5101 56th Ave N

28 photos

Photos courtesy of BRIX Real Estate - Broker, via Realtor.com.

Asking price: $619,900
Monthly cash flow: −$398
Estimated rent: $5,900/mo
Break-even price: $545,209

Adjust the numbers See the full breakdown

From the listing

Terrific opportunity to own a 4-plex in an area where they rarely hit the market. This solid, turn-key building offers 4 identical units - each of which is 2 bedrooms, 1 bath, and 742 SF. This gem is located on a 13K SF lot - [yes....a lot that is over 13,000 SF] - and literally just steps to Twin Oaks Park. Recent updates include 4 brand new furnaces, 4 brand new hot water heaters, a new roof in 2023 and numerous appliances in various units. All units have their own furnace and central A/C unit [no window A/C units here] Add'l revenue streams include coin operated laundry and 2 garage stalls. There is ample off street parking in addn to the garages. Located on a bus line - this property is located 4/10 of a mile from Twin Lakes, and 8/10 of a mile from the MAC Wildlife Area. One unit is intentionally vacant for a potential owner occupant. Easy access to Highways 100, 694, and 94.

Listing courtesy of BRIX Real Estate - Broker (Clay Lowen). Description from Realtor.com, MLS #7121121. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

The numbers

Edit rents, costs and assumptions

Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).

The deal

Price: $619,900
Cash to close: $142,577
Price per unit: $154,975
GRM: 8.8

Each month

Cash flow: −$398/mo
Cash-on-cash: −3.3%
Cap rate: 5.6%
DSCR: 0.88×

Break-even

Price that breaks even: $545,209
Rent that breaks even: $6,416/mo

Long run

Year 30: property vs stocks: $2.13M vs $1.18M
Cash flow turns positive: year 6

Monthly

Monthly breakdown

Rent	$5,900
Vacancy (6%)	−$354
Collected	$5,546
Property tax Listing	−$869
Insurance Estimate	−$372
Water, sewer, trash Estimate	−$340
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$531
Capital reserve (8% of rent)	−$472
Net operating income	$2,902
Mortgage (principal + interest)	−$3,299
Cash flow	−$398
Principal paid down (equity, not cash)	$420

Cash flow each year

Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,504,660
Minus 6% selling cost	−$90,280
Minus loan still owedTenants' rent paid down all $557,910 of principal by year 30	$0
Plus rental profits, invested at 7%$292,208 of profit by year 30, before investment growth	$461,572
What you'd walk away with	$1,875,953
If you put the same money in stocks
Cash to close ($80,587) invested at 7%	$613,449
Monthly shortfalls ($68,225 total by yr 30) investedThe money you'd have put into the building while it lost money	$414,222
What you'd walk away with	$1,027,671
Building minus stocks	$848,282

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,504,660
Minus 6% selling cost	−$90,280
Minus loan still owedTenants' rent paid down all $557,910 of principal by year 30	$0
Plus rental profits, invested at 7%$104,107 of profit by year 30, before investment growth	$136,180
What you'd walk away with	$1,550,560
If you put the same money in stocks
Cash to close ($80,587) invested at 7%	$613,449
Monthly shortfalls ($165,085 total by yr 30) investedThe money you'd have put into the building while it lost money	$865,241
What you'd walk away with	$1,478,690
Building minus stocks	$71,870

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,387
Minus 6% selling cost	−$88,823
Minus loan still owedTenants' rent paid down all $548,910 of principal by year 30	$0
Plus rental profits, invested at 7%$307,046 of profit by year 30, before investment growth	$492,836
What you'd walk away with	$1,884,400
If you put the same money in stocks
Cash to close ($79,287) invested at 7%	$603,553
Monthly shortfalls ($61,237 total by yr 30) investedThe money you'd have put into the building while it lost money	$375,874
What you'd walk away with	$979,426
Building minus stocks	$904,974

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,387
Minus 6% selling cost	−$88,823
Minus loan still owedTenants' rent paid down all $548,910 of principal by year 30	$0
Plus rental profits, invested at 7%$113,447 of profit by year 30, before investment growth	$150,651
What you'd walk away with	$1,542,216
If you put the same money in stocks
Cash to close ($79,287) invested at 7%	$603,553
Monthly shortfalls ($152,600 total by yr 30) investedThe money you'd have put into the building while it lost money	$810,100
What you'd walk away with	$1,413,653
Building minus stocks	$128,563

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,504,660
Minus 6% selling cost	−$90,280
Minus loan still owedTenants' rent paid down all $495,920 of principal by year 30	$0
Plus rental profits, invested at 7%$403,329 of profit by year 30, before investment growth	$715,129
What you'd walk away with	$2,129,509
If you put the same money in stocks
Cash to close ($142,577) invested at 7%	$1,085,332
Monthly shortfalls ($14,138 total by yr 30) investedThe money you'd have put into the building while it lost money	$92,398
What you'd walk away with	$1,177,730
Building minus stocks	$951,779

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,504,660
Minus 6% selling cost	−$90,280
Minus loan still owedTenants' rent paid down all $495,920 of principal by year 30	$0
Plus rental profits, invested at 7%$178,388 of profit by year 30, before investment growth	$261,474
What you'd walk away with	$1,675,854
If you put the same money in stocks
Cash to close ($142,577) invested at 7%	$1,085,332
Monthly shortfalls ($74,158 total by yr 30) investedThe money you'd have put into the building while it lost money	$415,154
What you'd walk away with	$1,500,486
Building minus stocks	$175,368

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,387
Minus 6% selling cost	−$88,823
Minus loan still owedTenants' rent paid down all $487,920 of principal by year 30	$0
Plus rental profits, invested at 7%$419,297 of profit by year 30, before investment growth	$755,526
What you'd walk away with	$2,147,090
If you put the same money in stocks
Cash to close ($140,277) invested at 7%	$1,067,824
Monthly shortfalls ($10,944 total by yr 30) investedThe money you'd have put into the building while it lost money	$72,463
What you'd walk away with	$1,140,288
Building minus stocks	$1,006,802

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,387
Minus 6% selling cost	−$88,823
Minus loan still owedTenants' rent paid down all $487,920 of principal by year 30	$0
Plus rental profits, invested at 7%$189,720 of profit by year 30, before investment growth	$282,669
What you'd walk away with	$1,674,233
If you put the same money in stocks
Cash to close ($140,277) invested at 7%	$1,067,824
Monthly shortfalls ($66,329 total by yr 30) investedThe money you'd have put into the building while it lost money	$376,018
What you'd walk away with	$1,443,842
Building minus stocks	$230,391

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,504,660
Minus 6% selling cost	−$90,280
Minus loan still owedTenants' rent paid down all $464,925 of principal by year 30	$0
Plus rental profits, invested at 7%$467,452 of profit by year 30, before investment growth	$884,137
What you'd walk away with	$2,298,517
If you put the same money in stocks
Cash to close ($173,572) invested at 7%	$1,321,274
Monthly shortfalls ($4,024 total by yr 30) investedThe money you'd have put into the building while it lost money	$27,660
What you'd walk away with	$1,348,934
Building minus stocks	$949,583

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,504,660
Minus 6% selling cost	−$90,280
Minus loan still owedTenants' rent paid down all $464,925 of principal by year 30	$0
Plus rental profits, invested at 7%$224,383 of profit by year 30, before investment growth	$350,630
What you'd walk away with	$1,765,011
If you put the same money in stocks
Cash to close ($173,572) invested at 7%	$1,321,274
Monthly shortfalls ($45,917 total by yr 30) investedThe money you'd have put into the building while it lost money	$270,565
What you'd walk away with	$1,591,839
Building minus stocks	$173,172

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,387
Minus 6% selling cost	−$88,823
Minus loan still owedTenants' rent paid down all $457,425 of principal by year 30	$0
Plus rental profits, invested at 7%$483,839 of profit by year 30, before investment growth	$930,104
What you'd walk away with	$2,321,668
If you put the same money in stocks
Cash to close ($170,772) invested at 7%	$1,299,960
Monthly shortfalls ($2,448 total by yr 30) investedThe money you'd have put into the building while it lost money	$17,067
What you'd walk away with	$1,317,027
Building minus stocks	$1,004,641

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,480,387
Minus 6% selling cost	−$88,823
Minus loan still owedTenants' rent paid down all $457,425 of principal by year 30	$0
Plus rental profits, invested at 7%$236,359 of profit by year 30, before investment growth	$375,177
What you'd walk away with	$1,766,742
If you put the same money in stocks
Cash to close ($170,772) invested at 7%	$1,299,960
Monthly shortfalls ($39,929 total by yr 30) investedThe money you'd have put into the building while it lost money	$238,551
What you'd walk away with	$1,538,511
Building minus stocks	$228,231

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.

30 years: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $2.13M, stocks $1.18M. The property wins.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-04. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

2 bed estimate $1,475/mo · range $1,375–$1,650 · 10 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
5101 56th Ave N Unit 3, Crystal	$1,400	2 / 1	742	0.0 mi	2026-09-08	Apartment
5401 51st Ave N, Crystal	$1,620	2 / 2	1,265	0.6 mi	2026-09-28	Apartment
5450 Douglas Dr N, Crystal	$1,775	2 / 2	1,123	0.7 mi	2025-06-12	Apartment
4539 58th Ave N, Brooklyn Center	$1,575	2 / 1.5	1,065	0.7 mi	2025-04-05	Apartment
5332 Hanson Ct N Apt 2, Crystal	$1,350	2 / 1	900	0.7 mi	—	Apartment
3413 53rd Ave N, Brooklyn Center	$1,479	2 / 1	950	1.0 mi	2026-04-21	Apartment
4199 46th Ave N, Robbinsdale	$1,625	2 / 1.5	1,000	1.1 mi	2024-06-11	Apartment
3401 47th Ave N, Brooklyn Center	$1,300	2 / 1	750	1.3 mi	2025-10-20	Apartment
6455 Zane Ave N, Brooklyn Park	$1,405	2 / 1	905	1.4 mi	2025-10-24	Apartment
3907 65th Ave N, Minneapolis	$1,325	2 / 1	850	1.4 mi	2026-04-03	Apartment

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 5101 56TH AVE N

Opportunities

None found.

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 Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.	$10,426
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,468
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$340
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. 8 bedrooms: +1 pt repairs for wear	9% / 8%

Status history

2026-08-04Price cut at $619,900 (was $649,000) · from listing history
2026-03-02Price increase at $649,000 (was $635,000) · from listing history
2026-08-04New at $619,900

From the listing Listing

Listed as	four plex
Property tax, 2026	$10,426
County	Hennepin
Parcel number	0411821430066

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Crystal on rental licensing before you buy.