126 2nd St SW · Chisholm, MN 55719

$154,900

5 bd · 2.0 ba · 1,959 sqft · Other public records · 140 Days on market

Built 1920 5,967 sqft lot

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Why this score? — see what drove the D 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 +15.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• 1% rule +4.2/10.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

Key facts

• Covered front porch
• Ensuite bedroom
• Spacious kitchen

Tags

• COVERED FRONT PORCH
• EXPANSIVE LIVING ROOM
• BRIGHT AND AIRY SUNROOM
• HARDWOOD FLOORS
• SPACIOUS KITCHEN
• ENSUITE BEDROOM

Property features AI

Exterior

• Parking: Detached or attached garage with 3 spaces; Garage dimensions approximately 24 x 32
• Utilities: City water connected; City sewer connected; Natural gas; 200+ amp electrical service with circuit breakers; Electric service by Minnesota Power
• Home design: Residential property; More than 2 stories; Main floor primary bedroom; Walk-up attic
• Construction: Brick construction; Stone foundation; Roof age 8 years or less; Built with approximately 1,008 foundation area
• Exterior features: Covered porch; Stone exterior accents; Partial privacy fencing; City street frontage (publicly maintained road); Balcony

Interior

• Kitchen: Cooktop; Range; Dishwasher; Refrigerator
• Bedrooms: 5 bedrooms total; Upper-level bedrooms (multiple); Main-level bedroom (primary)
• Flooring: Hardwood floors
• Bathrooms: Main floor 3/4 bath; Upper level full bath with walk-in shower stall
• Heating & cooling: Forced air heating; No central air
• Interior features: Ceiling fan(s); French doors; Hardwood floors; Kitchen window; Main floor primary bedroom; Porch; Washer/Dryer hookup; Walk-in closet; Walk-up attic
• Laundry & utility: Washer/Dryer hookup

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath other listed at $155k.

Deal economics

• At list price, monthly cash flow is $68 ($810/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (7.8% below list).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#224 in MN, #4,803 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Chisholm Public School District (town): math 37% / reading 46% proficiency, ranked #219 of 301 in MN (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Vaughan Elementary (math 54% / reading 44%, grade D, #423 of 857 statewide, top 55%, 214 students, 60% FRL); Chisholm Elementary (math 42% / reading 47%, grade D, #118 of 258 statewide, top 48%, 136 students, 58% FRL); Chisholm Secondary (math 27% / reading 42%, grade F, #306 of 471 statewide, top 70%, 334 students, 43% FRL) — zoned schools average 54% FRL vs 36% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 36 active listings in the ZIP; 639 units permitted in St. Louis County in 2024 (338 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 140 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $750; list at $155k implies a 20553% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 140 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.92% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.87%
• DSCR: 1.08
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -13.3%
• Equity multiple: 0.52×
• Total profit: $-20,784
• Equity at exit: $23,096

10-year hold

• IRR: -4.4%
• Equity multiple: 0.71×
• Total profit: $-12,498
• Equity at exit: $13,393

Cash invested: $43,372 (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 55719

• Home prices YoY: -18.1%
• Active inventory: 36
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,429 medium
• Mortgage (P&I): −$812
• Tax from tax record: −$184 /mo · $2,210/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $68

Break-even live

Break-even rent $1,343

Max offer price $154,900

Occupancy floor 90%

Sensitivity live

Price	-10% $155	-5% $111	+0% $68	+5% $24	+10% $-20
Rent	-10% $-45	-5% $11	+0% $68	+5% $124	+10% $180
Rate	-1.0pp $146	-0.5pp $107	base $68	+0.5pp $27	+1.0pp $-13

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-04-29
   historical Contingent - Subject to Financing
2. 2026-04-20
   price $154,900 954-char remark

   Show marketing remark (954 chars)

   Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

3. 2026-04-20
   price $154,900

   Show marketing remark (954 chars)

   Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

4. 2026-02-20
   status Active
5. 2026-02-13
   historical Contingent - Inspection
6. 2026-02-05
   price $159,000 954-char remark

   Show marketing remark (954 chars)

   Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

7. 2026-02-05
   price $159,000

   Show marketing remark (954 chars)

   Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

8. 2026-01-06
   listed $162,500 Active
9. 2026-01-06
   historical
10. 2025-12-17
    price $162,500 954-char remark

    Show marketing remark (954 chars)

    Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

11. 2025-12-17
    price $162,500

    Show marketing remark (954 chars)

    Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

12. 2025-12-02
    price $179,000 954-char remark

    Show marketing remark (954 chars)

    Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

13. 2025-12-02
    price $179,000

    Show marketing remark (954 chars)

    Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

14. 2025-10-09
    listed $189,000 Active 954-char remark

    Show marketing remark (954 chars)

    Traditional- style family home in Chisholm! Quality built 2+ story/ 5 bed/2 bath brick home. Upon arrival you will be greeted by the charm of the covered front porch which enters into the main level. Main floor features include; Spacious living room, large sunroom, hardwood floors, large kitchen with eat- in dining & ensuite bedroom with walk-in shower! On the second floor, you’ll find 4 more bedrooms & another bathroom; equipped with a deep soaking tub. There’s a possibility of adding an ensuite or kitchenette as one of the bedrooms has existing plumbing. This property also has a bonus 3rd level!; that could easily be finished or used as storage, 3 stall detached garage; insulated with new electric service, a nice partially fenced yard & lots of recent "big ticket" updates on this property! Tons of potential to build equity or move in & make it your own! Compliant sewer lateral! Call for a tour

15. 2025-10-08
    price $189,000
16. 2025-09-29
    listed $199,900 Active
17. 2016-11-01
    soldstatus $750
18. 2016-09-16
    listed $99,900
19. 2013-02-05
    listed $99,900
20. 2006-03-10
    soldstatus $98,900

ⓘ 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: $2,210 · $184/mo
• Projected year-2 tax: $2,210 · $184/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 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 1/10 Low 7 d/yr ≥90°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,142
• − Mortgage interest: −$8,677
• − Property taxes: −$2,210
• − Insurance: −$774
• − Repairs & maintenance: −$1,371
• − Management: −$1,371
• − Depreciation: −$4,506
• Taxable loss: −$1,768
• Est. tax savings @ 24.0%: +$424
• After-tax cash flow: $1,235/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: Chisholm Public School District
• NCES district ID: 2708910
• Math proficiency: 37% ▼ -8.00%
• Reading proficiency: 46% ▼ -14.00%
• Median HH income: $40,419
• Composite: 34.79/100
• National rank: #5114
• State rank: #219 of 301 in MN

Livability — Chisholm

• Score: 74/100
• State rank: #224
• US rank: #4803

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chisholm, MN
• Population (ZIP): 5,642

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 202,411 people
• By 2030: 203,234 · +0.4%
• By 2040: 202,520 · +0.1%
• By 2050: 200,853 · -0.8%
• By 2075: 200,943 · -0.7%
• By 2100: 192,058 · -5.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Portuguese 9% Romanian 5% Iranian 1%
• Foreign-born: 0% · South Korea

Political lean MEDSL · St. Louis

• 2024 margin: D (+13.7) · D 55.9% · R 42.2% · Other 1.8%
• 2008→2024 swing: -18.8pp toward R · 2008: 32.5pp · 2024: 13.7pp
• All cycles: 2024: D+13.7 2020: D+15.6 2016: D+11.8 2012: D+29.6 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.24%
• Current HPI: 222.3957
• Rent YoY: —
• Metro: —
• 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

+56.6% since first listed

20 events — show timeline

• 2026-04-29 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-20 Price Changed $154,900 RAOR
• 2026-04-20 Price Changed $154,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-20 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-13 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-05 Price Changed $159,000 RAOR
• 2026-02-05 Price Changed $159,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-06 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-06 Listed $162,500 NORTHSTARMLS as Distributed by MLS Grid
• 2025-12-17 Price Changed $162,500 RAOR
• 2025-12-17 Price Changed $162,500 NORTHSTARMLS as Distributed by MLS Grid
• 2025-12-02 Price Changed $179,000 RAOR
• 2025-12-02 Price Changed $179,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-09 Listed $189,000 RAOR
• 2025-10-08 Price Changed $189,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-29 Listed $199,900 NORTHSTARMLS as Distributed by MLS Grid
• 2016-11-01 Sold (MLS) $750 LSAR
• 2016-09-16 Listed $99,900 LSAR
• 2013-02-05 Listed $99,900 NORTHSTARMLS as Distributed by MLS Grid
• 2006-03-10 Sold (Public Records) $98,900 Public Records

Property tax history

+13.4%/yr

Latest (2025): $2,210 · +2.8% YoY. Source: county tax records.