6024 W 35th St

Saint Louis Park, MN · View the listing ↗

34 photos

Photos, via Realtor.com.

Asking price: $600,000
Monthly cash flow: −$471
Estimated rent: $4,925/mo
Break-even price: $511,508

Adjust the numbers See the full breakdown

From the listing

Fantastic mid-century side-by-side duplex on an awesome lot in a great St. Louis Park location! Huge fenced-in yard with plenty of room for the pup. Strong rental history at $2,500 per unit, with lots of capital improvements completed over the past 10 years. One unit is currently vacant, making this a perfect opportunity for an owner occupant. These are big units-one side is a 3 bed/2 bath and the other is a 4 bed/2 bath. Separate driveways and garages give each unit its own space and make both sides live much more like single-family homes than a typical duplex. Great opportunity for an investor or owner occupant looking for a well-maintained property with strong rental history in St. Louis Park.

Description from Realtor.com, MLS #7132255. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

The numbers

Edit rents, costs and assumptions

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

The deal

Price: $600,000
Cash to close: $138,000
Price per unit: $300,000
GRM: 10.2

Each month

Cash flow: −$471/mo
Cash-on-cash: −4.1%
Cap rate: 5.4%
DSCR: 0.85×

Break-even

Price that breaks even: $511,508
Rent that breaks even: $5,529/mo

Long run

Year 30: property vs stocks: $2.01M vs $1.18M
Cash flow turns positive: year 7

Monthly

Monthly breakdown

Rent	$4,925
Vacancy (6%)	−$296
Collected	$4,630
Property tax Listing	−$680
Insurance Estimate	−$209
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$394
Capital reserve (8% of rent)	−$394
Net operating income	$2,722
Mortgage (principal + interest)	−$3,193
Cash flow	−$471
Principal paid down (equity, not cash)	$406

Cash flow each year

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

30 years

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $540,000 of principal by year 30	$0
Plus rental profits, invested at 7%$266,859 of profit by year 30, before investment growth	$411,631
What you'd walk away with	$1,780,607
If you put the same money in stocks
Cash to close ($78,000) invested at 7%	$593,756
Monthly shortfalls ($76,491 total by yr 30) investedThe money you'd have put into the building while it lost money	$456,686
What you'd walk away with	$1,050,442
Building minus stocks	$730,165

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $540,000 of principal by year 30	$0
Plus rental profits, invested at 7%$112,129 of profit by year 30, before investment growth	$147,812
What you'd walk away with	$1,516,788
If you put the same money in stocks
Cash to close ($78,000) invested at 7%	$593,756
Monthly shortfalls ($159,631 total by yr 30) investedThe money you'd have put into the building while it lost money	$840,974
What you'd walk away with	$1,434,730
Building minus stocks	$82,058

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,432,085
Minus 6% selling cost	−$85,925
Minus loan still owedTenants' rent paid down all $531,000 of principal by year 30	$0
Plus rental profits, invested at 7%$281,128 of profit by year 30, before investment growth	$440,718
What you'd walk away with	$1,786,878
If you put the same money in stocks
Cash to close ($76,700) invested at 7%	$583,860
Monthly shortfalls ($68,934 total by yr 30) investedThe money you'd have put into the building while it lost money	$416,161
What you'd walk away with	$1,000,021
Building minus stocks	$786,857

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,432,085
Minus 6% selling cost	−$85,925
Minus loan still owedTenants' rent paid down all $531,000 of principal by year 30	$0
Plus rental profits, invested at 7%$121,742 of profit by year 30, before investment growth	$162,940
What you'd walk away with	$1,509,100
If you put the same money in stocks
Cash to close ($76,700) invested at 7%	$583,860
Monthly shortfalls ($147,418 total by yr 30) investedThe money you'd have put into the building while it lost money	$786,489
What you'd walk away with	$1,370,349
Building minus stocks	$138,751

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $480,000 of principal by year 30	$0
Plus rental profits, invested at 7%$369,980 of profit by year 30, before investment growth	$637,905
What you'd walk away with	$2,006,881
If you put the same money in stocks
Cash to close ($138,000) invested at 7%	$1,050,491
Monthly shortfalls ($19,707 total by yr 30) investedThe money you'd have put into the building while it lost money	$126,050
What you'd walk away with	$1,176,541
Building minus stocks	$830,340

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $480,000 of principal by year 30	$0
Plus rental profits, invested at 7%$185,093 of profit by year 30, before investment growth	$271,893
What you'd walk away with	$1,640,869
If you put the same money in stocks
Cash to close ($138,000) invested at 7%	$1,050,491
Monthly shortfalls ($72,690 total by yr 30) investedThe money you'd have put into the building while it lost money	$408,144
What you'd walk away with	$1,458,635
Building minus stocks	$182,234

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,432,085
Minus 6% selling cost	−$85,925
Minus loan still owedTenants' rent paid down all $472,000 of principal by year 30	$0
Plus rental profits, invested at 7%$385,309 of profit by year 30, before investment growth	$675,062
What you'd walk away with	$2,021,222
If you put the same money in stocks
Cash to close ($135,700) invested at 7%	$1,032,983
Monthly shortfalls ($15,874 total by yr 30) investedThe money you'd have put into the building while it lost money	$102,876
What you'd walk away with	$1,135,859
Building minus stocks	$885,363

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,432,085
Minus 6% selling cost	−$85,925
Minus loan still owedTenants' rent paid down all $472,000 of principal by year 30	$0
Plus rental profits, invested at 7%$196,573 of profit by year 30, before investment growth	$293,555
What you'd walk away with	$1,639,715
If you put the same money in stocks
Cash to close ($135,700) invested at 7%	$1,032,983
Monthly shortfalls ($65,009 total by yr 30) investedThe money you'd have put into the building while it lost money	$369,475
What you'd walk away with	$1,402,458
Building minus stocks	$237,257

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $450,000 of principal by year 30	$0
Plus rental profits, invested at 7%$429,575 of profit by year 30, before investment growth	$788,155
What you'd walk away with	$2,157,131
If you put the same money in stocks
Cash to close ($168,000) invested at 7%	$1,278,859
Monthly shortfalls ($7,449 total by yr 30) investedThe money you'd have put into the building while it lost money	$50,058
What you'd walk away with	$1,328,917
Building minus stocks	$828,214

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,357
Minus 6% selling cost	−$87,381
Minus loan still owedTenants' rent paid down all $450,000 of principal by year 30	$0
Plus rental profits, invested at 7%$229,910 of profit by year 30, before investment growth	$359,176
What you'd walk away with	$1,728,152
If you put the same money in stocks
Cash to close ($168,000) invested at 7%	$1,278,859
Monthly shortfalls ($45,654 total by yr 30) investedThe money you'd have put into the building while it lost money	$269,186
What you'd walk away with	$1,548,045
Building minus stocks	$180,107

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,432,085
Minus 6% selling cost	−$85,925
Minus loan still owedTenants' rent paid down all $442,500 of principal by year 30	$0
Plus rental profits, invested at 7%$445,300 of profit by year 30, before investment growth	$830,186
What you'd walk away with	$2,176,346
If you put the same money in stocks
Cash to close ($165,200) invested at 7%	$1,257,545
Monthly shortfalls ($5,210 total by yr 30) investedThe money you'd have put into the building while it lost money	$35,529
What you'd walk away with	$1,293,073
Building minus stocks	$883,273

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,432,085
Minus 6% selling cost	−$85,925
Minus loan still owedTenants' rent paid down all $442,500 of principal by year 30	$0
Plus rental profits, invested at 7%$241,886 of profit by year 30, before investment growth	$383,723
What you'd walk away with	$1,729,883
If you put the same money in stocks
Cash to close ($165,200) invested at 7%	$1,257,545
Monthly shortfalls ($39,667 total by yr 30) investedThe money you'd have put into the building while it lost money	$237,172
What you'd walk away with	$1,494,717
Building minus stocks	$235,166

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.

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

This propertyStocks at 7%

Year 30 (loan paid off): property $2.01M, stocks $1.18M. The property wins.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-04. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

3 bed estimate $2,425/mo · range $1,825–$3,275 · 7 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
5855 Highway 7, Minneapolis	$3,045	3 / 2	1,560	0.2 mi	2024-04-12	Apartment
7450 Highway 7, Saint Louis Park	$3,250	3 / 2	1,750	0.8 mi	2026-09-29	Apartment
7400 Oak Park Village Dr, Saint Louis Park	$2,405	3 / 2.5	1,514	0.9 mi	2025-01-03	Apartment
4820 Highway 7, Minneapolis	$2,305	3 / 1.5	1,200	0.9 mi	2024-04-12	Apartment
8300 31st St W Unit 112, Saint Louis Park	$1,799	3 / 2	873	1.4 mi	—	Apartment
8300 31st St W, Saint Louis Park	$1,799	3 / 2	873	1.4 mi	2026-02-03	Apartment
3807 France Ave S, Minneapolis	$3,800	3 / 1	—	1.5 mi	2025-09-25	Duplex triplex

4 bed estimate $2,500/mo · range $2,325–$2,550 · 12 rentals within 5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
3714 Kipling Ave S, Saint Louis Park	$2,300	4 / 2	1,642	1.1 mi	2025-10-15	Multi family
3448 Girard Ave S, Minneapolis	$2,595	4 / 2	2,200	2.9 mi	2026-08-28	Apartment
1924 Colfax Ave S, Minneapolis	$2,550	4 / 2	1,574	3.6 mi	2026-07-08	Apartment
2449 Lyndale Ave S, Minneapolis	$2,395	4 / 3	1,804	3.6 mi	2026-06-02	Apartment
2529 Pleasant Ave Unit 2, Minneapolis	$2,500	4 / 2	2,000	3.8 mi	2026-08-25	Apartment
220 E 27th St, Minneapolis	$2,600	4 / 1	2,516	4.2 mi	2026-04-04	Apartment
1030 Knox Ave N, Minneapolis	$2,450	5 / 1.5	1,500	4.3 mi	2026-01-31	Apartment
1030 Knox Ave N, Minneapolis	$2,099	4 / 1	900	4.3 mi	2026-01-31	Apartment
2411 Golden Valley Rd Unit 2, Minneapolis	$2,195	5 / 2	—	4.6 mi	2026-07-30	Multi family
2820 12th Ave S, Minneapolis	$2,500	11 / 5	2,880	4.9 mi	2026-08-06	Duplex triplex

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 6024 35TH ST W

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 Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.	$8,161
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,508
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%

Status history

2026-08-25New at $600,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$8,161
County	Hennepin
Parcel number	1611721320084

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Saint Louis Park on rental licensing before you buy.