Minneapolis › Whittier

2505 Blaisdell Ave

Minneapolis, MN · Whittier · Find the listing ↗

Far off

Asking price: $449,900
Monthly cash flow: −$1,027
Estimated rent: $3,300/mo
Break-even price: $256,880

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

3 bed / 1 bath (est.)$1,650 $1,400–$1,900
3 bed / 1 bath (est.)$1,650 $1,400–$1,900

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: $449,900
Monthly cash flow: −$1,027
Cash to close: $103,477
Cap rate: 3.6%
Cash-on-cash: −11.9%
DSCR: 0.57×
GRM: 11.4
Price per unit: $224,950
Price that breaks even: $256,880
Rent that breaks even: $4,634/mo
Cash flow turns positive: year 24
Year 30: property vs stocks: $1.05M vs $1.50M

Monthly breakdown

Rent	$3,300
Vacancy (6%)	−$198
Collected	$3,102
Property tax Public record	−$689
Insurance Estimate	−$254
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$264
Capital reserve (9% of rent)	−$297
Net operating income	$1,367
Mortgage (principal + interest)	−$2,395
Cash flow	−$1,027
Principal paid down (equity, not cash)	$305

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 $1.05M, stocks $1.50M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $404,910 of principal by year 30	$0
Plus rental profits, invested at 7%$1,863 of profit by year 30, before investment growth	$1,900
What you'd walk away with	$1,028,404
If you put the same money in stocks
Cash to close ($58,487) invested at 7%	$445,218
Monthly shortfalls ($260,258 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,115,170
What you'd walk away with	$1,560,388
Building minus stocks	−$531,984

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $404,910 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,026,504
If you put the same money in stocks
Cash to close ($58,487) invested at 7%	$445,218
Monthly shortfalls ($417,780 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,547,533
What you'd walk away with	$1,992,751
Building minus stocks	−$966,247

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $395,910 of principal by year 30	$0
Plus rental profits, invested at 7%$3,766 of profit by year 30, before investment growth	$3,921
What you'd walk away with	$1,007,608
If you put the same money in stocks
Cash to close ($57,187) invested at 7%	$435,322
Monthly shortfalls ($240,335 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,047,577
What you'd walk away with	$1,482,899
Building minus stocks	−$475,291

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $395,910 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,003,688
If you put the same money in stocks
Cash to close ($57,187) invested at 7%	$435,322
Monthly shortfalls ($395,955 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,477,920
What you'd walk away with	$1,913,242
Building minus stocks	−$909,554

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $359,920 of principal by year 30	$0
Plus rental profits, invested at 7%$18,238 of profit by year 30, before investment growth	$20,778
What you'd walk away with	$1,047,282
If you put the same money in stocks
Cash to close ($103,477) invested at 7%	$787,693
Monthly shortfalls ($156,730 total by yr 30) investedThe money you'd have put into the building while it lost money	$716,458
What you'd walk away with	$1,504,151
Building minus stocks	−$456,869

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $359,920 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,026,504
If you put the same money in stocks
Cash to close ($103,477) invested at 7%	$787,693
Monthly shortfalls ($297,878 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,129,943
What you'd walk away with	$1,917,637
Building minus stocks	−$891,133

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $351,920 of principal by year 30	$0
Plus rental profits, invested at 7%$23,015 of profit by year 30, before investment growth	$26,798
What you'd walk away with	$1,030,486
If you put the same money in stocks
Cash to close ($101,177) invested at 7%	$770,185
Monthly shortfalls ($142,347 total by yr 30) investedThe money you'd have put into the building while it lost money	$662,146
What you'd walk away with	$1,432,332
Building minus stocks	−$401,846

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $351,920 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,003,688
If you put the same money in stocks
Cash to close ($101,177) invested at 7%	$770,185
Monthly shortfalls ($278,717 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,069,612
What you'd walk away with	$1,839,797
Building minus stocks	−$836,109

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $337,425 of principal by year 30	$0
Plus rental profits, invested at 7%$33,157 of profit by year 30, before investment growth	$40,203
What you'd walk away with	$1,066,706
If you put the same money in stocks
Cash to close ($125,972) invested at 7%	$958,931
Monthly shortfalls ($117,772 total by yr 30) investedThe money you'd have put into the building while it lost money	$566,238
What you'd walk away with	$1,525,169
Building minus stocks	−$458,463

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $337,425 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,026,504
If you put the same money in stocks
Cash to close ($125,972) invested at 7%	$958,931
Monthly shortfalls ($244,001 total by yr 30) investedThe money you'd have put into the building while it lost money	$960,300
What you'd walk away with	$1,919,231
Building minus stocks	−$892,727

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $329,925 of principal by year 30	$0
Plus rental profits, invested at 7%$39,194 of profit by year 30, before investment growth	$48,572
What you'd walk away with	$1,052,259
If you put the same money in stocks
Cash to close ($123,172) invested at 7%	$937,617
Monthly shortfalls ($105,846 total by yr 30) investedThe money you'd have put into the building while it lost money	$518,047
What you'd walk away with	$1,455,664
Building minus stocks	−$403,405

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $329,925 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,003,688
If you put the same money in stocks
Cash to close ($123,172) invested at 7%	$937,617
Monthly shortfalls ($226,037 total by yr 30) investedThe money you'd have put into the building while it lost money	$903,739
What you'd walk away with	$1,841,356
Building minus stocks	−$837,668

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

mediumAsking is $193,020 above the price where cash flow breaks even ($256,880) at the default scenario. Based on: Derived: price $449,900 vs. break-even $256,880

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 177 days on market, 1 price cuts

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)	$8,274
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$3,051
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. built 1907: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1907
Market value (2026)	$435,700
Property tax	$8,274
Special assessments	none
Homestead	no
Last sale	—

Source: Hennepin County parcel records.

City rental license

CHOWNEXMPT: 2 unit(s), Tier 1, status active, renews 2027-03-01.

Nearest highway

I 35W, about 674 m away.

Crime in Whittier

1,136 incidents in the last 12 months (76 per 1,000 residents), +1% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-04-08Price cut at $449,900 (was $584,900) · from listing history
2026-04-08New at $449,900