3010 15th Ave S · Minneapolis, MN 55407

$280,000

6 bd · 2.0 ba · 2,678 sqft · MultiFamily public records · 130 Days on market

Built 1900 Fair condition 7,840 sqft lot $105/sqft · 32% below area Est $414k · 32% under

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Why this score? — see what drove the B 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Livability +3.9/5.0
• Rent growth +3.6/5.0
• Condition / age +2.2/5.0
• Schools +0.2/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 2 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Rare opportunity to acquire a classic up/down duplex in the heart of Minneapolis that has been under the same ownership since 1994. Situated on a double lot with a fenced yard, this property offers both stability and long-term upside potential. This well-laid-out duplex features two spacious units, each offering 3 bedrooms and 1 bathroom, with a total of 2,678 finished square feet. The upper unit showcases hardwood floors and an updated kitchen, while both units offer functional layouts and the highly desirable convenience of in-unit laundry, a major draw for tenants. The property is currently occupied by long-term tenants, providing immediate, reliable income. The main floor rents for $1,500 per month, and the upper unit rents for $1,650 per month. Residents pay their own electricity. Rents have not been increased to match current market levels, as ownership has prioritized tenant stability, presenting a clear opportunity for future value growth. The stucco exterior is complemented by a pitched roof. The windows were recently replaced through the city’s lead abatement program, adding long-term value and peace of mind. The property is heated by a boiler system, with a newer boiler (~ 5 years old) and water heater (~ 6 years old), helping reduce near-term capital expenses. An unfinished attic provides additional storage, and a detached shed offers further convenience for tenants. Located near public transit and just steps from a variety of restaurants, shopping, and neighborhood staples including Mercado Central and Ingebretsen’s, this property offers strong appeal for renters seeking convenience and walkability. Located in a highly walkable area near Powderhorn Park, this duplex offers strong fundamentals, stable tenancy, and meaningful upside, making it a solid addition to any investment portfolio.

Key facts

• Fenced yard
• Double lot
• In-unit laundry

Tags

• DOUBLE LOT
• FENCED YARD
• IN-UNIT LAUNDRY
• HARDWOOD FLOORS
• UPDATED KITCHEN
• STUCCO EXTERIOR

🏷️ Possibly a rental listed for sale. The $280,000 price doesn't fit this home's estimated sale value (~$414,495) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $280k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive. Per door: $646/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $280k).
• Recommended offer: $246k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.8% vs local median 3.2% 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: Cityview Elementary (math 2% / reading 2%, grade F, #856 of 857 statewide, top 100%, 200 students, 88% FRL); South High (reading 75%, 1,466 students, 66% FRL) — zoned schools average 77% FRL vs 58% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 2% at this address vs 40% district-wide (-38 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 (+4.3%/yr); 217 active listings in the ZIP; 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 $2k of loan paydown is wiped out by about $8k 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.
• At projected returns (-3.0% appreciation + 4.3% rent growth), your $78k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $36k; list at $280k implies a 689% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $246,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.35% ✓
• Cap rate: 11.83%
• Cash-on-cash: 19.76%
• DSCR: 1.88
• GRM: 6.2

CMA / ARV

• ARV (median comp): $414,495
• List price: $280,000
• Delta: -32.45%
• Verdict: UNDERPRICED
• Comps: 6 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3329 Park Ave	0.66mi	6/2.0	2,488 (-7%)	17mo	$400,000	$161	43
1819-1821 E 46th St	1.99mi	6/4.0	2,440 (-9%)	3mo	$453,000	$186	40
3935 1st Ave S	1.59mi	4/2.0 (-2)	2,665 (-0%)	20mo	$380,000	$143	38
3201 Aldrich Ave S	1.74mi	4/2.0 (-2)	2,789 (+4%)	23mo	$565,000	$203	29
3229 Colfax Ave S	1.87mi	5/2.0 (-1)	2,400 (-10%)	17mo	$545,000	$227	28
2544 29th Ave S	1.28mi	5/2.0 (-1)	1,980 (-26%)	10mo	$327,000	$165	27
4015 Lyndale Ave S	2.08mi	4/3.0 (-2)	2,453 (-8%)	18mo	$555,000	$226	22
4136 Portland Ave	1.56mi	5/2.0 (-1)	2,193 (-18%)	16mo	$425,000	$194	22
3436 Minnehaha Ave	1.35mi	5/3.0 (-1)	2,365 (-12%)	27mo	$448,000	$189	16
2417 Lyndale Ave S	1.80mi	5/5.0 (-1)	2,228 (-17%)	14mo	$487,500	$219	11
4749 16th Ave S	2.19mi	4/2.0 (-2)	2,118 (-21%)	33mo	$455,000	$215	10
3932 21st Ave S	1.28mi	4/3.0 (-2)	1,950 (-27%)	30mo	$344,000	$176	6

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 · 4.3% rent growth · sell at horizon

5-year hold

• IRR: 13.2%
• Equity multiple: 1.53×
• Total profit: $41,764
• Equity at exit: $41,749

10-year hold

• IRR: 22.9%
• Equity multiple: 3.08×
• Total profit: $162,902
• Equity at exit: $24,209

Cash invested: $78,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 34 Tenant-Leaning
• State Minnesota: 46 Balanced · D+2
• County: — inherits STATE
• City Minneapolis: 34 Tenant-Leaning · D+50

Tenant Opportunity to Purchase; renter's protections.

Methodology + full state rankings →

Active competition Active MLS

• For sale now: 9 active · 6 under contract
• Median asking: $439,900 ($159/sqft)
• Median days on market: 47 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -2.7% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 55407

• Rents YoY: 4.3%
• Active inventory: 217
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $3,767 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$100 /mo · $1,196/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$791
• Net cashflow: $1,291

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,768
Total (2 units)			$3,767

Break-even live

Break-even rent $2,132

Max offer price $280,000

Occupancy floor 61%

Sensitivity live

Price	-10% $1,450	-5% $1,371	+0% $1,291	+5% $1,212	+10% $1,133
Rent	-10% $994	-5% $1,142	+0% $1,291	+5% $1,440	+10% $1,589
Rate	-1.0pp $1,432	-0.5pp $1,362	base $1,291	+0.5pp $1,219	+1.0pp $1,145

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: $70,000
• Closing costs: $8,400
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2932 15th Ave S Unit 1 Minneapolis, MN	2.0	1.0	816	$1,250	$1.53	93d	1	0.06mi
2929 Chicago Ave Minneapolis, MN	2.0	1.0	1290	$2,350	$1.82	71d	1	0.36mi
2929 Chicago Ave Minneapolis, MN	2.0	1.0–2.0	1325	$2,325	$1.75	93d	2	0.36mi
2709 Bloomington Ave Unit 2 Minneapolis, MN	3.0	1.0	—	$1,900	—	93d	1	0.38mi
2636 14th Ave S Minneapolis, MN	3.0	1.0	—	$1,650	—	52d	1	0.44mi
3015 19th Ave S Unit 1 Minneapolis, MN	3.0	1.0	960	$1,750	$1.82	93d	1	0.46mi
2835 Park Ave Minneapolis, MN	2.0	1.0	829	$1,330	$1.60	21d	6	0.55mi
3320 Longfellow Ave Minneapolis, MN	2.0	1.0	950	$1,498	$1.58	16d	1	0.56mi
2704 Chicago Ave Unit 1 Minneapolis, MN	2.0	1.0	980	$1,400	$1.43	73d	1	0.58mi
739 E 27th St Unit 739 Minneapolis, MN	4.0	1.0	1699	$2,600	$1.53	73d	1	0.59mi
2530 17th Ave S Unit 2 Minneapolis, MN	2.0	1.0	—	$1,450	—	73d	1	0.59mi
2500 17th Ave S Unit 2 Minneapolis, MN	3.0	1.0	—	$1,350	—	10d	1	0.66mi
2500 17th Ave S Unit 2 Minneapolis, MN	3.0	1.0	—	$1,700	—	61d	1	0.66mi
3029 22nd Ave S Unit 202 Minneapolis, MN	2.0	2.0	923	$1,885	$2.04	93d	1	0.67mi
3029 22nd Ave S Unit 418 Minneapolis, MN	2.0	2.0	1010	$1,789	$1.77	93d	1	0.67mi
3029 22nd Ave S Unit 302 Minneapolis, MN	2.0	2.0	923	$1,799	$1.95	52d	1	0.67mi
3520 12th Ave S Minneapolis, MN	1.0–2.0	1.0	725	$1,200	$1.66	93d	1	0.68mi
2220 E Lake St Minneapolis, MN	1.0–2.0	1.0	659	$1,425	$2.16	16d	1	0.71mi
3029 22nd Ave S Unit 618 Minneapolis, MN	2.0	2.0	840	$1,960	$2.33	21d	1	0.73mi
912 E 25th St Minneapolis, MN	3.0	1.0	1014	$1,815	$1.79	8d	1	0.73mi
2723 Portland Ave S Minneapolis, MN	2.0	1.0	—	$1,562	—	22d	2	0.74mi
3624 Bloomington Ave Unit Upper Minneapolis, MN	2.0	1.0	850	$1,400	$1.65	38d	1	0.77mi
3328 5th Ave S Unit 01 Minneapolis, MN	2.0	1.0	864	$1,395	$1.61	37d	1	0.85mi
3201 24th Ave S Minneapolis, MN	3.0	2.0	2631	$3,395	$1.29	93d	1	0.87mi
412 E 34th St Minneapolis, MN	3.0	1.5	1763	$1,800	$1.02	73d	1	0.88mi
3501 22nd Ave S Minneapolis, MN	3.0	1.0	1100	$1,595	$1.45	57d	1	0.90mi
3501 22nd Ave S Unit Upper Minneapolis, MN	3.0	1.0	1100	$1,595	$1.45	73d	1	0.90mi
2121 13th Ave S Unit 4 Minneapolis, MN	4.0	1.5	1100	$1,825	$1.66	93d	1	0.91mi
2121 13th Ave S Unit 1 Minneapolis, MN	2.0	1.0	825	$1,300	$1.58	14d	1	0.91mi
3336 4th Ave S Minneapolis, MN	3.0	1.0	1100	$1,795	$1.63	28d	1	0.91mi
3139 3rd Ave S Unit 3 Minneapolis, MN	2.0	1.0	725	$1,450	$2.00	93d	1	0.93mi
3705 Chicago Ave Unit 1 Minneapolis, MN	2.0	2.0	1100	$1,250	$1.14	93d	1	0.94mi
3741 13th Ave S Unit 1 Minneapolis, MN	3.0	1.0	1150	$1,799	$1.56	57d	1	0.94mi
2108 16th Ave S Unit 1 Minneapolis, MN	3.0	1.0	1020	$1,750	$1.72	93d	1	0.94mi
2113 11th Ave S Minneapolis, MN	3.0	1.0	900	$2,100	$2.33	67d	1	0.94mi
2220 Snelling Ave Minneapolis, MN	2.0	1.0–2.0	656	$1,904	$2.90	15d	21	0.95mi
3322 Clinton Ave #2 Minneapolis, MN	4.0	1.0	1700	$1,995	$1.17	73d	1	0.95mi
3744 11th Ave S Unit 3746 Minneapolis, MN	3.0	1.0	1760	$2,050	$1.16	35d	1	0.96mi
2615 E 29th St Minneapolis, MN	2.0	1.0–2.0	670	$1,925	$2.87	8d	20	0.97mi
3228 3rd Ave S Unit 2 Minneapolis, MN	3.0	1.0	1500	$1,860	$1.24	38d	1	0.97mi

Listing history 48 events

1. 2026-07-28
   days on market $280,000 Active 130 DOM
2. 2026-07-26
   days on market $280,000 Active 128 DOM
3. 2026-07-24
   days on market $280,000 Active 126 DOM
4. 2026-07-23
   days on market $280,000 Active 125 DOM
5. 2026-07-22
   days on market $280,000 Active 124 DOM
6. 2026-07-21
   days on market $280,000 Active 123 DOM
7. 2026-07-20
   days on market $280,000 Active 122 DOM
8. 2026-07-18
   days on market $280,000 Active 120 DOM
9. 2026-07-18
   days on market $280,000 Active 119 DOM
10. 2026-07-16
    days on market $280,000 Active 118 DOM
11. 2026-07-15
    days on market $280,000 Active 117 DOM
12. 2026-07-14
    days on market $280,000 Active 116 DOM
13. 2026-07-13
    days on market $280,000 Active 115 DOM
14. 2026-07-13
    days on market $280,000 Active 114 DOM
15. 2026-07-11
    days on market $280,000 Active 113 DOM
16. 2026-07-10
    days on market $280,000 Active 112 DOM
17. 2026-07-09
    days on market $280,000 Active 111 DOM
18. 2026-07-07
    days on market $280,000 Active 109 DOM
19. 2026-07-06
    days on market $280,000 Active 108 DOM
20. 2026-07-06
    days on market $280,000 Active 107 DOM
21. 2026-07-05
    days on market $280,000 Active 106 DOM
22. 2026-07-03
    days on market $280,000 Active 105 DOM
23. 2026-07-02
    days on market $280,000 Active 104 DOM
24. 2026-07-01
    days on market $280,000 Active 103 DOM
25. 2026-06-30
    days on market $280,000 Active 102 DOM
26. 2026-06-29
    days on market $280,000 Active 101 DOM
27. 2026-06-28
    days on market $280,000 Active 100 DOM
28. 2026-06-27
    days on market $280,000 Active 99 DOM
29. 2026-06-26
    days on market $280,000 Active 98 DOM
30. 2026-06-24
    days on market $280,000 Active 96 DOM
31. 2026-06-22
    days on market $280,000 Active 94 DOM
32. 2026-06-21
    days on market $280,000 Active 93 DOM
33. 2026-06-18
    days on market $280,000 Active 90 DOM
34. 2026-06-17
    days on market $280,000 Active 89 DOM
35. 2026-06-16
    days on market $280,000 Active 88 DOM
36. 2026-06-15
    days on market $280,000 Active 87 DOM
37. 2026-06-13
    days on market $280,000 Active 85 DOM
38. 2026-06-09
    days on market $280,000 Active 81 DOM
39. 2026-06-08
    days on market $280,000 Active 80 DOM
40. 2026-06-07
    days on market $280,000 Active 79 DOM
41. 2026-06-04
    days on market $280,000 Active 76 DOM
42. 2026-06-03
    days on market $280,000 Active 75 DOM
43. 2026-06-02
    days on market $280,000 Active 74 DOM
44. 2026-06-01
    days on market $280,000 Active 73 DOM
45. 2026-05-31
    days on market $280,000 Active 72 DOM
46. 2026-04-27
    price $280,000 1847-char remark

    Show marketing remark (1847 chars)

    Rare opportunity to acquire a classic up/down duplex in the heart of Minneapolis that has been under the same ownership since 1994. Situated on a double lot with a fenced yard, this property offers both stability and long-term upside potential. This well-laid-out duplex features two spacious units, each offering 3 bedrooms and 1 bathroom, with a total of 2,678 finished square feet. The upper unit showcases hardwood floors and an updated kitchen, while both units offer functional layouts and the highly desirable convenience of in-unit laundry, a major draw for tenants. The property is currently occupied by long-term tenants, providing immediate, reliable income. The main floor rents for $1,500 per month, and the upper unit rents for $1,650 per month. Residents pay their own electricity. Rents have not been increased to match current market levels, as ownership has prioritized tenant stability, presenting a clear opportunity for future value growth. The stucco exterior is complemented by a pitched roof. The windows were recently replaced through the city’s lead abatement program, adding long-term value and peace of mind. The property is heated by a boiler system, with a newer boiler (~ 5 years old) and water heater (~ 6 years old), helping reduce near-term capital expenses. An unfinished attic provides additional storage, and a detached shed offers further convenience for tenants. Located near public transit and just steps from a variety of restaurants, shopping, and neighborhood staples including Mercado Central and Ingebretsen’s, this property offers strong appeal for renters seeking convenience and walkability. Located in a highly walkable area near Powderhorn Park, this duplex offers strong fundamentals, stable tenancy, and meaningful upside, making it a solid addition to any investment portfolio.

47. 2026-03-20
    listed $295,000 Active 1847-char remark

    Show marketing remark (1847 chars)

    Rare opportunity to acquire a classic up/down duplex in the heart of Minneapolis that has been under the same ownership since 1994. Situated on a double lot with a fenced yard, this property offers both stability and long-term upside potential. This well-laid-out duplex features two spacious units, each offering 3 bedrooms and 1 bathroom, with a total of 2,678 finished square feet. The upper unit showcases hardwood floors and an updated kitchen, while both units offer functional layouts and the highly desirable convenience of in-unit laundry, a major draw for tenants. The property is currently occupied by long-term tenants, providing immediate, reliable income. The main floor rents for $1,500 per month, and the upper unit rents for $1,650 per month. Residents pay their own electricity. Rents have not been increased to match current market levels, as ownership has prioritized tenant stability, presenting a clear opportunity for future value growth. The stucco exterior is complemented by a pitched roof. The windows were recently replaced through the city’s lead abatement program, adding long-term value and peace of mind. The property is heated by a boiler system, with a newer boiler (~ 5 years old) and water heater (~ 6 years old), helping reduce near-term capital expenses. An unfinished attic provides additional storage, and a detached shed offers further convenience for tenants. Located near public transit and just steps from a variety of restaurants, shopping, and neighborhood staples including Mercado Central and Ingebretsen’s, this property offers strong appeal for renters seeking convenience and walkability. Located in a highly walkable area near Powderhorn Park, this duplex offers strong fundamentals, stable tenancy, and meaningful upside, making it a solid addition to any investment portfolio.

48. 1987-11-01
    soldstatus $35,500

ⓘ 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: $1,196 · $100/mo
• Projected year-2 tax: $2,166 · $180/mo
• Expected delta: +$970/yr (+$81/mo · 81.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,204
• − Mortgage interest: −$15,684
• − Property taxes: −$1,196
• − Insurance: −$1,400
• − Repairs & maintenance: −$3,616
• − Management: −$3,616
• − Depreciation: −$8,145
• Taxable income: $11,546
• Est. tax owed @ 24.0%: −$2,771
• After-tax cash flow: $12,724/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.

Condition & rehab AI · 3 photos

Fair 45/100 Moderate rehab Est. rehab $66,950–$120,510 screening

This multi-family property requires significant repairs and maintenance, particularly to the roof and exterior, to improve its condition and value.

Deferred maintenance Est. $30,000–$90,000 screening

• Major Roof (roof) — Significant damage and missing shingles are visible.
• Major Windows (windows) — Windows appear to be old and possibly in need of replacement.
• Major Exterior (exterior) — Exterior walls show significant wear and tear, indicating potential structural issues.

Repairs flagged

• Major roof — Significant damage with missing shingles
• Major siding — Weathered and peeling
• Major HVAC/mechanicals — Likely in need of maintenance or replacement

Value-add opportunities

• Both roof repair — Fixing the roof would improve both the resale and rental value ↑
• Both exterior painting — Fresh paint would enhance curb appeal and property value ↑
• Both landscaping — Well-maintained landscaping would attract tenants and buyers ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 2/100

Zoned Schools

Elementary Cityview Elementary F MN #856/857 Nat'l #41,309/41,679 High South High

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

B Composite livability gradescore 78/100

Livability — Minneapolis

• Score: 78/100
• State rank: #110
• US rank: #2525

Category grades

Amenities A+ Commute A+ Cost of living C- Crime F Employment A- Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Minneapolis, MN
• County: Hennepin County · 1,405,227 people
• City population: 417,555
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 37,667
• Household income: $78,464
• Rent vs Own: 41.1% rent · 58.9% own
• Severe rent burden: 13% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 50% Hispanic / Latino 23% Black 18% Two or more races 10% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Portuguese 8% Romanian 3% Lithuanian 2%
• Foreign-born: 18% · Canada, Jamaica
• Languages at home: 68% English-only · Spanish 20% Other Asian/Pacific 1%

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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: ▼ -211.97%
• Current HPI: 292.0322
• Rent YoY: ▲ 4.30%
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• State GDP YoY: ▲ 2.41%
• F500 in state: 34

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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

+688.7% since first listed

3 events — show timeline

• 2026-04-27 Price Changed $280,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-20 Listed $295,000 NORTHSTARMLS as Distributed by MLS Grid
• 1987-11-01 Sold (Public Records) $35,500 Public Records

Property tax history

-4.7%/yr

Latest (2025): $1,196 · -50.3% YoY. Source: county tax records.