433 S 7th St #1801 · Minneapolis, MN
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- 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 +15.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +4.6/10.0
- Livability +3.9/5.0
- Schools +3.5/10.0
- Rent growth +3.2/5.0
- Condition / age +2.5/5.0
- Appreciation +1.4/10.0
$184,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Beautiful corner unit with an AMAZING view.Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Indoor or outdoor ramp parking available for $159 per mo.
Key facts
- $1,135 HOA
- Community pool
- Built 1985
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $185k.
Deal economics
- At list price, monthly cash flow is $56 ($671/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $185k).
- Recommended offer: $174k (6.0% below list) — sets the bar for market timing.
- Cap rate 6.7% 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 (+2.6%/yr); 81 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 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 $6k 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 62 days — a 6% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 18y 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 36% of rent.
Questions for the listing agent
- It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- 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
- 1.68% ✓
- Cap rate
- 6.66%
- Cash-on-cash
- 1.30%
- DSCR
- 1.06
- GRM
- 4.9
CMA / ARV
- ARV (median comp)
- $358,399
- List price
- $184,900
- Delta
- -48.41%
- Verdict
- UNDERPRICED
- Comps
- 14 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 2.65% rent growth · sell at horizon
- IRR
- -14.5%
- Equity multiple
- 0.48×
- Total profit
- $-26,756
- Equity at exit
- $27,569
- IRR
- -6.1%
- Equity multiple
- 0.61×
- Total profit
- $-20,166
- Equity at exit
- $15,987
Cash invested: $51,772 (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
ZIP-level market 55415
- Home prices YoY
- -2.4%
- Rents YoY
- 2.6%
- Active inventory
- 81
- Price-to-rent
- 4.9×
Monthly cashflow live
- Estimated rent
- $3,114 high interval (Pro) →
- Mortgage (P&I)
- −$970
- Tax from tax record
- −$223 /mo · $2,671/yr
- Insurance
- −$77
- HOA
- −$1,135
- Vacancy / Maint / Mgmt
- −$654
- Net cashflow
- $56
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
- $46,225
- Closing costs
- $5,547
- 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 |
|---|---|---|---|---|---|---|---|---|
| 433 S 7th St Minneapolis, MN | 2.0 | 2.0 | 1057 | $2,548 | $2.41 | 14d | 1 | 0.01mi |
| 650 Portland Ave Minneapolis, MN | 2.0 | 1.0–2.0 | 1104 | $4,141 | $3.75 | 3d | 18 | 0.07mi |
| 521 S 7th St Minneapolis, MN | 1.0–2.0 | 1.0–1.5 | 784 | $2,375 | $3.03 | 1d | 2 | 0.08mi |
| 600 5th Ave S Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 915 | $3,315 | $3.62 | 1d | 9 | 0.08mi |
| 615 S 8th St Minneapolis, MN | 2.0 | 1.0–2.5 | 1248 | $6,125 | $4.91 | 1d | 52 | 0.13mi |
| 511 S 4th St Minneapolis, MN | 2.0 | 1.0–2.0 | 882 | $2,945 | $3.34 | 2d | 11 | 0.22mi |
| 929 Portland Ave Minneapolis, MN | 2.0 | 2.0 | 1120 | $2,499 | $2.23 | 43d | 1 | 0.23mi |
| 608 2nd Ave S Minneapolis, MN | 2.0 | 1.0–2.0 | 999 | $2,300 | $2.30 | 2d | 34 | 0.23mi |
| 101 S 5th St Minneapolis, MN | 3.0 | 1.0–2.0 | 1249 | $3,169 | $2.54 | 2d | 35 | 0.31mi |
| 515 E Grant St Minneapolis, MN | 1.0–2.0 | 1.0 | 820 | $1,696 | $2.07 | 1d | 10 | 0.31mi |
| 90 S 9th St Minneapolis, MN | 2.0 | 1.0 | 838 | $2,000 | $2.39 | 3d | 2 | 0.33mi |
| 1400 Park Ave Minneapolis, MN | 2.0 | 1.0–2.0 | 875 | $2,630 | $3.01 | 3d | 21 | 0.34mi |
| 1111 3rd Ave S Unit 1511914P Minneapolis, MN | 4.0 | 1.0–2.0 | 1081 | $7,396 | $6.84 | 2d | 2 | 0.36mi |
| 700 S 4th St Minneapolis, MN | 2.0 | 1.0–2.0 | 897 | $3,995 | $4.45 | 1d | 26 | 0.36mi |
| 465 Nicollet Mall Minneapolis, MN | 2.0 | 1.0–3.0 | 1153 | $4,620 | $4.01 | 1d | 14 | 0.37mi |
| 250 Portland Ave Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 902 | $3,372 | $3.74 | 2d | 11 | 0.38mi |
| 400 Marquette Ave Minneapolis, MN | 3.0 | 1.0–2.0 | 1103 | $4,260 | $3.86 | 1d | 14 | 0.38mi |
| 95 S 10th St Minneapolis, MN | 2.0 | 1.0–2.0 | 688 | $2,321 | $3.37 | 2d | 31 | 0.38mi |
| 250 Park Ave #215 Minneapolis, MN | 1.0 | 1.0 | 961 | $2,350 | $2.45 | 14d | 1 | 0.38mi |
| 313 Washington Ave S Minneapolis, MN | 2.0 | 1.0–2.0 | 836 | $3,110 | $3.72 | 2d | 9 | 0.39mi |
| 365 Nicollet Mall Minneapolis, MN | 3.0 | 1.0–3.5 | 1656 | $7,058 | $4.26 | 3d | 33 | 0.40mi |
| 240 Park Ave Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 1047 | $3,875 | $3.70 | 3d | 2 | 0.41mi |
| 1117 Marquette Ave Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 953 | $1,869 | $1.96 | 1d | 15 | 0.44mi |
| 240 Chicago Ave Minneapolis, MN | 2.0 | 1.0–2.0 | 825 | $3,036 | $3.68 | 1d | 11 | 0.45mi |
| 225 Portland Ave Minneapolis, MN | 2.0 | 1.0–2.0 | 837 | $3,420 | $4.08 | 3d | 70 | 0.45mi |
| 1518 Park Ave Minneapolis, MN | 3.0 | 1.0 | 1200 | $1,850 | $1.54 | 13d | 1 | 0.45mi |
| 1518 Park Ave Minneapolis, MN | 3.0 | 1.0 | 1200 | $1,850 | $1.54 | 10d | 1 | 0.45mi |
| 1010 S 7th St Minneapolis, MN | 2.0 | 1.0–2.0 | 834 | $2,725 | $3.27 | 43d | 1 | 0.47mi |
| 736 E 16th St Minneapolis, MN | 1.0–2.0 | 1.0 | 650 | $1,100 | $1.69 | 23d | 2 | 0.48mi |
| 811 Washington Ave S Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 862 | $3,099 | $3.60 | 19d | 9 | 0.48mi |
| 736 E 16th St #21 Minneapolis, MN | 2.0 | 1.0 | 757 | $1,150 | $1.52 | 43d | 1 | 0.48mi |
| 205 Park Ave Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 859 | $3,158 | $3.68 | 7d | 5 | 0.49mi |
| 729 E 16th St Apt 11 Minneapolis, MN | 1.0 | 1.0 | 1050 | $1,195 | $1.14 | 43d | 1 | 0.50mi |
| 735 E 16th St #2 Minneapolis, MN | 3.0 | 1.0 | 1296 | $1,650 | $1.27 | 24d | 1 | 0.50mi |
| 270 Hennepin Ave Minneapolis, MN | 3.0 | 1.0–3.0 | 1505 | $6,755 | $4.49 | 2d | 54 | 0.56mi |
| 1423 11th Ave S Minneapolis, MN | 1.0–2.0 | 1.0 | 818 | $1,800 | $2.20 | 2d | 29 | 0.56mi |
| 1225 Lasalle Ave #602 Minneapolis, MN | 2.0 | 2.0 | 1118 | $2,300 | $2.06 | 43d | 1 | 0.60mi |
| 111 S Marquette Ave Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 970 | $2,420 | $2.49 | 2d | 12 | 0.60mi |
| 212 10th Ave S Minneapolis, MN | 3.0 | 1.0–2.5 | 1490 | $6,415 | $4.31 | 1d | 10 | 0.61mi |
| 222 Hennepin Ave Minneapolis, MN | 1.0–2.0 | 1.0–2.0 | 994 | $4,175 | $4.20 | 1d | 12 | 0.63mi |
HOA detail condo
- Monthly dues
- $1,135 · $13,620/yr
- Likely covers
- poolgym
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 44 events
-
2026-06-18days on market $184,900 Active 62 DOM
-
2026-06-17days on market $184,900 Active 61 DOM
-
2026-06-16days on market $184,900 Active 60 DOM
-
2026-06-15days on market $184,900 Active 59 DOM
-
2026-06-13days on market $184,900 Active 57 DOM
-
2026-06-09days on market $184,900 Active 53 DOM
-
2026-06-08days on market $184,900 Active 52 DOM
-
2026-06-07days on market $184,900 Active 51 DOM
-
2026-06-04days on market $184,900 Active 48 DOM
-
2026-06-03days on market $184,900 Active 47 DOM
-
2026-06-02days on market $184,900 Active 46 DOM
-
2026-06-01days on market $184,900 Active 45 DOM
-
2026-05-31days on market $184,900 Active 44 DOM
-
2026-04-17$184,900 Active 543-char remark
Show marketing remark (543 chars)
Beautiful corner unit with an AMAZING view.Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Indoor or outdoor ramp parking available for $159 per mo.
-
2026-04-13historical $184,900 543-char remark
Show marketing remark (543 chars)
Beautiful corner unit with an AMAZING view.Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Indoor or outdoor ramp parking available for $159 per mo.
-
2025-01-15soldstatus $180,000
-
2025-01-14soldstatus $180,000 Sold 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2024-12-24status Pending 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2024-12-04historical Contingent - Subject to Statutory Rescission 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2024-05-27price $185,000 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2024-02-12status Active 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2024-02-12price $190,000 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2024-02-01status Pending 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2024-01-18historical Contingent - Subject to Statutory Rescission 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2023-11-03price $194,000 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2023-10-22price $200,000 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2023-09-15price $209,900 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2023-09-11price $214,900 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2023-08-28$219,900 Active 590-char remark
Show marketing remark (590 chars)
Beautifully updated CORNER UNIT with views of US Bank Stadium & downtown Minneapolis. This condo features new stainless steel appliances, sink, flooring and new windows for the entire unit. Enjoy entertaining with this open concept living including a large owners suite with bath & walk-in closet and a second bedroom / den / home office. Building amenities on the 15th floor include outdoor pool, large spacious decks with grills, party / game room, hot tub, sauna, gym, bike storage, personal storage locker and much more. Indoor or outdoor ramp parking available for $159 per mo.
-
2016-09-23soldstatus $210,000
-
2016-09-07soldstatus $210,000 Sold
-
2016-08-17status Pending
-
2016-08-08historical Contingent - Inspection
-
2016-08-05$209,900 Active
-
2010-10-18historical
-
2010-09-22$1,600
-
2008-05-20soldstatus $199,900
-
2008-04-24soldstatus $199,900
-
2008-04-04historical
-
2008-02-12$209,900
-
2000-05-25soldstatus $152,900
-
1995-01-17soldstatus $77,000
-
1991-04-25soldstatus $71,900
-
1989-12-29soldstatus $66,000
ⓘ 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
- $2,671 · $223/mo
- Projected year-2 tax
- $2,671 · $223/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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $37,369
- − Mortgage interest
- −$10,357
- − Property taxes
- −$2,671
- − Insurance
- −$924
- − Repairs & maintenance
- −$2,990
- − Management
- −$2,990
- − HOA
- −$13,620
- − Depreciation
- −$5,379
- Taxable loss
- −$1,562
- Est. tax savings @ 24.0%
- +$375
- After-tax cash flow
- $1,045/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)
- 6,900
- Household income
- $124,921
- Rent vs Own
- Severe rent burden
- 344.0
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 0.59)
- Race & ethnicity
- White 61% Black 18% Asian 9% Two or more races 6% Hispanic / Latino 4% Native American 2%
- Common ancestry
- Portuguese 6% Slovak 2% Romanian 2%
- Foreign-born
- 16% · Canada, South Korea, China
- Languages at home
- 87% English-only · Other Indo-European 4% Spanish 2% 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
- ▼ -7.23%
- Current HPI
- 289.6606
- Rent YoY
- ▲ 2.65%
- 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
+180.2% since first listed31 events — show timeline
- 2026-04-17 Listed $184,900 NORTHSTARMLS as Distributed by MLS Grid
- 2026-04-13 Coming Soon $184,900 NORTHSTARMLS as Distributed by MLS Grid
- 2025-01-15 Sold (Public Records) $180,000 Public Records
- 2025-01-14 Sold (MLS) $180,000 NORTHSTARMLS as Distributed by MLS Grid
- 2024-12-24 Pending — NORTHSTARMLS as Distributed by MLS Grid
- 2024-12-04 Contingent — NORTHSTARMLS as Distributed by MLS Grid
- 2024-05-27 Price Changed $185,000 NORTHSTARMLS as Distributed by MLS Grid
- 2024-02-12 Relisted — NORTHSTARMLS as Distributed by MLS Grid
- 2024-02-12 Price Changed $190,000 NORTHSTARMLS as Distributed by MLS Grid
- 2024-02-01 Pending — NORTHSTARMLS as Distributed by MLS Grid
- 2024-01-18 Contingent — NORTHSTARMLS as Distributed by MLS Grid
- 2023-11-03 Price Changed $194,000 NORTHSTARMLS as Distributed by MLS Grid
- 2023-10-22 Price Changed $200,000 NORTHSTARMLS as Distributed by MLS Grid
- 2023-09-15 Price Changed $209,900 NORTHSTARMLS as Distributed by MLS Grid
- 2023-09-11 Price Changed $214,900 NORTHSTARMLS as Distributed by MLS Grid
- 2023-08-28 Listed $219,900 NORTHSTARMLS as Distributed by MLS Grid
- 2016-09-23 Sold (Public Records) $210,000 Public Records
- 2016-09-07 Sold (MLS) $210,000 NORTHSTARMLS as Distributed by MLS Grid
- 2016-08-17 Pending — NORTHSTARMLS as Distributed by MLS Grid
- 2016-08-08 Contingent — NORTHSTARMLS as Distributed by MLS Grid
- 2016-08-05 Listed $209,900 NORTHSTARMLS as Distributed by MLS Grid
- 2010-10-18 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 2010-09-22 Listed $1,600 NORTHSTARMLS as Distributed by MLS Grid
- 2008-05-20 Sold (Public Records) $199,900 Public Records
- 2008-04-24 Sold (MLS) $199,900 NORTHSTARMLS as Distributed by MLS Grid
- 2008-04-04 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 2008-02-12 Listed $209,900 NORTHSTARMLS as Distributed by MLS Grid
- 2000-05-25 Sold (Public Records) $152,900 Public Records
- 1995-01-17 Sold (Public Records) $77,000 Public Records
- 1991-04-25 Sold (Public Records) $71,900 Public Records
- 1989-12-29 Sold (Public Records) $66,000 Public Records
Property tax history
-0.5%/yrLatest (2025): $2,671 · +2.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…