For saleMulti-family
$629,900
3018 Chicago Ave
Minneapolis MN 55407
12 beds, 5 baths, 4,439 sqft
3018 Chicago Ave is a 12 beds, 5 baths, 4,439 sqft multi-family home for sale at $629,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $6,150/mo and returns $1,653/mo a month at a 9.8% 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
- $6,150/mo
- Monthly cash flow
- $1,653/mo
- Cap rate
- 9.8%
- Cash-on-cash
- 15.7%
- Max offer
- $629,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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