3136 W Bde Maka Ska Blvd #201 · Minneapolis, MN
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.21%
- 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 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 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 +18.7/30.0
- ARV discount +15.0/15.0
- 1% rule +9.6/10.0
- DSCR +5.9/10.0
- Livability +3.9/5.0
- Schools +3.5/10.0
- Rent growth +3.1/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$139,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome home to this classic 1938 two-bedroom condo ideally located along the Chain of Lakes in the highly sought-after West Bde Maka Ska neighborhood. Unbeatable price. Enjoy an incredibly walkable lifestyle — just steps from year-round recreation, vibrant dining and shopping, the Southwest LRT, and everything that makes city living exceptional. Freshly painted and move-in ready, this rare end-unit features windows on three sides, filling the space with abundant natural light. You will appreciate the gorgeous original maple hardwood floors and tastefully updated kitchen with stainless steel appliances and convenient in-unit laundry. This main-floor residence also includes three large portable AC units, fiber-optic high-speed internet, and an impressive 16' x 6' secured storage space plus community bike storage — offering flexibility and functionality rarely found in condo living. The well-managed association maintains strong reserves. Low monthly dues cover heat, gas, water/sewer, trash, and exterior maintenance, with owners responsible for electricity and internet. Unassigned off-street parking is available for just $175/year, and the seller is offering a transferable parking pass valid through 2026. Your new home is surrounded by lush, mature trees and generous green space. Outdoor enthusiasts will love immediate access to the Grand Rounds and Greenway trails right outside the front door. You won’t find better value. Schedule your private showing today.
Key facts
- In-unit laundry
- Greenway trails
- Updated kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath condo listed at $140k.
Deal economics
- At list price, monthly cash flow is $138 ($2k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $140k).
- Recommended offer: $127k (9.0% below list) — sets the bar for market timing.
- Cap rate 7.5% 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 (+2.3%/yr); 205 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d 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 $967 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 102 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 31y ago; this cycle's ask has dropped $35k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: HOA is 25% of rent; built in 1938 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1938 — 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.
- 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?
- 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
- 1.46% ✓
- Cap rate
- 7.47%
- Cash-on-cash
- 4.22%
- DSCR
- 1.19
- GRM
- 5.7
CMA / ARV
- ARV (median comp)
- $192,632
- List price
- $139,900
- Delta
- -27.37%
- Verdict
- UNDERPRICED
- Comps
- 7 within 2.0 mi
Projected returns pro-forma
-3.0% appreciation · 2.26% rent growth · sell at horizon
- IRR
- -10.7%
- Equity multiple
- 0.62×
- Total profit
- $-15,066
- Equity at exit
- $20,860
- IRR
- -2.6%
- Equity multiple
- 0.83×
- Total profit
- $-6,535
- Equity at exit
- $12,096
Cash invested: $39,172 (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 55416
- Rents YoY
- 2.3%
- Active inventory
- 205
- Price-to-rent
- 5.7×
Monthly cashflow live
- Estimated rent
- $2,043 high interval (Pro) →
- Mortgage (P&I)
- −$734
- Tax from tax record
- −$176 /mo · $2,117/yr
- Insurance
- −$58
- HOA
- −$508
- Vacancy / Maint / Mgmt
- −$429
- Net cashflow
- $138
Break-even live
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
- $34,975
- Closing costs
- $4,197
- 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 |
|---|---|---|---|---|---|---|---|---|
| 3420 List Pl Minneapolis, MN | 2.0 | 1.0–2.0 | 846 | $2,935 | $3.47 | 2d | 23 | 0.07mi |
| 3050 Abbott Ave S Minneapolis, MN | 2.0 | 1.0–2.0 | 823 | $2,850 | $3.46 | 8d | 1 | 0.09mi |
| 3430 List Pl Minneapolis, MN | 1.0–3.0 | 1.0–2.0 | 1118 | $2,448 | $2.19 | 8d | 1 | 0.09mi |
| 3140 Chowen Ave S Minneapolis, MN | 2.0 | 1.0–2.0 | 760 | $2,149 | $2.83 | 2d | 19 | 0.17mi |
| 3012 Excelsior Blvd Minneapolis, MN | 1.0–2.0 | 1.0–2.5 | 1309 | $6,595 | $5.04 | 2d | 12 | 0.18mi |
| 3144 Chowen Ave S Minneapolis, MN | 2.0 | 1.0–2.0 | 828 | $4,495 | $5.43 | 2d | 5 | 0.21mi |
| 3708 W 32nd St Minneapolis, MN | 1.0 | 1.0 | 615 | $1,138 | $1.85 | 20d | 2 | 0.24mi |
| 3031 Ewing Ave S Minneapolis, MN | 1.0 | 1.0 | 587 | $1,245 | $2.12 | 3d | 3 | 0.25mi |
| 3036 W Lake St Minneapolis, MN | 2.0 | 1.0–2.0 | 919 | $2,570 | $2.80 | 2d | 15 | 0.26mi |
| 3118 W Lake St Minneapolis, MN | 3.0 | 1.0–2.0 | 1005 | $2,705 | $2.69 | 2d | 15 | 0.27mi |
| 3100 W Lake St Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 844 | $4,540 | $5.38 | 2d | 15 | 0.28mi |
| 3701 W Lake St Unit 3701-206 Minneapolis, MN | 1.0 | 1.0 | 775 | $1,199 | $1.55 | 18d | 1 | 0.28mi |
| 3026 W Lake St Unit 201 Minneapolis, MN | 1.0 | 1.0 | 650 | $1,395 | $2.15 | 24d | 1 | 0.30mi |
| 3820 W 31st St Minneapolis, MN | 1.0 | 1.0 | 690 | $1,670 | $2.42 | 10d | 3 | 0.33mi |
| 3029 France Ave S Minneapolis, MN | 1.0–2.0 | 1.0 | 875 | $1,595 | $1.82 | 3d | 11 | 0.34mi |
| 3030 France Ave S Minneapolis, MN | 1.0 | 1.0 | 593 | $2,199 | $3.71 | 3d | 4 | 0.39mi |
| 3200 Inglewood Ave S Minneapolis, MN | 1.0 | 1.0 | 860 | $1,814 | $2.11 | 2d | 10 | 0.42mi |
| 4101 W 31st St #201 Minneapolis, MN | 2.0 | 2.0 | 860 | $1,795 | $2.09 | 24d | 1 | 0.47mi |
| 4101 W 31st St #206 Minneapolis, MN | 2.0 | 1.0 | 825 | $1,695 | $2.05 | 18d | 1 | 0.47mi |
| 2900 Thomas Ave S Minneapolis, MN | 4.0 | 1.0–3.0 | 1933 | $4,364 | $2.26 | 2d | 47 | 0.49mi |
| 2622 W Lake St Minneapolis, MN | 1.0–2.0 | 1.5–2.5 | 1479 | $6,840 | $4.62 | 14d | 1 | 0.52mi |
| 3920 Excelsior Blvd Minneapolis, MN | 2.0 | 1.0–2.0 | 1050 | $3,231 | $3.08 | 2d | 16 | 0.54mi |
| 4300 Minnesota 7 St Louis Park, MN | 1.0–2.0 | 1.0 | 607 | $1,345 | $2.21 | 44d | 5 | 0.62mi |
| 4301 Park Glen Rd Minneapolis, MN | 2.0 | 1.0–2.0 | 781 | $1,909 | $2.44 | 2d | 11 | 0.62mi |
| 3504 Minikahda Ct St Louis Park, MN | 2.0 | 1.0 | 565 | $1,470 | $2.60 | 3d | 9 | 0.69mi |
| 2888 Joppa Ave S St Louis Park, MN | 1.0–2.0 | 1.0–1.5 | 900 | $1,595 | $1.77 | 2d | 13 | 0.70mi |
| 3016 Lynn Ave Apt 3B Minneapolis, MN | 1.0 | 1.0 | 650 | $1,115 | $1.72 | 44d | 1 | 0.72mi |
| 4450 Minnetonka Blvd Minneapolis, MN | 1.0–2.0 | 1.0 | 1000 | $1,595 | $1.59 | 5d | 7 | 0.74mi |
| 4501 Park Glen Rd St Louis Park, MN | 1.0–2.0 | 1.0–2.0 | 904 | $2,300 | $2.54 | 2d | 23 | 0.81mi |
| 4320 W 36 1/2 St Minneapolis, MN | 1.0–2.0 | 1.0 | 685 | $1,250 | $1.82 | 15d | 3 | 0.86mi |
| 1800 W Lake St Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 999 | $2,654 | $2.66 | 8d | 8 | 0.87mi |
| 4320 W 36th 1/2 St Unit 204 Minneapolis, MN | 1.0 | 1.0 | 550 | $1,000 | $1.82 | 24d | 1 | 0.88mi |
| 4320 W 36th 1/2 St Unit 102 Minneapolis, MN | 1.0 | 1.0 | 550 | $975 | $1.77 | 24d | 1 | 0.88mi |
| 4320 W 36th 1/2 St Unit 103 Minneapolis, MN | 2.0 | 1.0 | 820 | $1,250 | $1.52 | 44d | 1 | 0.88mi |
| 1715 Lagoon Ave Minneapolis, MN | 1.0 | 1.0 | 720 | $1,175 | $1.63 | 44d | 1 | 0.90mi |
| 1715 Lagoon Ave Unit 7 Minneapolis, MN | 1.0 | 1.0 | 720 | $1,175 | $1.63 | 15d | 1 | 0.90mi |
| 1709 Lagoon Ave Minneapolis, MN | 1.0 | 1.0 | 610 | $1,195 | $1.96 | 44d | 1 | 0.91mi |
| 3033 James Ave S Unit 301 Minneapolis, MN | 1.0 | 1.0 | 650 | $1,075 | $1.65 | 44d | 1 | 0.93mi |
| 3027 James Ave S Unit 202 Minneapolis, MN | 2.0 | 1.0 | 912 | $1,925 | $2.11 | 24d | 1 | 0.93mi |
| 3027 James Ave S Unit 102 Minneapolis, MN | 1.0 | 1.0 | 680 | $1,581 | $2.33 | 18d | 1 | 0.93mi |
HOA detail condo
- Monthly dues
- $508 · $6,096/yr
- Likely covers
- watersewertrashgaselectricinternetexterior maint.
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 22 events
-
2026-06-02status $139,900 Pending 102 DOM
-
2026-06-01days on market $139,900 Contingent - Subject to Statutory Rescission 102 DOM
-
2026-05-31days on market $139,900 Contingent - Subject to Statutory Rescission 101 DOM
-
2026-05-15historical Contingent - Subject to Statutory Rescission 1498-char remark
Show marketing remark (1498 chars)
Welcome home to this classic 1938 two-bedroom condo ideally located along the Chain of Lakes in the highly sought-after West Bde Maka Ska neighborhood. Unbeatable price. Enjoy an incredibly walkable lifestyle — just steps from year-round recreation, vibrant dining and shopping, the Southwest LRT, and everything that makes city living exceptional. Freshly painted and move-in ready, this rare end-unit features windows on three sides, filling the space with abundant natural light. You will appreciate the gorgeous original maple hardwood floors and tastefully updated kitchen with stainless steel appliances and convenient in-unit laundry. This main-floor residence also includes three large portable AC units, fiber-optic high-speed internet, and an impressive 16' x 6' secured storage space plus community bike storage — offering flexibility and functionality rarely found in condo living. The well-managed association maintains strong reserves. Low monthly dues cover heat, gas, water/sewer, trash, and exterior maintenance, with owners responsible for electricity and internet. Unassigned off-street parking is available for just $175/year, and the seller is offering a transferable parking pass valid through 2026. Your new home is surrounded by lush, mature trees and generous green space. Outdoor enthusiasts will love immediate access to the Grand Rounds and Greenway trails right outside the front door. You won’t find better value. Schedule your private showing today.
-
2026-05-11price $139,900 1498-char remark
Show marketing remark (1498 chars)
Welcome home to this classic 1938 two-bedroom condo ideally located along the Chain of Lakes in the highly sought-after West Bde Maka Ska neighborhood. Unbeatable price. Enjoy an incredibly walkable lifestyle — just steps from year-round recreation, vibrant dining and shopping, the Southwest LRT, and everything that makes city living exceptional. Freshly painted and move-in ready, this rare end-unit features windows on three sides, filling the space with abundant natural light. You will appreciate the gorgeous original maple hardwood floors and tastefully updated kitchen with stainless steel appliances and convenient in-unit laundry. This main-floor residence also includes three large portable AC units, fiber-optic high-speed internet, and an impressive 16' x 6' secured storage space plus community bike storage — offering flexibility and functionality rarely found in condo living. The well-managed association maintains strong reserves. Low monthly dues cover heat, gas, water/sewer, trash, and exterior maintenance, with owners responsible for electricity and internet. Unassigned off-street parking is available for just $175/year, and the seller is offering a transferable parking pass valid through 2026. Your new home is surrounded by lush, mature trees and generous green space. Outdoor enthusiasts will love immediate access to the Grand Rounds and Greenway trails right outside the front door. You won’t find better value. Schedule your private showing today.
-
2026-04-01price $149,900 1498-char remark
Show marketing remark (1498 chars)
Welcome home to this classic 1938 two-bedroom condo ideally located along the Chain of Lakes in the highly sought-after West Bde Maka Ska neighborhood. Unbeatable price. Enjoy an incredibly walkable lifestyle — just steps from year-round recreation, vibrant dining and shopping, the Southwest LRT, and everything that makes city living exceptional. Freshly painted and move-in ready, this rare end-unit features windows on three sides, filling the space with abundant natural light. You will appreciate the gorgeous original maple hardwood floors and tastefully updated kitchen with stainless steel appliances and convenient in-unit laundry. This main-floor residence also includes three large portable AC units, fiber-optic high-speed internet, and an impressive 16' x 6' secured storage space plus community bike storage — offering flexibility and functionality rarely found in condo living. The well-managed association maintains strong reserves. Low monthly dues cover heat, gas, water/sewer, trash, and exterior maintenance, with owners responsible for electricity and internet. Unassigned off-street parking is available for just $175/year, and the seller is offering a transferable parking pass valid through 2026. Your new home is surrounded by lush, mature trees and generous green space. Outdoor enthusiasts will love immediate access to the Grand Rounds and Greenway trails right outside the front door. You won’t find better value. Schedule your private showing today.
-
2026-03-11price $169,900 1498-char remark
Show marketing remark (1498 chars)
Welcome home to this classic 1938 two-bedroom condo ideally located along the Chain of Lakes in the highly sought-after West Bde Maka Ska neighborhood. Unbeatable price. Enjoy an incredibly walkable lifestyle — just steps from year-round recreation, vibrant dining and shopping, the Southwest LRT, and everything that makes city living exceptional. Freshly painted and move-in ready, this rare end-unit features windows on three sides, filling the space with abundant natural light. You will appreciate the gorgeous original maple hardwood floors and tastefully updated kitchen with stainless steel appliances and convenient in-unit laundry. This main-floor residence also includes three large portable AC units, fiber-optic high-speed internet, and an impressive 16' x 6' secured storage space plus community bike storage — offering flexibility and functionality rarely found in condo living. The well-managed association maintains strong reserves. Low monthly dues cover heat, gas, water/sewer, trash, and exterior maintenance, with owners responsible for electricity and internet. Unassigned off-street parking is available for just $175/year, and the seller is offering a transferable parking pass valid through 2026. Your new home is surrounded by lush, mature trees and generous green space. Outdoor enthusiasts will love immediate access to the Grand Rounds and Greenway trails right outside the front door. You won’t find better value. Schedule your private showing today.
-
2026-02-19$174,900 Active 1498-char remark
Show marketing remark (1498 chars)
Welcome home to this classic 1938 two-bedroom condo ideally located along the Chain of Lakes in the highly sought-after West Bde Maka Ska neighborhood. Unbeatable price. Enjoy an incredibly walkable lifestyle — just steps from year-round recreation, vibrant dining and shopping, the Southwest LRT, and everything that makes city living exceptional. Freshly painted and move-in ready, this rare end-unit features windows on three sides, filling the space with abundant natural light. You will appreciate the gorgeous original maple hardwood floors and tastefully updated kitchen with stainless steel appliances and convenient in-unit laundry. This main-floor residence also includes three large portable AC units, fiber-optic high-speed internet, and an impressive 16' x 6' secured storage space plus community bike storage — offering flexibility and functionality rarely found in condo living. The well-managed association maintains strong reserves. Low monthly dues cover heat, gas, water/sewer, trash, and exterior maintenance, with owners responsible for electricity and internet. Unassigned off-street parking is available for just $175/year, and the seller is offering a transferable parking pass valid through 2026. Your new home is surrounded by lush, mature trees and generous green space. Outdoor enthusiasts will love immediate access to the Grand Rounds and Greenway trails right outside the front door. You won’t find better value. Schedule your private showing today.
-
2004-12-14soldstatus $219,000
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2004-10-29soldstatus $219,000 161-char remark
Show marketing remark (161 chars)
The largest unit in this complex. New kit. & bath w/ tons of upgrades inc. washer and dryer in unit. Hwd flrs-new thermopane windows. Unbelieveably gorgeous!
-
2004-09-17historical 161-char remark
Show marketing remark (161 chars)
The largest unit in this complex. New kit. & bath w/ tons of upgrades inc. washer and dryer in unit. Hwd flrs-new thermopane windows. Unbelieveably gorgeous!
-
2004-08-04$218,888 161-char remark
Show marketing remark (161 chars)
The largest unit in this complex. New kit. & bath w/ tons of upgrades inc. washer and dryer in unit. Hwd flrs-new thermopane windows. Unbelieveably gorgeous!
-
1999-07-22soldstatus $94,500
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1999-06-30soldstatus $94,500
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1999-05-20historical
-
1999-05-15$99,500
-
1997-09-02soldstatus $59,000
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1997-09-01soldstatus $59,000
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1997-03-11historical
-
1997-02-28$61,000
-
1995-07-31historical
-
1995-06-12$54,900
ⓘ 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
- $2,117 · $176/mo
- Projected year-2 tax
- $2,117 · $176/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 4/10 Moderate FEMA zone X (unshaded) · 21% 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
- $24,517
- − Mortgage interest
- −$7,837
- − Property taxes
- −$2,117
- − Insurance
- −$700
- − Repairs & maintenance
- −$1,961
- − Management
- −$1,961
- − HOA
- −$6,096
- − Depreciation
- −$4,070
- Taxable loss
- −$224
- Est. tax savings @ 24.0%
- +$54
- After-tax cash flow
- $1,706/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)
- 35,015
- Household income
- $105,958
- Rent vs Own
- Severe rent burden
- 1213.0
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 (79%)
- Race & ethnicity
- White 79% Two or more races 9% Hispanic / Latino 8% Black 5% Asian 4%
- Hispanic origin (detail)
- Mexican 4%
- Common ancestry
- Portuguese 12% Romanian 5% Lithuanian 4%
- Foreign-born
- 8% · Canada, China, South Korea
- Languages at home
- 89% 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
- ▼ -490.63%
- Current HPI
- 230.651
- Rent YoY
- ▲ 2.26%
- 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
+154.8% since first listed19 events — show timeline
- 2026-05-15 Contingent — NORTHSTARMLS as Distributed by MLS Grid
- 2026-05-11 Price Changed $139,900 NORTHSTARMLS as Distributed by MLS Grid
- 2026-04-01 Price Changed $149,900 NORTHSTARMLS as Distributed by MLS Grid
- 2026-03-11 Price Changed $169,900 NORTHSTARMLS as Distributed by MLS Grid
- 2026-02-19 Listed $174,900 NORTHSTARMLS as Distributed by MLS Grid
- 2004-12-14 Sold (Public Records) $219,000 Public Records
- 2004-10-29 Sold (MLS) $219,000 NORTHSTARMLS as Distributed by MLS Grid
- 2004-09-17 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 2004-08-04 Listed $218,888 NORTHSTARMLS as Distributed by MLS Grid
- 1999-07-22 Sold (Public Records) $94,500 Public Records
- 1999-06-30 Sold (MLS) $94,500 NORTHSTARMLS as Distributed by MLS Grid
- 1999-05-20 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 1999-05-15 Listed $99,500 NORTHSTARMLS as Distributed by MLS Grid
- 1997-09-02 Sold (Public Records) $59,000 Public Records
- 1997-09-01 Sold (MLS) $59,000 NORTHSTARMLS as Distributed by MLS Grid
- 1997-03-11 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 1997-02-28 Listed $61,000 NORTHSTARMLS as Distributed by MLS Grid
- 1995-07-31 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 1995-06-12 Listed $54,900 NORTHSTARMLS as Distributed by MLS Grid
Property tax history
-0.7%/yrLatest (2025): $2,117 · +8.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…