cash-on-cash
- 3.3%
- Cap rate
- 7.2%
- DSCR
- 1.12×
Break-even
- Price that breaks even
- $492,816
- Rent that breaks even
- $4,684/mo
Long run
- Year 30: property vs stocks
- $2.31M vs $770K
- Cash flow turns positive
- year 1
The deal
- Price
- $439,900
- Cash to close
- $101,177
- Price per unit
- $146,633
- GRM
- 7.3
Each month
- Cash flow
- −$146/mo
- Cash-on-cash
- −1.7%
- Cap rate
- 6.0%
- DSCR
- 0.94×
Break-even
- Price that breaks even
- $412,546
- Rent that breaks even
- $5,262/mo
Long run
- Year 30: property vs stocks
- $1.67M vs $791K
- Cash flow turns positive
- year 4
The deal
- Price
- $449,900
- Cash to close
- $125,972
- Price per unit
- $149,967
- GRM
- 7.4
Each month
- Cash flow
- $378/mo
- Cash-on-cash
- 3.6%
- Cap rate
- 7.0%
- DSCR
- 1.17×
Break-even
- Price that breaks even
- $525,671
- Rent that breaks even
- $4,559/mo
Long run
- Year 30: property vs stocks
- $2.45M vs $959K
- Cash flow turns positive
- year 1
The deal
- Price
- $449,900
- Cash to close
- $125,972
- Price per unit
- $149,967
- GRM
- 7.4
Each month
- Cash flow
- −$49/mo
- Cash-on-cash
- −0.5%
- Cap rate
- 5.9%
- DSCR
- 0.98×
Break-even
- Price that breaks even
- $440,049
- Rent that breaks even
- $5,122/mo
Long run
- Year 30: property vs stocks
- $1.78M vs $963K
- Cash flow turns positive
- year 2
The deal
- Price
- $439,900
- Cash to close
- $123,172
- Price per unit
- $146,633
- GRM
- 7.3
Each month
- Cash flow
- $428/mo
- Cash-on-cash
- 4.2%
- Cap rate
- 7.2%
- DSCR
- 1.19×
Break-even
- Price that breaks even
- $525,671
- Rent that breaks even
- $4,494/mo
Long run
- Year 30: property vs stocks
- $2.48M vs $938K
- Cash flow turns positive
- year 1
The deal
- Price
- $439,900
- Cash to close
- $123,172
- Price per unit
- $146,633
- GRM
- 7.3
Each month
- Cash flow
- $1/mo
- Cash-on-cash
- 0.0%
- Cap rate
- 6.0%
- DSCR
- 1.00×
Break-even
- Price that breaks even
- $440,049
- Rent that breaks even
- $5,049/mo
Long run
- Year 30: property vs stocks
- $1.81M vs $938K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Net operating income | $2,623 |
| Mortgage (principal + interest) | −$2,694 |
| PMI | −$253 |
| Cash flow | −$324 |
| Principal paid down (equity, not cash) | $343 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Property management | −$427 |
| Net operating income | $2,196 |
| Mortgage (principal + interest) | −$2,694 |
| PMI | −$253 |
| Cash flow | −$751 |
| Principal paid down (equity, not cash) | $343 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Net operating income | $2,623 |
| Mortgage (principal + interest) | −$2,634 |
| PMI | −$247 |
| Cash flow | −$258 |
| Principal paid down (equity, not cash) | $335 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Property management | −$427 |
| Net operating income | $2,196 |
| Mortgage (principal + interest) | −$2,634 |
| PMI | −$247 |
| Cash flow | −$686 |
| Principal paid down (equity, not cash) | $335 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Net operating income | $2,623 |
| Mortgage (principal + interest) | −$2,395 |
| Cash flow | $228 |
| Principal paid down (equity, not cash) | $305 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Property management | −$427 |
| Net operating income | $2,196 |
| Mortgage (principal + interest) | −$2,395 |
| Cash flow | −$199 |
| Principal paid down (equity, not cash) | $305 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Net operating income | $2,623 |
| Mortgage (principal + interest) | −$2,341 |
| Cash flow | $282 |
| Principal paid down (equity, not cash) | $298 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Property management | −$427 |
| Net operating income | $2,196 |
| Mortgage (principal + interest) | −$2,341 |
| Cash flow | −$146 |
| Principal paid down (equity, not cash) | $298 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Net operating income | $2,623 |
| Mortgage (principal + interest) | −$2,245 |
| Cash flow | $378 |
| Principal paid down (equity, not cash) | $286 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Property management | −$427 |
| Net operating income | $2,196 |
| Mortgage (principal + interest) | −$2,245 |
| Cash flow | −$49 |
| Principal paid down (equity, not cash) | $286 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Net operating income | $2,623 |
| Mortgage (principal + interest) | −$2,195 |
| Cash flow | $428 |
| Principal paid down (equity, not cash) | $279 |
| Rent | $5,050 |
| Vacancy (6%) | −$303 |
| Collected | $4,747 |
| Property tax Public record | −$659 |
| Insurance Estimate | −$291 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$404 |
| Capital reserve (9% of rent) | −$454 |
| Property management | −$427 |
| Net operating income | $2,196 |
| Mortgage (principal + interest) | −$2,195 |
| Cash flow | $1 |
| Principal paid down (equity, not cash) | $279 |
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
- $1,026,503
- Rental profits, invested at 7%
- $899,591
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $404,910 of loan.
$464,310 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $445,218
- Monthly shortfalls, invested
- $67,991
$58,487 put into an index fund instead of the down payment and closing costs.
$10,246 you'd have paid in while the building lost money, invested instead.
The building comes out $1,412,887 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $409,614
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $404,910 of loan.
$249,032 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $445,218
- Monthly shortfalls, invested
- $242,569
$58,487 put into an index fund instead of the down payment and closing costs.
$38,876 you'd have paid in while the building lost money, invested instead.
The building comes out $748,330 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $948,937
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $395,910 of loan.
$482,992 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $435,322
- Monthly shortfalls, invested
- $47,723
$57,187 put into an index fund instead of the down payment and closing costs.
$7,102 you'd have paid in while the building lost money, invested instead.
The building comes out $1,469,579 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $445,507
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $395,910 of loan.
$264,993 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $435,322
- Monthly shortfalls, invested
- $208,849
$57,187 put into an index fund instead of the down payment and closing costs.
$33,011 you'd have paid in while the building lost money, invested instead.
The building comes out $805,024 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $1,249,190
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $359,920 of loan.
$573,966 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $787,693
$103,477 put into an index fund instead of the down payment and closing costs.
The building comes out $1,488,001 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $619,624
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $359,920 of loan.
$335,239 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $787,693
- Monthly shortfalls, invested
- $34,989
$103,477 put into an index fund instead of the down payment and closing costs.
$5,180 you'd have paid in while the building lost money, invested instead.
The building comes out $823,445 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $1,309,522
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $351,920 of loan.
$593,127 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $770,185
$101,177 put into an index fund instead of the down payment and closing costs.
The building comes out $1,543,024 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $666,119
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $351,920 of loan.
$352,298 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $770,185
- Monthly shortfalls, invested
- $21,153
$101,177 put into an index fund instead of the down payment and closing costs.
$3,079 you'd have paid in while the building lost money, invested instead.
The building comes out $878,469 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $1,418,834
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $337,425 of loan.
$627,844 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $958,931
$125,972 put into an index fund instead of the down payment and closing costs.
The building comes out $1,486,407 ahead after 30 years.
- Your equity when you sell
- $1,026,503
- Rental profits, invested at 7%
- $758,475
Sells for $1,092,025 (value up 3% a year), minus 6% selling cost ($65,522). Rent paid down $337,425 of loan.
$384,526 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $958,931
- Monthly shortfalls, invested
- $4,196
$125,972 put into an index fund instead of the down payment and closing costs.
$590 you'd have paid in while the building lost money, invested instead.
The building comes out $821,852 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $1,475,395
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $329,925 of loan.
$645,807 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $937,617
$123,172 put into an index fund instead of the down payment and closing costs.
The building comes out $1,541,465 ahead after 30 years.
- Your equity when you sell
- $1,003,688
- Rental profits, invested at 7%
- $810,839
Sells for $1,067,753 (value up 3% a year), minus 6% selling cost ($64,065). Rent paid down $329,925 of loan.
$401,899 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $937,617
$123,172 put into an index fund instead of the down payment and closing costs.
The building comes out $876,910 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 $1.93M, stocks $513K. The property wins.
Year 30 (loan paid off): property $1.44M, stocks $688K. The property wins.
Year 30 (loan paid off): property $1.95M, stocks $483K. The property wins.
Year 30 (loan paid off): property $1.45M, stocks $644K. The property wins.
Year 30 (loan paid off): property $2.28M, stocks $788K. The property wins.
Year 30 (loan paid off): property $1.65M, stocks $823K. The property wins.
Year 30 (loan paid off): property $2.31M, stocks $770K. The property wins.
Year 30 (loan paid off): property $1.67M, stocks $791K. The property wins.
Year 30 (loan paid off): property $2.45M, stocks $959K. The property wins.
Year 30 (loan paid off): property $1.78M, stocks $963K. The property wins.
Year 30 (loan paid off): property $2.48M, stocks $938K. The property wins.
Year 30 (loan paid off): property $1.81M, stocks $938K. 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 $1,850/mo · range $1,625–$2,100
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1704 Jefferson St NE, Units 2 & 655, Minneapoli… off market | $1,550 | 2 / 1 | 0.7 mi | 93% |
| 524 8th Ave NE, Minneapolis 55413 off market | $1,645 | 2 / 1 | 0.2 mi | 91% |
| 1704 Jefferson St NE, Minneapolis 55413 off market | $1,600 | 2 / 1 | 0.7 mi | 90% |
| 1222 2nd St NE, Minneapolis 55413 | $2,299 | 2 / 2 | 0.4 mi | 90% |
| 1401 3rd St NE, Apt 3, Minneapolis 55413 off market | $1,650 | 2 / 1 | 0.5 mi | 89% |
| 1401 3rd St NE, Apt 1, Minneapolis 55413 off market | $1,650 | 2 / 1 | 0.5 mi | 89% |
| 801 University Ave NE, Minneapolis 55413 off market | $1,550 | 2 / 1 | 0.1 mi | 89% |
| 1110 6th St NE, Unit 1, Minneapolis 55413 off market | $1,649 | 2 / 1 | 0.2 mi | 88% |
| 1226 Adams St NE, Minneapolis 55413 | $2,049 | 3 / 1 | 0.4 mi | 88% |
| 1618 Washington St NE, Minneapolis 55413 off market | $1,995 | 2 / 1 | 0.6 mi | 88% |
1 bed / 1 bath estimate $1,350/mo · range $1,175–$1,525
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 314 13th Ave NE, Minneapolis 55413 off market | $1,360 | 1 / 1 | 0.4 mi | 93% |
| 843 Summer St NE, Minneapolis 55413 off market | $1,150 | 1 / 1 | 0.6 mi | 93% |
| 847 Summer St NE, Minneapolis 55413 off market | $1,150 | 1 / 1 | 0.6 mi | 93% |
| 45 University Ave SE, Unit 402, Minneapolis 55414 off market | $1,300 | 1 / 1 | 0.6 mi | 93% |
| 327 University Ave SE, Minneapolis 55414 off market | $990 | 1 / 1 | 0.9 mi | 93% |
| 1903 3rd St NE, Minneapolis 55418 off market | $1,200 | 1 / 1 | 0.8 mi | 93% |
| 621 5th Ave SE, Minneapolis 55414 | $975 | 1 / 1 | 0.9 mi | 93% |
| 1115 1/2 4th St NE, Minneapolis 55413 off market | $1,199 | 1 / 1 | 0.8 mi | 93% |
| 438 University Ave NE, Apt 2, Minneapolis 55413 off market | $1,450 | 1 / 1 | 0.2 mi | 88% |
| 136 14th Ave NE, Minneapolis 55413 off market | $1,599 | 1 / 1 | 0.6 mi | 88% |
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
- highThird unit may not be legal or licensed. County lists a duplex with an ADU, not a triplex. Based on: data: county.dwelling_type · AI review
- 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 318 7TH AVE N E
- mediumListing gives no rents, lease status or occupancy. Income is unverified. Listing says: Great opportunity to house hack and build equity from day one. · AI review
- mediumCondition claims are vague. 'Newer' mechanicals and roof come with no years or details. Listing says: All three units are in great condition with newer mechanicals, newer roof, and updated kitchens. · AI review
- lowSold for $461,000 in Feb 2024, more than today's asking price. Ask why the owner is selling again so soon. Public record: Hennepin County parcel 1402924310162: last sale 2024-02-01, $461,000
- lowVinyl and older siding on a 1900 building with additions. Check for hidden moisture and framing issues. Based on: photo 3 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 151 days on market
- Minneapolis has no rent cap, so below-market rents can be raised. Based on: data: underwriting.rent_rule · AI review
- Price is below the 2024 sale and 151 days on market gives negotiating room. Based on: data: listing.days_on_market · AI review
- Owner-occupy one unit to lower your housing cost. Listing says: Great opportunity to house hack and build equity from day one. · AI review
Questions for the agent
- Is the third unit a legal, permitted unit, and is the building licensed as a rental in Minneapolis?
- Can I see the rent roll, leases, and trailing-12 expenses?
- Who pays heat, water and electric, and is it one furnace or separate systems?
- What are the years on the roof, furnace(s), water heaters and electrical panels?
- Why is the seller selling after buying at $461K in Feb 2024?
- Why has it sat 151 days, and have there been price cuts or offers?
Bottom line
Numbers work at the ask on estimated rents, but verify the third unit's legality and actual rents before spending time on an offer. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $7,914 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $3,493 |
| 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 2026-05-07 (151 days); down $25,100 (5.3%) from the first ask of $475,000; last sold for $461,000 on 2024-03-01.
| Date | Event | Price |
|---|---|---|
| Price changed | $449,900 | |
| Price changed | $460,000 | |
| Removed | $484,600 | |
| Listed | $475,000 | |
| Sold public record | $461,000 | |
| Sold | $330,000 | |
| Price changed | $324,900 | |
| Listed | $349,000 | |
| Sold public record | $97,450 | |
| Removed | $179,900 | |
| Price changed | $179,900 | |
| Price changed | $189,900 | |
| Listed | $199,900 | |
| Sold public record | $97,450 | |
| Sold public record | $47,500 |
County record Public record
| Recorded as | duplex w/adu |
| Living units | 3 |
| Year built | 1900 |
| Market value (2026) | $416,700 |
| Property tax | $7,914 |
| Special assessments | none |
| Homestead | no |
| Last sale | 2024-02-01 · $461,000 |
Source: Hennepin County parcel records.
City rental license
No record in Minneapolis Active Rental Licenses.
Nearest highway
I 394, about 1709 m away.
Crime in St. Anthony West
170 incidents in the last 12 months (65 per 1,000 residents), +31% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).