3315 Newton Ave N · Minneapolis, MN 55412

$224,900

4 bd · 1.0 ba · 1,257 sqft · SingleFamily public records · 126 Days on market

Built 1922 5,041 sqft lot $179/sqft · 44% above area Est $276k · 18% under

---

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 +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +5.3/10.0
• Rent growth +4.1/5.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Experience the perfect blend of 1920s character and modern comfort in this beautifully maintained 4-bedroom Minneapolis home. The main level welcomes you with a sun-drenched front porch that flows into a cozy living room anchored by a classic fireplace, a dedicated dining space, and a bright kitchen updated with stainless steel appliances. With two bedrooms on the main floor and two spacious bedrooms upstairs, this versatile layout offers plenty of room to grow, while the fully fenced backyard and large rear deck provide a private outdoor oasis perfect for entertaining. Boasting over 2,200 total square feet, peace of mind with central air, and a prime location near local parks and commuting corridors, this Folwell gem offers incredible value and classic charm.

Key facts

• 5,041 sq ft lot
• Built 1922
• Listed 125 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $246 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $225k).
• Recommended offer: $198k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.1% in Minneapolis — 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 78/100 on livability (#110 in MN, #2,525 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: cost of living C-, crime F.
• Minneapolis Public School District (urban): math 35% / reading 46% proficiency, ranked #217 of 301 in MN (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.3%/yr); 169 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 4,651 units permitted in Hennepin County in 2024 (2,443 in 5+ unit buildings).
• This rent runs 40% of the median local income ($69k/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 $2k of loan paydown is wiped out by about $7k 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 126 days — a 12% lower offer ($198k) 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.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $197,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 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 1922 — 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. Crime grade is F 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?
6. 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.
7. 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.
8. 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: 7.61%
• Cash-on-cash: 4.69%
• DSCR: 1.21
• GRM: 8.1

CMA / ARV

• ARV (median comp): $275,905
• List price: $224,900
• Delta: -18.49%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2806 Penn Ave N	0.46mi	3/2.0 (-1)	1,080 (-14%)	13mo	$214,500	$199	35

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 · 6.35% rent growth · sell at horizon

5-year hold

• IRR: -5.2%
• Equity multiple: 0.80×
• Total profit: $-12,654
• Equity at exit: $33,533

10-year hold

• IRR: 8.1%
• Equity multiple: 1.71×
• Total profit: $44,774
• Equity at exit: $19,445

Cash invested: $62,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 34 Tenant-Leaning
• State Minnesota: 46 Balanced · D+2
• County: — inherits STATE
• City Minneapolis: 34 Tenant-Leaning · D+50

Tenant Opportunity to Purchase; renter's protections.

Methodology + full state rankings →

ZIP-level market 55412

• Home prices YoY: -26.9%
• Rents YoY: 6.3%
• Active inventory: 169
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,310 high
• Mortgage (P&I): −$1,179
• Tax from tax record: −$306 /mo · $3,670/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $246

Break-even live

Break-even rent $1,999

Max offer price $224,900

Occupancy floor 84%

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3526 Newton Ave N Minneapolis, MN	5.0	2.0	1470	$2,795	$1.90	1d	1	0.24mi
3114 Morgan Ave N Minneapolis, MN	4.0	2.0	1362	$2,000	$1.47	14d	1	0.24mi
3315 James Ave N Minneapolis, MN	4.0	1.0	1400	$2,100	$1.50	4d	1	0.25mi
3238 Humboldt Ave N Minneapolis, MN	5.0	1.0	1389	$2,100	$1.51	43d	1	0.41mi
3105 N Girard Ave Unit 2 Minneapolis, MN	4.0	1.0	1250	$2,300	$1.84	24d	1	0.50mi
2923 Girard Ave N Minneapolis, MN	5.0	2.0	1760	$2,795	$1.59	22d	1	0.59mi
2819 Girard Ave N Minneapolis, MN	5.0	2.0	1718	$2,300	$1.34	43d	1	0.64mi
2703 Humboldt Ave N Minneapolis, MN	3.0	1.0	1218	$1,450	$1.19	22d	1	0.67mi
2647 Fremont Ave N Minneapolis, MN	5.0	1.0	1508	$2,595	$1.72	14d	1	0.77mi
3522 Bryant Ave N Minneapolis, MN	5.0	2.0	1449	$2,995	$2.07	43d	1	0.80mi
2646 Dupont Ave N Unit 2 Minneapolis, MN	4.0	1.0	1514	$2,245	$1.48	43d	1	0.88mi
2324 Logan Ave N Minneapolis, MN	4.0	1.5	1400	$2,300	$1.64	44d	1	0.89mi
2356 N Thomas Ave Unit 2 Minneapolis, MN	3.0	1.0	1000	$1,800	$1.80	43d	1	0.89mi
3247 N 6th St Minneapolis, MN	5.0	1.5	1405	$2,350	$1.67	22d	1	0.94mi
3247 N 6th St Minneapolis, MN	5.0	1.5	1405	$2,350	$1.67	43d	1	0.94mi
3247 N 6th St Minneapolis, MN	5.0	1.5	1405	$2,350	$1.67	24d	1	0.94mi
3211 N 6th St Unit 2 Minneapolis, MN	4.0	1.0	900	$1,450	$1.61	24d	1	0.95mi
2211 Queen Ave N Unit 1 Minneapolis, MN	3.0	1.0	983	$1,695	$1.72	17d	1	0.99mi
1510 N 22nd Ave #1 Minneapolis, MN	3.0	1.0	1500	$1,875	$1.25	22d	1	1.02mi
1510 N 22nd Ave #1 Minneapolis, MN	3.0	1.0	1500	$1,875	$1.25	4d	1	1.02mi
1523 22nd Ave N Minneapolis, MN	3.0	1.0	943	$1,695	$1.80	14d	1	1.04mi
3419 Grimes Ave N Minneapolis, MN	3.0	1.5	1300	$2,050	$1.58	43d	1	1.19mi
318 N 27th Ave #2 Minneapolis, MN	3.0	1.0	1200	$1,800	$1.50	43d	1	1.22mi
318 N 27th Ave #2 Minneapolis, MN	3.0	1.0	1200	$1,800	$1.50	4d	1	1.22mi
2411 Golden Valley Rd Unit 2 Minneapolis, MN	4.0	2.0	1200	$2,395	$2.00	14d	1	1.23mi
1312 18th Ave N Minneapolis, MN	3.0	1.0	1520	$1,899	$1.25	7d	1	1.33mi
1649 Russell Ave N Unit 2 Minneapolis, MN	3.0	1.0	1011	$1,700	$1.68	20d	1	1.36mi
1816 Zephyr Pl Minneapolis, MN	3.0	1.0	1120	$2,050	$1.83	43d	1	1.39mi
1507 N Newton Ave Unit 2 Minneapolis, MN	4.0	1.0	1068	$1,499	$1.40	43d	1	1.49mi

Listing history 21 events

1. 2026-06-18
   days on market $224,900 Active 126 DOM
2. 2026-06-17
   days on market $224,900 Active 125 DOM
3. 2026-06-16
   days on market $224,900 Active 124 DOM
4. 2026-06-15
   days on market $224,900 Active 123 DOM
5. 2026-06-13
   days on market $224,900 Active 121 DOM
6. 2026-06-09
   days on market $224,900 Active 117 DOM
7. 2026-06-08
   days on market $224,900 Active 116 DOM
8. 2026-06-07
   days on market $224,900 Active 115 DOM
9. 2026-06-04
   days on market $224,900 Active 112 DOM
10. 2026-06-03
    days on market $224,900 Active 111 DOM
11. 2026-06-02
    days on market $224,900 Active 110 DOM
12. 2026-06-01
    days on market $224,900 Active 109 DOM
13. 2026-05-31
    days on market $224,900 Active 108 DOM
14. 2026-03-25
    status Active 770-char remark

    Show marketing remark (770 chars)

    Experience the perfect blend of 1920s character and modern comfort in this beautifully maintained 4-bedroom Minneapolis home. The main level welcomes you with a sun-drenched front porch that flows into a cozy living room anchored by a classic fireplace, a dedicated dining space, and a bright kitchen updated with stainless steel appliances. With two bedrooms on the main floor and two spacious bedrooms upstairs, this versatile layout offers plenty of room to grow, while the fully fenced backyard and large rear deck provide a private outdoor oasis perfect for entertaining. Boasting over 2,200 total square feet, peace of mind with central air, and a prime location near local parks and commuting corridors, this Folwell gem offers incredible value and classic charm.

15. 2026-03-13
    historical Contingent - Inspection 770-char remark

    Show marketing remark (770 chars)

    Experience the perfect blend of 1920s character and modern comfort in this beautifully maintained 4-bedroom Minneapolis home. The main level welcomes you with a sun-drenched front porch that flows into a cozy living room anchored by a classic fireplace, a dedicated dining space, and a bright kitchen updated with stainless steel appliances. With two bedrooms on the main floor and two spacious bedrooms upstairs, this versatile layout offers plenty of room to grow, while the fully fenced backyard and large rear deck provide a private outdoor oasis perfect for entertaining. Boasting over 2,200 total square feet, peace of mind with central air, and a prime location near local parks and commuting corridors, this Folwell gem offers incredible value and classic charm.

16. 2026-03-09
    price $224,900 770-char remark

    Show marketing remark (770 chars)

    Experience the perfect blend of 1920s character and modern comfort in this beautifully maintained 4-bedroom Minneapolis home. The main level welcomes you with a sun-drenched front porch that flows into a cozy living room anchored by a classic fireplace, a dedicated dining space, and a bright kitchen updated with stainless steel appliances. With two bedrooms on the main floor and two spacious bedrooms upstairs, this versatile layout offers plenty of room to grow, while the fully fenced backyard and large rear deck provide a private outdoor oasis perfect for entertaining. Boasting over 2,200 total square feet, peace of mind with central air, and a prime location near local parks and commuting corridors, this Folwell gem offers incredible value and classic charm.

17. 2026-02-13
    listed $229,990 Active 770-char remark

    Show marketing remark (770 chars)

    Experience the perfect blend of 1920s character and modern comfort in this beautifully maintained 4-bedroom Minneapolis home. The main level welcomes you with a sun-drenched front porch that flows into a cozy living room anchored by a classic fireplace, a dedicated dining space, and a bright kitchen updated with stainless steel appliances. With two bedrooms on the main floor and two spacious bedrooms upstairs, this versatile layout offers plenty of room to grow, while the fully fenced backyard and large rear deck provide a private outdoor oasis perfect for entertaining. Boasting over 2,200 total square feet, peace of mind with central air, and a prime location near local parks and commuting corridors, this Folwell gem offers incredible value and classic charm.

18. 2026-01-30
    historical $229,990 770-char remark

    Show marketing remark (770 chars)

    Experience the perfect blend of 1920s character and modern comfort in this beautifully maintained 4-bedroom Minneapolis home. The main level welcomes you with a sun-drenched front porch that flows into a cozy living room anchored by a classic fireplace, a dedicated dining space, and a bright kitchen updated with stainless steel appliances. With two bedrooms on the main floor and two spacious bedrooms upstairs, this versatile layout offers plenty of room to grow, while the fully fenced backyard and large rear deck provide a private outdoor oasis perfect for entertaining. Boasting over 2,200 total square feet, peace of mind with central air, and a prime location near local parks and commuting corridors, this Folwell gem offers incredible value and classic charm.

19. 2022-08-04
    soldstatus $196,338
20. 1993-11-03
    historical
21. 1992-11-03
    listed $42,900

ⓘ 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: $3,670 · $306/mo
• Projected year-2 tax: $3,670 · $306/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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,726
• − Mortgage interest: −$12,598
• − Property taxes: −$3,670
• − Insurance: −$1,124
• − Repairs & maintenance: −$2,218
• − Management: −$2,218
• − Depreciation: −$6,543
• Taxable loss: −$645
• Est. tax savings @ 24.0%: +$155
• After-tax cash flow: $3,111/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: Minneapolis Public School District
• NCES district ID: 2721240
• Math proficiency: 35% ▼ -7.00%
• Reading proficiency: 46% ▼ -1.00%
• Median HH income: $50,521
• Composite: 34.92/100
• National rank: #5067
• State rank: #217 of 301 in MN

Livability — Minneapolis

• Score: 78/100
• State rank: #110
• US rank: #2525

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Minneapolis, MN
• County: Hennepin County · 1,150,272 people
• City population: 417,555
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 24,460
• Household income: $68,682
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 913.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 36% Black 33% Hispanic / Latino 14% Two or more races 12% Asian 8% Native American 1%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Portuguese 6% Lithuanian 2% Romanian 1%
• Foreign-born: 12% · Canada
• Languages at home: 82% English-only · Spanish 9% Other Asian/Pacific 7% Tagalog/Filipino 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: ▼ -109.98%
• Current HPI: 298.1414
• Rent YoY: ▲ 6.35%
• 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

+424.2% since first listed

8 events — show timeline

• 2026-03-25 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-13 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-09 Price Changed $224,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-13 Listed $229,990 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-30 Coming Soon $229,990 NORTHSTARMLS as Distributed by MLS Grid
• 2022-08-04 Sold (Public Records) $196,338 Public Records
• 1993-11-03 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 1992-11-03 Listed $42,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+10.6%/yr

Latest (2025): $3,670 · +15.5% YoY. Source: county tax records.