Minneapolis › Seward

2208 Milwaukee Ave

Minneapolis, MN · Seward · Listing office ↗ · Find the listing ↗

Far off

Asking price: $569,900
Monthly cash flow: −$2,153
Estimated rent: $2,700/mo
Break-even price: $165,453

Adjust these numbers in the calculator See the full breakdown

The numbers

Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).

Estimated rent per unit Estimate

2 bed / 1.5 bath (est.)$1,350 $1,150–$1,550
2 bed / 1.5 bath (est.)$1,350 $1,150–$1,550

Rough screening estimate from bedroom count only ($750 + $300 per bedroom, ±15%). Not comparable-rental data; a RentCast estimate replaces it for the top candidates. Confidence: low.

Rent rules: No rent cap.

Price: $569,900
Monthly cash flow: −$2,153
Cash to close: $131,077
Cap rate: 1.9%
Cash-on-cash: −19.7%
DSCR: 0.29×
GRM: 17.6
Price per unit: $284,950
Price that breaks even: $165,453
Rent that breaks even: $5,460/mo
Cash flow turns positive: not within 30 years
Year 30: property vs stocks: $1.30M vs $3.18M

Monthly breakdown

Rent	$2,700
Vacancy (6%)	−$162
Collected	$2,538
Property tax Public record	−$775
Insurance Estimate	−$220
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$216
Capital reserve (8% of rent)	−$216
Net operating income	$881
Mortgage (principal + interest)	−$3,033
Cash flow	−$2,153
Principal paid down (equity, not cash)	$386

Cash flow each year

Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $1.30M, stocks $3.18M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,383,297
Minus 6% selling cost	−$82,998
Minus loan still owedTenants' rent paid down all $512,910 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,300,299
If you put the same money in stocks
Cash to close ($74,087) invested at 7%	$563,969
Monthly shortfalls ($800,621 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,710,304
What you'd walk away with	$3,274,273
Building minus stocks	−$1,973,974

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,383,297
Minus 6% selling cost	−$82,998
Minus loan still owedTenants' rent paid down all $512,910 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,300,299
If you put the same money in stocks
Cash to close ($74,087) invested at 7%	$563,969
Monthly shortfalls ($931,027 total by yr 30) investedThe money you'd have put into the building while it lost money	$3,065,610
What you'd walk away with	$3,629,580
Building minus stocks	−$2,329,281

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,359,024
Minus 6% selling cost	−$81,541
Minus loan still owedTenants' rent paid down all $503,910 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,277,483
If you put the same money in stocks
Cash to close ($72,787) invested at 7%	$554,073
Monthly shortfalls ($778,795 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,640,691
What you'd walk away with	$3,194,764
Building minus stocks	−$1,917,281

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,359,024
Minus 6% selling cost	−$81,541
Minus loan still owedTenants' rent paid down all $503,910 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,277,483
If you put the same money in stocks
Cash to close ($72,787) invested at 7%	$554,073
Monthly shortfalls ($909,201 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,995,997
What you'd walk away with	$3,550,071
Building minus stocks	−$2,272,588

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,383,297
Minus 6% selling cost	−$82,998
Minus loan still owedTenants' rent paid down all $455,920 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,300,299
If you put the same money in stocks
Cash to close ($131,077) invested at 7%	$997,792
Monthly shortfalls ($648,737 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,181,332
What you'd walk away with	$3,179,123
Building minus stocks	−$1,878,824

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,383,297
Minus 6% selling cost	−$82,998
Minus loan still owedTenants' rent paid down all $455,920 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,300,299
If you put the same money in stocks
Cash to close ($131,077) invested at 7%	$997,792
Monthly shortfalls ($779,144 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,536,638
What you'd walk away with	$3,534,430
Building minus stocks	−$2,234,131

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,359,024
Minus 6% selling cost	−$81,541
Minus loan still owedTenants' rent paid down all $447,920 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,277,483
If you put the same money in stocks
Cash to close ($128,777) invested at 7%	$980,283
Monthly shortfalls ($629,577 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,121,000
What you'd walk away with	$3,101,284
Building minus stocks	−$1,823,801

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,359,024
Minus 6% selling cost	−$81,541
Minus loan still owedTenants' rent paid down all $447,920 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,277,483
If you put the same money in stocks
Cash to close ($128,777) invested at 7%	$980,283
Monthly shortfalls ($759,983 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,476,307
What you'd walk away with	$3,456,591
Building minus stocks	−$2,179,108

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,383,297
Minus 6% selling cost	−$82,998
Minus loan still owedTenants' rent paid down all $427,425 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,300,299
If you put the same money in stocks
Cash to close ($159,572) invested at 7%	$1,214,703
Monthly shortfalls ($580,489 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,966,439
What you'd walk away with	$3,181,142
Building minus stocks	−$1,880,843

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,383,297
Minus 6% selling cost	−$82,998
Minus loan still owedTenants' rent paid down all $427,425 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,300,299
If you put the same money in stocks
Cash to close ($159,572) invested at 7%	$1,214,703
Monthly shortfalls ($710,896 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,321,746
What you'd walk away with	$3,536,449
Building minus stocks	−$2,236,150

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,359,024
Minus 6% selling cost	−$81,541
Minus loan still owedTenants' rent paid down all $419,925 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,277,483
If you put the same money in stocks
Cash to close ($156,772) invested at 7%	$1,193,388
Monthly shortfalls ($562,526 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,909,879
What you'd walk away with	$3,103,267
Building minus stocks	−$1,825,784

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,359,024
Minus 6% selling cost	−$81,541
Minus loan still owedTenants' rent paid down all $419,925 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,277,483
If you put the same money in stocks
Cash to close ($156,772) invested at 7%	$1,193,388
Monthly shortfalls ($692,932 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,265,186
What you'd walk away with	$3,458,574
Building minus stocks	−$2,181,091

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.

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 2208 MILWAUKEE AVE
mediumBought for $475,900 in Oct 2024; asking is 20% more 24 months later. Ask what was done to justify the jump. Public record: Hennepin County parcel 3602924210321: last sale 2024-10-01, $475,900
mediumAsking is $404,447 above the price where cash flow breaks even ($165,453) at the default scenario. Based on: Derived: price $569,900 vs. break-even $165,453

Opportunities

None found.

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 Public recordHennepin County record, current payable year (non-homestead)	$9,299
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,645
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%

County record Public record

Recorded as	duplex
Living units	2
Year built	1900
Market value (2026)	$489,700
Property tax	$9,299
Special assessments	none
Homestead	no
Last sale	2024-10-01 · $475,900

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

I 94, about 416 m away.

Crime in Seward

516 incidents in the last 12 months (69 per 1,000 residents), +0% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-09-25Price increase at $569,900 (was $475,900) · from listing history
2026-09-25New at $569,900