7350 York Ave S #203 · Edina, MN 55435

$99,777

1 bd · 1.0 ba · 715 sqft · Condo · 272 Days on market

Built 1972 Good condition $140/sqft · 29% below area Est $141k · 29% under $499/mo HOA · 34% of rent ↓ 15% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +11.1/30.0
• 1% rule +9.6/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• DSCR +3.2/10.0
• Schools +2.9/10.0
• Rent growth +2.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this amazing condo-Has all the basics with so much charm! Upper unit with no one above you or on one side-Prime Edina location- Stainless steel appliances refrigerator, gas stove, microwave & dishwasher, open and bright unit. There's a pantry off the entry that can be an office if needed. Located in the back of the community w/minimal traffic. Convenient one car garage with garage door opener. Common outdoor pool with lounge chairs 9' in the deep end, multiple cooking areas in the courtyard with gas grills, and the party room with Kitchen, bath, books, pool and large social area. Laundry on the main floor of the building has 4 washers/4 dryers and has the ability to pay with a card. Cheaper than rent- come check it out!

Key facts

• Common outdoor pool
• Party room
• Upper unit

Tags

• UPPER UNIT
• PRIME EDINA LOCATION
• STAINLESS STEEL APPLIANCES
• COMMON OUTDOOR POOL
• MULTIPLE COOKING AREAS
• PARTY ROOM

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $100k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-39 ($-471/yr) — negative.
• To cash-flow at today's rent, offer at most $94k (5.7% below list).
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.8% vs local median 1.8% in Edina — 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 (#82 in MN, #1,926 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, commute A+; Watch: amenities F, cost of living F.
• Richfield Public School District (suburban): math 27% / reading 38% proficiency, ranked #262 of 301 in MN (top 87%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 67 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $690 of loan paydown is wiped out by about $3k 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 272 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 34% of rent.

Recommended offer $87,803 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 272 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 1.46% ✓
• Cap rate: 5.82%
• Cash-on-cash: -1.69%
• DSCR: 0.92
• GRM: 5.7

CMA / ARV

• ARV (median comp): $141,421
• List price: $99,777
• Delta: -29.45%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.42% rent growth · sell at horizon

5-year hold

• IRR: -23.9%
• Equity multiple: 0.21×
• Total profit: $-22,023
• Equity at exit: $14,877

10-year hold

• IRR: -41.2%
• Equity multiple: -0.27×
• Total profit: $-35,411
• Equity at exit: $8,627

Cash invested: $27,938 (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 55435

• Rents YoY: 0.4%
• Active inventory: 67
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,455 high
• Mortgage (P&I): −$523
• Tax est. 1.5%: −$125 /mo · $1,497/yr
• Insurance: −$42
• HOA: −$499
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $-39

Break-even live

Break-even rent $1,504

Max offer price $94,093

Occupancy floor 98%

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: $24,944
• Closing costs: $2,993
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7330 York Ave S #101 Minneapolis, MN	1.0	1.0	700	$1,295	$1.85	43d	1	0.07mi
7330 York Ave S #101 Minneapolis, MN	1.0	1.0	700	$1,295	$1.85	24d	1	0.07mi
7230 York Ave S Minneapolis, MN	1.0–2.0	1.0–2.0	985	$1,400	$1.42	4d	10	0.19mi
7201 York Ave S Minneapolis, MN	1.0–3.0	1.0–3.0	1135	$1,640	$1.44	1d	16	0.27mi
7161 France Ave S Minneapolis, MN	2.0	1.0–2.0	782	$2,072	$2.65	2d	7	0.31mi
7151 York Ave S Minneapolis, MN	1.0	1.0	515	$1,345	$2.61	43d	1	0.33mi
3650 Hazelton Rd Minneapolis, MN	2.0	1.0–2.5	1194	$4,639	$3.88	1d	16	0.39mi
7340 Gallagher Dr Minneapolis, MN	2.0	1.0–2.0	719	$1,688	$2.35	2d	12	0.46mi
3400 Edinborough Way Unit 715 Bloomington, MN	1.0	1.0	468	$1,350	$2.88	4d	1	0.48mi
3400 Edinborough Way Unit 616 Bloomington, MN	1.0	1.0	468	$1,290	$2.76	4d	1	0.48mi
3400 Edinborough Way Unit 618 Bloomington, MN	1.0	1.0	468	$1,250	$2.67	4d	1	0.48mi
3400 Edinborough Way Unit 701 Bloomington, MN	1.0	1.0	620	$1,570	$2.53	24d	1	0.48mi
3400 Edinborough Way Unit 621 Bloomington, MN	1.0	1.0	468	$1,330	$2.84	4d	1	0.48mi
3400 Edinborough Way Unit 605 Bloomington, MN	1.0	1.0	486	$1,430	$2.94	17d	1	0.48mi
3400 Edinborough Way Unit 712 Bloomington, MN	—	1.0	440	$1,060	$2.41	3d	1	0.48mi
3400 Edinborough Way Unit 609 Bloomington, MN	1.0	1.0	531	$1,425	$2.68	17d	1	0.48mi
3400 Edinborough Way Unit 612 Bloomington, MN	—	1.0	440	$1,040	$2.36	4d	1	0.48mi
3400 Edinborough Way Unit 709 Bloomington, MN	1.0	1.0	531	$1,445	$2.72	43d	1	0.48mi
3400 Edinborough Way Unit 620 Bloomington, MN	1.0	1.0	468	$1,320	$2.82	4d	1	0.48mi
3400 Edinborough Way Unit 711 Bloomington, MN	1.0	1.0	531	$1,465	$2.76	43d	1	0.48mi
3400 Edinborough Way Unit 601 Bloomington, MN	1.0	1.0	620	$1,580	$2.55	17d	1	0.48mi
4141 Parklawn Ave Minneapolis, MN	1.0–2.0	1.0	820	$1,299	$1.58	4d	8	0.51mi
4200 Parklawn Ave Unit 4205 Minneapolis, MN	1.0	1.0	750	$1,235	$1.65	43d	1	0.56mi
4200 Parklawn Ave Unit 4207 Minneapolis, MN	1.0	1.0	750	$1,185	$1.58	43d	1	0.56mi
4251 Parklawn Ave Unit 106 Edina, MN	1.0	1.0	700	$1,245	$1.78	43d	1	0.60mi
4040 W 70th St Minneapolis, MN	1.0–2.0	1.0	834	$1,184	$1.42	1d	7	0.68mi
7400 Penn Ave S Minneapolis, MN	1.0–2.0	1.0	725	$1,175	$1.62	16d	2	0.69mi
4480 Parklawn Ave Minneapolis, MN	1.0–3.0	1.0–2.0	950	$1,520	$1.60	2d	4	0.70mi
7421 Penn Ave S Apt 7 Minneapolis, MN	1.0	1.0	680	$1,050	$1.54	24d	1	0.72mi
7501 Penn Ave S Minneapolis, MN	1.0	1.0	608	$995	$1.64	12d	1	0.73mi
7515 Penn Ave S Unit 7515-101 Minneapolis, MN	1.0	1.0	608	$995	$1.64	24d	1	0.74mi
7620 Penn Ave S Minneapolis, MN	1.0	1.0	662	$1,272	$1.92	2d	80	0.75mi
7444 Oliver Ave S Minneapolis, MN	1.0	1.0	700	$1,095	$1.56	2d	1	0.76mi
7520 Oliver Ave S Unit 10 Minneapolis, MN	1.0	1.0	550	$985	$1.79	17d	1	0.77mi
8045 Xerxes Ave S Unit G1 Minneapolis, MN	1.0	1.0	676	$1,020	$1.51	4d	1	0.83mi
6725 York Ave S Minneapolis, MN	3.0	1.0–3.0	1097	$2,226	$2.03	1d	19	0.87mi
4620 77th St W Minneapolis, MN	1.0–2.0	1.0–2.0	856	$1,859	$2.17	1d	33	0.96mi
8050 Queen Ave S Minneapolis, MN	1.0	1.0	700	$1,250	$1.79	12d	1	1.01mi
4660 77th St W Minneapolis, MN	1.0–2.0	1.0–2.0	815	$1,599	$1.96	1d	37	1.05mi
2720 W 66th St Minneapolis, MN	1.0	1.0	500	$1,075	$2.15	3d	4	1.11mi

HOA detail condo

• Monthly dues: $499 · $5,988/yr
• Likely covers: gaspool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-15
   status $99,777 Pending 272 DOM
2. 2026-06-15
   days on market $99,777 Contingent - Inspection 272 DOM
3. 2026-06-13
   days on market $99,777 Contingent - Inspection 270 DOM
4. 2026-06-13
   days on market $99,777 Contingent - Inspection 269 DOM
5. 2026-06-09
   days on market $99,777 Contingent - Inspection 266 DOM
6. 2026-06-08
   days on market $99,777 Contingent - Inspection 265 DOM
7. 2026-06-07
   days on market $99,777 Contingent - Inspection 264 DOM
8. 2026-06-04
   statusdays on market $99,777 Contingent - Inspection 261 DOM
9. 2026-06-03
   days on market $99,777 Active 260 DOM
10. 2026-06-02
    days on market $99,777 Active 259 DOM
11. 2026-06-01
    days on market $99,777 Active 258 DOM
12. 2026-05-31
    days on market $99,777 Active 257 DOM
13. 2026-02-24
    price $109,777 754-char remark

    Show marketing remark (754 chars)

    Welcome home to this amazing condo-Has all the basics with so much charm! Upper unit with no one above you or on one side-Prime Edina location- Stainless steel appliances refrigerator, gas stove, microwave & dishwasher, open and bright unit. There's a pantry off the entry that can be an office if needed. Located in the back of the community w/minimal traffic. Convenient one car garage with garage door opener. Common outdoor pool with lounge chairs 9' in the deep end, multiple cooking areas in the courtyard with gas grills, and the party room with Kitchen, bath, books, pool and large social area. Laundry on the main floor of the building has 4 washers/4 dryers and has the ability to pay with a card. Cheaper than rent- come check it out!

14. 2025-10-29
    price $114,777 754-char remark

    Show marketing remark (754 chars)

    Welcome home to this amazing condo-Has all the basics with so much charm! Upper unit with no one above you or on one side-Prime Edina location- Stainless steel appliances refrigerator, gas stove, microwave & dishwasher, open and bright unit. There's a pantry off the entry that can be an office if needed. Located in the back of the community w/minimal traffic. Convenient one car garage with garage door opener. Common outdoor pool with lounge chairs 9' in the deep end, multiple cooking areas in the courtyard with gas grills, and the party room with Kitchen, bath, books, pool and large social area. Laundry on the main floor of the building has 4 washers/4 dryers and has the ability to pay with a card. Cheaper than rent- come check it out!

15. 2025-09-19
    price $124,777 754-char remark

    Show marketing remark (754 chars)

    Welcome home to this amazing condo-Has all the basics with so much charm! Upper unit with no one above you or on one side-Prime Edina location- Stainless steel appliances refrigerator, gas stove, microwave & dishwasher, open and bright unit. There's a pantry off the entry that can be an office if needed. Located in the back of the community w/minimal traffic. Convenient one car garage with garage door opener. Common outdoor pool with lounge chairs 9' in the deep end, multiple cooking areas in the courtyard with gas grills, and the party room with Kitchen, bath, books, pool and large social area. Laundry on the main floor of the building has 4 washers/4 dryers and has the ability to pay with a card. Cheaper than rent- come check it out!

16. 2025-09-16
    listed $129,777 Active 754-char remark

    Show marketing remark (754 chars)

    Welcome home to this amazing condo-Has all the basics with so much charm! Upper unit with no one above you or on one side-Prime Edina location- Stainless steel appliances refrigerator, gas stove, microwave & dishwasher, open and bright unit. There's a pantry off the entry that can be an office if needed. Located in the back of the community w/minimal traffic. Convenient one car garage with garage door opener. Common outdoor pool with lounge chairs 9' in the deep end, multiple cooking areas in the courtyard with gas grills, and the party room with Kitchen, bath, books, pool and large social area. Laundry on the main floor of the building has 4 washers/4 dryers and has the ability to pay with a card. Cheaper than rent- come check it out!

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

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 ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,457
• − Mortgage interest: −$5,589
• − Property taxes: −$1,497
• − Insurance: −$499
• − Repairs & maintenance: −$1,397
• − Management: −$1,397
• − HOA: −$5,988
• − Depreciation: −$2,903
• Taxable loss: −$1,811
• Est. tax savings @ 24.0%: +$435
• After-tax cash flow: $-37/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This well-maintained condo is in good condition with minor cosmetic updates needed to enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace carpet with hardwood — Improves aesthetics and is easier to clean
• Both Install smart home devices — Enhances convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace carpet with hardwood — Improves aesthetics and is easier to clean ↑
• Both Install smart home devices — Enhances convenience and marketability ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Richfield Public School District
• NCES district ID: 2731750
• Math proficiency: 27% ▼ -10.00%
• Reading proficiency: 38% ▼ -6.00%
• Median HH income: $53,367
• Composite: 28.56/100
• National rank: #6727
• State rank: #262 of 301 in MN

Livability — Edina

• Score: 80/100
• State rank: #82
• US rank: #1926

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edina, MN
• County: Hennepin County · 1,150,272 people
• City population: 38,943
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 14,192
• Household income: $79,884
• Rent vs Own: 52.4% rent · 47.6% own
• Severe rent burden: 976.0

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: Predominantly White (75%)
• Race & ethnicity: White 75% Asian 9% Black 6% Hispanic / Latino 6% Two or more races 4% Native American 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 11% Lithuanian 4% Romanian 2%
• Foreign-born: 17% · Canada, China, South Korea
• Languages at home: 81% English-only · Spanish 5% Other Asian/Pacific 4% Chinese 2%

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: ▼ -158.19%
• Current HPI: 178.3042
• Rent YoY: ▲ 0.42%
• 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

-15.4% since first listed

4 events — show timeline

• 2026-02-24 Price Changed $109,777 NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-29 Price Changed $114,777 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-19 Price Changed $124,777 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-16 Listed $129,777 NORTHSTARMLS as Distributed by MLS Grid