711/713 26th Ave S
Minneapolis, MN · Cedar Riverside · View the listing ↗
Photos, via Realtor.com.
Needs more info before these numbers mean much. No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
No rent estimate yet, so the numbers can't be run. Run it yourself in the calculator →
First look
This is three units on one lot: a 2-bed house in back and a 2-bed up/2-bed down duplex in front, asking $625K. The only stated rent is $1,405 on the back house, with a lease through 8/27/26, and the listing's own market rent of $1,900 is a projection, not income. The description says both duplex units are vacant, so there is no income history on them, and the back house lease is about to expire. Even at the listing's market rents (about $5,150/mo combined), $625K looks heavy at today's rates, and FACTS has no county record, tax figure or underwriting, so we can't confirm taxes or legal unit count. First steps: verify that Minneapolis licenses three units, pull the real tax bill, and check the heat setup, since one photo shows window AC units and no heating system is shown. Worth a showing only if the price comes down or the agent can document real rents.
Things to consider
- Income is mostly unproven Only one rent is stated, and the two duplex units are vacant. The listing's market rents are the seller's projections, so underwrite conservatively.Listing says: “Both vacant and ready for you or your tenants.”
- Price versus claimed rents Even if all three units rent at the listing's market rents, $625K leaves thin cash flow after taxes, insurance and any owner-paid utilities at current rates.
- Unit count and legality unverified We couldn't match a county record. A back house plus a duplex needs proper licensing, and an unlicensed unit can hurt financing and income.
- Back house lease expires 8/27/26 It's the only unit with income, and it ends soon. Check whether the tenant renews, and at what rent.Listing says: “Lease expires 8/27/26.”
- Heating and utility setup unknown Owner-paid heat on a shared system would cut into income. Window AC units suggest no central air.From photo 3
- Highway proximity I-94 is close, which can affect noise and tenant demand. Check this at a showing.
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
- Back single-family house: $1,405 (lease)Listing says: currently rented at $1405/mo Market rent is $1900. Lease expires 8/27/26.
Condition and repairs
- doneCosmetic updates and newer windowsListing says: Nice homes with cosmetic updates, newer windows and great layouts.
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.
Red flags and opportunities
Watch for
- highDuplex units are vacant, so there is no rent history. Income is unproven. Listing says: Both vacant and ready for you or your tenants. · AI review
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 711/713 26TH AVE S
- mediumBack house is rented about $495/mo below the listing's claimed market rent, and the lease ends soon. Listing says: currently rented at $1405/mo Market rent is $1900. Lease expires 8/27/26. · AI review
- mediumListing is pitched at owner-occupants, which suggests the price may be set for that buyer, not an investor. Listing says: Set up for immediate owner occupant in Single family or the duplex. · AI review
- medium80 days on market with no tax, unit-count or rental-license data to check against. Based on: data: listing.days_on_market · AI review
- lowHighway sits about 194 m away, which may mean noise and could limit rents. Based on: data: highway.distance_m · AI review
Opportunities
- Back house could be re-rented at a higher rent when the lease ends, if the claimed $1,900 holds up. Listing says: currently rented at $1405/mo Market rent is $1900. Lease expires 8/27/26. · AI review
- Minneapolis has no rent cap, so rents can move to market once units turn over. Based on: data: city · AI review
- Three units on one parcel can be rented separately, and the back house is private. Listing says: Two great rentals on one parcel. · AI review
Questions for the agent
- Is the property licensed as three rental units, and is the back house a legal separate dwelling?
- What are the real taxes, and are there any special assessments?
- How are heat, water and electric set up? Separate meters and furnaces per unit, or shared?
- Why are both duplex units vacant, and what did the last tenants pay?
- What are the roof, furnace and water heater ages, and what is the electrical panel type?
- Is any price flexibility available after 80 days on market?
Bottom line
Three 2-bed units with a claimed $5,150/mo in market rents, but only one verified rent and a $625K price that looks too high until the income is proven. AI-assisted summary
What the records say
Where each number comes from
Price history Realtor.com
On the market since 2026-05-19 (139 days, relisted 1×); last sold for $72,000 on 1997-03-03; listed for rent at $1,700/mo on 2026-05-11.
| Date | Event | Price |
|---|---|---|
| Listed | $625,000 | |
| Removed | — | |
| Removed | — | |
| Listed for rent | $1,700/mo | |
| Listed for rent | $1,400/mo | |
| Removed | — | |
| Rent changed | $1,449/mo | |
| Listed for rent | $1,499/mo | |
| Removed | — | |
| Rent changed | $1,499/mo | |
| Removed | — | |
| Listed for rent | $1,550/mo | |
| Listed for rent | $1,550/mo | |
| Sold public record | $72,000 |
From the listing Listing
| Listed as | apartments |
| Property tax, 2026 | $8,080 |
| County | Hennepin |
| Parcel number | 2502924430053 |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
City rental license
No record in Minneapolis Active Rental Licenses.
Nearest highway
I 94, about 194 m away.
Crime in Cedar Riverside
378 incidents in the last 12 months (42 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).