Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Unbranded Virtual Tour
Photo
Unbranded Virtual Tour
See all photos

$265,000

For Sale - Active
2822 E 29th St, Minneapolis, MN 55406
3 Beds
1 Bath
1,006 Square Feet
0.09 Acres Lot
Built in 1903
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 20, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$88
Cap Rate
5.3%
Cash-on-Cash Return
-1.7%
Debt Coverage Ratio
0.93
Internal Rate of Return (5 years)
2.3%

Property Description


0.09 Acres Lot
Built in 1903
For Sale - Active
Units n/a

This Minneapolis charmer blends classic style with everyday functionality in a location that truly can’t be beat. With two main level bedrooms and a bonus toilet in the basement, the home offers added convenience alongside its timeless design touches and bright, sun-filled spaces that create a warm and welcoming feel. The fully fenced backyard provides a private retreat—perfect for relaxing, gardening, or letting pets roam free. Ideally located just steps from dining, groceries, shops, bus lines, and the Light Rail, this move-in-ready home delivers the best of city living—walkability, charm, and flexibility—all in one.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Detached, Concrete, Garage Door Opener
  • Details: Concrete, Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Type: Gable

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 3602924440067
  • Lot Size: 3920 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1903

Tax Information

  • Annual Tax: $2,567

Utilities

  • Heating: Hot Water

Location

  • County: Hennepin

Listing Details


Listed by:
Christine Nicole Raak
eXp Realty
(612) 310-3084

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6703955
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$88
Cap Rate
5.3%
Cash-on-Cash Return
-1.7%
Debt Coverage Ratio
0.93
Internal Rate of Return (5 years)
2.3%

Purchase Details

Find an Agent

Purchase price:
$265,000
Amount financed:
-$212,000
Down payment:
$53,000
Closing costs:
$7,950
Rehab costs:
$0
Initial cash invested:
$60,950
Square feet:
1,006
Cost per square foot:
$263
Monthly rent per square foot:
$1.99

Financing Details

Find a Lender

Loan amount:
$212,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,254
Property tax:
$214
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,608

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$214-$2,567
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$714-$8,567

Cash Flow


Monthly Yearly
Net operating income:
$1,166 $13,992
Mortgage payments:
-$1,254 -$15,048
Cash flow:
$88 $1,056