2425 E Franklin Ave #212 · Minneapolis, MN 55406

$159,900

2 bd · 1.0 ba · 1,046 sqft · Condo public records · 133 Days on market

Built 1982 $153/sqft · 50% below area Est $319k · 50% under $497/mo HOA · 31% of rent

---

Why this score? — see what drove the D- 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 +6.2/30.0
• 1% rule +5.1/10.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• DSCR +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Your charming Seward home awaits! This beautifully maintained 2-bedroom, 1-bath condo offers an exceptional layout that maximizes space and flow, creating a sense of spaciousness that’s rare at this price point. Located on the second floor, the unit enjoys added privacy and features a private, enclosed balcony—perfect for morning coffee, evening relaxation, or a cozy retreat in every season. Inside, you’ll find a naturally lit, move-in-ready interior with recently repainted walls. The carpet and luxury vinyl plank flooring are both well cared for, and so are the stainless steel appliances within the functional yet versatile kitchen, all reflecting the pride of ownership throughout the home. The building enhances everyday living with amenities designed for comfort, gatherings, and convenience. Residents have access to an on-site fitness room, as well as a heated parking garage with remote access, free laundry, a private outdoor deck for hosting large or intimate gatherings, and a private storage space included with ownership. Rentals are allowed after two years of owner occupancy, offering future flexibility for potential investors, and the building is pet-friendly for up to two cats. Set in a highly walkable neighborhood, this condo is just steps from local shops, storefronts, and daily conveniences. A wonderful opportunity for low-maintenance living in a location that truly delivers.

Key facts

• $497 HOA
• Garage
• Built 1982

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $160k.

Deal economics

• At list price, monthly cash flow is $-293 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $108k (32.3% below list).
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $108k (32.3% below list) — sets the bar for cash-flow.
• Cap rate 4.1% 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 (+3.0%/yr); 149 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 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 $1k of loan paydown is wiped out by about $5k 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 133 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 12y 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: HOA is 31% of rent.

Recommended offer $108,176 (32.3% 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 133 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.01% ✓
• Cap rate: 4.10%
• Cash-on-cash: -7.85%
• DSCR: 0.65
• GRM: 8.3

CMA / ARV

• ARV (median comp): $318,588
• List price: $159,900
• Delta: -49.81%
• Verdict: UNDERPRICED
• Comps: 11 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.99% rent growth · sell at horizon

5-year hold

• IRR: -29.7%
• Equity multiple: 0.01×
• Total profit: $-44,267
• Equity at exit: $23,842

10-year hold

• IRR: -29.7%
• Equity multiple: -0.37×
• Total profit: $-61,374
• Equity at exit: $13,825

Cash invested: $44,772 (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 55406

• Rents YoY: 3.0%
• Active inventory: 149
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,613 high
• Mortgage (P&I): −$839
• Tax from tax record: −$165 /mo · $1,979/yr
• Insurance: −$67
• HOA: −$497
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $-293

Break-even live

Break-even rent $1,984

Max offer price $108,176

Occupancy floor —

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2220 E Franklin Ave Minneapolis, MN	1.0–2.0	1.0–1.5	730	$1,756	$2.41	2d	11	0.15mi
2316 25th Ave S Unit 1 Yellow Minneapolis, MN	2.0	1.0	900	$1,495	$1.66	43d	1	0.16mi
2107 21st Ave S Minneapolis, MN	1.0	1.0	570	$1,050	$1.84	16d	6	0.26mi
2107 21st Ave S Unit 2020-111 Minneapolis, MN	1.0	1.0	700	$1,050	$1.50	43d	1	0.26mi
2107 21st Ave S Unit 2020-311 Minneapolis, MN	1.0	1.0	700	$1,050	$1.50	24d	1	0.26mi
2520 S 8th St Minneapolis, MN	2.0	1.0–2.0	721	$2,457	$3.41	1d	9	0.26mi
2520 S 8th St Minneapolis, MN	2.0	1.0–2.0	721	$2,445	$3.39	17d	11	0.26mi
2220 Snelling Ave Minneapolis, MN	2.0	1.0–2.0	675	$2,024	$3.00	1d	28	0.40mi
1901 Minnehaha Ave Minneapolis, MN	2.0	1.0	840	$1,550	$1.85	14d	1	0.43mi
2107 Cedar Ave S Minneapolis, MN	3.0	1.0–2.0	792	$1,464	$1.85	1d	26	0.49mi
940 Franklin Ter Minneapolis, MN	1.0–2.0	1.0	667	$1,500	$2.25	2d	8	0.50mi
2015 Riverside Ave Minneapolis, MN	1.0–2.0	1.0	886	$1,720	$1.94	1d	9	0.51mi
2108 16th Ave S Unit 1 Minneapolis, MN	3.0	1.0	1020	$1,750	$1.72	43d	1	0.71mi
2615 E 29th St Minneapolis, MN	2.0	1.0–2.0	660	$1,925	$2.91	2d	13	0.83mi
2609 16th Ave S Minneapolis, MN	1.0	1.0	750	$1,198	$1.60	43d	1	0.83mi
2624 16th Ave S Minneapolis, MN	1.0	1.0	750	$1,198	$1.60	43d	1	0.88mi
2220 E Lake St Minneapolis, MN	1.0–2.0	1.0	659	$1,425	$2.16	13d	1	0.91mi
2833 S 31st Ave Unit 1 Minneapolis, MN	2.0	1.0	950	$1,695	$1.78	43d	1	0.92mi
2913 29th Ave S Minneapolis, MN	1.0–2.0	1.0	707	$1,245	$1.76	3d	4	0.92mi
1800 Washington Ave S Minneapolis, MN	2.0	1.0–2.0	674	$2,310	$3.43	2d	23	0.93mi
2916 30th Ave S Unit B Minneapolis, MN	2.0	2.0	946	$1,697	$1.79	43d	1	0.95mi
3029 22nd Ave S Unit 202 Minneapolis, MN	2.0	2.0	923	$1,885	$2.04	43d	1	1.02mi
3029 22nd Ave S Unit 302 Minneapolis, MN	2.0	2.0	923	$1,799	$1.95	2d	1	1.02mi
3029 22nd Ave S Unit 418 Minneapolis, MN	2.0	2.0	1010	$1,789	$1.77	43d	1	1.02mi
1907 11th Ave S Unit 3 Minneapolis, MN	2.0	1.0	1057	$1,375	$1.30	7d	1	1.02mi
2113 11th Ave S Minneapolis, MN	3.0	1.0	900	$2,100	$2.33	17d	1	1.02mi
3015 19th Ave S Unit 1 Minneapolis, MN	3.0	1.0	960	$1,750	$1.82	43d	1	1.05mi
1802 11th Ave S Unit 5 Minneapolis, MN	1.0	1.0	700	$1,475	$2.11	17d	1	1.07mi
1423 11th Ave S Minneapolis, MN	1.0–2.0	1.0	818	$1,800	$2.20	2d	29	1.11mi
3126 Minnehaha Ave Minneapolis, MN	2.0	1.0	562	$1,895	$3.37	7d	4	1.14mi
3136 Minnehaha Ave Minneapolis, MN	1.0–2.0	1.0	577	$1,745	$3.02	3d	3	1.17mi
1010 S 7th St Minneapolis, MN	2.0	1.0–2.0	834	$2,725	$3.27	43d	1	1.18mi
2932 15th Ave S Unit 1 Minneapolis, MN	2.0	1.0	816	$1,250	$1.53	43d	1	1.23mi
2835 11th Ave S Minneapolis, MN	2.0	1.0–2.0	688	$1,360	$1.98	7d	11	1.31mi
212 10th Ave S Minneapolis, MN	3.0	1.0–2.5	1490	$6,415	$4.31	1d	10	1.33mi
736 E 16th St Minneapolis, MN	1.0–2.0	1.0	650	$1,100	$1.69	23d	2	1.33mi
736 E 16th St #21 Minneapolis, MN	2.0	1.0	757	$1,150	$1.52	43d	1	1.33mi
735 E 16th St #2 Minneapolis, MN	3.0	1.0	1296	$1,650	$1.27	24d	1	1.34mi
729 E 16th St Apt 11 Minneapolis, MN	1.0	1.0	1050	$1,195	$1.14	43d	1	1.34mi
1000 University Ave SE Minneapolis, MN	2.0–4.0	1.0–2.0	1136	$1,880	$1.65	24d	9	1.35mi

HOA detail condo

• Monthly dues: $497 · $5,964/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 45 events

1. 2026-06-18
   days on market $159,900 Active 133 DOM
2. 2026-06-17
   days on market $159,900 Active 132 DOM
3. 2026-06-16
   days on market $159,900 Active 131 DOM
4. 2026-06-15
   days on market $159,900 Active 130 DOM
5. 2026-06-13
   days on market $159,900 Active 128 DOM
6. 2026-06-09
   days on market $159,900 Active 124 DOM
7. 2026-06-08
   days on market $159,900 Active 123 DOM
8. 2026-06-07
   days on market $159,900 Active 122 DOM
9. 2026-06-04
   days on market $159,900 Active 119 DOM
10. 2026-06-03
    days on market $159,900 Active 118 DOM
11. 2026-06-02
    days on market $159,900 Active 117 DOM
12. 2026-06-01
    days on market $159,900 Active 116 DOM
13. 2026-05-31
    days on market $159,900 Active 115 DOM
14. 2026-05-14
    status Active 1425-char remark

    Show marketing remark (1425 chars)

    Your charming Seward home awaits! This beautifully maintained 2-bedroom, 1-bath condo offers an exceptional layout that maximizes space and flow, creating a sense of spaciousness that’s rare at this price point. Located on the second floor, the unit enjoys added privacy and features a private, enclosed balcony—perfect for morning coffee, evening relaxation, or a cozy retreat in every season. Inside, you’ll find a naturally lit, move-in-ready interior with recently repainted walls. The carpet and luxury vinyl plank flooring are both well cared for, and so are the stainless steel appliances within the functional yet versatile kitchen, all reflecting the pride of ownership throughout the home. The building enhances everyday living with amenities designed for comfort, gatherings, and convenience. Residents have access to an on-site fitness room, as well as a heated parking garage with remote access, free laundry, a private outdoor deck for hosting large or intimate gatherings, and a private storage space included with ownership. Rentals are allowed after two years of owner occupancy, offering future flexibility for potential investors, and the building is pet-friendly for up to two cats. Set in a highly walkable neighborhood, this condo is just steps from local shops, storefronts, and daily conveniences. A wonderful opportunity for low-maintenance living in a location that truly delivers.

15. 2026-03-05
    historical Contingent - Subject to Statutory Rescission 1425-char remark

    Show marketing remark (1425 chars)

    Your charming Seward home awaits! This beautifully maintained 2-bedroom, 1-bath condo offers an exceptional layout that maximizes space and flow, creating a sense of spaciousness that’s rare at this price point. Located on the second floor, the unit enjoys added privacy and features a private, enclosed balcony—perfect for morning coffee, evening relaxation, or a cozy retreat in every season. Inside, you’ll find a naturally lit, move-in-ready interior with recently repainted walls. The carpet and luxury vinyl plank flooring are both well cared for, and so are the stainless steel appliances within the functional yet versatile kitchen, all reflecting the pride of ownership throughout the home. The building enhances everyday living with amenities designed for comfort, gatherings, and convenience. Residents have access to an on-site fitness room, as well as a heated parking garage with remote access, free laundry, a private outdoor deck for hosting large or intimate gatherings, and a private storage space included with ownership. Rentals are allowed after two years of owner occupancy, offering future flexibility for potential investors, and the building is pet-friendly for up to two cats. Set in a highly walkable neighborhood, this condo is just steps from local shops, storefronts, and daily conveniences. A wonderful opportunity for low-maintenance living in a location that truly delivers.

16. 2026-02-09
    status Active 1425-char remark

    Show marketing remark (1425 chars)

    Your charming Seward home awaits! This beautifully maintained 2-bedroom, 1-bath condo offers an exceptional layout that maximizes space and flow, creating a sense of spaciousness that’s rare at this price point. Located on the second floor, the unit enjoys added privacy and features a private, enclosed balcony—perfect for morning coffee, evening relaxation, or a cozy retreat in every season. Inside, you’ll find a naturally lit, move-in-ready interior with recently repainted walls. The carpet and luxury vinyl plank flooring are both well cared for, and so are the stainless steel appliances within the functional yet versatile kitchen, all reflecting the pride of ownership throughout the home. The building enhances everyday living with amenities designed for comfort, gatherings, and convenience. Residents have access to an on-site fitness room, as well as a heated parking garage with remote access, free laundry, a private outdoor deck for hosting large or intimate gatherings, and a private storage space included with ownership. Rentals are allowed after two years of owner occupancy, offering future flexibility for potential investors, and the building is pet-friendly for up to two cats. Set in a highly walkable neighborhood, this condo is just steps from local shops, storefronts, and daily conveniences. A wonderful opportunity for low-maintenance living in a location that truly delivers.

17. 2026-02-05
    historical Contingent - Inspection 1425-char remark

    Show marketing remark (1425 chars)

    Your charming Seward home awaits! This beautifully maintained 2-bedroom, 1-bath condo offers an exceptional layout that maximizes space and flow, creating a sense of spaciousness that’s rare at this price point. Located on the second floor, the unit enjoys added privacy and features a private, enclosed balcony—perfect for morning coffee, evening relaxation, or a cozy retreat in every season. Inside, you’ll find a naturally lit, move-in-ready interior with recently repainted walls. The carpet and luxury vinyl plank flooring are both well cared for, and so are the stainless steel appliances within the functional yet versatile kitchen, all reflecting the pride of ownership throughout the home. The building enhances everyday living with amenities designed for comfort, gatherings, and convenience. Residents have access to an on-site fitness room, as well as a heated parking garage with remote access, free laundry, a private outdoor deck for hosting large or intimate gatherings, and a private storage space included with ownership. Rentals are allowed after two years of owner occupancy, offering future flexibility for potential investors, and the building is pet-friendly for up to two cats. Set in a highly walkable neighborhood, this condo is just steps from local shops, storefronts, and daily conveniences. A wonderful opportunity for low-maintenance living in a location that truly delivers.

18. 2026-01-31
    listed $167,500 Active 1425-char remark

    Show marketing remark (1425 chars)

    Your charming Seward home awaits! This beautifully maintained 2-bedroom, 1-bath condo offers an exceptional layout that maximizes space and flow, creating a sense of spaciousness that’s rare at this price point. Located on the second floor, the unit enjoys added privacy and features a private, enclosed balcony—perfect for morning coffee, evening relaxation, or a cozy retreat in every season. Inside, you’ll find a naturally lit, move-in-ready interior with recently repainted walls. The carpet and luxury vinyl plank flooring are both well cared for, and so are the stainless steel appliances within the functional yet versatile kitchen, all reflecting the pride of ownership throughout the home. The building enhances everyday living with amenities designed for comfort, gatherings, and convenience. Residents have access to an on-site fitness room, as well as a heated parking garage with remote access, free laundry, a private outdoor deck for hosting large or intimate gatherings, and a private storage space included with ownership. Rentals are allowed after two years of owner occupancy, offering future flexibility for potential investors, and the building is pet-friendly for up to two cats. Set in a highly walkable neighborhood, this condo is just steps from local shops, storefronts, and daily conveniences. A wonderful opportunity for low-maintenance living in a location that truly delivers.

19. 2026-01-29
    historical $167,500 1425-char remark

    Show marketing remark (1425 chars)

    Your charming Seward home awaits! This beautifully maintained 2-bedroom, 1-bath condo offers an exceptional layout that maximizes space and flow, creating a sense of spaciousness that’s rare at this price point. Located on the second floor, the unit enjoys added privacy and features a private, enclosed balcony—perfect for morning coffee, evening relaxation, or a cozy retreat in every season. Inside, you’ll find a naturally lit, move-in-ready interior with recently repainted walls. The carpet and luxury vinyl plank flooring are both well cared for, and so are the stainless steel appliances within the functional yet versatile kitchen, all reflecting the pride of ownership throughout the home. The building enhances everyday living with amenities designed for comfort, gatherings, and convenience. Residents have access to an on-site fitness room, as well as a heated parking garage with remote access, free laundry, a private outdoor deck for hosting large or intimate gatherings, and a private storage space included with ownership. Rentals are allowed after two years of owner occupancy, offering future flexibility for potential investors, and the building is pet-friendly for up to two cats. Set in a highly walkable neighborhood, this condo is just steps from local shops, storefronts, and daily conveniences. A wonderful opportunity for low-maintenance living in a location that truly delivers.

20. 2021-05-04
    soldstatus $180,000
21. 2021-05-03
    soldstatus $180,000 Sold 640-char remark

    Show marketing remark (640 chars)

    Spacious & updated unit in great Mpls location. Wood laminate floor in dining, living, and kitchen. Granite countertops and updated kitchen cupboards & appliances. Newly installed based board heat in living and dining room. AC units in both living room and back bedroom. Lots of storage in the unit; as well as a separate private storage unit off the laundry room nearby. Private balcony overlooking the city. Heated underground parking spot. Very well-established HOA. Rentals are allowed after owner has occupied unit for 2 yrs. Pet policy does not allow dogs or other pets besides a 2 cat maximum. FHA financing is not permitted.

22. 2021-04-07
    status Pending 640-char remark

    Show marketing remark (640 chars)

    Spacious & updated unit in great Mpls location. Wood laminate floor in dining, living, and kitchen. Granite countertops and updated kitchen cupboards & appliances. Newly installed based board heat in living and dining room. AC units in both living room and back bedroom. Lots of storage in the unit; as well as a separate private storage unit off the laundry room nearby. Private balcony overlooking the city. Heated underground parking spot. Very well-established HOA. Rentals are allowed after owner has occupied unit for 2 yrs. Pet policy does not allow dogs or other pets besides a 2 cat maximum. FHA financing is not permitted.

23. 2021-04-03
    historical Contingent - Inspection 640-char remark

    Show marketing remark (640 chars)

    Spacious & updated unit in great Mpls location. Wood laminate floor in dining, living, and kitchen. Granite countertops and updated kitchen cupboards & appliances. Newly installed based board heat in living and dining room. AC units in both living room and back bedroom. Lots of storage in the unit; as well as a separate private storage unit off the laundry room nearby. Private balcony overlooking the city. Heated underground parking spot. Very well-established HOA. Rentals are allowed after owner has occupied unit for 2 yrs. Pet policy does not allow dogs or other pets besides a 2 cat maximum. FHA financing is not permitted.

24. 2021-04-02
    listed $177,000 Active 640-char remark

    Show marketing remark (640 chars)

    Spacious & updated unit in great Mpls location. Wood laminate floor in dining, living, and kitchen. Granite countertops and updated kitchen cupboards & appliances. Newly installed based board heat in living and dining room. AC units in both living room and back bedroom. Lots of storage in the unit; as well as a separate private storage unit off the laundry room nearby. Private balcony overlooking the city. Heated underground parking spot. Very well-established HOA. Rentals are allowed after owner has occupied unit for 2 yrs. Pet policy does not allow dogs or other pets besides a 2 cat maximum. FHA financing is not permitted.

25. 2021-03-31
    historical $177,000 640-char remark

    Show marketing remark (640 chars)

    Spacious & updated unit in great Mpls location. Wood laminate floor in dining, living, and kitchen. Granite countertops and updated kitchen cupboards & appliances. Newly installed based board heat in living and dining room. AC units in both living room and back bedroom. Lots of storage in the unit; as well as a separate private storage unit off the laundry room nearby. Private balcony overlooking the city. Heated underground parking spot. Very well-established HOA. Rentals are allowed after owner has occupied unit for 2 yrs. Pet policy does not allow dogs or other pets besides a 2 cat maximum. FHA financing is not permitted.

26. 2019-09-13
    soldstatus $177,000
27. 2019-09-06
    soldstatus $177,000 Sold
28. 2019-08-05
    status Pending
29. 2019-07-20
    historical
30. 2019-07-17
    listed $179,900 Active
31. 2019-05-31
    historical
32. 2019-02-26
    historical
33. 2019-02-26
    listed $184,900 Active
34. 2018-11-29
    listed $184,900 Active
35. 2018-09-27
    status Active
36. 2018-09-27
    historical
37. 2018-08-14
    historical
38. 2018-07-20
    listed $180,000 Active
39. 2014-05-29
    soldstatus $115,000
40. 2014-05-22
    soldstatus $115,000 Sold
41. 2014-05-22
    soldstatus $115,000
42. 2014-05-13
    status Pending
43. 2014-04-22
    listed Contingent - Subject to Statutory Rescission
44. 2014-04-22
    listed $115,000
45. 1983-05-01
    soldstatus $63,250

ⓘ 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: $1,979 · $165/mo
• Projected year-2 tax: $1,979 · $165/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: $19,356
• − Mortgage interest: −$8,957
• − Property taxes: −$1,979
• − Insurance: −$800
• − Repairs & maintenance: −$1,548
• − Management: −$1,548
• − HOA: −$5,964
• − Depreciation: −$4,652
• Taxable loss: −$6,092
• Est. tax savings @ 24.0%: +$1,462
• After-tax cash flow: $-2,051/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): 36,581
• Household income: $93,910
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1026.0

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 (70%)
• Race & ethnicity: White 70% Black 12% Two or more races 10% Hispanic / Latino 7% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 11% Romanian 3% Lithuanian 3%
• Foreign-born: 11% · Canada, South Korea
• Languages at home: 85% English-only · Spanish 4% Other Indo-European 1% Other Asian/Pacific 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: ▼ -397.38%
• Current HPI: 266.2546
• Rent YoY: ▲ 2.99%
• 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

+164.8% since first listed

32 events — show timeline

• 2026-05-14 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-05 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-09 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-05 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-31 Listed $167,500 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-29 Coming Soon $167,500 NORTHSTARMLS as Distributed by MLS Grid
• 2021-05-04 Sold (Public Records) $180,000 Public Records
• 2021-05-03 Sold (MLS) $180,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-04-07 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2021-04-03 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2021-04-02 Listed $177,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-03-31 Coming Soon $177,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-09-13 Sold (Public Records) $177,000 Public Records
• 2019-09-06 Sold (MLS) $177,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-08-05 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2019-07-20 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2019-07-17 Listed $179,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-05-31 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-26 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-26 Listed $184,900 NORTHSTARMLS as Distributed by MLS Grid
• 2018-11-29 Listed $184,900 NORTHSTARMLS as Distributed by MLS Grid
• 2018-09-27 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2018-09-27 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-08-14 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-07-20 Listed $180,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-05-29 Sold (Public Records) $115,000 Public Records
• 2014-05-22 Sold (MLS) $115,000 LSAR
• 2014-05-22 Sold (MLS) $115,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-05-13 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2014-04-22 Listed — NORTHSTARMLS as Distributed by MLS Grid
• 2014-04-22 Listed $115,000 LSAR
• 1983-05-01 Sold (Public Records) $63,250 Public Records

Property tax history

-0.4%/yr

Latest (2025): $1,979 · -6.4% YoY. Source: county tax records.