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$89,000

For Sale - Active
1812 Clinton Ave Apt 202, Minneapolis, MN 55404
1 Bed
1 Bath
695 Square Feet
0.14 Acres Lot
Built in 1917
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Oct 14, 2025 at 10:06AM

Investment Summary


Monthly Cash Flow
-$100
Cap Rate
4.3%
Cash-on-Cash Return
-5.9%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-1.7%

Property Description


0.14 Acres Lot
Built in 1917
For Sale - Active
Units n/a

Welcome to this stunning historic brownstone located in the vibrant Steven Square neighborhood, just steps away from downtown Minneapolis and the trendy Eat Street. This charming home boasts original character with hardwood floors throughout, seamlessly blending classic elegance with modern amenities. The spacious layout features a beautifully updated kitchen, perfect for culinary enthusiasts and entertaining guests. Natural light floods the living areas, highlighting the intricate architectural details that make this home truly unique. Enjoy the convenience of urban living while being surrounded by parks, eclectic dining options and cultural attractions. Don't miss your chance to own a piece of history at an extremely affordable price.

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Location


Property Details


Parking

  • Description: Assigned
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Type: Flat

HOA

  • Has HOA: Yes
  • Association: Urban Enterprises, Inc.
  • HOA Fee: $500/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 2702924440300
  • Lot Size: 6098 sqft

Property Information

  • Property Type: Condominium
  • Style: (CC) Low Rise (3- Levels)
  • Year Built: 1917

Tax Information

  • Annual Tax: $1,740

Utilities

  • Water & Sewer: Public
  • Heating: Steam
  • Cooling: None

Location

  • County: Hennepin

Listing Details


Listed by:
Michael James Seebinger
DRG
(612) 777-8005

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6744006
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$100
Cap Rate
4.3%
Cash-on-Cash Return
-5.9%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-1.7%

Purchase Details

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Purchase price:
$89,000
Amount financed:
-$71,200
Down payment:
$17,800
Closing costs:
$2,670
Rehab costs:
$0
Initial cash invested:
$20,470
Square feet:
695
Cost per square foot:
$128
Monthly rent per square foot:
$2.01

Financing Details

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Loan amount:
$71,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$421
Property tax:
$145
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$664

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$145-$1,740
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (36%)
36%-$500-$6,000
Total operating expenses: (71%)
71%-$995-$11,940

Cash Flow


Monthly Yearly
Net operating income:
$321 $3,852
Mortgage payments:
-$421 -$5,052
Cash flow:
-$100 -$1,200