3614 Russell Ave N

Minneapolis, MN · Cleveland · Find the listing ↗

Cash flows

Asking price: $150,000
Monthly cash flow: $549
Estimated rent: $2,650/mo
Break-even price: $253,226

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

2 bed / 1 bath (est.)$1,475 $1,275–$1,650
1 bed / 1 bath (est.)$1,175 $900–$1,450

RentCast long-term rent estimate per unit, with our adjustments listed below. Confidence: medium.

Rent rules: No rent cap.

Price: $150,000
Monthly cash flow: $549
Cash to close: $34,500
Cap rate: 10.8%
Cash-on-cash: 19.1%
DSCR: 1.69×
GRM: 4.7
Price per unit: $75,000
Price that breaks even: $253,226
Rent that breaks even: $1,936/mo
Cash flow turns positive: year 1
Year 30: property vs stocks: $1.47M vs $263K

Monthly breakdown

Rent	$2,650
Vacancy (6%)	−$159
Collected	$2,491
Property tax Estimate	−$262
Insurance Estimate	−$200
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$212
Capital reserve (9% of rent)	−$238
Net operating income	$1,348
Mortgage (principal + interest)	−$798
Cash flow	$549
Principal paid down (equity, not cash)	$102

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 $1.47M, stocks $263K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $135,000 of principal by year 30	$0
Plus rental profits, invested at 7%$408,422 of profit by year 30, before investment growth	$988,477
What you'd walk away with	$1,330,721
If you put the same money in stocks
Cash to close ($19,500) invested at 7%	$148,439
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$148,439
Building minus stocks	$1,182,282

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $135,000 of principal by year 30	$0
Plus rental profits, invested at 7%$280,431 of profit by year 30, before investment growth	$639,749
What you'd walk away with	$981,994
If you put the same money in stocks
Cash to close ($19,500) invested at 7%	$148,439
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$148,439
Building minus stocks	$833,555

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $126,000 of principal by year 30	$0
Plus rental profits, invested at 7%$430,248 of profit by year 30, before investment growth	$1,058,090
What you'd walk away with	$1,377,517
If you put the same money in stocks
Cash to close ($18,200) invested at 7%	$138,543
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$138,543
Building minus stocks	$1,238,974

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $126,000 of principal by year 30	$0
Plus rental profits, invested at 7%$302,257 of profit by year 30, before investment growth	$709,363
What you'd walk away with	$1,028,790
If you put the same money in stocks
Cash to close ($18,200) invested at 7%	$138,543
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$138,543
Building minus stocks	$890,247

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $120,000 of principal by year 30	$0
Plus rental profits, invested at 7%$448,398 of profit by year 30, before investment growth	$1,127,704
What you'd walk away with	$1,469,948
If you put the same money in stocks
Cash to close ($34,500) invested at 7%	$262,623
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$262,623
Building minus stocks	$1,207,325

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $120,000 of principal by year 30	$0
Plus rental profits, invested at 7%$320,407 of profit by year 30, before investment growth	$778,977
What you'd walk away with	$1,121,221
If you put the same money in stocks
Cash to close ($34,500) invested at 7%	$262,623
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$262,623
Building minus stocks	$858,598

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $112,000 of principal by year 30	$0
Plus rental profits, invested at 7%$467,559 of profit by year 30, before investment growth	$1,188,035
What you'd walk away with	$1,507,463
If you put the same money in stocks
Cash to close ($32,200) invested at 7%	$245,115
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$245,115
Building minus stocks	$1,262,348

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $112,000 of principal by year 30	$0
Plus rental profits, invested at 7%$339,568 of profit by year 30, before investment growth	$839,308
What you'd walk away with	$1,158,736
If you put the same money in stocks
Cash to close ($32,200) invested at 7%	$245,115
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$245,115
Building minus stocks	$913,621

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $112,500 of principal by year 30	$0
Plus rental profits, invested at 7%$466,362 of profit by year 30, before investment growth	$1,184,265
What you'd walk away with	$1,526,509
If you put the same money in stocks
Cash to close ($42,000) invested at 7%	$319,715
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$319,715
Building minus stocks	$1,206,794

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $112,500 of principal by year 30	$0
Plus rental profits, invested at 7%$338,370 of profit by year 30, before investment growth	$835,538
What you'd walk away with	$1,177,782
If you put the same money in stocks
Cash to close ($42,000) invested at 7%	$319,715
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$319,715
Building minus stocks	$858,067

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $105,000 of principal by year 30	$0
Plus rental profits, invested at 7%$484,325 of profit by year 30, before investment growth	$1,240,825
What you'd walk away with	$1,560,253
If you put the same money in stocks
Cash to close ($39,200) invested at 7%	$298,400
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$298,400
Building minus stocks	$1,261,853

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $105,000 of principal by year 30	$0
Plus rental profits, invested at 7%$356,334 of profit by year 30, before investment growth	$892,098
What you'd walk away with	$1,211,526
If you put the same money in stocks
Cash to close ($39,200) invested at 7%	$298,400
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$298,400
Building minus stocks	$913,126

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

mediumNo rental license on file in the city's data. Ask whether the building is licensed as a rental and when it was last inspected. Public record: Minneapolis Active Rental Licenses: no record for 3614 RUSSELL AVE N
medium$1,848 in special assessments on the current tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Hennepin County parcel 0502924440091: special assessments (current) = $1,848.20

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 121 days on market

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 Estimateestimate. No tax record found; 2.1% of price.	$3,150
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,403
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 1911: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1911
Market value (2026)	$267,500
Property tax	$3,790
Special assessments	$1,848
Homestead	no
Last sale	2022-06-01 · $228,000

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

I 94, about 2024 m away.

Crime in Cleveland

108 incidents in the last 12 months (34 per 1,000 residents), −33% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-06-03New at $150,000