810 30th Ave N
Duplex · 2 units: 2 bed / 1 bath and 1 bed / 1 bath unit split estimated · 2,600 sq ft
Minneapolis, MN · Hawthorne · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $175,000 2 units · $88K per unit
- Monthly cash flow
- $397 at 20% down, 7%
- Break-even price
- $249,614 where cash flow hits $0
First look
A $175K Minneapolis duplex that has sat 98 days with a vague, generic description and no rents, no lease info and no utility details. Our numbers show about $397/mo cash flow and a 9.1% cap rate at asking, but that rests entirely on our rent estimates of $1,150 to $1,575 per unit, not on actual rents. Hawthorne is a rougher area, so rent and vacancy risk is real, and the photos show cosmetic updates only. Seller paid $200K in 2022 and is now asking less, which fits a loss and room to negotiate. Ask for the rent roll, the utility bills and the age of the roof, furnace and electrical before spending time on a showing.
Things to consider
- Returns depend on estimated rents The 9.1% cap rate and $397/mo cash flow use our estimates, not actual rents. If real rents are lower or one unit is vacant, the numbers shrink quickly.
- Seller is asking less than they paid A 2022 purchase at $200K versus a $175K ask, plus 98 days on market, points to negotiating room but also possible hidden condition or tenant issues.
- Investor tax bill is non-homestead The county shows non-homestead status with about $3,781 in taxes, so the figure is already investor-level and in our underwriting.
- Condition is mostly unverified Photos show light cosmetic updates in one unit only. A 1902 building can hide old wiring, plumbing and foundation costs.From photo 2
- Long time on market gives leverage 98 days suggests the price or condition has not matched buyer expectations. You can likely negotiate or ask for credits after inspection.
From the photos
Based on 2 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
- $175,000
- Cash to close
- $22,750
- Price per unit
- $87,500
- GRM
- 5.4
Each month
- Cash flow
- $182/mo
- Cash-on-cash
- 9.6%
- Cap rate
- 9.1%
- DSCR
- 1.16×
Break-even
- Price that breaks even
- $202,825
- Rent that breaks even
- $2,488/mo
Long run
- Year 30: property vs stocks
- $1.18M vs $173K
- Cash flow turns positive
- year 1
The deal
- Price
- $175,000
- Cash to close
- $22,750
- Price per unit
- $87,500
- GRM
- 5.4
Each month
- Cash flow
- −$48/mo
- Cash-on-cash
- −2.5%
- Cap rate
- 7.5%
- DSCR
- 0.96×
Break-even
- Price that breaks even
- $167,630
- Rent that breaks even
- $2,795/mo
Long run
- Year 30: property vs stocks
- $824K vs $179K
- Cash flow turns positive
- year 3
The deal
- Price
- $165,000
- Cash to close
- $21,450
- Price per unit
- $82,500
- GRM
- 5.0
Each month
- Cash flow
- $248/mo
- Cash-on-cash
- 13.9%
- Cap rate
- 9.7%
- DSCR
- 1.23×
Break-even
- Price that breaks even
- $202,825
- Rent that breaks even
- $2,403/mo
Long run
- Year 30: property vs stocks
- $1.22M vs $163K
- Cash flow turns positive
- year 1
The deal
- Price
- $165,000
- Cash to close
- $21,450
- Price per unit
- $82,500
- GRM
- 5.0
Each month
- Cash flow
- $17/mo
- Cash-on-cash
- 1.0%
- Cap rate
- 8.0%
- DSCR
- 1.02×
Break-even
- Price that breaks even
- $167,630
- Rent that breaks even
- $2,700/mo
Long run
- Year 30: property vs stocks
- $865K vs $163K
- Cash flow turns positive
- year 1
The deal
- Price
- $175,000
- Cash to close
- $40,250
- Price per unit
- $87,500
- GRM
- 5.4
Each month
- Cash flow
- $397/mo
- Cash-on-cash
- 11.8%
- Cap rate
- 9.1%
- DSCR
- 1.43×
Break-even
- Price that breaks even
- $249,614
- Rent that breaks even
- $2,209/mo
Long run
- Year 30: property vs stocks
- $1.34M vs $306K
- Cash flow turns positive
- year 1
The deal
- Price
- $175,000
- Cash to close
- $40,250
- Price per unit
- $87,500
- GRM
- 5.4
Each month
- Cash flow
- $167/mo
- Cash-on-cash
- 5.0%
- Cap rate
- 7.5%
- DSCR
- 1.18×
Break-even
- Price that breaks even
- $206,300
- Rent that breaks even
- $2,482/mo
Long run
- Year 30: property vs stocks
- $981K vs $306K
- Cash flow turns positive
- year 1
The deal
- Price
- $165,000
- Cash to close
- $37,950
- Price per unit
- $82,500
- GRM
- 5.0
Each month
- Cash flow
- $450/mo
- Cash-on-cash
- 14.2%
- Cap rate
- 9.7%
- DSCR
- 1.51×
Break-even
- Price that breaks even
- $249,614
- Rent that breaks even
- $2,140/mo
Long run
- Year 30: property vs stocks
- $1.38M vs $289K
- Cash flow turns positive
- year 1
The deal
- Price
- $165,000
- Cash to close
- $37,950
- Price per unit
- $82,500
- GRM
- 5.0
Each month
- Cash flow
- $220/mo
- Cash-on-cash
- 7.0%
- Cap rate
- 8.0%
- DSCR
- 1.25×
Break-even
- Price that breaks even
- $206,300
- Rent that breaks even
- $2,404/mo
Long run
- Year 30: property vs stocks
- $1.02M vs $289K
- Cash flow turns positive
- year 1
The deal
- Price
- $175,000
- Cash to close
- $49,000
- Price per unit
- $87,500
- GRM
- 5.4
Each month
- Cash flow
- $455/mo
- Cash-on-cash
- 11.2%
- Cap rate
- 9.1%
- DSCR
- 1.52×
Break-even
- Price that breaks even
- $266,255
- Rent that breaks even
- $2,134/mo
Long run
- Year 30: property vs stocks
- $1.41M vs $373K
- Cash flow turns positive
- year 1
The deal
- Price
- $175,000
- Cash to close
- $49,000
- Price per unit
- $87,500
- GRM
- 5.4
Each month
- Cash flow
- $225/mo
- Cash-on-cash
- 5.5%
- Cap rate
- 7.5%
- DSCR
- 1.26×
Break-even
- Price that breaks even
- $220,053
- Rent that breaks even
- $2,397/mo
Long run
- Year 30: property vs stocks
- $1.05M vs $373K
- Cash flow turns positive
- year 1
The deal
- Price
- $165,000
- Cash to close
- $46,200
- Price per unit
- $82,500
- GRM
- 5.0
Each month
- Cash flow
- $505/mo
- Cash-on-cash
- 13.1%
- Cap rate
- 9.7%
- DSCR
- 1.61×
Break-even
- Price that breaks even
- $266,255
- Rent that breaks even
- $2,069/mo
Long run
- Year 30: property vs stocks
- $1.44M vs $352K
- Cash flow turns positive
- year 1
The deal
- Price
- $165,000
- Cash to close
- $46,200
- Price per unit
- $82,500
- GRM
- 5.0
Each month
- Cash flow
- $275/mo
- Cash-on-cash
- 7.1%
- Cap rate
- 8.0%
- DSCR
- 1.33×
Break-even
- Price that breaks even
- $220,053
- Rent that breaks even
- $2,324/mo
Long run
- Year 30: property vs stocks
- $1.08M vs $352K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Net operating income | $1,329 |
| Mortgage (principal + interest) | −$1,048 |
| PMI | −$98 |
| Cash flow | $182 |
| Principal paid down (equity, not cash) | $133 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Property management | −$231 |
| Net operating income | $1,098 |
| Mortgage (principal + interest) | −$1,048 |
| PMI | −$98 |
| Cash flow | −$48 |
| Principal paid down (equity, not cash) | $133 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Net operating income | $1,329 |
| Mortgage (principal + interest) | −$988 |
| PMI | −$93 |
| Cash flow | $248 |
| Principal paid down (equity, not cash) | $126 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Property management | −$231 |
| Net operating income | $1,098 |
| Mortgage (principal + interest) | −$988 |
| PMI | −$93 |
| Cash flow | $17 |
| Principal paid down (equity, not cash) | $126 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Net operating income | $1,329 |
| Mortgage (principal + interest) | −$931 |
| Cash flow | $397 |
| Principal paid down (equity, not cash) | $119 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Property management | −$231 |
| Net operating income | $1,098 |
| Mortgage (principal + interest) | −$931 |
| Cash flow | $167 |
| Principal paid down (equity, not cash) | $119 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Net operating income | $1,329 |
| Mortgage (principal + interest) | −$878 |
| Cash flow | $450 |
| Principal paid down (equity, not cash) | $112 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Property management | −$231 |
| Net operating income | $1,098 |
| Mortgage (principal + interest) | −$878 |
| Cash flow | $220 |
| Principal paid down (equity, not cash) | $112 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Net operating income | $1,329 |
| Mortgage (principal + interest) | −$873 |
| Cash flow | $455 |
| Principal paid down (equity, not cash) | $111 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Property management | −$231 |
| Net operating income | $1,098 |
| Mortgage (principal + interest) | −$873 |
| Cash flow | $225 |
| Principal paid down (equity, not cash) | $111 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Net operating income | $1,329 |
| Mortgage (principal + interest) | −$823 |
| Cash flow | $505 |
| Principal paid down (equity, not cash) | $105 |
| Rent | $2,725 |
| Vacancy (6%) | −$164 |
| Collected | $2,562 |
| Property tax Public record | −$315 |
| Insurance Estimate | −$225 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$218 |
| Capital reserve (9% of rent) | −$245 |
| Property management | −$231 |
| Net operating income | $1,098 |
| Mortgage (principal + interest) | −$823 |
| Cash flow | $275 |
| Principal paid down (equity, not cash) | $105 |
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
- $399,285
- Rental profits, invested at 7%
- $777,448
Sells for $424,771 (value up 3% a year), minus 6% selling cost ($25,486). Rent paid down $157,500 of loan.
$339,142 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $173,179
$22,750 put into an index fund instead of the down payment and closing costs.
The building comes out $1,003,553 ahead after 30 years.
- Your equity when you sell
- $399,285
- Rental profits, invested at 7%
- $424,502
Sells for $424,771 (value up 3% a year), minus 6% selling cost ($25,486). Rent paid down $157,500 of loan.
$208,338 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $173,179
- Monthly shortfalls, invested
- $5,652
$22,750 put into an index fund instead of the down payment and closing costs.
$809 you'd have paid in while the building lost money, invested instead.
The building comes out $644,957 ahead after 30 years.
- Your equity when you sell
- $376,468
- Rental profits, invested at 7%
- $847,061
Sells for $400,498 (value up 3% a year), minus 6% selling cost ($24,030). Rent paid down $148,500 of loan.
$360,968 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $163,283
$21,450 put into an index fund instead of the down payment and closing costs.
The building comes out $1,060,246 ahead after 30 years.
- Your equity when you sell
- $376,468
- Rental profits, invested at 7%
- $488,464
Sells for $400,498 (value up 3% a year), minus 6% selling cost ($24,030). Rent paid down $148,500 of loan.
$229,354 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $163,283
$21,450 put into an index fund instead of the down payment and closing costs.
The building comes out $701,649 ahead after 30 years.
- Your equity when you sell
- $399,285
- Rental profits, invested at 7%
- $939,880
Sells for $424,771 (value up 3% a year), minus 6% selling cost ($25,486). Rent paid down $140,000 of loan.
$385,781 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $306,393
$40,250 put into an index fund instead of the down payment and closing costs.
The building comes out $1,032,771 ahead after 30 years.
- Your equity when you sell
- $399,285
- Rental profits, invested at 7%
- $581,283
Sells for $424,771 (value up 3% a year), minus 6% selling cost ($25,486). Rent paid down $140,000 of loan.
$254,168 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $306,393
$40,250 put into an index fund instead of the down payment and closing costs.
The building comes out $674,175 ahead after 30 years.
- Your equity when you sell
- $376,468
- Rental profits, invested at 7%
- $1,000,211
Sells for $400,498 (value up 3% a year), minus 6% selling cost ($24,030). Rent paid down $132,000 of loan.
$404,942 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $288,885
$37,950 put into an index fund instead of the down payment and closing costs.
The building comes out $1,087,794 ahead after 30 years.
- Your equity when you sell
- $376,468
- Rental profits, invested at 7%
- $641,614
Sells for $400,498 (value up 3% a year), minus 6% selling cost ($24,030). Rent paid down $132,000 of loan.
$273,328 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $288,885
$37,950 put into an index fund instead of the down payment and closing costs.
The building comes out $729,198 ahead after 30 years.
- Your equity when you sell
- $399,285
- Rental profits, invested at 7%
- $1,005,867
Sells for $424,771 (value up 3% a year), minus 6% selling cost ($25,486). Rent paid down $131,250 of loan.
$406,738 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $373,000
$49,000 put into an index fund instead of the down payment and closing costs.
The building comes out $1,032,152 ahead after 30 years.
- Your equity when you sell
- $399,285
- Rental profits, invested at 7%
- $647,270
Sells for $424,771 (value up 3% a year), minus 6% selling cost ($25,486). Rent paid down $131,250 of loan.
$275,125 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $373,000
$49,000 put into an index fund instead of the down payment and closing costs.
The building comes out $673,555 ahead after 30 years.
- Your equity when you sell
- $376,468
- Rental profits, invested at 7%
- $1,062,427
Sells for $400,498 (value up 3% a year), minus 6% selling cost ($24,030). Rent paid down $123,750 of loan.
$424,701 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $351,686
$46,200 put into an index fund instead of the down payment and closing costs.
The building comes out $1,087,210 ahead after 30 years.
- Your equity when you sell
- $376,468
- Rental profits, invested at 7%
- $703,831
Sells for $400,498 (value up 3% a year), minus 6% selling cost ($24,030). Rent paid down $123,750 of loan.
$293,088 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $351,686
$46,200 put into an index fund instead of the down payment and closing costs.
The building comes out $728,613 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 $1.18M, stocks $173K. The property wins.
Year 30 (loan paid off): property $824K, stocks $179K. The property wins.
Year 30 (loan paid off): property $1.22M, stocks $163K. The property wins.
Year 30 (loan paid off): property $865K, stocks $163K. The property wins.
Year 30 (loan paid off): property $1.34M, stocks $306K. The property wins.
Year 30 (loan paid off): property $981K, stocks $306K. The property wins.
Year 30 (loan paid off): property $1.38M, stocks $289K. The property wins.
Year 30 (loan paid off): property $1.02M, stocks $289K. The property wins.
Year 30 (loan paid off): property $1.41M, stocks $373K. The property wins.
Year 30 (loan paid off): property $1.05M, stocks $373K. The property wins.
Year 30 (loan paid off): property $1.44M, stocks $352K. The property wins.
Year 30 (loan paid off): property $1.08M, stocks $352K. 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.
2 bed estimate $1,575/mo · range $1,400–$1,725 · 13 rentals within 1.5 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 421 N 26th Ave Unit 1, Minneapolis | $1,500 | 2 / 1 | 0.5 mi |
| 415 23rd Ave N Apt 4, Minneapolis | $1,415 | 2 / 1 | 0.7 mi |
| 3619 Fremont Ave N Apt 5, Minneapolis | $1,075 | 2 / 1 | 0.7 mi |
| 2222 Girard Ave N, Minneapolis | $1,500 | 2 / 1 | 0.7 mi |
| 816 21st Ave N Apt 337, Minneapolis | $1,788 | 2 / 1 | 0.8 mi |
| 2652 Marshall St NE, Minneapolis | $1,249 | 2 / 1 | 0.9 mi |
| 2219 Marshall St NE, Minneapolis | $1,509 | 2 / 1 | 0.9 mi |
| 2000 W Broadway Ave, Minneapolis | $1,350 | 2 / 1 | 1.0 mi |
| 2630 Grand St NE, Minneapolis | $1,595 | 2 / 1 | 1.0 mi |
| 2630 Grand St NE Unit 2, Minneapolis | $1,595 | 2 / 1 | 1.0 mi |
1 bed estimate $1,150/mo · range $1,000–$1,600 · 24 rentals within 1.5 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 2938 Dupont Ave N, Minneapolis | $1,050 | 1 / 1 | 0.1 mi |
| 617 Lowry Ave N, Minneapolis | $1,120 | 1 / 1 | 0.2 mi |
| 2928 Emerson Ave N, Minneapolis | $1,050 | 1 / 1 | 0.2 mi |
| 421 N 26th Ave Unit 4, Minneapolis | $950 | 1 / 1 | 0.5 mi |
| 3600 Fremont Ave N Apt 3, Minneapolis | $875 | 1 / 1 | 0.7 mi |
| 801 21st Ave N, Minneapolis | $875 | 1 / 1 | 0.8 mi |
| 3230 Penn Ave N, Minneapolis | $925 | 1 / 1 | 0.9 mi |
| 835 W Broadway Ave, Minneapolis | $1,335 | 1 / 1 | 0.9 mi |
| 2652 Marshall St NE, Minneapolis | $950 | 1 / 1 | 0.9 mi |
| 2035 W River Rd N, Minneapolis | $1,344 | 1 / 1 | 1.0 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
- mediumNo rents, lease terms or occupancy given; the pitch is generic and leans on owner-occupant appeal. Listing says: Live in one unit while the other helps offset your mortgage · AI review
- lowBought for $200K in 2022 and now asking $175K; ask why the seller is selling at a loss and what condition issues explain it. Based on: data: county.last_sale_price · AI review
- lowClose to I-94 (about 600 m), which can mean noise and affect tenant demand. Based on: data: highway · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 101 days on market, 1 price cuts
- Minneapolis has no rent cap, so rents can rise to market after turnover or a light refresh. Based on: data: underwriting.rent_rule · AI review
- Rental license is active (Tier 1) for 2 units through March 2027, which reduces licensing risk. Based on: data: city.rental_license · AI review
- Separate entrances support renting both units or house-hacking. Listing says: two spacious units with separate entrances · AI review
Questions for the agent
- What are the current rents, lease types and end dates for each unit? Can I see the rent roll?
- Which unit is the 3 bed total split across, and what are the beds and baths in each?
- Who pays heat, water, and trash, and what were the last 12 months of bills?
- How old are the roof, furnace, water heaters and electrical panels?
- Why did the seller list below the 2022 purchase price, and have there been price cuts?
- Are the units currently occupied, and are the tenants staying?
Bottom line
Cheap on paper with a solid projected cap rate, but it rests on our rent estimates, so get actual rents and system ages before getting excited. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $3,781 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,695 |
| 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 1902: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-06-26 (101 days); down $15,000 (7.9%) from the first ask of $190,000; last sold for $200,000 on 2022-02-18.
| Date | Event | Price |
|---|---|---|
| Price changed | $175,000 | |
| Removed | $239,999 | |
| Listed | $190,000 | |
| Sold public record | $200,000 | |
| Removed | $249,900 | |
| Listed | $249,900 | |
| Sold public record | $200,000 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1902 |
| Market value (2026) | $199,100 |
| Property tax | $3,781 |
| Special assessments | none |
| Homestead | no |
| Last sale | 2022-02-01 · $200,000 |
Source: Hennepin County parcel records.
City rental license
CHOWN: 2 unit(s), Tier 1, status active, renews 2027-03-01.
Nearest highway
I 94, about 596 m away.
Crime in Hawthorne
445 incidents in the last 12 months (79 per 1,000 residents), −1% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).