2929 Chicago Ave UNIT 907MinneapolisMN55407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Minneapolis at 2929 Chicago Ave UNIT 907, Minneapolis, MN, 55407 listed at $207,900 pairs $2,011/mo rent with a $1,018/mo payment to leave $712/mo cash flow. Total monthly income runs $2,011/mo, and annual cash flow reaches $8,548/yr on $68,919 cash to close. Return on cash invested measures 32.31% in year one, and rental yield registers 11.61% at a $207,900 basis. Equity gained on principal adds $1,342/yr, and annual property appreciation at 5% supports $57,439 by year five. Five-year ROI tracks 169.47% and total cumulative return in cash totals $116,800. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,011/mo property income relative to a $1,018/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1900
5.87 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy L Walker • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6766468