5749 Bloomington Ave
Duplex · 2 units: 2 bed / 1 bath ×2 unit split estimated · 1,844 sq ft
Minneapolis, MN · Diamond Lake · View the listing ↗
Photos courtesy of Edina Realty, Inc., via Realtor.com.
- Asking price
- $400,000 2 units · $200K per unit
- Monthly cash flow
- −$462 at 20% down, 7%
- Estimated rent
- $3,500/mo medium confidence
- Break-even price
- $313,136 where cash flow hits $0
First look
This is a 1960 one-level duplex with two 2-bed/1-bath units, priced at $400K. At today's rates it doesn't work. Our estimate is about $1,750 per unit, which gives a cap rate near 5% and roughly -$462 a month at the ask. Break-even is closer to $313K, so this only makes sense as an owner-occupied buy, or at a lower price. No rents are stated, so get the actual rent roll and lease terms first. Then check the airport noise program work and the ownership of the appliances. Not worth a showing as a pure investment unless the seller moves hard on price.
Things to consider
- Price is far above what the rents support At the ask the deal loses about $460 a month in our model. Break-even is about 22% below the asking price.
- No rents or lease info Our income is estimated at $1,750 per unit. Actual rents could be lower or higher, and the cap rate depends on them.Listing says: “Unit 5751 tenant has expressed an interest in continuing to lease from the new owner.”
- Owner-occupancy is the best fit Living in one unit lowers the cash drag and may allow owner-occupant financing. Confirm lender terms yourself.Listing says: “Perfect opportunity to own/occupy or add to your investment portfolio”
- Seller has very low basis and may negotiate They bought in 1989 for $87K, so a lower offer still leaves them a large gain. The listing is only 3 days old, so there's little market signal yet.
- Heavy tax bill at the non-homestead rate Taxes are over $7,700 a year, which cuts deeply into net income.
- Building systems unknown The 1960 build year means the roof, furnace and electrical could be near end of life. Photos don't show them.
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
- doneUpgraded insulation and windows through the MSP noise mitigation programListing says: Both units have upgraded insulation and windows courtesy of the MSP Residential Noise Mitigation Program
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
- $400,000
- Cash to close
- $52,000
- Price per unit
- $200,000
- GRM
- 9.5
Each month
- Cash flow
- −$953/mo
- Cash-on-cash
- −22.0%
- Cap rate
- 5.0%
- DSCR
- 0.64×
Break-even
- Price that breaks even
- $254,440
- Rent that breaks even
- $4,722/mo
Long run
- Year 30: property vs stocks
- $1.06M vs $835K
- Cash flow turns positive
- year 15
The deal
- Price
- $400,000
- Cash to close
- $52,000
- Price per unit
- $200,000
- GRM
- 9.5
Each month
- Cash flow
- −$1,250/mo
- Cash-on-cash
- −28.8%
- Cap rate
- 4.1%
- DSCR
- 0.52×
Break-even
- Price that breaks even
- $209,236
- Rent that breaks even
- $5,297/mo
Long run
- Year 30: property vs stocks
- $937K vs $1.17M
- Cash flow turns positive
- year 23
The deal
- Price
- $390,000
- Cash to close
- $50,700
- Price per unit
- $195,000
- GRM
- 9.3
Each month
- Cash flow
- −$888/mo
- Cash-on-cash
- −21.0%
- Cap rate
- 5.1%
- DSCR
- 0.65×
Break-even
- Price that breaks even
- $254,440
- Rent that breaks even
- $4,638/mo
Long run
- Year 30: property vs stocks
- $1.06M vs $776K
- Cash flow turns positive
- year 14
The deal
- Price
- $390,000
- Cash to close
- $50,700
- Price per unit
- $195,000
- GRM
- 9.3
Each month
- Cash flow
- −$1,184/mo
- Cash-on-cash
- −28.0%
- Cap rate
- 4.2%
- DSCR
- 0.54×
Break-even
- Price that breaks even
- $209,236
- Rent that breaks even
- $5,203/mo
Long run
- Year 30: property vs stocks
- $922K vs $1.10M
- Cash flow turns positive
- year 22
The deal
- Price
- $400,000
- Cash to close
- $92,000
- Price per unit
- $200,000
- GRM
- 9.5
Each month
- Cash flow
- −$462/mo
- Cash-on-cash
- −6.0%
- Cap rate
- 5.0%
- DSCR
- 0.78×
Break-even
- Price that breaks even
- $313,136
- Rent that breaks even
- $4,093/mo
Long run
- Year 30: property vs stocks
- $1.17M vs $876K
- Cash flow turns positive
- year 11
The deal
- Price
- $400,000
- Cash to close
- $92,000
- Price per unit
- $200,000
- GRM
- 9.5
Each month
- Cash flow
- −$758/mo
- Cash-on-cash
- −9.9%
- Cap rate
- 4.1%
- DSCR
- 0.64×
Break-even
- Price that breaks even
- $257,503
- Rent that breaks even
- $4,591/mo
Long run
- Year 30: property vs stocks
- $981K vs $1.15M
- Cash flow turns positive
- year 19
The deal
- Price
- $390,000
- Cash to close
- $89,700
- Price per unit
- $195,000
- GRM
- 9.3
Each month
- Cash flow
- −$409/mo
- Cash-on-cash
- −5.5%
- Cap rate
- 5.1%
- DSCR
- 0.80×
Break-even
- Price that breaks even
- $313,136
- Rent that breaks even
- $4,024/mo
Long run
- Year 30: property vs stocks
- $1.17M vs $826K
- Cash flow turns positive
- year 10
The deal
- Price
- $390,000
- Cash to close
- $89,700
- Price per unit
- $195,000
- GRM
- 9.3
Each month
- Cash flow
- −$705/mo
- Cash-on-cash
- −9.4%
- Cap rate
- 4.2%
- DSCR
- 0.66×
Break-even
- Price that breaks even
- $257,503
- Rent that breaks even
- $4,514/mo
Long run
- Year 30: property vs stocks
- $971K vs $1.08M
- Cash flow turns positive
- year 18
The deal
- Price
- $400,000
- Cash to close
- $112,000
- Price per unit
- $200,000
- GRM
- 9.5
Each month
- Cash flow
- −$329/mo
- Cash-on-cash
- −3.5%
- Cap rate
- 5.0%
- DSCR
- 0.84×
Break-even
- Price that breaks even
- $334,012
- Rent that breaks even
- $3,922/mo
Long run
- Year 30: property vs stocks
- $1.24M vs $952K
- Cash flow turns positive
- year 8
The deal
- Price
- $400,000
- Cash to close
- $112,000
- Price per unit
- $200,000
- GRM
- 9.5
Each month
- Cash flow
- −$625/mo
- Cash-on-cash
- −6.7%
- Cap rate
- 4.1%
- DSCR
- 0.69×
Break-even
- Price that breaks even
- $274,670
- Rent that breaks even
- $4,399/mo
Long run
- Year 30: property vs stocks
- $1.02M vs $1.18M
- Cash flow turns positive
- year 16
The deal
- Price
- $390,000
- Cash to close
- $109,200
- Price per unit
- $195,000
- GRM
- 9.3
Each month
- Cash flow
- −$279/mo
- Cash-on-cash
- −3.1%
- Cap rate
- 5.1%
- DSCR
- 0.86×
Break-even
- Price that breaks even
- $334,012
- Rent that breaks even
- $3,858/mo
Long run
- Year 30: property vs stocks
- $1.25M vs $907K
- Cash flow turns positive
- year 7
The deal
- Price
- $390,000
- Cash to close
- $109,200
- Price per unit
- $195,000
- GRM
- 9.3
Each month
- Cash flow
- −$575/mo
- Cash-on-cash
- −6.3%
- Cap rate
- 4.2%
- DSCR
- 0.70×
Break-even
- Price that breaks even
- $274,670
- Rent that breaks even
- $4,328/mo
Long run
- Year 30: property vs stocks
- $1.01M vs $1.12M
- Cash flow turns positive
- year 15
Monthly
Monthly breakdown
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Net operating income | $1,667 |
| Mortgage (principal + interest) | −$2,395 |
| PMI | −$225 |
| Cash flow | −$953 |
| Principal paid down (equity, not cash) | $305 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Property management | −$296 |
| Net operating income | $1,371 |
| Mortgage (principal + interest) | −$2,395 |
| PMI | −$225 |
| Cash flow | −$1,250 |
| Principal paid down (equity, not cash) | $305 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Net operating income | $1,667 |
| Mortgage (principal + interest) | −$2,335 |
| PMI | −$219 |
| Cash flow | −$888 |
| Principal paid down (equity, not cash) | $297 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Property management | −$296 |
| Net operating income | $1,371 |
| Mortgage (principal + interest) | −$2,335 |
| PMI | −$219 |
| Cash flow | −$1,184 |
| Principal paid down (equity, not cash) | $297 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Net operating income | $1,667 |
| Mortgage (principal + interest) | −$2,129 |
| Cash flow | −$462 |
| Principal paid down (equity, not cash) | $271 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Property management | −$296 |
| Net operating income | $1,371 |
| Mortgage (principal + interest) | −$2,129 |
| Cash flow | −$758 |
| Principal paid down (equity, not cash) | $271 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Net operating income | $1,667 |
| Mortgage (principal + interest) | −$2,076 |
| Cash flow | −$409 |
| Principal paid down (equity, not cash) | $264 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Property management | −$296 |
| Net operating income | $1,371 |
| Mortgage (principal + interest) | −$2,076 |
| Cash flow | −$705 |
| Principal paid down (equity, not cash) | $264 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Net operating income | $1,667 |
| Mortgage (principal + interest) | −$1,996 |
| Cash flow | −$329 |
| Principal paid down (equity, not cash) | $254 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Property management | −$296 |
| Net operating income | $1,371 |
| Mortgage (principal + interest) | −$1,996 |
| Cash flow | −$625 |
| Principal paid down (equity, not cash) | $254 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Net operating income | $1,667 |
| Mortgage (principal + interest) | −$1,946 |
| Cash flow | −$279 |
| Principal paid down (equity, not cash) | $248 |
| Rent | $3,500 |
| Vacancy (6%) | −$210 |
| Collected | $3,290 |
| Property tax Public record | −$645 |
| Insurance Estimate | −$188 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$280 |
| Capital reserve (8% of rent) | −$280 |
| Property management | −$296 |
| Net operating income | $1,371 |
| Mortgage (principal + interest) | −$1,946 |
| Cash flow | −$575 |
| Principal paid down (equity, not cash) | $248 |
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
- $912,651
- Rental profits, invested at 7%
- $148,813
Sells for $970,905 (value up 3% a year), minus 6% selling cost ($58,254). Rent paid down $360,000 of loan.
$105,808 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $395,837
- Monthly shortfalls, invested
- $438,800
$52,000 put into an index fund instead of the down payment and closing costs.
$78,991 you'd have paid in while the building lost money, invested instead.
The building comes out $226,825 ahead after 30 years.
- Your equity when you sell
- $912,651
- Rental profits, invested at 7%
- $24,777
Sells for $970,905 (value up 3% a year), minus 6% selling cost ($58,254). Rent paid down $360,000 of loan.
$21,521 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $395,837
- Monthly shortfalls, invested
- $775,348
$52,000 put into an index fund instead of the down payment and closing costs.
$163,748 you'd have paid in while the building lost money, invested instead.
Stocks come out $233,757 ahead after 30 years.
- Your equity when you sell
- $889,834
- Rental profits, invested at 7%
- $169,235
Sells for $946,632 (value up 3% a year), minus 6% selling cost ($56,798). Rent paid down $351,000 of loan.
$117,435 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $385,941
- Monthly shortfalls, invested
- $389,610
$50,700 put into an index fund instead of the down payment and closing costs.
$68,791 you'd have paid in while the building lost money, invested instead.
The building comes out $283,518 ahead after 30 years.
- Your equity when you sell
- $889,834
- Rental profits, invested at 7%
- $32,204
Sells for $946,632 (value up 3% a year), minus 6% selling cost ($56,798). Rent paid down $351,000 of loan.
$27,301 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $385,941
- Monthly shortfalls, invested
- $713,161
$50,700 put into an index fund instead of the down payment and closing costs.
$147,703 you'd have paid in while the building lost money, invested instead.
Stocks come out $177,065 ahead after 30 years.
- Your equity when you sell
- $912,651
- Rental profits, invested at 7%
- $257,186
Sells for $970,905 (value up 3% a year), minus 6% selling cost ($58,254). Rent paid down $320,000 of loan.
$163,037 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $700,327
- Monthly shortfalls, invested
- $175,900
$92,000 put into an index fund instead of the down payment and closing costs.
$29,616 you'd have paid in while the building lost money, invested instead.
The building comes out $293,609 ahead after 30 years.
- Your equity when you sell
- $912,651
- Rental profits, invested at 7%
- $68,409
Sells for $970,905 (value up 3% a year), minus 6% selling cost ($58,254). Rent paid down $320,000 of loan.
$52,996 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $700,327
- Monthly shortfalls, invested
- $447,706
$92,000 put into an index fund instead of the down payment and closing costs.
$88,620 you'd have paid in while the building lost money, invested instead.
Stocks come out $166,974 ahead after 30 years.
- Your equity when you sell
- $889,834
- Rental profits, invested at 7%
- $285,089
Sells for $946,632 (value up 3% a year), minus 6% selling cost ($56,798). Rent paid down $312,000 of loan.
$176,255 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $682,819
- Monthly shortfalls, invested
- $143,472
$89,700 put into an index fund instead of the down payment and closing costs.
$23,673 you'd have paid in while the building lost money, invested instead.
The building comes out $348,632 ahead after 30 years.
- Your equity when you sell
- $889,834
- Rental profits, invested at 7%
- $80,881
Sells for $946,632 (value up 3% a year), minus 6% selling cost ($56,798). Rent paid down $312,000 of loan.
$61,125 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $682,819
- Monthly shortfalls, invested
- $399,847
$89,700 put into an index fund instead of the down payment and closing costs.
$77,588 you'd have paid in while the building lost money, invested instead.
Stocks come out $111,950 ahead after 30 years.
- Your equity when you sell
- $912,651
- Rental profits, invested at 7%
- $331,624
Sells for $970,905 (value up 3% a year), minus 6% selling cost ($58,254). Rent paid down $300,000 of loan.
$197,225 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $852,573
- Monthly shortfalls, invested
- $99,510
$112,000 put into an index fund instead of the down payment and closing costs.
$15,902 you'd have paid in while the building lost money, invested instead.
The building comes out $292,192 ahead after 30 years.
- Your equity when you sell
- $912,651
- Rental profits, invested at 7%
- $102,533
Sells for $970,905 (value up 3% a year), minus 6% selling cost ($58,254). Rent paid down $300,000 of loan.
$74,545 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $852,573
- Monthly shortfalls, invested
- $331,002
$112,000 put into an index fund instead of the down payment and closing costs.
$62,267 you'd have paid in while the building lost money, invested instead.
Stocks come out $168,391 ahead after 30 years.
- Your equity when you sell
- $889,834
- Rental profits, invested at 7%
- $363,997
Sells for $946,632 (value up 3% a year), minus 6% selling cost ($56,798). Rent paid down $292,500 of loan.
$211,076 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $831,258
- Monthly shortfalls, invested
- $75,322
$109,200 put into an index fund instead of the down payment and closing costs.
$11,790 you'd have paid in while the building lost money, invested instead.
The building comes out $347,251 ahead after 30 years.
- Your equity when you sell
- $889,834
- Rental profits, invested at 7%
- $118,051
Sells for $946,632 (value up 3% a year), minus 6% selling cost ($56,798). Rent paid down $292,500 of loan.
$83,698 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $831,258
- Monthly shortfalls, invested
- $289,960
$109,200 put into an index fund instead of the down payment and closing costs.
$53,456 you'd have paid in while the building lost money, invested instead.
Stocks come out $113,332 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 $1.06M, stocks $835K. The property wins.
Year 30 (loan paid off): property $937K, stocks $1.17M. Stocks win.
Year 30 (loan paid off): property $1.06M, stocks $776K. The property wins.
Year 30 (loan paid off): property $922K, stocks $1.10M. Stocks win.
Year 30 (loan paid off): property $1.17M, stocks $876K. The property wins.
Year 30 (loan paid off): property $981K, stocks $1.15M. Stocks win.
Year 30 (loan paid off): property $1.17M, stocks $826K. The property wins.
Year 30 (loan paid off): property $971K, stocks $1.08M. Stocks win.
Year 30 (loan paid off): property $1.24M, stocks $952K. The property wins.
Year 30 (loan paid off): property $1.02M, stocks $1.18M. Stocks win.
Year 30 (loan paid off): property $1.25M, stocks $907K. The property wins.
Year 30 (loan paid off): property $1.01M, stocks $1.12M. Stocks win.
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 $1,750/mo · range $1,575–$1,925
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 4642 Bloomington Ave S, Minneapolis 55407 | $1,695 | 2 / 1 | 1.4 mi | 92% |
| 7100 Chicago Ave, Richfield 55423 off market | $1,350 | 2 / 1 | 1.7 mi | 91% |
| 5704 Chicago Ave, Minneapolis 55417 off market | $1,860 | 2 / 2 | 0.5 mi | 88% |
| 4817 Columbus Ave, Minneapolis 55417 off market | $1,750 | 2 / 1 | 1.3 mi | 88% |
| 4815-4817 Columbus Ave, Minneapolis 55417 off market | $1,750 | 2 / 1 | 1.3 mi | 88% |
| 5544 Chicago Ave S, Minneapolis 55417 off market | $1,350 | 2 / 1 | 0.6 mi | 87% |
| 4213 4215 Cedar Ave S, Minneapolis 55407 off market | $1,459 | 2 / 1 | 2.0 mi | 87% |
| 6612 12th Ave S, Richfield 55423 off market | $1,405 | 2 / 1 | 1.1 mi | 87% |
| 4815 Nicollet Ave, Minneapolis 55419 off market | $1,795 | 2 / 1 | 1.7 mi | 86% |
| 4525 Nicollet Ave, Minneapolis 55419 off market | $1,595 | 2 / 1 | 2.0 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
- highNo rents or lease terms given for the occupied unit, so income is unverified Listing says: Unit 5751 tenant has expressed an interest in continuing to lease from the new owner. · AI review
- mediumTaxes are at the non-homestead rate and heavy relative to likely rents Based on: data: county.tax · AI review
- lowTenant owns the washer, dryer and microwave, so the unit may have no laundry and no microwave when the tenant leaves Listing says: Renter in unit 5751 owns the microwave and washer and dryer. · AI review
- lowClose to the airport and about 400 m from a highway, so noise may limit tenant demand Based on: data: highway · AI review
Opportunities
- The seller bought for $87,000 in Feb 1989, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 2302824140134: last sale 1989-02-01, $87,000
- Owner-occupy one unit and rent the other to offset the cost Listing says: Perfect opportunity to own/occupy or add to your investment portfolio · AI review
- Unfinished lower levels could add space or storage, but check egress and permits Listing says: lower levels are unfinished · AI review
- No rent cap in Minneapolis, 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 both units?
- Is the 5749 tenant (if any) staying, and is that unit vacant at closing?
- Which unit does the 2-car garage serve, and do both tenants have parking?
- What did the noise mitigation work include, and is there paperwork? Any HVAC or air exchanger included?
- Who owns the laundry in each unit, and will a washer and dryer stay for the other unit?
- What are the trailing 12 months of utility costs, and who pays each?
Bottom line
A clean, simple duplex, but at $400K the numbers lose about $460 a month, so it only works as an owner-occupant purchase or at a lower price. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $7,739 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,261 |
| 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. base rate | 8% / 8% |
Price history Realtor.com
On the market since 2026-09-29 (6 days); last sold for $87,000 on 1989-02-01.
| Date | Event | Price |
|---|---|---|
| Listed | $400,000 | |
| Sold public record | $87,000 | |
| Sold public record | $102,000 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1960 |
| Market value (2026) | $409,100 |
| Property tax | $7,739 |
| Special assessments | none |
| Homestead | no |
| Last sale | 1989-02-01 · $87,000 |
Source: Hennepin County parcel records.
City rental license
CHOWNEXMPT: 2 unit(s), Tier 1, status active, renews 2027-03-01.
Nearest highway
CR 152, about 393 m away.
Crime in Diamond Lake
123 incidents in the last 12 months (21 per 1,000 residents), −8% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).