4120 Parklawn Ave #319 · Edina, MN
Flood risk 5/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.24%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $888 – $1,650
Heat risk 2/10 · Minimal
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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
- Schools +6.6/10.0
- 1% rule +6.1/10.0
- Cash flow +4.6/30.0
- Livability +4.0/5.0
- Rent growth +2.6/5.0
- Condition / age +2.5/5.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$129,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
The Heatherton of Edina Condominiums are located in the south-east corner of Edina, a first ring suburb of Minneapolis. It’s situated along Nine-Mile Creek Regional Trail, which crosses some of the most scenic wetlands and woodlands of south-western suburbs like Hopkins, Edina, Minnetonka, and Richfield. The property is less than a half-mile away from Centennial Lakes Park. MetroTransit Bus Route 6 stops directly in front of the Heatherton. The building is also about a quarter mile away from France Avenue, which is the main commercial corridor in Edina; Centennial Lakes commercial center is just a couple blocks away and Southdale Center, a retail hub that attracts people from across the Twin Cities region, is just over one mile away! This sunny 1 bedroom, 1 bathroom condo at the Heatherton building is well situated for a person who wants close access to the core cities, but also wants to come home to a suburban environment. The sloped ceiling in the living room peaks at just over 13 feet, creating a bright, airy ambiance and the passthrough opening between the kitchen and the living room adds an additional degree of openness. The sizeable bedroom and balcony in the unit add to the appeal. The amenities in the building include a new pool, a community room with a pool table, coin-operated laundry, an attached, conditioned parking garage with bicycle storage, and more!
Key facts
- France avenue
- Southdale center
- Sloped ceiling
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1-bed/1.0-bath condo listed at $129k.
Deal economics
- At list price, monthly cash flow is $-325 ($-4k/yr) — negative.
- To cash-flow at today's rent, offer at most $72k (44.5% below list).
- Meets the 1% rule at list price ($1k rent vs $129k).
- Recommended offer: $72k (44.5% below list) — sets the bar for cash-flow.
- Cap rate 3.3% vs local median 1.7% 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: crime A+, commute A+, employment A+; Watch: amenities F, cost of living F.
- Edina Public School District (suburban): math 69% / reading 75% proficiency, ranked #5 of 301 in MN (top 2%) — strong family-tenant draw, lease renewals of 3-5y typical; only 7% free/reduced lunch — higher-income household profile.
- Zoned schools: Normandale Elementary (math 76% / reading 79%, grade A, #21 of 857 statewide, top 3%, 657 students, 7% FRL); South View Middle (math 58% / reading 71%, grade A-, #14 of 258 statewide, top 6%, 987 students, 22% FRL); Edina Senior High (math 57% / reading 76%, grade B, #21 of 471 statewide, top 5%, 2,720 students, 20% FRL).
- Market conditions: Rents flat; 66 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 7d 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 $892 of loan paydown is wiped out by about $4k 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 346 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 26y 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 44% of rent.
- Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- 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?
- It's been on market 346 days. Have you received any prior offers? Is the seller open to a 44% concession, seller financing, or rate buy-down credit?
- Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.11% ✓
- Cap rate
- 3.27%
- Cash-on-cash
- -10.79%
- DSCR
- 0.52
- GRM
- 7.5
CMA / ARV
- ARV (median comp)
- $183,500
- List price
- $129,000
- Delta
- -29.70%
- Verdict
- UNDERPRICED
- Comps
- 2 within 2.0 mi
Projected returns pro-forma
-3.0% appreciation · 0.42% rent growth · sell at horizon
- IRR
- -41.1%
- Equity multiple
- -0.24×
- Total profit
- $-44,860
- Equity at exit
- $19,234
- IRR
- —
- Equity multiple
- -1.17×
- Total profit
- $-78,374
- Equity at exit
- $11,154
Cash invested: $36,120 (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
ZIP-level market 55435
- Rents YoY
- 0.4%
- Active inventory
- 66
- Price-to-rent
- 7.5×
Monthly cashflow live
- Estimated rent
- $1,438 high interval (Pro) →
- Mortgage (P&I)
- −$676
- Tax from tax record
- −$99 /mo · $1,193/yr
- Insurance
- −$54
- HOA
- −$631
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$302
- Net cashflow
- $-325
Break-even live
Sensitivity live
| Price | -10% $-252 | -5% $-288 | +0% $-325 | +5% $-361 | +10% $-398 |
|---|---|---|---|---|---|
| Rent | -10% $-438 | -5% $-382 | +0% $-325 | +5% $-268 | +10% $-211 |
| Rate | -1.0pp $-260 | -0.5pp $-292 | base $-325 | +0.5pp $-358 | +1.0pp $-392 |
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
- $32,250
- Closing costs
- $3,870
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4200 Parklawn Ave Unit 4205 Minneapolis, MN | 1.0 | 1.0 | 750 | $1,235 | $1.65 | 46d | 1 | 0.07mi |
| 4200 Parklawn Ave Unit 4207 Minneapolis, MN | 1.0 | 1.0 | 750 | $1,185 | $1.58 | 46d | 1 | 0.07mi |
| 4141 Parklawn Ave Minneapolis, MN | 1.0–2.0 | 1.0 | 820 | $1,299 | $1.58 | 7d | 8 | 0.08mi |
| 7340 Gallagher Dr Minneapolis, MN | 2.0 | 1.0–2.0 | 719 | $1,688 | $2.35 | 4d | 12 | 0.10mi |
| 4201 Parklawn Ave Unit 305 Minneapolis, MN | 1.0 | 1.0 | 827 | $1,295 | $1.57 | 26d | 1 | 0.10mi |
| 4251 Parklawn Ave Unit 106 Edina, MN | 1.0 | 1.0 | 700 | $1,245 | $1.78 | 46d | 1 | 0.12mi |
| 4480 Parklawn Ave Minneapolis, MN | 1.0–3.0 | 1.0–2.0 | 950 | $1,520 | $1.60 | 4d | 4 | 0.28mi |
| 7161 France Ave S Minneapolis, MN | 2.0 | 1.0–2.0 | 782 | $2,052 | $2.62 | 1d | 8 | 0.43mi |
| 7230 York Ave S Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 985 | $1,400 | $1.42 | 1d | 9 | 0.49mi |
| 3650 Hazelton Rd Minneapolis, MN | 2.0 | 1.0–2.5 | 1194 | $4,644 | $3.89 | 0d | 17 | 0.51mi |
| 7330 York Ave S #101 Minneapolis, MN | 1.0 | 1.0 | 700 | $1,295 | $1.85 | 46d | 1 | 0.53mi |
| 7330 York Ave S #101 Minneapolis, MN | 1.0 | 1.0 | 700 | $1,295 | $1.85 | 26d | 1 | 0.53mi |
| 4620 77th St W Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 856 | $1,859 | $2.17 | 0d | 30 | 0.54mi |
| 4040 W 70th St Minneapolis, MN | 1.0–2.0 | 1.0 | 834 | $1,184 | $1.42 | 4d | 7 | 0.55mi |
| 4660 77th St W Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 723 | $1,599 | $2.21 | 0d | 35 | 0.62mi |
| 3400 Edinborough Way Unit 617 Bloomington, MN | 2.0 | 2.0 | 925 | $2,140 | $2.31 | 6d | 1 | 0.68mi |
| 3400 Edinborough Way Unit 711 Bloomington, MN | 1.0 | 1.0 | 531 | $1,465 | $2.76 | 46d | 1 | 0.68mi |
| 3400 Edinborough Way Unit 609 Bloomington, MN | 1.0 | 1.0 | 531 | $1,425 | $2.68 | 20d | 1 | 0.68mi |
| 3400 Edinborough Way Unit 701 Bloomington, MN | 1.0 | 1.0 | 620 | $1,570 | $2.53 | 26d | 1 | 0.68mi |
| 3400 Edinborough Way Unit 709 Bloomington, MN | 1.0 | 1.0 | 531 | $1,445 | $2.72 | 46d | 1 | 0.68mi |
| 3400 Edinborough Way Unit 601 Bloomington, MN | 1.0 | 1.0 | 620 | $1,580 | $2.55 | 20d | 1 | 0.68mi |
| 7201 York Ave S Minneapolis, MN | 1.0–3.0 | 1.0–3.0 | 1135 | $1,640 | $1.44 | 0d | 16 | 0.69mi |
| 6725 York Ave S Minneapolis, MN | 2.0 | 1.0–2.0 | 994 | $2,335 | $2.35 | 0d | 18 | 1.07mi |
| 8045 Xerxes Ave S Unit G1 Minneapolis, MN | 1.0 | 1.0 | 676 | $1,005 | $1.49 | 1d | 1 | 1.07mi |
| 5100 W 82nd St Minneapolis, MN | 2.0 | 1.0–2.0 | 870 | $1,865 | $2.14 | 1d | 15 | 1.11mi |
| 7400 Penn Ave S Minneapolis, MN | 1.0–2.0 | 1.0 | 725 | $1,175 | $1.62 | 18d | 2 | 1.18mi |
| 3250 W 66th St Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 904 | $1,830 | $2.02 | 1d | 3 | 1.20mi |
| 6705 Vincent Ave S Minneapolis, MN | 2.0 | 2.0 | 1050 | $2,075 | $1.98 | 46d | 1 | 1.20mi |
| 8200 Stanley Rd Minneapolis, MN | 1.0–2.0 | 1.0 | 790 | $1,205 | $1.52 | 5d | 6 | 1.21mi |
| 7421 Penn Ave S Apt 7 Minneapolis, MN | 1.0 | 1.0 | 680 | $1,050 | $1.54 | 26d | 1 | 1.21mi |
| 7620 Penn Ave S Minneapolis, MN | 1.0 | 1.0 | 662 | $1,282 | $1.94 | 1d | 75 | 1.21mi |
| 7501 Penn Ave S Minneapolis, MN | 1.0 | 1.0 | 608 | $995 | $1.64 | 15d | 1 | 1.22mi |
| 7515 Penn Ave S Unit 7515-101 Minneapolis, MN | 1.0 | 1.0 | 608 | $995 | $1.64 | 26d | 1 | 1.22mi |
| 7444 Oliver Ave S Minneapolis, MN | 1.0 | 1.0 | 700 | $1,095 | $1.56 | 4d | 1 | 1.25mi |
| 7520 Oliver Ave S Unit 10 Minneapolis, MN | 1.0 | 1.0 | 550 | $985 | $1.79 | 20d | 1 | 1.25mi |
| 6400 Barrie Rd Minneapolis, MN | 1.0–3.0 | 1.0–2.0 | 1015 | $1,440 | $1.42 | 1d | 11 | 1.29mi |
| 6455 York Ave S Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 1121 | $1,595 | $1.42 | 5d | 4 | 1.33mi |
| 6455 York Ave S Minneapolis, MN | 1.0 | 1.0 | 982 | $1,499 | $1.53 | 46d | 2 | 1.33mi |
| 8101 Normandale Lake Blvd Minneapolis, MN | 2.0 | 1.0–2.0 | 918 | $2,256 | $2.46 | 0d | 21 | 1.35mi |
| 8050 Queen Ave S Minneapolis, MN | 1.0 | 1.0 | 700 | $1,250 | $1.79 | 15d | 1 | 1.36mi |
HOA detail condo
- Monthly dues
- $631 · $7,572/yr
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 36 events
-
2026-06-18days on market $129,000 Active 346 DOM
-
2026-06-17days on market $129,000 Active 345 DOM
-
2026-06-16days on market $129,000 Active 344 DOM
-
2026-06-15days on market $129,000 Active 343 DOM
-
2026-06-13days on market $129,000 Active 341 DOM
-
2026-06-13days on market $129,000 Active 340 DOM
-
2026-06-09days on market $129,000 Active 337 DOM
-
2026-06-08days on market $129,000 Active 336 DOM
-
2026-06-07days on market $129,000 Active 335 DOM
-
2026-06-04days on market $129,000 Active 332 DOM
-
2026-06-03days on market $129,000 Active 331 DOM
-
2026-06-02days on market $129,000 Active 330 DOM
-
2026-06-01days on market $129,000 Active 329 DOM
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2026-05-31days on market $129,000 Active 328 DOM
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2025-12-02price $129,000 1394-char remark
Show marketing remark (1394 chars)
The Heatherton of Edina Condominiums are located in the south-east corner of Edina, a first ring suburb of Minneapolis. It’s situated along Nine-Mile Creek Regional Trail, which crosses some of the most scenic wetlands and woodlands of south-western suburbs like Hopkins, Edina, Minnetonka, and Richfield. The property is less than a half-mile away from Centennial Lakes Park. MetroTransit Bus Route 6 stops directly in front of the Heatherton. The building is also about a quarter mile away from France Avenue, which is the main commercial corridor in Edina; Centennial Lakes commercial center is just a couple blocks away and Southdale Center, a retail hub that attracts people from across the Twin Cities region, is just over one mile away! This sunny 1 bedroom, 1 bathroom condo at the Heatherton building is well situated for a person who wants close access to the core cities, but also wants to come home to a suburban environment. The sloped ceiling in the living room peaks at just over 13 feet, creating a bright, airy ambiance and the passthrough opening between the kitchen and the living room adds an additional degree of openness. The sizeable bedroom and balcony in the unit add to the appeal. The amenities in the building include a new pool, a community room with a pool table, coin-operated laundry, an attached, conditioned parking garage with bicycle storage, and more!
-
2025-07-07$130,000 Active 1394-char remark
Show marketing remark (1394 chars)
The Heatherton of Edina Condominiums are located in the south-east corner of Edina, a first ring suburb of Minneapolis. It’s situated along Nine-Mile Creek Regional Trail, which crosses some of the most scenic wetlands and woodlands of south-western suburbs like Hopkins, Edina, Minnetonka, and Richfield. The property is less than a half-mile away from Centennial Lakes Park. MetroTransit Bus Route 6 stops directly in front of the Heatherton. The building is also about a quarter mile away from France Avenue, which is the main commercial corridor in Edina; Centennial Lakes commercial center is just a couple blocks away and Southdale Center, a retail hub that attracts people from across the Twin Cities region, is just over one mile away! This sunny 1 bedroom, 1 bathroom condo at the Heatherton building is well situated for a person who wants close access to the core cities, but also wants to come home to a suburban environment. The sloped ceiling in the living room peaks at just over 13 feet, creating a bright, airy ambiance and the passthrough opening between the kitchen and the living room adds an additional degree of openness. The sizeable bedroom and balcony in the unit add to the appeal. The amenities in the building include a new pool, a community room with a pool table, coin-operated laundry, an attached, conditioned parking garage with bicycle storage, and more!
-
2023-11-06soldstatus $132,000 Sold 808-char remark
Show marketing remark (808 chars)
You are going to fall in love with this one bedroom condo with vaulted ceilings on the third floor. It is move-in ready and features modern engineered flooring and carpet. The white trim/doors and grey paint flow nicely through most of the unit. Generous size balcony deck that looks out on the southern side of the property at trees and grass and other beautiful sites from the 3rd floor. Laundry and a storage unit are located just down the hall. The heated garage will keep your car warm all winter and cooler in the summer. Enjoy the shared carwash station as well. This building is located close to everything you might need like shops, restaurants, outdoor and indoor activities and even the bus line! New pool is currently under construction! Reserves are covering the remodel according to management.
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2023-11-06soldstatus $132,000
Show marketing remark (808 chars)
You are going to fall in love with this one bedroom condo with vaulted ceilings on the third floor. It is move-in ready and features modern engineered flooring and carpet. The white trim/doors and grey paint flow nicely through most of the unit. Generous size balcony deck that looks out on the southern side of the property at trees and grass and other beautiful sites from the 3rd floor. Laundry and a storage unit are located just down the hall. The heated garage will keep your car warm all winter and cooler in the summer. Enjoy the shared carwash station as well. This building is located close to everything you might need like shops, restaurants, outdoor and indoor activities and even the bus line! New pool is currently under construction! Reserves are covering the remodel according to management.
-
2023-10-31status Pending 808-char remark
Show marketing remark (808 chars)
You are going to fall in love with this one bedroom condo with vaulted ceilings on the third floor. It is move-in ready and features modern engineered flooring and carpet. The white trim/doors and grey paint flow nicely through most of the unit. Generous size balcony deck that looks out on the southern side of the property at trees and grass and other beautiful sites from the 3rd floor. Laundry and a storage unit are located just down the hall. The heated garage will keep your car warm all winter and cooler in the summer. Enjoy the shared carwash station as well. This building is located close to everything you might need like shops, restaurants, outdoor and indoor activities and even the bus line! New pool is currently under construction! Reserves are covering the remodel according to management.
-
2023-10-12historical Contingent - Inspection 808-char remark
Show marketing remark (808 chars)
You are going to fall in love with this one bedroom condo with vaulted ceilings on the third floor. It is move-in ready and features modern engineered flooring and carpet. The white trim/doors and grey paint flow nicely through most of the unit. Generous size balcony deck that looks out on the southern side of the property at trees and grass and other beautiful sites from the 3rd floor. Laundry and a storage unit are located just down the hall. The heated garage will keep your car warm all winter and cooler in the summer. Enjoy the shared carwash station as well. This building is located close to everything you might need like shops, restaurants, outdoor and indoor activities and even the bus line! New pool is currently under construction! Reserves are covering the remodel according to management.
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2023-09-27$135,000 Active 808-char remark
Show marketing remark (808 chars)
You are going to fall in love with this one bedroom condo with vaulted ceilings on the third floor. It is move-in ready and features modern engineered flooring and carpet. The white trim/doors and grey paint flow nicely through most of the unit. Generous size balcony deck that looks out on the southern side of the property at trees and grass and other beautiful sites from the 3rd floor. Laundry and a storage unit are located just down the hall. The heated garage will keep your car warm all winter and cooler in the summer. Enjoy the shared carwash station as well. This building is located close to everything you might need like shops, restaurants, outdoor and indoor activities and even the bus line! New pool is currently under construction! Reserves are covering the remodel according to management.
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2023-09-26historical $135,000 808-char remark
Show marketing remark (808 chars)
You are going to fall in love with this one bedroom condo with vaulted ceilings on the third floor. It is move-in ready and features modern engineered flooring and carpet. The white trim/doors and grey paint flow nicely through most of the unit. Generous size balcony deck that looks out on the southern side of the property at trees and grass and other beautiful sites from the 3rd floor. Laundry and a storage unit are located just down the hall. The heated garage will keep your car warm all winter and cooler in the summer. Enjoy the shared carwash station as well. This building is located close to everything you might need like shops, restaurants, outdoor and indoor activities and even the bus line! New pool is currently under construction! Reserves are covering the remodel according to management.
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2017-05-09soldstatus $100,000
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2017-05-05soldstatus $100,000 Sold
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2017-04-27status Pending
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2017-04-24historical Contingent - Inspection
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2017-04-20$92,900 Active
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2004-05-28soldstatus $114,000
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2004-04-30soldstatus $114,000
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2004-03-23historical
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2004-03-08$114,900
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2000-06-26soldstatus $86,500
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2000-06-26soldstatus $86,500
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2000-05-31historical
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2000-05-23$87,500
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1983-03-01soldstatus $52,500
ⓘ 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
- $1,193 · $99/mo
- Projected year-2 tax
- $1,319 · $110/mo
- Expected delta
- +$126/yr (+$10/mo · 10.6%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 5/10 Major FEMA zone X (unshaded) · 24% 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $17,253
- − Mortgage interest
- −$7,226
- − Property taxes
- −$1,193
- − Insurance
- −$645
- − Repairs & maintenance
- −$1,380
- − Management
- −$1,380
- − HOA
- −$7,572
- − Depreciation
- −$3,753
- Taxable loss
- −$5,896
- Est. tax savings @ 24.0%
- +$1,415
- After-tax cash flow
- $-2,483/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
- Edina Public School District
- NCES district ID
- 2711250
- Math proficiency
- 69% ▼ -8.00%
- Reading proficiency
- 75% ▼ -2.00%
- Median HH income
- $100,093
- Composite
- 65.8/100
- National rank
- #456
- State rank
- #5 of 301 in MN
Livability — Edina
- Score
- 80/100
- State rank
- #82
- US rank
- #1926
Category grades
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
- 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 |
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| Retail | 2 | $150B |
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| Consumer Goods | 2 | $32B |
|
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| Industrial Machinery | 2 | $6B |
|
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| Agriculture | 1 | $40B |
|
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| Healthcare / Medical Devices | 1 | $32B |
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Price history
+145.7% since first listed22 events — show timeline
- 2025-12-02 Price Changed $129,000 NORTHSTARMLS as Distributed by MLS Grid
- 2025-07-07 Listed $130,000 NORTHSTARMLS as Distributed by MLS Grid
- 2023-11-06 Sold (Public Records) $132,000 Public Records
- 2023-11-06 Sold (MLS) $132,000 NORTHSTARMLS as Distributed by MLS Grid
- 2023-10-31 Pending — NORTHSTARMLS as Distributed by MLS Grid
- 2023-10-12 Contingent — NORTHSTARMLS as Distributed by MLS Grid
- 2023-09-27 Listed $135,000 NORTHSTARMLS as Distributed by MLS Grid
- 2023-09-26 Coming Soon $135,000 NORTHSTARMLS as Distributed by MLS Grid
- 2017-05-09 Sold (Public Records) $100,000 Public Records
- 2017-05-05 Sold (MLS) $100,000 NORTHSTARMLS as Distributed by MLS Grid
- 2017-04-27 Pending — NORTHSTARMLS as Distributed by MLS Grid
- 2017-04-24 Contingent — NORTHSTARMLS as Distributed by MLS Grid
- 2017-04-20 Listed $92,900 NORTHSTARMLS as Distributed by MLS Grid
- 2004-05-28 Sold (Public Records) $114,000 Public Records
- 2004-04-30 Sold (MLS) $114,000 NORTHSTARMLS as Distributed by MLS Grid
- 2004-03-23 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 2004-03-08 Listed $114,900 NORTHSTARMLS as Distributed by MLS Grid
- 2000-06-26 Sold (Public Records) $86,500 Public Records
- 2000-06-26 Sold (MLS) $86,500 NORTHSTARMLS as Distributed by MLS Grid
- 2000-05-31 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 2000-05-23 Listed $87,500 NORTHSTARMLS as Distributed by MLS Grid
- 1983-03-01 Sold (Public Records) $52,500 Public Records
Property tax history
+6.3%/yrLatest (2025): $1,193 · -15.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…