918 Queen Ave N
Duplex · 2 units: 4 bed / 1 bath and 3 bed / 1 bath unit split estimated · 2,746 sq ft
Minneapolis, MN · Willard - Hay · View the listing ↗
Photos courtesy of Exp Realty - Broker, via Realtor.com.
- Asking price
- $365,000 2 units · $182K per unit
- Monthly cash flow
- $323 at 20% down, 7%
- Estimated rent
- $4,125/mo medium confidence
- Break-even price
- $425,644 where cash flow hits $0
First look
This is a vacant 7-bed duplex in North Minneapolis at $365K, and it cash flows at the ask. Our numbers show about +$323 a month with a 7.4% cap rate, and break-even is near $426K, so the ask is roughly $61K below break-even. Rent estimates of $2,125 and $2,000 are only estimates, since the listing gives no real rents. The photos show a dated but livable interior: carpet over what may be hardwood, old kitchens, and radiators. Vacant means you can inspect everything, so get a look at the boiler, roof, electrical and basement first. Worth a showing as an investment if the rents hold up, or if you plan to house-hack.
Things to consider
- Positive cash flow at the asking price Our underwriting shows about +$323 a month, and break-even is about $426K. That cushion depends on estimated rents and an untested tax bill.
- Rental license status is unknown No license is on file in city data. Licensing and inspection could add cost or required repairs before you can legally rent.
- Rents are estimates only With no actual rents, income depends on our estimates of $2,000 to $2,125 per unit. Check against current comparable listings.
- Heavy wear risk with 7 bedrooms Large units mean more tenants and more turnover cost. Carpet and kitchens look like near-term spend.From photo 3
- Investor tax bill will likely be higher The listed tax is a homestead amount. A non-homestead bill would cut cash flow.
- Room to negotiate 38 days on market and a modest gap between the 2022 sale price and the ask give you negotiating leverage.
From the photos
Based on 10 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
- $365,000
- Cash to close
- $47,450
- Price per unit
- $182,500
- GRM
- 7.4
Each month
- Cash flow
- −$125/mo
- Cash-on-cash
- −3.2%
- Cap rate
- 7.4%
- DSCR
- 0.95×
Break-even
- Price that breaks even
- $345,860
- Rent that breaks even
- $4,286/mo
Long run
- Year 30: property vs stocks
- $1.74M vs $377K
- Cash flow turns positive
- year 3
The deal
- Price
- $365,000
- Cash to close
- $47,450
- Price per unit
- $182,500
- GRM
- 7.4
Each month
- Cash flow
- −$474/mo
- Cash-on-cash
- −12.0%
- Cap rate
- 6.3%
- DSCR
- 0.80×
Break-even
- Price that breaks even
- $292,583
- Rent that breaks even
- $4,807/mo
Long run
- Year 30: property vs stocks
- $1.31M vs $488K
- Cash flow turns positive
- year 6
The deal
- Price
- $355,000
- Cash to close
- $46,150
- Price per unit
- $177,500
- GRM
- 7.2
Each month
- Cash flow
- −$60/mo
- Cash-on-cash
- −1.6%
- Cap rate
- 7.7%
- DSCR
- 0.97×
Break-even
- Price that breaks even
- $345,860
- Rent that breaks even
- $4,202/mo
Long run
- Year 30: property vs stocks
- $1.78M vs $356K
- Cash flow turns positive
- year 2
The deal
- Price
- $355,000
- Cash to close
- $46,150
- Price per unit
- $177,500
- GRM
- 7.2
Each month
- Cash flow
- −$409/mo
- Cash-on-cash
- −10.6%
- Cap rate
- 6.5%
- DSCR
- 0.82×
Break-even
- Price that breaks even
- $292,583
- Rent that breaks even
- $4,713/mo
Long run
- Year 30: property vs stocks
- $1.34M vs $454K
- Cash flow turns positive
- year 5
The deal
- Price
- $365,000
- Cash to close
- $83,950
- Price per unit
- $182,500
- GRM
- 7.4
Each month
- Cash flow
- $323/mo
- Cash-on-cash
- 4.6%
- Cap rate
- 7.4%
- DSCR
- 1.17×
Break-even
- Price that breaks even
- $425,644
- Rent that breaks even
- $3,711/mo
Long run
- Year 30: property vs stocks
- $2.07M vs $639K
- Cash flow turns positive
- year 1
The deal
- Price
- $365,000
- Cash to close
- $83,950
- Price per unit
- $182,500
- GRM
- 7.4
Each month
- Cash flow
- −$26/mo
- Cash-on-cash
- −0.4%
- Cap rate
- 6.3%
- DSCR
- 0.99×
Break-even
- Price that breaks even
- $360,077
- Rent that breaks even
- $4,163/mo
Long run
- Year 30: property vs stocks
- $1.53M vs $641K
- Cash flow turns positive
- year 2
The deal
- Price
- $355,000
- Cash to close
- $81,650
- Price per unit
- $177,500
- GRM
- 7.2
Each month
- Cash flow
- $376/mo
- Cash-on-cash
- 5.5%
- Cap rate
- 7.7%
- DSCR
- 1.20×
Break-even
- Price that breaks even
- $425,644
- Rent that breaks even
- $3,643/mo
Long run
- Year 30: property vs stocks
- $2.10M vs $622K
- Cash flow turns positive
- year 1
The deal
- Price
- $355,000
- Cash to close
- $81,650
- Price per unit
- $177,500
- GRM
- 7.2
Each month
- Cash flow
- $27/mo
- Cash-on-cash
- 0.4%
- Cap rate
- 6.5%
- DSCR
- 1.01×
Break-even
- Price that breaks even
- $360,077
- Rent that breaks even
- $4,086/mo
Long run
- Year 30: property vs stocks
- $1.56M vs $622K
- Cash flow turns positive
- year 1
The deal
- Price
- $365,000
- Cash to close
- $102,200
- Price per unit
- $182,500
- GRM
- 7.4
Each month
- Cash flow
- $444/mo
- Cash-on-cash
- 5.2%
- Cap rate
- 7.4%
- DSCR
- 1.24×
Break-even
- Price that breaks even
- $454,021
- Rent that breaks even
- $3,556/mo
Long run
- Year 30: property vs stocks
- $2.20M vs $778K
- Cash flow turns positive
- year 1
The deal
- Price
- $365,000
- Cash to close
- $102,200
- Price per unit
- $182,500
- GRM
- 7.4
Each month
- Cash flow
- $95/mo
- Cash-on-cash
- 1.1%
- Cap rate
- 6.3%
- DSCR
- 1.05×
Break-even
- Price that breaks even
- $384,083
- Rent that breaks even
- $3,988/mo
Long run
- Year 30: property vs stocks
- $1.66M vs $778K
- Cash flow turns positive
- year 1
The deal
- Price
- $355,000
- Cash to close
- $99,400
- Price per unit
- $177,500
- GRM
- 7.2
Each month
- Cash flow
- $494/mo
- Cash-on-cash
- 6.0%
- Cap rate
- 7.7%
- DSCR
- 1.28×
Break-even
- Price that breaks even
- $454,021
- Rent that breaks even
- $3,492/mo
Long run
- Year 30: property vs stocks
- $2.24M vs $757K
- Cash flow turns positive
- year 1
The deal
- Price
- $355,000
- Cash to close
- $99,400
- Price per unit
- $177,500
- GRM
- 7.2
Each month
- Cash flow
- $145/mo
- Cash-on-cash
- 1.8%
- Cap rate
- 6.5%
- DSCR
- 1.08×
Break-even
- Price that breaks even
- $384,083
- Rent that breaks even
- $3,916/mo
Long run
- Year 30: property vs stocks
- $1.70M vs $757K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Net operating income | $2,265 |
| Mortgage (principal + interest) | −$2,186 |
| PMI | −$205 |
| Cash flow | −$125 |
| Principal paid down (equity, not cash) | $278 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Property management | −$349 |
| Net operating income | $1,916 |
| Mortgage (principal + interest) | −$2,186 |
| PMI | −$205 |
| Cash flow | −$474 |
| Principal paid down (equity, not cash) | $278 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Net operating income | $2,265 |
| Mortgage (principal + interest) | −$2,126 |
| PMI | −$200 |
| Cash flow | −$60 |
| Principal paid down (equity, not cash) | $270 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Property management | −$349 |
| Net operating income | $1,916 |
| Mortgage (principal + interest) | −$2,126 |
| PMI | −$200 |
| Cash flow | −$409 |
| Principal paid down (equity, not cash) | $270 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Net operating income | $2,265 |
| Mortgage (principal + interest) | −$1,943 |
| Cash flow | $323 |
| Principal paid down (equity, not cash) | $247 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Property management | −$349 |
| Net operating income | $1,916 |
| Mortgage (principal + interest) | −$1,943 |
| Cash flow | −$26 |
| Principal paid down (equity, not cash) | $247 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Net operating income | $2,265 |
| Mortgage (principal + interest) | −$1,889 |
| Cash flow | $376 |
| Principal paid down (equity, not cash) | $240 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Property management | −$349 |
| Net operating income | $1,916 |
| Mortgage (principal + interest) | −$1,889 |
| Cash flow | $27 |
| Principal paid down (equity, not cash) | $240 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Net operating income | $2,265 |
| Mortgage (principal + interest) | −$1,821 |
| Cash flow | $444 |
| Principal paid down (equity, not cash) | $232 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Property management | −$349 |
| Net operating income | $1,916 |
| Mortgage (principal + interest) | −$1,821 |
| Cash flow | $95 |
| Principal paid down (equity, not cash) | $232 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Net operating income | $2,265 |
| Mortgage (principal + interest) | −$1,771 |
| Cash flow | $494 |
| Principal paid down (equity, not cash) | $225 |
| Rent | $4,125 |
| Vacancy (6%) | −$248 |
| Collected | $3,878 |
| Property tax Listing | −$515 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$330 |
| Capital reserve (8% of rent) | −$330 |
| Property management | −$349 |
| Net operating income | $1,916 |
| Mortgage (principal + interest) | −$1,771 |
| Cash flow | $145 |
| Principal paid down (equity, not cash) | $225 |
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
- $832,794
- Rental profits, invested at 7%
- $911,030
Sells for $885,951 (value up 3% a year), minus 6% selling cost ($53,157). Rent paid down $328,500 of loan.
$452,732 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $361,202
- Monthly shortfalls, invested
- $15,663
$47,450 put into an index fund instead of the down payment and closing costs.
$2,251 you'd have paid in while the building lost money, invested instead.
The building comes out $1,366,959 ahead after 30 years.
- Your equity when you sell
- $832,794
- Rental profits, invested at 7%
- $479,026
Sells for $885,951 (value up 3% a year), minus 6% selling cost ($53,157). Rent paid down $328,500 of loan.
$270,747 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $361,202
- Monthly shortfalls, invested
- $126,489
$47,450 put into an index fund instead of the down payment and closing costs.
$19,497 you'd have paid in while the building lost money, invested instead.
The building comes out $824,129 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $970,091
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $319,500 of loan.
$473,026 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $351,306
- Monthly shortfalls, invested
- $5,111
$46,150 put into an index fund instead of the down payment and closing costs.
$718 you'd have paid in while the building lost money, invested instead.
The building comes out $1,423,652 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $525,151
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $319,500 of loan.
$288,835 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $351,306
- Monthly shortfalls, invested
- $103,001
$46,150 put into an index fund instead of the down payment and closing costs.
$15,759 you'd have paid in while the building lost money, invested instead.
The building comes out $880,823 ahead after 30 years.
- Your equity when you sell
- $832,794
- Rental profits, invested at 7%
- $1,234,154
Sells for $885,951 (value up 3% a year), minus 6% selling cost ($53,157). Rent paid down $292,000 of loan.
$547,758 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $639,049
$83,950 put into an index fund instead of the down payment and closing costs.
The building comes out $1,427,899 ahead after 30 years.
- Your equity when you sell
- $832,794
- Rental profits, invested at 7%
- $693,561
Sells for $885,951 (value up 3% a year), minus 6% selling cost ($53,157). Rent paid down $292,000 of loan.
$348,840 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $639,049
- Monthly shortfalls, invested
- $2,237
$83,950 put into an index fund instead of the down payment and closing costs.
$314 you'd have paid in while the building lost money, invested instead.
The building comes out $885,069 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $1,294,485
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $284,000 of loan.
$566,918 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $621,541
$81,650 put into an index fund instead of the down payment and closing costs.
The building comes out $1,482,922 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $751,656
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $284,000 of loan.
$367,687 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $621,541
$81,650 put into an index fund instead of the down payment and closing costs.
The building comes out $940,092 ahead after 30 years.
- Your equity when you sell
- $832,794
- Rental profits, invested at 7%
- $1,371,785
Sells for $885,951 (value up 3% a year), minus 6% selling cost ($53,157). Rent paid down $273,750 of loan.
$591,468 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $777,972
$102,200 put into an index fund instead of the down payment and closing costs.
The building comes out $1,426,606 ahead after 30 years.
- Your equity when you sell
- $832,794
- Rental profits, invested at 7%
- $828,955
Sells for $885,951 (value up 3% a year), minus 6% selling cost ($53,157). Rent paid down $273,750 of loan.
$392,236 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $777,972
$102,200 put into an index fund instead of the down payment and closing costs.
The building comes out $883,777 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $1,428,345
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $266,250 of loan.
$609,431 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $756,658
$99,400 put into an index fund instead of the down payment and closing costs.
The building comes out $1,481,665 ahead after 30 years.
- Your equity when you sell
- $809,977
- Rental profits, invested at 7%
- $885,515
Sells for $861,678 (value up 3% a year), minus 6% selling cost ($51,701). Rent paid down $266,250 of loan.
$410,200 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $756,658
$99,400 put into an index fund instead of the down payment and closing costs.
The building comes out $938,835 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 $1.74M, stocks $377K. The property wins.
Year 30 (loan paid off): property $1.31M, stocks $488K. The property wins.
Year 30 (loan paid off): property $1.78M, stocks $356K. The property wins.
Year 30 (loan paid off): property $1.34M, stocks $454K. The property wins.
Year 30 (loan paid off): property $2.07M, stocks $639K. The property wins.
Year 30 (loan paid off): property $1.53M, stocks $641K. The property wins.
Year 30 (loan paid off): property $2.10M, stocks $622K. The property wins.
Year 30 (loan paid off): property $1.56M, stocks $622K. The property wins.
Year 30 (loan paid off): property $2.20M, stocks $778K. The property wins.
Year 30 (loan paid off): property $1.66M, stocks $778K. The property wins.
Year 30 (loan paid off): property $2.24M, stocks $757K. The property wins.
Year 30 (loan paid off): property $1.70M, stocks $757K. The property wins.
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.
4 bed / 1 bath estimate $2,125/mo · range $1,875–$2,400
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 522 N Newton Ave, Unit 1, Minneapolis 55405 off market | $2,100 | 4 / 2 | 0.3 mi | 88% |
| 2513 Fremont Ave N, Minneapolis 55411 off market | $2,150 | 4 / 1 | 1.4 mi | 87% |
| 1429-1431 Knox Ave N, Minneapolis 55411 off market | $1,995 | 4 / 1 | 0.6 mi | 86% |
| 1429 Knox Ave N, Minneapolis 55411 off market | $2,195 | 4 / 1 | 0.6 mi | 86% |
| 1507 Newton Ave N, Minneapolis 55411 off market | $1,499 | 4 / 1 | 0.5 mi | 85% |
| 519 Penn Ave N, Minneapolis 55405 off market | $2,195 | 4 / 2 | 0.3 mi | 84% |
| 1702 Glenwood Ave, Minneapolis 55405 off market | $1,525 | 3 / 1 | 0.6 mi | 84% |
| 1030 Knox Ave N, Minneapolis 55411 | $2,099 | 4 / 1 | 0.4 mi | 83% |
| 1823 Girard Ave N, Minneapolis 55411 off market | $1,650 | 3 / 1 | 0.9 mi | 83% |
| 1500 W Broadway Ave, Unit 3, Minneapolis 55411 off market | $1,700 | 3 / 1 | 1.0 mi | 83% |
3 bed / 1 bath estimate $2,000/mo · range $1,750–$2,250
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1702 Glenwood Ave, Minneapolis 55405 off market | $1,525 | 3 / 1 | 0.6 mi | 93% |
| 1823 Girard Ave N, Minneapolis 55411 off market | $1,650 | 3 / 1 | 0.9 mi | 93% |
| 1500 W Broadway Ave, Unit 3, Minneapolis 55411 off market | $1,700 | 3 / 1 | 1.0 mi | 93% |
| 1500 W Broadway Ave, Unit 2, Minneapolis 55411 off market | $1,700 | 3 / 1 | 1.0 mi | 93% |
| 1616 Emerson Ave N, Minneapolis 55411 off market | $1,648 | 3 / 1 | 1.0 mi | 89% |
| 117 Cedar Lake Rd S, Minneapolis 55405 off market | $2,425 | 3 / 2 | 0.9 mi | 88% |
| 1510 22nd Ave N, Minneapolis 55411 off market | $1,670 | 3 / 1 | 1.1 mi | 87% |
| 816 21st Ave N, Apt 225, Minneapolis 55411 | $2,065 | 3 / 1 | 1.3 mi | 87% |
| 816 21st Ave N, Apt 107, Minneapolis 55411 | $1,788 | 3 / 1 | 1.3 mi | 87% |
| 816 21st Ave N, Apt 336, Minneapolis 55411 | $2,065 | 3 / 1 | 1.3 mi | 87% |
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
- 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 918 QUEEN AVE N
- mediumSold in 2022 for $345K and now asking $365K, with a 2026 county market value of $408K that may not reflect condition. Based on: data: county.last_sale_price · AI review
- mediumTaxes are a homestead bill; an investor pays the higher non-homestead rate, so real taxes will likely be higher than $6,178. Based on: data: county.homestead · AI review
- mediumKitchens and finishes look worn and dated, with scuffed carpet and mixed flooring. Expect a turn budget before renting. Based on: photo 10 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 41 days on market, 2 price cuts
- Delivered vacant: set your own rents and lease terms, or house-hack one unit. Listing says: Select your own tenants, establish your own lease terms and rents, or occupy one unit while generating income from the other. · AI review
- Separate utilities and three garage stalls support tenant-paid utilities and parking income. Listing says: Separate utilities, three garage stalls, generous living space and a full basement · AI review
- Minneapolis has no rent cap, so rents can follow the market after a refresh. Based on: data: underwriting.rent_rule · AI review
Questions for the agent
- Is the building licensed as a rental, and when was it last inspected?
- Why is the property vacant, and who lived there before? What were the last rents?
- How old are the boiler, roof and electrical panels, and what amperage?
- Are the heat and water meters truly separate for each unit?
- What is the non-homestead tax bill, and what are the typical utility costs?
- Is the seller open to a price near $325K given 38 days on market?
Bottom line
A vacant, dated North Minneapolis duplex that makes money at $365K on estimated rents, so it works if the rents and the condition hold up. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2026. 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. | $6,178 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,486 |
| 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 2026-06-29 (98 days, relisted 1×); down $20,000 (5.2%) from the first ask of $385,000; last sold for $345,000 on 2022-05-16.
| Date | Event | Price |
|---|---|---|
| Listed | $365,000 | |
| Removed | $375,000 | |
| Removed | $385,000 | |
| Sold | $345,000 | |
| Listed | $319,900 | |
| Removed | $89,900 | |
| Sold | $58,000 | |
| Price changed | $81,900 | |
| Price changed | $86,900 | |
| Listed | $89,900 | |
| Price changed | $94,900 | |
| Price changed | $97,500 | |
| Price changed | $99,900 | |
| Price changed | $102,500 | |
| Listed | $104,900 |
County record Public record
| Recorded as | duplex |
| Living units | 2 |
| Year built | 1926 |
| Market value (2026) | $408,000 |
| Property tax | $6,178 |
| Special assessments | none |
| Homestead | no |
| Last sale | 2022-05-01 · $345,000 |
Source: Hennepin County parcel records.
City rental license
No record in Minneapolis Active Rental Licenses.
Nearest highway
I 94, about 1607 m away.
Crime in Willard - Hay
426 incidents in the last 12 months (48 per 1,000 residents), +12% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).