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909 27th Ave NE

Duplex · 2 units: mix unknown ×2 unit split estimated · 2,124 sq ft

Minneapolis, MN · Columbia Park · View the listing ↗

Cash flows

Photos courtesy of Exp Realty - Broker, via Realtor.com.

Asking price
$314,900
2 units · $157K per unit
Monthly cash flow
$0
at 20% down, 7%
Estimated rent
$3,300/mo
medium confidence · 13 rentals within 0.75 mi
Break-even price
$314,971
where cash flow hits $0

Adjust the numbers See the full breakdown

The numbers

Down payment %
Offer $
Management
Interest rate %
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
$314,900
Cash to close
$72,427
Price per unit
$157,450
GRM
8.0

Each month

Cash flow
$0/mo
Cash-on-cash
0.0%
Cap rate
6.4%
DSCR
1.00×

Break-even

Price that breaks even
$314,971
Rent that breaks even
$3,300/mo

Long run

Year 30: property vs stocks
$1.35M vs $551K
Cash flow turns positive
year 1

Monthly

Monthly breakdown

Rent$3,300
Vacancy (6%)−$198
Collected$3,102
Property tax Listing−$421
Insurance Estimate−$214
Water, sewer, trash Estimate−$170
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$264
Capital reserve (9% of rent)−$297
Net operating income$1,676
Mortgage (principal + interest)−$1,676
Cash flow$0
Principal paid down (equity, not cash)$213

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

If you buy this building$1,346,685
Your equity when you sell
$718,484

Sells for $764,345 (value up 3% a year), minus 6% selling cost ($45,861). Rent paid down $251,920 of loan.

Rental profits, invested at 7%
$628,201

$311,708 of cash flow over 30 years, plus what it earned invested.

Same money in stocks$551,333
Cash to close, invested at 7%
$551,333

$72,427 put into an index fund instead of the down payment and closing costs.

The building comes out $795,352 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

This propertyStocks at 7%

Year 30 (loan paid off): property $1.35M, stocks $551K. 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.

None bed estimate $1,650/mo · range $1,500–$1,675 · 13 rentals within 0.75 mi

AddressRentBd / BaSq ftDistanceListedType
2636 Jackson St NE Unit 2, Minneapolis $1,600 2 / 1 881 0.1 mi — Apartment
1028 28th Ave NE, Minneapolis $1,595 2 / 1 950 0.2 mi 2026-10-03 Apartment
2526 Polk St NE, Minneapolis $1,700 2 / 1 1,300 0.2 mi 2026-08-18 Apartment
2902 Polk St NE, Minneapolis $1,500 2 / 1 — 0.3 mi 2025-11-21 Apartment
920 24th Ave NE, Minneapolis $1,350 2 / 1 845 0.3 mi 2026-07-21 Apartment
2550 Jefferson St NE Apt 1, Minneapolis $1,495 2 / 1 1,000 0.4 mi 2026-05-27 Apartment
2207 1/2 Central Ave NE Apt 4, Minneapolis $1,600 2 / 1 1,000 0.5 mi 2023-03-22 Apartment
2318 Jefferson St NE, Minneapolis $1,458 2 / 1 — 0.5 mi 2025-11-06 Apartment
2015 Central Ave NE, Minneapolis $1,600 2 / 1 1,050 0.5 mi 2025-01-03 Apartment
2005 Taylor St NE # 2, Minneapolis $1,595 2 / 1 900 0.6 mi — Duplex triplex

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 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 909 27TH AVE N E
  • mediumBought for $201,000 in May 2025; asking is 57% more 17 months later. Ask what was done to justify the jump. Public record: Hennepin County parcel 1102924110008: last sale 2025-05-01, $201,000

Opportunities

  • Long time on market: room to negotiate. Based on: Listing data: 112 days on market, 1 price cuts

Questions for the agent

  • Can we see the current leases and a rent roll, with move-in dates?
  • What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
  • How old are the roof, boiler or furnaces, water heaters and electrical panels?
  • Is the building licensed as a rental for this many units, and when was the last city inspection?
  • Any special assessments pending, and will the seller pay them off at closing?

Standard questions worth asking about any building.

What the records say

Where each number comes from

Property tax / yr Listinglisting, tax year 2025. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.$5,051
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$2,564
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 reserve8% / 9%

Price history Realtor.com

On the market since 2026-02-11 (236 days); down $85,000 (21.3%) from the first ask of $399,900; last sold for $201,000 on 2025-05-19.

DateEventPrice
Price changed$314,900
Relisted$324,900
Removed—
Removed$332,500
Removed$349,900
Price changed$324,900
Price changed$334,900
Removed—
Listed$349,900
Price changed$332,500
Price changed$349,900
Price changed$374,900
Listed$399,900
Sold public record$201,000
Sold public record$223,000
Sold public record$72,000

County record Public record

Recorded asduplex
Living units2
Year built1900
Market value (2026)$332,700
Property tax$4,917
Special assessmentsnone
Homesteadno
Last sale2025-05-01 · $201,000

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

I 35W, about 1956 m away.

Crime in Columbia Park

75 incidents in the last 12 months (49 per 1,000 residents), +63% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).