Building Details

Year Built 1948

Listing Agency: Century 21 Moline Realty Inc

Listed By: Michelle Nicollette Hosch Show Phone

Source: Tayloronken

Added: Oct 5 Changed: Oct 6 Last Checked: Oct 7 at 1:32PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Moline Realty Inc

Investment Insights

Based on property information with market context.

This 1,823-square-foot duplex in Rush City pairs a 1.5-story main residence with an attached apartment. The main home has two bedrooms and one bathroom, with a layout that allows for main-floor living. Built in 1948, the residence received a breezeway addition in 1954 and an apartment addition in 1982. Recent work includes 13 replacement windows and fresh interior paint; the apartment is occupied by a tenant.

The property is in Rush City, within walking distance of downtown, the city water park, Rush City Bakery, and local schools and sporting events. Freeway access serves travel to work and nearby communities.

Key Highlights

• 1,823‑square‑foot duplex with an attached apartment
• Main residence has 2 bedrooms and 1 bathroom
• Main home built in 1948; breezeway added in 1954 and apartment in 1982

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,635

Cap Rate

7.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$532,700 $532.7K

Cap Rate 7%

$380,500 $380.5K

Cap Rate 9%

$295,944 $295.9K

Market Conditions

NOI Build-Up for 1,823 SF

Gross rent

$40.5K $22.20/SF

− Vacancy

−$2.4K −$1.33/SF

EGI

$38.1K $20.87/SF

− OpEx

−$11.4K −$6.26/SF

NOI

$26.6K $14.61/SF

Area

Chisago County, MN

Vacancy

5.98%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$532,700

Cap Rate 7%

$380,500

Cap Rate 9%

$295,944

Alternative Uses

Best Use

Multifamily LT 5

$380.5K

$332.9K – $443.9K (±1% cap)

NOI $26,635 @ 7.0% cap · market cap 7.84%

Second Best

Apartment 5plus

$349.5K

$305.8K – $407.7K (±1% cap)

NOI $24,464 @ 7.0% cap · market cap 7.20%

Theoretical Best

Office A

$434.9K

$380.6K – $507.4K (±1% cap)

NOI $30,445 @ 7.0% cap · market cap 8.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Hair Salon Electrical Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

174

Businesses Nearby

Explore this area Business Placement

Demographics for 55069, MN

5,630

Population

2,266

Households

2.5

Avg Household Size

39

Median Age

13%

College-Educated

94%

High-School Grad

74.0 sq mi

ZIP Area

76

Density / Sq Mi

$75,139

Median Household Income

$43,013

Median Earnings

$893

Median Rent

$279,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - The 1.5-story main residence includes two bedrooms and one bathroom, alongside a tenant-occupied apartment.

Where is this duplex located?

The property is located at 495 W 1st St Rush City, MN.

What is the asking price?

The asking price for this property is $339,900.

What are key features of this property?

This property features: 1,823‑square‑foot duplex with an attached apartment; Main residence has 2 bedrooms and 1 bathroom; Main home built in 1948; breezeway added in 1954 and apartment in 1982