For saleMulti-family
$369,700
3310 Chicago Ave
Minneapolis MN 55407
7 beds, 3 baths, 3,175 sqft
3310 Chicago Ave is a 7 beds, 3 baths, 3,175 sqft multi-family home for sale at $369,700 in Minneapolis MN 55407. At 20% down it rents for an estimated $4,500/mo and returns $1,861/mo a month at a 12.7% 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
- $4,500/mo
- Monthly cash flow
- $1,861/mo
- Cap rate
- 12.7%
- Cash-on-cash
- 30.2%
- Max offer
- $369,700
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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