For saleMulti-family
$499,900
3215 Chicago Ave S
Minneapolis MN 55407
4 beds, 4 baths, 2,760 sqft
3215 Chicago Ave S is a 4 beds, 4 baths, 2,760 sqft multi-family home for sale at $499,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $4,400/mo and returns $831/mo a month at a 8.7% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $4,400/mo
- Monthly cash flow
- $831/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.0%
- Max offer
- $499,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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