2929 Chicago Ave UNIT 1201MinneapolisMN55407
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Minneapolis at 2929 Chicago Ave UNIT 1201, Minneapolis, MN, 55407 generates $3,025/mo in rent and, after a $1,581/mo payment, leaves $93/mo in cash flow. Total monthly income is $3,025/mo, and annual cash flow is $1,113/yr on $107,075 invested. Return on cash invested sits at 20.95% in year one, and rental yield is 11.24% on a $323,000 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation builds toward $89,239 over five years. Five-year ROI reaches 112.2% and total cumulative return in cash sums $120,141. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,025/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
3.75 Acres lot
$N/A/sqft
$835 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55407, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,967 (100%) |
| Owner Occupied HU | 7,551 (50.5%) |
| Renter Occupied HU | 6,647 (44.4%) |
| Vacant Housing Units | 769 ( 5.1%) |
| Median Home Value | $350,929 |
| Average Home Value | $382,751 |
Housing Distribution
Address Breakdown
Residential
15,053
Single Family
10,906
Multi-Family
4,147
Businesses
853
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