7226 72nd Ln N #211 · Brooklyn Park, MN 55428

$69,000

2 bd · 1.0 ba · 892 sqft · Condo public records · 34 Days on market

Built 1976 $77/sqft · 10% below area Est $69k · at est. $561/mo HOA · 41% of rent

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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 +14.7/30.0
• 1% rule +10.0/10.0
• ARV discount +7.4/15.0
• DSCR +4.5/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Turnkey investment opportunity with stable income. Well-maintained 2-bedroom condo with a long-term tenant of 10+ years currently paying $1,125/month under a fixed lease, which will transfer to the new owner at closing.

Key facts

• $561 HOA
• Garage
• Built 1976

Property features AI

Finance

• Other: Lot size about 9.821 acres (lot dimensions 0.1)
• HOA & community: Community Partners association; Monthly association fee of $561; HOA covers gas, hazard insurance, heating, lawn care, grounds maintenance, parking, professional management, recreation facility, sewer, shared amenities, snow removal and water

Exterior

• Parking: 1 garage space
• Utilities: City water (in street); City sewer (in street); Natural gas
• Home design: Residential attached property; Two levels; Facing/entry level not specified
• Construction: 800 above-grade finished area; 800 living area; 800 building area total; Foundation area 800
• Exterior features: Stone exterior

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Wall unit cooling
• Interior features: Accessible for hearing impairment; Brick/mortar foundation details; No basement; One fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $69k.

Deal economics

• At list price, monthly cash flow is $17 ($209/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $67k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 3.3% in Brooklyn Park — 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 81/100 on livability (#50 in MN, #1,308 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: crime C-, schools D, amenities F.
• Osseo Public School District (suburban): math 42% / reading 51% proficiency, ranked #129 of 301 in MN (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.5%/yr); 109 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 4,651 units permitted in Hennepin County in 2024 (2,443 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Hennepin County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 34y 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 $31k; list at $69k implies a 123% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 41% of rent.

Recommended offer $66,930 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.96% ✓
• Cap rate: 6.60%
• Cash-on-cash: 1.08%
• DSCR: 1.05
• GRM: 4.2

CMA / ARV

• ARV (median comp): $68,827
• List price: $69,000
• Delta: 0.25%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.52% rent growth · sell at horizon

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-10,348
• Equity at exit: $10,288

10-year hold

• IRR: -7.2%
• Equity multiple: 0.55×
• Total profit: $-8,707
• Equity at exit: $5,966

Cash invested: $19,320 (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 55428

• Rents YoY: 2.5%
• Active inventory: 109
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,355 high
• Mortgage (P&I): −$362
• Tax from tax record: −$101 /mo · $1,215/yr
• Insurance: −$29
• HOA: −$561
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $17

Break-even live

Break-even rent $1,333

Max offer price $69,000

Occupancy floor 94%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7242 72nd Ln N Minneapolis, MN	2.0	1.0	900	$1,400	$1.56	12d	1	0.03mi
7282 72nd Ln N #343 Minneapolis, MN	1.0	1.0	608	$1,255	$2.06	5d	1	0.05mi
7254 72nd Ln N #354 Minneapolis, MN	1.0	1.0	702	$1,250	$1.78	24d	1	0.05mi
7468 72nd Ln N #301 Minneapolis, MN	1.0	1.0	608	$1,350	$2.22	5d	1	0.17mi
7531 Jersey Ave N Minneapolis, MN	1.0–2.0	1.0	880	$1,415	$1.61	2d	10	0.43mi
7617 69th Ave N Minneapolis, MN	2.0	1.0	900	$1,300	$1.44	24d	1	0.51mi
5840 73rd Ave N Minneapolis, MN	1.0–2.0	1.0	1031	$1,650	$1.60	14d	1	0.83mi
5805 73rd Ave N Brooklyn Park, MN	1.0	1.0	685	$1,233	$1.80	5d	2	0.91mi
6200 78th Ave N Minneapolis, MN	1.0	1.0	750	$1,092	$1.46	1d	3	1.01mi
6232 65th Ave N Brooklyn Park, MN	1.0	1.0	750	$1,062	$1.42	43d	3	1.06mi
5625 69th Ave N Minneapolis, MN	1.0–2.0	1.0	750	$1,435	$1.91	24d	11	1.09mi
6802 63rd Ave N Brooklyn Park, MN	1.0–2.0	1.0	827	$1,550	$1.87	20d	1	1.09mi
5521 Brookdale Dr N Brooklyn Park, MN	1.0–2.0	1.0	855	$1,525	$1.78	1d	10	1.13mi
7870 Zane Ave N Minneapolis, MN	1.0–2.0	1.0	760	$1,375	$1.81	1d	12	1.14mi
6810 63rd Ave N Brooklyn Park, MN	2.0	1.0	890	$1,550	$1.74	43d	1	1.17mi
6289 Louisiana Ave N Minneapolis, MN	2.0	1.0	900	$1,233	$1.37	3d	3	1.18mi
7449 Imperial Dr N Minneapolis, MN	3.0	1.0	775	$1,376	$1.78	43d	1	1.19mi
7449 Imperial Dr N Minneapolis, MN	1.0	1.0	700	$1,159	$1.66	10d	3	1.20mi
6390 Douglas Dr N Brooklyn Park, MN	1.0–2.0	1.0	850	$1,409	$1.66	12d	3	1.21mi
6455 Zane Ave N Minneapolis, MN	1.0–3.0	1.0	952	$1,400	$1.47	4d	12	1.24mi
8104 Zane Ave N Minneapolis, MN	1.0–2.0	1.0	900	$1,395	$1.55	17d	3	1.32mi
8217 Zane Ct N Unit 8221 Minneapolis, MN	2.0	1.0	1000	$1,575	$1.57	3d	1	1.49mi

HOA detail condo

• Monthly dues: $561 · $6,732/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-06-18
   days on market $69,000 Active 34 DOM
2. 2026-06-17
   days on market $69,000 Active 33 DOM
3. 2026-06-16
   days on market $69,000 Active 32 DOM
4. 2026-06-15
   days on market $69,000 Active 31 DOM
5. 2026-06-13
   days on market $69,000 Active 29 DOM
6. 2026-06-09
   days on market $69,000 Active 25 DOM
7. 2026-06-08
   days on market $69,000 Active 24 DOM
8. 2026-06-07
   days on market $69,000 Active 23 DOM
9. 2026-06-04
   days on market $69,000 Active 20 DOM
10. 2026-06-03
    days on market $69,000 Active 19 DOM
11. 2026-06-02
    days on market $69,000 Active 18 DOM
12. 2026-06-01
    days on market $69,000 Active 17 DOM
13. 2026-05-31
    days on market $69,000 Active 16 DOM
14. 2026-05-14
    listed $69,000 Active 219-char remark
15. 2005-01-22
    historical
16. 2004-10-13
    listed $98,900
17. 1992-12-14
    soldstatus $31,000
18. 1992-09-15
    soldstatus $34,000
19. 1992-09-02
    listed $34,900
20. 1990-04-27
    soldstatus $32,500

ⓘ 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: $1,215 · $101/mo
• Projected year-2 tax: $1,215 · $101/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°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: $16,257
• − Mortgage interest: −$3,865
• − Property taxes: −$1,215
• − Insurance: −$345
• − Repairs & maintenance: −$1,301
• − Management: −$1,301
• − HOA: −$6,732
• − Depreciation: −$2,007
• Taxable loss: −$508
• Est. tax savings @ 24.0%: +$122
• After-tax cash flow: $331/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: Osseo Public School District
• NCES district ID: 2725200
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 51% ▼ -4.00%
• Median HH income: $76,168
• Composite: 42.35/100
• National rank: #3250
• State rank: #129 of 301 in MN

Livability — Brooklyn Park

• Score: 81/100
• State rank: #50
• US rank: #1308

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brooklyn Park, MN
• County: Hennepin County · 1,150,272 people
• City population: 33,660
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 32,499
• Household income: $74,860
• Rent vs Own: 43.8% rent · 56.2% own
• Severe rent burden: 1939.0

Population outlook (Hennepin County) Hauer SSP2

• Today (2025): 1,405,227 people
• By 2030: 1,492,650 · +6.2%
• By 2040: 1,660,157 · +18.1%
• By 2050: 1,823,498 · +29.8%
• By 2075: 2,221,283 · +58.1%
• By 2100: 2,509,976 · +78.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 49% Black 30% Hispanic / Latino 8% Asian 7% Two or more races 7%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Swiss 8% Portuguese 6% Romanian 2%
• Foreign-born: 20% · Canada
• Languages at home: 80% English-only · Spanish 6% Other Asian/Pacific 5% French/Haitian/Cajun 1%

Political lean MEDSL · Hennepin

• 2024 margin: Solid D (+42.6) · D 70.2% · R 27.5% · Other 2.3%
• 2008→2024 swing: +14.0pp toward D · 2008: 28.6pp · 2024: 42.6pp
• All cycles: 2024: D+42.6 2020: D+43.2 2016: D+35.3 2012: D+27.1 2008: D+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -276.37%
• Current HPI: 239.4693
• Rent YoY: ▲ 2.52%
• 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

+112.3% since first listed

7 events — show timeline

• 2026-05-14 Listed $69,000 NORTHSTARMLS as Distributed by MLS Grid
• 2005-01-22 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2004-10-13 Listed $98,900 NORTHSTARMLS as Distributed by MLS Grid
• 1992-12-14 Sold (Public Records) $31,000 Public Records
• 1992-09-15 Sold (MLS) $34,000 NORTHSTARMLS as Distributed by MLS Grid
• 1992-09-02 Listed $34,900 NORTHSTARMLS as Distributed by MLS Grid
• 1990-04-27 Sold (Public Records) $32,500 Public Records

Property tax history

+7.2%/yr

Latest (2025): $1,215 · +8.3% YoY. Source: county tax records.