3229 Chicago AveMinneapolisMN55407
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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
Investment property for sale in Minneapolis at 3229 Chicago Ave, Minneapolis, MN, 55407 with 5% annual appreciation on a $200,000 basis while $1,405/mo rent supports operations. Total monthly income totals $1,405/mo and a $979/mo payment preserves $153/mo for cash returns. Annual cash flow comes to $1,832/yr on $66,300 deployed, and return on cash invested reaches 22.67% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 8.43%. Five-year ROI measures 117.77% and total cumulative return in cash totals $78,080.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,405/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
4,791 sqft 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
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Nearby investment properties with comparable prices
Listed by: Xao Vue • Fish MLS Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6715642
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