3114 Russell Ave N · Minneapolis, MN
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $888 – $1,650
Heat risk 2/10 · Minimal
- Hot days now (above 99°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 +13.5/15.0
- Cash flow +11.0/30.0
- Rent growth +4.3/5.0
- Livability +3.9/5.0
- Schools +3.5/10.0
- DSCR +3.2/10.0
- 1% rule +2.7/10.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$239,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Great 4-bedroom, 2-bath home with 2 bedrooms upstairs and 2 on the main level. Full bath upstairs and half bath on the main. Includes a spacious 2-car detached garage and one extra parking spot. Convenient location with easy access to public transportation, downtown, and major roads. Perfect for commuters!
Key facts
- 5,227 sq ft lot
- 2 garage spots
- Built 1900
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $240k.
Deal economics
- At list price, monthly cash flow is $-103 ($-1k/yr) — negative.
- To cash-flow at today's rent, offer at most $222k (7.6% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $185k (22.8% below list).
- Recommended offer: $185k (22.8% below list) — sets the bar for 1% rule.
- Cap rate 5.8% 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.
- Zoned schools: Lucy Laney Elementary (math 8% / reading 17%, grade F, #800 of 857 statewide, top 95%, 339 students, 89% FRL); Franklin Middle (math 2% / reading 8%, grade F, #255 of 258 statewide, top 100%, 287 students, 89% FRL); Henry High (reading 70%, 858 students, 80% FRL) — zoned schools average 86% FRL vs 58% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 9% at this address vs 40% district-wide (-32 pts) — the specific schools serving this property underperform the Minneapolis Public School District average; the district grade overstates school quality for this exact location.
- Market conditions: Rents rising fast (+7.3%/yr); 133 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 37% of the median local income ($60k/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 366 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
- 9 sale attempts since 30y ago; this cycle's ask is 13609% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
- Current owner paid $200k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
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 366 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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.
- 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?
- 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 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
- 0.77% ✗
- Cap rate
- 5.78%
- Cash-on-cash
- -1.84%
- DSCR
- 0.92
- GRM
- 10.8
CMA / ARV
- ARV (median comp)
- $276,689
- List price
- $239,900
- Delta
- -13.30%
- Verdict
- UNDERPRICED
- Comps
- 13 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 | 0.29mi | 3/2.0 | 1,080 (-8%) | 13mo | $214,500 | $199 | 58 |
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 · 7.35% rent growth · sell at horizon
- IRR
- -14.9%
- Equity multiple
- 0.45×
- Total profit
- $-36,984
- Equity at exit
- $35,770
- IRR
- -0.5%
- Equity multiple
- 0.96×
- Total profit
- $-2,755
- Equity at exit
- $20,742
Cash invested: $67,172 (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
ZIP-level market 55411
- Home prices YoY
- -8.7%
- Rents YoY
- 7.3%
- Active inventory
- 133
- Price-to-rent
- 10.8×
Monthly cashflow live
- Estimated rent
- $1,852 high interval (Pro) →
- Mortgage (P&I)
- −$1,258
- Tax from tax record
- −$208 /mo · $2,498/yr
- Insurance
- −$100
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$389
- Net cashflow
- $-103
Break-even live
Sensitivity live
| Price | -10% $33 | -5% $-35 | +0% $-103 | +5% $-171 | +10% $-239 |
|---|---|---|---|---|---|
| Rent | -10% $-249 | -5% $-176 | +0% $-103 | +5% $-30 | +10% $44 |
| Rate | -1.0pp $18 | -0.5pp $-42 | base $-103 | +0.5pp $-165 | +1.0pp $-228 |
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
- $59,975
- Closing costs
- $7,197
- 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 |
|---|---|---|---|---|---|---|---|---|
| 3114 Morgan Ave N Minneapolis, MN | 4.0 | 2.0 | 1362 | $2,000 | $1.47 | 16d | 1 | 0.33mi |
| 2947 Morgan Ave N Minneapolis, MN | 2.0 | 1.0 | 1106 | $1,950 | $1.76 | 1d | 1 | 0.34mi |
| 2947 Morgan Ave N Minneapolis, MN | 2.0 | 1.0 | 1106 | $1,950 | $1.76 | 15d | 1 | 0.34mi |
| 3255 N Logan Ave Unit 2 Minneapolis, MN | 2.0 | 1.0 | 900 | $995 | $1.11 | 19d | 1 | 0.39mi |
| 3315 James Ave N Minneapolis, MN | 4.0 | 1.0 | 1400 | $2,100 | $1.50 | 5d | 1 | 0.52mi |
| 2323 26th Ave N Minneapolis, MN | 2.0 | 1.0 | 807 | $1,717 | $2.13 | 16d | 3 | 0.52mi |
| 2356 N Thomas Ave Unit 2 Minneapolis, MN | 3.0 | 1.0 | 1000 | $1,800 | $1.80 | 45d | 1 | 0.62mi |
| 3105 N Girard Ave Unit 2 Minneapolis, MN | 4.0 | 1.0 | 1250 | $2,300 | $1.84 | 26d | 1 | 0.68mi |
| 2703 Humboldt Ave N Minneapolis, MN | 3.0 | 1.0 | 1218 | $1,450 | $1.19 | 23d | 1 | 0.71mi |
| 2324 Logan Ave N Minneapolis, MN | 4.0 | 1.5 | 1400 | $2,300 | $1.64 | 46d | 1 | 0.75mi |
| 2211 Queen Ave N Unit 1 Minneapolis, MN | 3.0 | 1.0 | 983 | $1,695 | $1.72 | 19d | 1 | 0.77mi |
| 2000 W Broadway Ave Minneapolis, MN | 2.0 | 1.0 | 952 | $1,350 | $1.42 | 9d | 4 | 0.83mi |
| 2620 Emerson Ave N Minneapolis, MN | 3.0 | 1.0 | 877 | $1,900 | $2.17 | 1d | 1 | 0.94mi |
| 1510 N 22nd Ave #1 Minneapolis, MN | 3.0 | 1.0 | 1500 | $1,875 | $1.25 | 23d | 1 | 0.94mi |
| 1510 N 22nd Ave #1 Minneapolis, MN | 3.0 | 1.0 | 1500 | $1,875 | $1.25 | 5d | 1 | 0.94mi |
| 1523 22nd Ave N Minneapolis, MN | 3.0 | 1.0 | 943 | $1,695 | $1.80 | 16d | 1 | 0.96mi |
| 2600 France Ave N Unit 2600 Minneapolis, MN | 2.0 | 1.5 | 1100 | $1,599 | $1.45 | 6d | 1 | 0.97mi |
| 2900 N Colfax Ave Unit 2 Minneapolis, MN | 2.0 | 1.0 | 1200 | $1,345 | $1.12 | 26d | 1 | 0.98mi |
| 3419 Grimes Ave N Minneapolis, MN | 3.0 | 1.5 | 1300 | $2,050 | $1.58 | 45d | 1 | 0.99mi |
| 2411 Golden Valley Rd Unit 2 Minneapolis, MN | 4.0 | 2.0 | 1200 | $2,395 | $2.00 | 16d | 1 | 1.00mi |
| 3753 Girard Ave N Minneapolis, MN | 1.0–2.0 | 1.0 | 687 | $1,450 | $2.11 | 19d | 8 | 1.00mi |
| 1315 N Dowling Ave Unit 308 Minneapolis, MN | 2.0 | 1.0 | 800 | $1,450 | $1.81 | 23d | 1 | 1.03mi |
| 1315 N Dowling Ave Unit 304 Minneapolis, MN | 2.0 | 1.0 | 900 | $1,450 | $1.61 | 5d | 1 | 1.03mi |
| 1816 Zephyr Pl Minneapolis, MN | 3.0 | 1.0 | 1120 | $2,050 | $1.83 | 45d | 1 | 1.09mi |
| 2124 Fremont Ave N Minneapolis, MN | 2.0 | 1.0 | 1050 | $1,580 | $1.50 | 3d | 1 | 1.12mi |
| 3711 W Broadway Ave Minneapolis, MN | 1.0–2.0 | 1.0 | 675 | $1,149 | $1.70 | 26d | 1 | 1.13mi |
| 1649 Russell Ave N Unit 2 Minneapolis, MN | 3.0 | 1.0 | 1011 | $1,650 | $1.63 | 0d | 1 | 1.13mi |
| 1649 Russell Ave N Unit 2 Minneapolis, MN | 3.0 | 1.0 | 1011 | $1,700 | $1.68 | 21d | 1 | 1.13mi |
| 3211 N 6th St Unit 2 Minneapolis, MN | 4.0 | 1.0 | 900 | $1,450 | $1.61 | 26d | 1 | 1.18mi |
| 414 N 33rd Ave Unit 2 Minneapolis, MN | 2.0 | 1.0 | 1246 | $1,600 | $1.28 | 45d | 1 | 1.24mi |
| 3737 Hubbard Ave N Minneapolis, MN | 2.0 | 1.0 | 1000 | $1,299 | $1.30 | 18d | 1 | 1.27mi |
| 3737 Hubbard Ave N Unit 3737-204 Robbinsdale, MN | 2.0 | 1.0 | 1000 | $1,299 | $1.30 | 6d | 1 | 1.27mi |
| 4024 37th Ave N Unit 4024-204 Minneapolis, MN | 2.0 | 1.0 | 1000 | $1,299 | $1.30 | 5d | 1 | 1.28mi |
| 4024 37th Ave N Minneapolis, MN | 2.0 | 1.0 | 1000 | $1,299 | $1.30 | 6d | 2 | 1.28mi |
| 4028 37th Ave N Unit 4028-202 Minneapolis, MN | 2.0 | 1.0 | 1000 | $1,299 | $1.30 | 18d | 1 | 1.28mi |
| 1507 N Newton Ave Unit 2 Minneapolis, MN | 4.0 | 1.0 | 1068 | $1,499 | $1.40 | 45d | 1 | 1.31mi |
| 4036 37th Ave N Robbinsdale, MN | 2.0 | 1.0 | 1000 | $1,195 | $1.20 | 45d | 1 | 1.33mi |
| 4032 37th Ave N Unit 4032-201 Robbinsdale, MN | 2.0 | 1.0 | 1000 | $1,299 | $1.30 | 26d | 1 | 1.34mi |
| 3001 N 3rd St Apt 1 Minneapolis, MN | 2.0 | 1.0 | 900 | $1,250 | $1.39 | 22d | 1 | 1.34mi |
| 318 N 27th Ave #2 Minneapolis, MN | 3.0 | 1.0 | 1200 | $1,800 | $1.50 | 45d | 1 | 1.36mi |
Listing history 50 events
-
2026-06-21days on market $239,900 Active 366 DOM
-
2026-06-18days on market $239,900 Active 363 DOM
-
2026-06-17days on market $239,900 Active 362 DOM
-
2026-06-16days on market $239,900 Active 361 DOM
-
2026-06-15days on market $239,900 Active 360 DOM
-
2026-06-13days on market $239,900 Active 358 DOM
-
2026-06-09days on market $239,900 Active 354 DOM
-
2026-06-08days on market $239,900 Active 353 DOM
-
2026-06-07days on market $239,900 Active 352 DOM
-
2026-06-04days on market $239,900 Active 349 DOM
-
2026-06-03days on market $239,900 Active 348 DOM
-
2026-06-02days on market $239,900 Active 347 DOM
-
2026-06-01days on market $239,900 Active 346 DOM
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2026-05-31days on market $239,900 Active 345 DOM
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2025-12-26historical $1,750
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2025-12-24$1,750
-
2025-10-01price $239,900 307-char remark
Show marketing remark (307 chars)
Great 4-bedroom, 2-bath home with 2 bedrooms upstairs and 2 on the main level. Full bath upstairs and half bath on the main. Includes a spacious 2-car detached garage and one extra parking spot. Convenient location with easy access to public transportation, downtown, and major roads. Perfect for commuters!
-
2025-09-23price $244,900 307-char remark
Show marketing remark (307 chars)
Great 4-bedroom, 2-bath home with 2 bedrooms upstairs and 2 on the main level. Full bath upstairs and half bath on the main. Includes a spacious 2-car detached garage and one extra parking spot. Convenient location with easy access to public transportation, downtown, and major roads. Perfect for commuters!
-
2025-07-14price $249,900 307-char remark
Show marketing remark (307 chars)
Great 4-bedroom, 2-bath home with 2 bedrooms upstairs and 2 on the main level. Full bath upstairs and half bath on the main. Includes a spacious 2-car detached garage and one extra parking spot. Convenient location with easy access to public transportation, downtown, and major roads. Perfect for commuters!
-
2025-06-20$259,900 Active 307-char remark
Show marketing remark (307 chars)
Great 4-bedroom, 2-bath home with 2 bedrooms upstairs and 2 on the main level. Full bath upstairs and half bath on the main. Includes a spacious 2-car detached garage and one extra parking spot. Convenient location with easy access to public transportation, downtown, and major roads. Perfect for commuters!
-
2023-06-20soldstatus $200,000
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2023-06-12soldstatus $200,000 Sold 522-char remark
Show marketing remark (522 chars)
Great investment opportunity in the Jordan neighborhood of Minneapolis. Natural woodwork and wood floors throughout the property. There are 4 beds, 2 up and 2 on the main level, with a full bath on the upper level and half bath on the main level. Laundry hookup on the upper level. Spacious 2-car detached garage and one additional parking spot. Location makes it easy to hop on public transportation, get to downtown, and easy access to major roadways. This property is looking for an investor to make it an amazing home.
-
2023-05-15status Pending 522-char remark
Show marketing remark (522 chars)
Great investment opportunity in the Jordan neighborhood of Minneapolis. Natural woodwork and wood floors throughout the property. There are 4 beds, 2 up and 2 on the main level, with a full bath on the upper level and half bath on the main level. Laundry hookup on the upper level. Spacious 2-car detached garage and one additional parking spot. Location makes it easy to hop on public transportation, get to downtown, and easy access to major roadways. This property is looking for an investor to make it an amazing home.
-
2023-05-11historical Contingent - Inspection 522-char remark
Show marketing remark (522 chars)
Great investment opportunity in the Jordan neighborhood of Minneapolis. Natural woodwork and wood floors throughout the property. There are 4 beds, 2 up and 2 on the main level, with a full bath on the upper level and half bath on the main level. Laundry hookup on the upper level. Spacious 2-car detached garage and one additional parking spot. Location makes it easy to hop on public transportation, get to downtown, and easy access to major roadways. This property is looking for an investor to make it an amazing home.
-
2023-05-03price $199,000 522-char remark
Show marketing remark (522 chars)
Great investment opportunity in the Jordan neighborhood of Minneapolis. Natural woodwork and wood floors throughout the property. There are 4 beds, 2 up and 2 on the main level, with a full bath on the upper level and half bath on the main level. Laundry hookup on the upper level. Spacious 2-car detached garage and one additional parking spot. Location makes it easy to hop on public transportation, get to downtown, and easy access to major roadways. This property is looking for an investor to make it an amazing home.
-
2023-04-24status Active 522-char remark
Show marketing remark (522 chars)
Great investment opportunity in the Jordan neighborhood of Minneapolis. Natural woodwork and wood floors throughout the property. There are 4 beds, 2 up and 2 on the main level, with a full bath on the upper level and half bath on the main level. Laundry hookup on the upper level. Spacious 2-car detached garage and one additional parking spot. Location makes it easy to hop on public transportation, get to downtown, and easy access to major roadways. This property is looking for an investor to make it an amazing home.
-
2023-04-16historical Contingent - Inspection 522-char remark
Show marketing remark (522 chars)
Great investment opportunity in the Jordan neighborhood of Minneapolis. Natural woodwork and wood floors throughout the property. There are 4 beds, 2 up and 2 on the main level, with a full bath on the upper level and half bath on the main level. Laundry hookup on the upper level. Spacious 2-car detached garage and one additional parking spot. Location makes it easy to hop on public transportation, get to downtown, and easy access to major roadways. This property is looking for an investor to make it an amazing home.
-
2023-04-04price $205,000 522-char remark
Show marketing remark (522 chars)
Great investment opportunity in the Jordan neighborhood of Minneapolis. Natural woodwork and wood floors throughout the property. There are 4 beds, 2 up and 2 on the main level, with a full bath on the upper level and half bath on the main level. Laundry hookup on the upper level. Spacious 2-car detached garage and one additional parking spot. Location makes it easy to hop on public transportation, get to downtown, and easy access to major roadways. This property is looking for an investor to make it an amazing home.
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2023-03-03$215,000 Active 522-char remark
Show marketing remark (522 chars)
Great investment opportunity in the Jordan neighborhood of Minneapolis. Natural woodwork and wood floors throughout the property. There are 4 beds, 2 up and 2 on the main level, with a full bath on the upper level and half bath on the main level. Laundry hookup on the upper level. Spacious 2-car detached garage and one additional parking spot. Location makes it easy to hop on public transportation, get to downtown, and easy access to major roadways. This property is looking for an investor to make it an amazing home.
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2017-04-03soldstatus $108,000
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2017-03-28soldstatus $120,000 Sold
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2017-03-22status Pending
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2017-03-16historical Contingent - Inspection
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2017-03-01price $117,900
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2017-02-13price $119,900
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2017-02-07price $124,900
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2017-01-30price $129,900
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2017-01-27$134,900 Active
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2010-03-16historical
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2009-07-28$134,900
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2008-07-01soldstatus $22,500
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2008-07-01soldstatus $22,500
-
2008-05-08historical
-
2008-04-28$29,900
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2008-04-28$29,900
-
2006-09-20soldstatus $202,000
-
2004-01-13soldstatus $145,000
-
2003-03-26soldstatus $85,000
-
1996-11-14soldstatus $65,000
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1996-10-29soldstatus $32,000
ⓘ 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
- $2,498 · $208/mo
- Projected year-2 tax
- $2,593 · $216/mo
- Expected delta
- +$94/yr (+$8/mo · 3.8%)
ⓘ 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $22,230
- − Mortgage interest
- −$13,438
- − Property taxes
- −$2,498
- − Insurance
- −$1,200
- − Repairs & maintenance
- −$1,778
- − Management
- −$1,778
- − Depreciation
- −$6,979
- Taxable loss
- −$5,442
- Est. tax savings @ 24.0%
- +$1,306
- After-tax cash flow
- $73/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
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)
- 27,741
- Household income
- $60,225
- Rent vs Own
- Severe rent burden
- 1826.0
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
- Diverse neighborhood (Simpson 0.68)
- Race & ethnicity
- Black 49% White 23% Two or more races 11% Hispanic / Latino 11% Asian 9%
- Hispanic origin (detail)
- Mexican 7% Puerto Rican 1%
- Common ancestry
- Portuguese 3% Lithuanian 2% Italian 1%
- Foreign-born
- 19% · Canada, Guatemala
- Languages at home
- 68% English-only · Other Asian/Pacific 8% Spanish 8%
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
- ▼ -33.91%
- Current HPI
- 356.6758
- Rent YoY
- ▲ 7.35%
- 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 |
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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
-95.6% since first listed38 events — show timeline
- 2025-12-26 Rental Removed $1,750 RENTALBEAST
- 2025-12-24 Listed for Rent $1,750 RENTALBEAST
- 2025-10-01 Price Changed $239,900 NORTHSTARMLS as Distributed by MLS Grid
- 2025-09-23 Price Changed $244,900 NORTHSTARMLS as Distributed by MLS Grid
- 2025-07-14 Price Changed $249,900 NORTHSTARMLS as Distributed by MLS Grid
- 2025-06-20 Listed $259,900 NORTHSTARMLS as Distributed by MLS Grid
- 2023-06-20 Sold (Public Records) $200,000 Public Records
- 2023-06-12 Sold (MLS) $200,000 NORTHSTARMLS as Distributed by MLS Grid
- 2023-05-15 Pending — NORTHSTARMLS as Distributed by MLS Grid
- 2023-05-11 Contingent — NORTHSTARMLS as Distributed by MLS Grid
- 2023-05-03 Price Changed $199,000 NORTHSTARMLS as Distributed by MLS Grid
- 2023-04-24 Relisted — NORTHSTARMLS as Distributed by MLS Grid
- 2023-04-16 Contingent — NORTHSTARMLS as Distributed by MLS Grid
- 2023-04-04 Price Changed $205,000 NORTHSTARMLS as Distributed by MLS Grid
- 2023-03-03 Listed $215,000 NORTHSTARMLS as Distributed by MLS Grid
- 2017-04-03 Sold (Public Records) $108,000 Public Records
- 2017-03-28 Sold (MLS) $120,000 NORTHSTARMLS as Distributed by MLS Grid
- 2017-03-22 Pending — NORTHSTARMLS as Distributed by MLS Grid
- 2017-03-16 Contingent — NORTHSTARMLS as Distributed by MLS Grid
- 2017-03-01 Price Changed $117,900 NORTHSTARMLS as Distributed by MLS Grid
- 2017-02-13 Price Changed $119,900 NORTHSTARMLS as Distributed by MLS Grid
- 2017-02-07 Price Changed $124,900 NORTHSTARMLS as Distributed by MLS Grid
- 2017-01-30 Price Changed $129,900 NORTHSTARMLS as Distributed by MLS Grid
- 2017-01-27 Listed $134,900 NORTHSTARMLS as Distributed by MLS Grid
- 2010-03-16 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 2009-07-28 Listed $134,900 NORTHSTARMLS as Distributed by MLS Grid
- 2008-07-01 Sold (MLS) $22,500 NORTHSTARMLS as Distributed by MLS Grid
- 2008-07-01 Sold (MLS) $22,500 NORTHSTARMLS as Distributed by MLS Grid
- 2008-05-08 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 2008-04-28 Listed $29,900 NORTHSTARMLS as Distributed by MLS Grid
- 2008-04-28 Listed $29,900 NORTHSTARMLS as Distributed by MLS Grid
- 2006-09-20 Sold (Public Records) $202,000 Public Records
- 2004-01-13 Sold (Public Records) $145,000 Public Records
- 2003-03-26 Sold (Public Records) $85,000 Public Records
- 1996-11-14 Sold (Public Records) $65,000 Public Records
- 1996-10-29 Sold (MLS) $32,000 NORTHSTARMLS as Distributed by MLS Grid
- 1996-10-03 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 1996-08-22 Listed $39,900 NORTHSTARMLS as Distributed by MLS Grid
Property tax history
+3.3%/yrLatest (2025): $2,498 · -17.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…