101 N Cedar St · Chaska, MN 55318

$147,900

2 bd · 1.0 ba · 906 sqft · SingleFamily public records · 45 Days on market

Built 1886 Est $272k · 46% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +5.5/10.0
• Schools +5.2/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fabulous opportunity for a rehab or teardown & rebuild! Great location within a short walk of coffee shops, shopping, dining, and downtown Chaska!

Key facts

• Built 1886
• Listed 45 days

Property features AI

Finance

• Financial info: Annual taxes listed for 2026
• HOA & community: $35 other annual assessment

Exterior

• Parking: On-street parking only
• Utilities: City water (in street); City sewer (in street); Natural gas
• Home design: Residential property; One and one-half levels; Main living area approximately 1,014 square feet
• Construction: Foundation described as other
• Exterior features: Stucco exterior; Lot approximately 4,792 square feet

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; No cooling
• Interior features: Basement with unspecified/other features; Forced air heating; No central cooling

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $229 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $143k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 2.5% in Chaska — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#75 in MN, #1,802 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: cost of living C-, amenities F, health & safety F.
• Eastern Carver County Public School (suburban): math 52% / reading 61% proficiency, ranked #41 of 301 in MN (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Clover Ridge Elementary (math 56% / reading 59%, grade C+, #261 of 857 statewide, top 31%, 657 students, 27% FRL); Chaska Middle School West (math 41% / reading 59%, grade C, #77 of 258 statewide, top 31%, 599 students, 20% FRL); Chaska High School (math 52% / reading 59%, grade C, #80 of 471 statewide, top 17%, 1,584 students, 26% FRL).
• Market conditions: Rents rising (+3.0%/yr); 298 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 682 units permitted in Carver County in 2024 (6 in 5+ unit buildings).
• This rent is only 17% of the median local income ($112k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Carver County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 29y ago; this cycle's ask has dropped $17k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $117k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1886 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $143,463 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1886 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.64%
• DSCR: 1.30
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $271,800
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
115 N Pine St	0.07mi	3/1.0 (+1)	1,004 (+11%)	12mo	$301,000	$300	64

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.98% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.77×
• Total profit: $-9,382
• Equity at exit: $22,052

10-year hold

• IRR: 3.5%
• Equity multiple: 1.25×
• Total profit: $10,550
• Equity at exit: $12,788

Cash invested: $41,412 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 46 Balanced
• State Minnesota: 46 Balanced · D+2
• County: — inherits STATE
• City: — inherits STATE

2024 reforms strengthened tenant protections; ramsey/hennepin courts paced moderate to slow.

Methodology + full state rankings →

ZIP-level market 55318

• Rents YoY: 3.0%
• Active inventory: 298
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,557 high
• Mortgage (P&I): −$776
• Tax from tax record: −$163 /mo · $1,958/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $229

Break-even live

Break-even rent $1,266

Max offer price $147,900

Occupancy floor 80%

Sensitivity live

Price	-10% $313	-5% $271	+0% $229	+5% $187	+10% $146
Rent	-10% $106	-5% $168	+0% $229	+5% $291	+10% $352
Rate	-1.0pp $304	-0.5pp $267	base $229	+0.5pp $191	+1.0pp $152

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,975
• Closing costs: $4,437
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
412 N Cedar St Chaska, MN	1.0	1.0	525	$995	$1.90	3d	1	0.23mi
1045 Yellow Brick Rd Chaska, MN	1.0–2.0	1.0–2.0	964	$1,745	$1.81	0d	6	0.82mi
135 Crosstown Blvd Ste A Chaska, MN	1.0	1.0	640	$1,165	$1.82	0d	2	1.00mi
340 Crosstown Blvd Chaska, MN	2.0–3.0	1.0	926	$1,622	$1.75	0d	6	1.09mi
1200 Crosstown Blvd Chaska, MN	2.0	1.0	830	$1,620	$1.95	0d	2	1.12mi
325 Engler Blvd Chaska, MN	1.0–3.0	1.0–2.0	1093	$1,962	$1.79	0d	17	1.47mi

Listing history 30 events

1. 2026-06-21
   days on market $147,900 Active 45 DOM
2. 2026-06-18
   days on market $147,900 Active 42 DOM
3. 2026-06-17
   pricedays on market $147,900 Active 41 DOM
4. 2026-06-16
   days on market $154,900 Active 40 DOM
5. 2026-06-15
   days on market $154,900 Active 39 DOM
6. 2026-06-13
   days on market $154,900 Active 37 DOM
7. 2026-06-13
   days on market $154,900 Active 36 DOM
8. 2026-06-09
   days on market $154,900 Active 33 DOM
9. 2026-06-08
   days on market $154,900 Active 32 DOM
10. 2026-06-07
    days on market $154,900 Active 31 DOM
11. 2026-06-04
    days on market $154,900 Active 28 DOM
12. 2026-06-03
    days on market $154,900 Active 27 DOM
13. 2026-06-02
    days on market $154,900 Active 26 DOM
14. 2026-06-01
    days on market $154,900 Active 25 DOM
15. 2026-05-31
    days on market $154,900 Active 24 DOM
16. 2026-05-23
    price $154,900
17. 2026-05-07
    listed $164,900 Active
18. 2026-01-15
    status Pending
19. 2026-01-15
    historical
20. 2025-10-13
    price $165,000
21. 2025-09-25
    price $175,000
22. 2025-08-26
    listed $185,000 Active
23. 2022-03-18
    soldstatus $117,000 Sold 150-char remark

    Show marketing remark (150 chars)

    Fabulous opportunity for a rehab or teardown & rebuild! Great location within a short walk of coffee shops, shopping, dining, and downtown Chaska!

24. 2022-03-18
    soldstatus $117,000

    Show marketing remark (150 chars)

    Fabulous opportunity for a rehab or teardown & rebuild! Great location within a short walk of coffee shops, shopping, dining, and downtown Chaska!

25. 2022-03-02
    status Pending 150-char remark

    Show marketing remark (150 chars)

    Fabulous opportunity for a rehab or teardown & rebuild! Great location within a short walk of coffee shops, shopping, dining, and downtown Chaska!

26. 2022-02-25
    listed $119,900 Active 150-char remark

    Show marketing remark (150 chars)

    Fabulous opportunity for a rehab or teardown & rebuild! Great location within a short walk of coffee shops, shopping, dining, and downtown Chaska!

27. 2022-02-23
    historical $119,900 150-char remark

    Show marketing remark (150 chars)

    Fabulous opportunity for a rehab or teardown & rebuild! Great location within a short walk of coffee shops, shopping, dining, and downtown Chaska!

28. 1997-05-30
    soldstatus $63,900
29. 1997-05-09
    historical
30. 1997-03-10
    listed $65,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MN · Partial reset (capped growth)

• Current annual tax: $1,958 · $163/mo
• Projected year-2 tax: $1,958 · $163/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,679
• − Mortgage interest: −$8,285
• − Property taxes: −$1,958
• − Insurance: −$740
• − Repairs & maintenance: −$1,494
• − Management: −$1,494
• − Depreciation: −$4,303
• Taxable income: $406
• Est. tax owed @ 24.0%: −$97
• After-tax cash flow: $2,654/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Eastern Carver County Public School
• NCES district ID: 2708190
• Math proficiency: 52% ▼ -9.00%
• Reading proficiency: 61% ▼ -6.00%
• Median HH income: $87,010
• Composite: 51.68/100
• National rank: #1694
• State rank: #41 of 301 in MN

Livability — Chaska

• Score: 80/100
• State rank: #75
• US rank: #1802

Category grades

Amenities F Commute A+ Cost of living C- Crime A+ Employment A+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chaska, MN
• County: Carver County · 77,775 people
• City population: 30,369
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 30,369
• Household income: $112,243
• Rent vs Own: 30.9% rent · 69.1% own
• Severe rent burden: 454.0

Population outlook (Carver County) Hauer SSP2

• Today (2025): 115,077 people
• By 2030: 122,880 · +6.8%
• By 2040: 137,210 · +19.2%
• By 2050: 148,524 · +29.1%
• By 2075: 174,624 · +51.7%
• By 2100: 185,806 · +61.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 9% Two or more races 8% Asian 4% Black 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 12% Lithuanian 4% Italian 3%
• Foreign-born: 7% · Canada, Vietnam, South Korea
• Languages at home: 89% English-only · Spanish 6% Other Asian/Pacific 1% Vietnamese 1%

Political lean MEDSL · Carver

• 2024 margin: Lean R (+5.4) · D 46.3% · R 51.7% · Other 2.0%
• 2008→2024 swing: +9.7pp toward D · 2008: -15.1pp · 2024: -5.4pp
• All cycles: 2024: R+5.4 2020: R+4.9 2016: R+13.7 2012: R+19.7 2008: R+15.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -167.82%
• Current HPI: 209.4969
• Rent YoY: ▲ 2.98%
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• State GDP YoY: ▲ 2.41%
• F500 in state: 34

Industry mix (Fortune 500 HQ in MN)

Industry	F500 HQs	Revenue
▸Healthcare	2	$407B
▸Retail	2	$150B
▸Consumer Goods	2	$32B
▸Industrial Machinery	2	$6B
▸Agriculture	1	$40B
▸Healthcare / Medical Devices	1	$32B

Price history

+135.1% since first listed

15 events — show timeline

• 2026-05-23 Price Changed $154,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-07 Listed $164,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-15 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-15 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-13 Price Changed $165,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-25 Price Changed $175,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-08-26 Listed $185,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-03-18 Sold (Public Records) $117,000 Public Records
• 2022-03-18 Sold (MLS) $117,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-03-02 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-02-25 Listed $119,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-02-23 Coming Soon $119,900 NORTHSTARMLS as Distributed by MLS Grid
• 1997-05-30 Sold (MLS) $63,900 NORTHSTARMLS as Distributed by MLS Grid
• 1997-05-09 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 1997-03-10 Listed $65,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+1.4%/yr

Latest (2025): $1,958 · +3.4% YoY. Source: county tax records.