3018 Chicago Ave

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

Asking price: $584,900
Monthly cash flow: −$154
Estimated rent: $5,850/mo
Break-even price: $556,015

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

4 bed / 1.5 bath (est.)$1,950 $1,650–$2,250
4 bed / 1.5 bath (est.)$1,950 $1,650–$2,250
4 bed / 1.5 bath (est.)$1,950 $1,650–$2,250

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: $584,900
Monthly cash flow: −$154
Cash to close: $134,527
Cap rate: 6.1%
Cash-on-cash: −1.4%
DSCR: 0.95×
GRM: 8.3
Price per unit: $194,967
Price that breaks even: $556,015
Rent that breaks even: $6,052/mo
Cash flow turns positive: year 3
Year 30: property vs stocks: $2.29M vs $1.04M

Monthly breakdown

Rent	$5,850
Vacancy (6%)	−$351
Collected	$5,499
Property tax Public record	−$822
Insurance Estimate	−$349
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$526
Capital reserve (9% of rent)	−$526
Net operating income	$2,959
Mortgage (principal + interest)	−$3,113
Cash flow	−$154
Principal paid down (equity, not cash)	$396

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 $2.29M, stocks $1.04M. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,706
Minus 6% selling cost	−$85,182
Minus loan still owedTenants' rent paid down all $526,410 of principal by year 30	$0
Plus rental profits, invested at 7%$380,665 of profit by year 30, before investment growth	$649,616
What you'd walk away with	$1,984,139
If you put the same money in stocks
Cash to close ($76,037) invested at 7%	$578,813
Monthly shortfalls ($39,955 total by yr 30) investedThe money you'd have put into the building while it lost money	$254,933
What you'd walk away with	$833,746
Building minus stocks	$1,150,393

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,706
Minus 6% selling cost	−$85,182
Minus loan still owedTenants' rent paid down all $526,410 of principal by year 30	$0
Plus rental profits, invested at 7%$167,569 of profit by year 30, before investment growth	$238,757
What you'd walk away with	$1,573,281
If you put the same money in stocks
Cash to close ($76,037) invested at 7%	$578,813
Monthly shortfalls ($109,405 total by yr 30) investedThe money you'd have put into the building while it lost money	$613,906
What you'd walk away with	$1,192,719
Building minus stocks	$380,562

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,395,433
Minus 6% selling cost	−$83,726
Minus loan still owedTenants' rent paid down all $517,410 of principal by year 30	$0
Plus rental profits, invested at 7%$397,659 of profit by year 30, before investment growth	$690,226
What you'd walk away with	$2,001,933
If you put the same money in stocks
Cash to close ($74,737) invested at 7%	$568,917
Monthly shortfalls ($35,122 total by yr 30) investedThe money you'd have put into the building while it lost money	$225,930
What you'd walk away with	$794,847
Building minus stocks	$1,207,086

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,395,433
Minus 6% selling cost	−$83,726
Minus loan still owedTenants' rent paid down all $517,410 of principal by year 30	$0
Plus rental profits, invested at 7%$179,484 of profit by year 30, before investment growth	$260,032
What you'd walk away with	$1,571,739
If you put the same money in stocks
Cash to close ($74,737) invested at 7%	$568,917
Monthly shortfalls ($99,494 total by yr 30) investedThe money you'd have put into the building while it lost money	$565,568
What you'd walk away with	$1,134,485
Building minus stocks	$437,254

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,706
Minus 6% selling cost	−$85,182
Minus loan still owedTenants' rent paid down all $467,920 of principal by year 30	$0
Plus rental profits, invested at 7%$499,306 of profit by year 30, before investment growth	$956,478
What you'd walk away with	$2,291,002
If you put the same money in stocks
Cash to close ($134,527) invested at 7%	$1,024,054
Monthly shortfalls ($2,714 total by yr 30) investedThe money you'd have put into the building while it lost money	$18,901
What you'd walk away with	$1,042,955
Building minus stocks	$1,248,047

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,706
Minus 6% selling cost	−$85,182
Minus loan still owedTenants' rent paid down all $467,920 of principal by year 30	$0
Plus rental profits, invested at 7%$253,556 of profit by year 30, before investment growth	$404,868
What you'd walk away with	$1,739,392
If you put the same money in stocks
Cash to close ($134,527) invested at 7%	$1,024,054
Monthly shortfalls ($39,511 total by yr 30) investedThe money you'd have put into the building while it lost money	$237,122
What you'd walk away with	$1,261,176
Building minus stocks	$478,216

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,395,433
Minus 6% selling cost	−$83,726
Minus loan still owedTenants' rent paid down all $459,920 of principal by year 30	$0
Plus rental profits, invested at 7%$517,189 of profit by year 30, before investment growth	$1,008,019
What you'd walk away with	$2,319,726
If you put the same money in stocks
Cash to close ($132,227) invested at 7%	$1,006,546
Monthly shortfalls ($1,436 total by yr 30) investedThe money you'd have put into the building while it lost money	$10,110
What you'd walk away with	$1,016,656
Building minus stocks	$1,303,070

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,395,433
Minus 6% selling cost	−$83,726
Minus loan still owedTenants' rent paid down all $459,920 of principal by year 30	$0
Plus rental profits, invested at 7%$266,969 of profit by year 30, before investment growth	$433,523
What you'd walk away with	$1,745,231
If you put the same money in stocks
Cash to close ($132,227) invested at 7%	$1,006,546
Monthly shortfalls ($33,763 total by yr 30) investedThe money you'd have put into the building while it lost money	$205,446
What you'd walk away with	$1,211,992
Building minus stocks	$533,239

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,706
Minus 6% selling cost	−$85,182
Minus loan still owedTenants' rent paid down all $438,675 of principal by year 30	$0
Plus rental profits, invested at 7%$566,636 of profit by year 30, before investment growth	$1,158,126
What you'd walk away with	$2,492,649
If you put the same money in stocks
Cash to close ($163,772) invested at 7%	$1,246,674
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$1,246,674
Building minus stocks	$1,245,975

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,706
Minus 6% selling cost	−$85,182
Minus loan still owedTenants' rent paid down all $438,675 of principal by year 30	$0
Plus rental profits, invested at 7%$304,728 of profit by year 30, before investment growth	$518,654
What you'd walk away with	$1,853,177
If you put the same money in stocks
Cash to close ($163,772) invested at 7%	$1,246,674
Monthly shortfalls ($20,638 total by yr 30) investedThe money you'd have put into the building while it lost money	$130,359
What you'd walk away with	$1,377,033
Building minus stocks	$476,144

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,395,433
Minus 6% selling cost	−$83,726
Minus loan still owedTenants' rent paid down all $431,175 of principal by year 30	$0
Plus rental profits, invested at 7%$584,599 of profit by year 30, before investment growth	$1,214,686
What you'd walk away with	$2,526,394
If you put the same money in stocks
Cash to close ($160,972) invested at 7%	$1,225,360
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$1,225,360
Building minus stocks	$1,301,034

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,395,433
Minus 6% selling cost	−$83,726
Minus loan still owedTenants' rent paid down all $431,175 of principal by year 30	$0
Plus rental profits, invested at 7%$318,760 of profit by year 30, before investment growth	$551,885
What you'd walk away with	$1,863,592
If you put the same money in stocks
Cash to close ($160,972) invested at 7%	$1,225,360
Monthly shortfalls ($16,707 total by yr 30) investedThe money you'd have put into the building while it lost money	$107,030
What you'd walk away with	$1,332,390
Building minus stocks	$531,202

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

highProperty taxes have been delinquent since 2025. Expect penalties and a payoff at closing; ask why. Public record: Hennepin County parcel 0202824220008: earliest delinquent year=25

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)	$9,869
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,191
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$255
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. built 1909: +1 pt capital reserve; 12 bedrooms: +1 pt repairs for wear	9% / 9%

County record Public record

Recorded as	triplex
Living units	3
Year built	1909
Market value (2026)	$519,700
Property tax	$9,869
Special assessments	none
Homestead	no
Taxes delinquent since	25
Last sale	2023-09-01 · $520,000

Source: Hennepin County parcel records.

City rental license

CHOWN: 3 unit(s), Tier 1, status active, renews 2027-03-01.

Nearest highway

I 35W, about 904 m away.

Crime in Central

409 incidents in the last 12 months (50 per 1,000 residents), −10% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-07-18New at $584,900