825 18th Ave NE
Duplex · 2 units: 4 bed / 1 bath and 3 bed / 1 bath unit split estimated · 1,900 sq ft
Minneapolis, MN · Logan Park · View the listing ↗
Photos courtesy of RE/MAX Results, via Realtor.com.
- Asking price
- $299,000 2 units · $150K per unit
- Monthly cash flow
- $689 at 20% down, 7%
- Break-even price
- $428,447 where cash flow hits $0
First look
This is a 1900 Northeast Minneapolis duplex asking $299K, with 7 beds listed across two units. Our model shows about $689/mo cash flow and a 9.2% cap rate at asking, but that rests on our rent estimates ($2,100 and $1,875), not real rents. The description gives no rents, no lease info and no roof, boiler or electrical details, so the first step is getting a rent roll and a rental license check. It has sat 79 days, so there is room to negotiate. The photos show cosmetic flooring and paint, and some rooms appear to be virtually staged, so don't assume everything shown is real. Worth a showing only if the rents and license check out.
Things to consider
- Income is based on our estimates, not actual rents The $689/mo cash flow and 9.2% cap rate depend on $2,100 and $1,875 rents. If actual rents are lower, cash flow shrinks quickly.
- Rental license is missing Without a license you may face an inspection, repairs and delays before you can legally rent. Verify before offering.
- Negotiating room The seller bought in 1996 for $42K and the listing has been up 79 days. Our break-even price is well above ask, but that assumes our rents.
- Updates look cosmetic, so systems are unknown Floors and paint don't tell you about roof, furnace, plumbing or wiring on a 1900 building. Budget for an inspection.Listing says: “this recently updated Duplex offers great potential for rental income”
- Utilities are separated, which helps Separate gas and electric means tenants likely pay their own, so the owner's costs are lower and more predictable.Listing says: “Electricity and gas separated between units.”
- Parking is limited With 7 bedrooms and no parking, tenant demand and turnover may suffer. A curb cut could help but isn't guaranteed.From photo 1
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
- doneRecent update of the duplex, scope unspecifiedListing says: this recently updated Duplex offers great potential for rental income
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
- $299,000
- Cash to close
- $38,870
- Price per unit
- $149,500
- GRM
- 6.3
Each month
- Cash flow
- $322/mo
- Cash-on-cash
- 9.9%
- Cap rate
- 9.2%
- DSCR
- 1.16×
Break-even
- Price that breaks even
- $348,137
- Rent that breaks even
- $3,557/mo
Long run
- Year 30: property vs stocks
- $2.08M vs $296K
- Cash flow turns positive
- year 1
The deal
- Price
- $299,000
- Cash to close
- $38,870
- Price per unit
- $149,500
- GRM
- 6.3
Each month
- Cash flow
- −$14/mo
- Cash-on-cash
- −0.4%
- Cap rate
- 7.8%
- DSCR
- 0.99×
Break-even
- Price that breaks even
- $296,798
- Rent that breaks even
- $3,996/mo
Long run
- Year 30: property vs stocks
- $1.55M vs $297K
- Cash flow turns positive
- year 2
The deal
- Price
- $289,000
- Cash to close
- $37,570
- Price per unit
- $144,500
- GRM
- 6.1
Each month
- Cash flow
- $387/mo
- Cash-on-cash
- 12.4%
- Cap rate
- 9.5%
- DSCR
- 1.20×
Break-even
- Price that breaks even
- $348,137
- Rent that breaks even
- $3,472/mo
Long run
- Year 30: property vs stocks
- $2.12M vs $286K
- Cash flow turns positive
- year 1
The deal
- Price
- $289,000
- Cash to close
- $37,570
- Price per unit
- $144,500
- GRM
- 6.1
Each month
- Cash flow
- $51/mo
- Cash-on-cash
- 1.6%
- Cap rate
- 8.1%
- DSCR
- 1.03×
Break-even
- Price that breaks even
- $296,798
- Rent that breaks even
- $3,900/mo
Long run
- Year 30: property vs stocks
- $1.60M vs $286K
- Cash flow turns positive
- year 1
The deal
- Price
- $299,000
- Cash to close
- $68,770
- Price per unit
- $149,500
- GRM
- 6.3
Each month
- Cash flow
- $689/mo
- Cash-on-cash
- 12.0%
- Cap rate
- 9.2%
- DSCR
- 1.43×
Break-even
- Price that breaks even
- $428,447
- Rent that breaks even
- $3,080/mo
Long run
- Year 30: property vs stocks
- $2.35M vs $523K
- Cash flow turns positive
- year 1
The deal
- Price
- $299,000
- Cash to close
- $68,770
- Price per unit
- $149,500
- GRM
- 6.3
Each month
- Cash flow
- $353/mo
- Cash-on-cash
- 6.2%
- Cap rate
- 7.8%
- DSCR
- 1.22×
Break-even
- Price that breaks even
- $365,264
- Rent that breaks even
- $3,460/mo
Long run
- Year 30: property vs stocks
- $1.83M vs $523K
- Cash flow turns positive
- year 1
The deal
- Price
- $289,000
- Cash to close
- $66,470
- Price per unit
- $144,500
- GRM
- 6.1
Each month
- Cash flow
- $742/mo
- Cash-on-cash
- 13.4%
- Cap rate
- 9.5%
- DSCR
- 1.48×
Break-even
- Price that breaks even
- $428,447
- Rent that breaks even
- $3,011/mo
Long run
- Year 30: property vs stocks
- $2.39M vs $506K
- Cash flow turns positive
- year 1
The deal
- Price
- $289,000
- Cash to close
- $66,470
- Price per unit
- $144,500
- GRM
- 6.1
Each month
- Cash flow
- $406/mo
- Cash-on-cash
- 7.3%
- Cap rate
- 8.1%
- DSCR
- 1.26×
Break-even
- Price that breaks even
- $365,264
- Rent that breaks even
- $3,383/mo
Long run
- Year 30: property vs stocks
- $1.87M vs $506K
- Cash flow turns positive
- year 1
The deal
- Price
- $299,000
- Cash to close
- $83,720
- Price per unit
- $149,500
- GRM
- 6.3
Each month
- Cash flow
- $788/mo
- Cash-on-cash
- 11.3%
- Cap rate
- 9.2%
- DSCR
- 1.53×
Break-even
- Price that breaks even
- $457,010
- Rent that breaks even
- $2,951/mo
Long run
- Year 30: property vs stocks
- $2.47M vs $637K
- Cash flow turns positive
- year 1
The deal
- Price
- $299,000
- Cash to close
- $83,720
- Price per unit
- $149,500
- GRM
- 6.3
Each month
- Cash flow
- $452/mo
- Cash-on-cash
- 6.5%
- Cap rate
- 7.8%
- DSCR
- 1.30×
Break-even
- Price that breaks even
- $389,615
- Rent that breaks even
- $3,315/mo
Long run
- Year 30: property vs stocks
- $1.94M vs $637K
- Cash flow turns positive
- year 1
The deal
- Price
- $289,000
- Cash to close
- $80,920
- Price per unit
- $144,500
- GRM
- 6.1
Each month
- Cash flow
- $838/mo
- Cash-on-cash
- 12.4%
- Cap rate
- 9.5%
- DSCR
- 1.58×
Break-even
- Price that breaks even
- $457,010
- Rent that breaks even
- $2,886/mo
Long run
- Year 30: property vs stocks
- $2.50M vs $616K
- Cash flow turns positive
- year 1
The deal
- Price
- $289,000
- Cash to close
- $80,920
- Price per unit
- $144,500
- GRM
- 6.1
Each month
- Cash flow
- $502/mo
- Cash-on-cash
- 7.4%
- Cap rate
- 8.1%
- DSCR
- 1.35×
Break-even
- Price that breaks even
- $389,615
- Rent that breaks even
- $3,243/mo
Long run
- Year 30: property vs stocks
- $1.98M vs $616K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Net operating income | $2,280 |
| Mortgage (principal + interest) | −$1,790 |
| PMI | −$168 |
| Cash flow | $322 |
| Principal paid down (equity, not cash) | $228 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Property management | −$336 |
| Net operating income | $1,944 |
| Mortgage (principal + interest) | −$1,790 |
| PMI | −$168 |
| Cash flow | −$14 |
| Principal paid down (equity, not cash) | $228 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Net operating income | $2,280 |
| Mortgage (principal + interest) | −$1,730 |
| PMI | −$163 |
| Cash flow | $387 |
| Principal paid down (equity, not cash) | $220 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Property management | −$336 |
| Net operating income | $1,944 |
| Mortgage (principal + interest) | −$1,730 |
| PMI | −$163 |
| Cash flow | $51 |
| Principal paid down (equity, not cash) | $220 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Net operating income | $2,280 |
| Mortgage (principal + interest) | −$1,591 |
| Cash flow | $689 |
| Principal paid down (equity, not cash) | $202 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Property management | −$336 |
| Net operating income | $1,944 |
| Mortgage (principal + interest) | −$1,591 |
| Cash flow | $353 |
| Principal paid down (equity, not cash) | $202 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Net operating income | $2,280 |
| Mortgage (principal + interest) | −$1,538 |
| Cash flow | $742 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Property management | −$336 |
| Net operating income | $1,944 |
| Mortgage (principal + interest) | −$1,538 |
| Cash flow | $406 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Net operating income | $2,280 |
| Mortgage (principal + interest) | −$1,492 |
| Cash flow | $788 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Property management | −$336 |
| Net operating income | $1,944 |
| Mortgage (principal + interest) | −$1,492 |
| Cash flow | $452 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Net operating income | $2,280 |
| Mortgage (principal + interest) | −$1,442 |
| Cash flow | $838 |
| Principal paid down (equity, not cash) | $183 |
| Rent | $3,975 |
| Vacancy (6%) | −$238 |
| Collected | $3,736 |
| Property tax Public record | −$342 |
| Insurance Estimate | −$209 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$318 |
| Capital reserve (9% of rent) | −$358 |
| Property management | −$336 |
| Net operating income | $1,944 |
| Mortgage (principal + interest) | −$1,442 |
| Cash flow | $502 |
| Principal paid down (equity, not cash) | $183 |
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
- $682,206
- Rental profits, invested at 7%
- $1,393,826
Sells for $725,751 (value up 3% a year), minus 6% selling cost ($43,545). Rent paid down $269,100 of loan.
$611,386 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $295,888
$38,870 put into an index fund instead of the down payment and closing costs.
The building comes out $1,780,144 ahead after 30 years.
- Your equity when you sell
- $682,206
- Rental profits, invested at 7%
- $871,967
Sells for $725,751 (value up 3% a year), minus 6% selling cost ($43,545). Rent paid down $269,100 of loan.
$419,572 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $295,888
- Monthly shortfalls, invested
- $1,232
$38,870 put into an index fund instead of the down payment and closing costs.
$173 you'd have paid in while the building lost money, invested instead.
The building comes out $1,257,053 ahead after 30 years.
- Your equity when you sell
- $659,390
- Rental profits, invested at 7%
- $1,463,439
Sells for $701,479 (value up 3% a year), minus 6% selling cost ($42,089). Rent paid down $260,100 of loan.
$633,212 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $285,992
$37,570 put into an index fund instead of the down payment and closing costs.
The building comes out $1,836,837 ahead after 30 years.
- Your equity when you sell
- $659,390
- Rental profits, invested at 7%
- $940,348
Sells for $701,479 (value up 3% a year), minus 6% selling cost ($42,089). Rent paid down $260,100 of loan.
$441,225 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $285,992
$37,570 put into an index fund instead of the down payment and closing costs.
The building comes out $1,313,746 ahead after 30 years.
- Your equity when you sell
- $682,206
- Rental profits, invested at 7%
- $1,671,353
Sells for $725,751 (value up 3% a year), minus 6% selling cost ($43,545). Rent paid down $239,200 of loan.
$691,072 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $523,495
$68,770 put into an index fund instead of the down payment and closing costs.
The building comes out $1,830,064 ahead after 30 years.
- Your equity when you sell
- $682,206
- Rental profits, invested at 7%
- $1,148,262
Sells for $725,751 (value up 3% a year), minus 6% selling cost ($43,545). Rent paid down $239,200 of loan.
$499,085 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $523,495
$68,770 put into an index fund instead of the down payment and closing costs.
The building comes out $1,306,974 ahead after 30 years.
- Your equity when you sell
- $659,390
- Rental profits, invested at 7%
- $1,731,684
Sells for $701,479 (value up 3% a year), minus 6% selling cost ($42,089). Rent paid down $231,200 of loan.
$710,233 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $505,987
$66,470 put into an index fund instead of the down payment and closing costs.
The building comes out $1,885,087 ahead after 30 years.
- Your equity when you sell
- $659,390
- Rental profits, invested at 7%
- $1,208,594
Sells for $701,479 (value up 3% a year), minus 6% selling cost ($42,089). Rent paid down $231,200 of loan.
$518,246 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $505,987
$66,470 put into an index fund instead of the down payment and closing costs.
The building comes out $1,361,997 ahead after 30 years.
- Your equity when you sell
- $682,206
- Rental profits, invested at 7%
- $1,784,097
Sells for $725,751 (value up 3% a year), minus 6% selling cost ($43,545). Rent paid down $224,250 of loan.
$726,879 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $637,298
$83,720 put into an index fund instead of the down payment and closing costs.
The building comes out $1,829,005 ahead after 30 years.
- Your equity when you sell
- $682,206
- Rental profits, invested at 7%
- $1,261,006
Sells for $725,751 (value up 3% a year), minus 6% selling cost ($43,545). Rent paid down $224,250 of loan.
$534,892 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $637,298
$83,720 put into an index fund instead of the down payment and closing costs.
The building comes out $1,305,915 ahead after 30 years.
- Your equity when you sell
- $659,390
- Rental profits, invested at 7%
- $1,840,657
Sells for $701,479 (value up 3% a year), minus 6% selling cost ($42,089). Rent paid down $216,750 of loan.
$744,842 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $615,984
$80,920 put into an index fund instead of the down payment and closing costs.
The building comes out $1,884,063 ahead after 30 years.
- Your equity when you sell
- $659,390
- Rental profits, invested at 7%
- $1,317,567
Sells for $701,479 (value up 3% a year), minus 6% selling cost ($42,089). Rent paid down $216,750 of loan.
$552,855 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $615,984
$80,920 put into an index fund instead of the down payment and closing costs.
The building comes out $1,360,973 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 $2.08M, stocks $296K. The property wins.
Year 30 (loan paid off): property $1.55M, stocks $297K. The property wins.
Year 30 (loan paid off): property $2.12M, stocks $286K. The property wins.
Year 30 (loan paid off): property $1.60M, stocks $286K. The property wins.
Year 30 (loan paid off): property $2.35M, stocks $523K. The property wins.
Year 30 (loan paid off): property $1.83M, stocks $523K. The property wins.
Year 30 (loan paid off): property $2.39M, stocks $506K. The property wins.
Year 30 (loan paid off): property $1.87M, stocks $506K. The property wins.
Year 30 (loan paid off): property $2.47M, stocks $637K. The property wins.
Year 30 (loan paid off): property $1.94M, stocks $637K. The property wins.
Year 30 (loan paid off): property $2.50M, stocks $616K. The property wins.
Year 30 (loan paid off): property $1.98M, stocks $616K. 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.
4 bed estimate $2,100/mo · range $2,025–$2,850 · 6 rentals within 1.5 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 2206 Arthur St NE, Minneapolis | $2,950 | 4 / 2 | 0.9 mi |
| 410 5th St NE, Minneapolis | $1,750 | 4 / 1 | 0.9 mi |
| 408-410 8th St SE, Minneapolis | $2,650 | 4 / 2 | 1.1 mi |
| 513 8th Ave SE, Minneapolis | $2,000 | 4 / 1 | 1.5 mi |
| 1212 Como Ave SE, Minneapolis | $2,000 | 4 / 2 | 1.5 mi |
| 401 7th Ave SE, Minneapolis | $1,975 | 4 / 2 | 1.5 mi |
3 bed estimate $1,875/mo · range $1,800–$2,200 · 8 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 1460 Van Buren St NE, Minneapolis | $1,570 | 3 / 1.5 | 0.1 mi |
| 1322 Central Ave NE Unit 1, Minneapolis | $1,800 | 3 / 1 | 0.3 mi |
| 1709 Fillmore St NE, Minneapolis | $2,099 | 3 / 1 | 0.4 mi |
| 920 24th Ave NE, Minneapolis | $2,388 | 3 / 1 | 0.4 mi |
| 1622 Washington St NE, Minneapolis | $1,795 | 3 / 1 | 0.4 mi |
| 2318 Jefferson St NE, Minneapolis | $1,715 | 3 / 1.5 | 0.5 mi |
| 1226 Adams St NE, Minneapolis | $2,049 | 3 / 1 | 0.5 mi |
| 742 Buchanan St NE, Minneapolis | $1,700 | 3 / 1 | 0.7 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
- highNo rents, lease terms or occupancy are given, so income is unproven. Listing says: offers great potential for rental income or an owner who would like to live in one unit · 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 825 18TH AVE N E
- mediumSeven bedrooms in 1,900 sq ft means small rooms. Confirm each bedroom has egress and a closet. Based on: data: listing.sqft · AI review
- low$251 in special assessments on the current tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Hennepin County parcel 1102924440179: special assessments (current) = $251.05
- lowProperty is listed as non-homestead with $4,102 tax; confirm the tax bill an investor would actually pay. Based on: data: county.tax · AI review
Opportunities
- The seller bought for $42,000 in Oct 1996, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 1102924440179: last sale 1996-10-01, $42,000
- Add a front parking space with a curb cut, which could help rentability. Needs city approval. Listing says: Potential to add a parking space in front of the building by adding a curb cut. · AI review
- Live in one unit and rent the other, which lowers your own housing cost. Listing says: an owner who would like to live in one unit and decrease their monthly costs · AI review
- Minneapolis has no rent cap, so rents can follow the market. Based on: data: underwriting.rent_rule · AI review
Questions for the agent
- What are the current rents, lease types and end dates? Can you send a rent roll?
- Is the building licensed as a rental, and when was the last inspection?
- What exactly was updated, and were permits pulled?
- How old are the roof, furnace(s) and electrical panels? Does each unit have its own furnace?
- What is the $251 special assessment for, and will the seller pay it at closing?
- Why has it sat 79 days, and have there been price cuts or offers?
Bottom line
Numbers look strong on our estimated rents, but with no rents, license or system details, it's unproven until you see a rent roll. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordHennepin County record, current payable year (non-homestead) | $4,102 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,502 |
| 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 2026-07-15 (82 days); down $26,000 (8.0%) from the first ask of $325,000; last sold for $42,000 on 2026-03-06; listed for rent at $1,595/mo on 2022-12-11.
| Date | Event | Price |
|---|---|---|
| Price changed | $299,000 | |
| Price changed | $310,000 | |
| Listed | $325,000 | |
| Sold public record | $42,000 | |
| Removed | — | |
| Removed | — | |
| Rent changed | $1,595/mo | |
| Listed for rent | $1,595/mo | |
| Removed | — | |
| Listed for rent | $1,695/mo | |
| Listed for rent | $1,695/mo | |
| Removed | $210,000 | |
| Price changed | $210,000 | |
| Listed | $220,000 | |
| Removed | $220,000 | |
| Removed | $220,000 | |
| Listed | $220,000 | |
| Listed | $220,000 | |
| Sold public record | $42,000 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1900 |
| Market value (2026) | $216,000 |
| Property tax | $4,102 |
| Special assessments | $251 |
| Homestead | no |
| Last sale | 1996-10-01 · $42,000 |
Source: Hennepin County parcel records.
City rental license
No record in Minneapolis Active Rental Licenses.
Nearest highway
I 35W, about 1151 m away.
Crime in Logan Park
184 incidents in the last 12 months (85 per 1,000 residents), +22% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).