507 7th St S · Virginia, MN 55792

$137,900

3 bd · 2.0 ba · 1,515 sqft · SingleFamily public records · 22 Days on market

Built 1906 5,967 sqft lot Est $126k · 10% over

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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 +24.3/30.0
• DSCR +7.9/10.0
• 1% rule +5.3/10.0
• Schools +5.0/10.0
• ARV discount +3.2/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Full of character and charm, this classic 3 story home in Virginia offers space, warmth, and timeless appeal! The main level features a large kitchen, formal dining room, and spacious living room highlighted by a beautiful field stone gas fireplace that creates the perfect cozy gathering space. The second floor offers 3 bedrooms and a full bath, while the third level provides 2 additional bedrooms with plenty of flexibility for guests, office space, or hobbies. The basement includes a comfortable rec area along with a nice 3/4 bath for added convenience. Step outside the sliding glass doors and enjoy the relaxing back deck overlooking the quaint backyard, or unwind on the charming covered front porch. A detached 2 stall garage in the back completes the property. This super great home is full of potential and waiting for its next owner!

Key facts

• Formal dining room
• Comfortable rec area
• Large kitchen

Tags

• LARGE KITCHEN
• FORMAL DINING ROOM
• SPACIOUS LIVING ROOM
• FIELD STONE GAS FIREPLACE
• COMFORTABLE REC AREA
• RELAXING BACK DECK

Property features AI

Exterior

• Parking: Detached 2-car garage (approximately 20 x 22)
• Utilities: City water; City sewer; Natural gas service; Electric service by Virginia Public Utilities
• Home design: Residential property; One-and-a-half level home; Main-level entry
• Construction: Asphalt roof; Foundation present (other type); Foundation dimensions approximately 24 x 28
• Exterior features: Wood exterior; Lot approximately 0.137 acres (about 120 x 50)

Interior

• Kitchen: Kitchen on main level; Dishwasher; Range; Refrigerator
• Bedrooms: 3 bedrooms (mostly on the upper level); Bedroom 2 (upper); Bedroom 3 (upper); Bedroom 4 (upper); Bedroom 5 (upper)
• Bathrooms: 2 full bathrooms (one on upper level, one in full basement)
• Heating & cooling: Baseboard heating; Hot water heating; Radiant heating; No central air
• Interior features: Full basement; One fireplace; Dishwasher; Range; Refrigerator; Washer; Dryer; Gas water heater
• Laundry & utility: Washer and dryer included; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $138k.

Deal economics

• At list price, monthly cash flow is $279 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $138k).
• Recommended offer: $136k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#664 in MN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, crime D, health & safety D.
• Market conditions: 64 active listings in the ZIP; 639 units permitted in St. Louis County in 2024 (338 in 5+ unit buildings).
• This rent runs 32% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $953 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1906 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $135,831 (1.5% below list)

Questions for the listing agent

1. Built in 1906 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. 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.
5. 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.
6. 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: 1.03% ✓
• Cap rate: 8.72%
• Cash-on-cash: 8.67%
• DSCR: 1.39
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $125,745
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
804 S 6th Ave	0.04mi	4/1.0 (+1)	1,512 (-0%)	4mo	$124,900	$83	86
528 10th St S	0.23mi	3/1.5	1,480 (-2%)	1mo	$50,000	$34	82
411 S 8th St	0.12mi	3/2.0	1,628 (+8%)	3mo	$210,000	$129	79
509 5th St. South St	0.12mi	4/2.0 (+1)	1,648 (+9%)	3mo	$150,000	$91	72
801 S 8th St	0.24mi	3/2.0	1,626 (+7%)	6mo	$180,000	$111	72
518 S 12th St	0.35mi	2/1.5 (-1)	1,532 (+1%)	6mo	$108,000	$70	70
311 S 9th St	0.24mi	3/2.0	1,296 (-14%)	2mo	$103,000	$79	63
701 3rd St	0.28mi	4/2.0 (+1)	1,644 (+8%)	9mo	$102,000	$62	60
1218 10th ST St S	0.65mi	3/3.0	1,456 (-4%)	6mo	$144,000	$99	54
322 6th St. St S	0.18mi	2/1.2 (-1)	1,298 (-14%)	9mo	$100,425	$77	52
1101 13th St S	0.62mi	3/2.0	1,351 (-11%)	2mo	$185,500	$137	52
1220 S 12th St	0.68mi	3/2.0	1,710 (+13%)	4mo	$128,938	$75	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-4,633
• Equity at exit: $20,561

10-year hold

• IRR: 6.5%
• Equity multiple: 1.48×
• Total profit: $18,645
• Equity at exit: $11,923

Cash invested: $38,612 (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 55792

• Home prices YoY: -26.5%
• Active inventory: 64
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,419 medium
• Mortgage (P&I): −$723
• Tax from tax record: −$62 /mo · $742/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $279

Break-even live

Break-even rent $1,066

Max offer price $137,900

Occupancy floor 75%

Sensitivity live

Price	-10% $357	-5% $318	+0% $279	+5% $240	+10% $201
Rent	-10% $167	-5% $223	+0% $279	+5% $335	+10% $391
Rate	-1.0pp $348	-0.5pp $314	base $279	+0.5pp $243	+1.0pp $207

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: $34,475
• Closing costs: $4,137
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-19
   days on market $137,900 Active 22 DOM
2. 2026-06-18
   days on market $137,900 Active 21 DOM
3. 2026-06-17
   days on market $137,900 Active 20 DOM
4. 2026-06-16
   days on market $137,900 Active 19 DOM
5. 2026-06-15
   days on market $137,900 Active 18 DOM
6. 2026-06-14
   days on market $137,900 Active 16 DOM
7. 2026-06-13
   days on market $137,900 Active 15 DOM
8. 2026-06-10
   days on market $137,900 Active 13 DOM
9. 2026-06-09
   days on market $137,900 Active 12 DOM
10. 2026-06-08
    days on market $137,900 Active 11 DOM
11. 2026-06-07
    days on market $137,900 Active 10 DOM
12. 2026-06-05
    days on market $137,900 Active 7 DOM
13. 2026-06-03
    days on market $137,900 Active 6 DOM
14. 2026-06-02
    days on market $137,900 Active 5 DOM
15. 2026-06-01
    days on market $137,900 Active 4 DOM
16. 2026-05-31
    days on market $137,900 Active 3 DOM
17. 2026-05-30
    days on market $137,900 Active 2 DOM
18. 2026-05-28
    price $137,900

    Show marketing remark (847 chars)

    Full of character and charm, this classic 3 story home in Virginia offers space, warmth, and timeless appeal! The main level features a large kitchen, formal dining room, and spacious living room highlighted by a beautiful field stone gas fireplace that creates the perfect cozy gathering space. The second floor offers 3 bedrooms and a full bath, while the third level provides 2 additional bedrooms with plenty of flexibility for guests, office space, or hobbies. The basement includes a comfortable rec area along with a nice 3/4 bath for added convenience. Step outside the sliding glass doors and enjoy the relaxing back deck overlooking the quaint backyard, or unwind on the charming covered front porch. A detached 2 stall garage in the back completes the property. This super great home is full of potential and waiting for its next owner!

19. 2026-05-28
    listed $134,900 Active

    Show marketing remark (847 chars)

    Full of character and charm, this classic 3 story home in Virginia offers space, warmth, and timeless appeal! The main level features a large kitchen, formal dining room, and spacious living room highlighted by a beautiful field stone gas fireplace that creates the perfect cozy gathering space. The second floor offers 3 bedrooms and a full bath, while the third level provides 2 additional bedrooms with plenty of flexibility for guests, office space, or hobbies. The basement includes a comfortable rec area along with a nice 3/4 bath for added convenience. Step outside the sliding glass doors and enjoy the relaxing back deck overlooking the quaint backyard, or unwind on the charming covered front porch. A detached 2 stall garage in the back completes the property. This super great home is full of potential and waiting for its next owner!

20. 2026-05-28
    listed $137,900 Active 847-char remark

    Show marketing remark (847 chars)

    Full of character and charm, this classic 3 story home in Virginia offers space, warmth, and timeless appeal! The main level features a large kitchen, formal dining room, and spacious living room highlighted by a beautiful field stone gas fireplace that creates the perfect cozy gathering space. The second floor offers 3 bedrooms and a full bath, while the third level provides 2 additional bedrooms with plenty of flexibility for guests, office space, or hobbies. The basement includes a comfortable rec area along with a nice 3/4 bath for added convenience. Step outside the sliding glass doors and enjoy the relaxing back deck overlooking the quaint backyard, or unwind on the charming covered front porch. A detached 2 stall garage in the back completes the property. This super great home is full of potential and waiting for its next owner!

21. 2026-05-28
    listed $137,900 Active 847-char remark

    Show marketing remark (847 chars)

    Full of character and charm, this classic 3 story home in Virginia offers space, warmth, and timeless appeal! The main level features a large kitchen, formal dining room, and spacious living room highlighted by a beautiful field stone gas fireplace that creates the perfect cozy gathering space. The second floor offers 3 bedrooms and a full bath, while the third level provides 2 additional bedrooms with plenty of flexibility for guests, office space, or hobbies. The basement includes a comfortable rec area along with a nice 3/4 bath for added convenience. Step outside the sliding glass doors and enjoy the relaxing back deck overlooking the quaint backyard, or unwind on the charming covered front porch. A detached 2 stall garage in the back completes the property. This super great home is full of potential and waiting for its next owner!

22. 2025-03-17
    soldstatus $134,021
23. 2025-03-07
    soldstatus $134,020 Closed
24. 2025-03-07
    soldstatus $134,020 Sold
25. 2025-03-07
    soldstatus $134,020
26. 2025-02-13
    status Pending
27. 2025-02-13
    status Pending
28. 2025-02-03
    historical Contingent - Inspection
29. 2025-01-13
    listed $125,000 Active
30. 2025-01-13
    listed $125,000 Active
31. 2025-01-13
    listed $125,000

ⓘ 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: $742 · $62/mo
• Projected year-2 tax: $1,143 · $95/mo
• Expected delta: +$401/yr (+$33/mo · 54.1%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥91°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,032
• − Mortgage interest: −$7,725
• − Property taxes: −$742
• − Insurance: −$690
• − Repairs & maintenance: −$1,363
• − Management: −$1,363
• − Depreciation: −$4,012
• Taxable income: $1,139
• Est. tax owed @ 24.0%: −$273
• After-tax cash flow: $3,073/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)

No district data.

Livability — Virginia

• Score: 63/100
• State rank: #664
• US rank: #15991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Virginia, MN
• County: Saint Louis County · 115,152 people
• City population: 9,663
• Metro: Duluth, MN-WI
• Population (ZIP): 9,663
• Household income: $53,750
• Rent vs Own: 37.5% rent · 62.5% own
• Severe rent burden: 286.0

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 (90%)
• Race & ethnicity: White 90% Two or more races 4% Native American 3% Asian 1%
• Common ancestry: Portuguese 12% Romanian 4% Lithuanian 2%
• Foreign-born: 2% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 1% Other Asian/Pacific 1%

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: ▼ -72.05%
• Current HPI: 199.7165
• Rent YoY: —
• Metro: Duluth, 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

+10.3% since first listed

14 events — show timeline

• 2026-05-28 Price Changed $137,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-28 Listed $137,900 LSAR
• 2026-05-28 Listed $137,900 RAOR
• 2026-05-28 Listed $134,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-03-17 Sold (Public Records) $134,021 Public Records
• 2025-03-07 Sold (MLS) $134,020 LSAR
• 2025-03-07 Sold (MLS) $134,020 NORTHSTARMLS as Distributed by MLS Grid
• 2025-03-07 Sold (MLS) $134,020 RAOR
• 2025-02-13 Pending — RAOR
• 2025-02-13 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2025-02-03 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2025-01-13 Listed $125,000 RAOR
• 2025-01-13 Listed $125,000 LSAR
• 2025-01-13 Listed $125,000 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+6.3%/yr

Latest (2025): $742 · -23.8% YoY. Source: county tax records.