1907 S 5th St · Minneapolis, MN 55454

$249,999

2 bd · 1.0 ba · 1,208 sqft · Townhouse public records · 94 Days on market

Built 1986 1,306 sqft lot $207/sqft · 44% below area Est $445k · 44% under $350/mo HOA · 19% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Appreciation +5.6/10.0
• Cash flow +5.1/30.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Beautiful Multi-Level Townhome in Prime Cedar-Riverside Location. Welcome to easy living in the heart of Minneapolis. This charming multi-level townhome offers an unbeatable location just minutes from Augsburg University and the University of Minnesota, making it a great fit for professionals, students, or anyone looking to enjoy convenient city living. Step inside to a welcoming slate tile entry that leads into a spacious living room with dramatic vaulted ceilings and abundant natural light. The living area opens directly to a private patio and backyard, creating the perfect setting for relaxing, entertaining, or spending time with pets in this pet-friendly community. The updated kitchen features granite countertops, stainless steel appliances, and opens seamlessly to the dining area, offering a comfortable layout for both everyday living and hosting guests. Upstairs, the top-floor primary bedroom provides a bright and airy retreat with a skylight and generous double closets. Additional highlights include in-unit laundry, an attached garage, and a smart multi-level layout that offers both privacy and functionality. The property also has new siding, windows, carpeting and recently fully serviced HVAC! Set within a well-maintained, self-managed association with low HOA fees, this home delivers easy, low-maintenance living while keeping you close to dining, parks, river trails, campus amenities, and downtown Minneapolis. A rare opportunity to own a stylish and conveniently located home in one of Minneapolis’ most vibrant neighborhoods.

Key facts

• Private patio
• Updated kitchen
• Multi-level townhome

Tags

• MULTI-LEVEL TOWNHOME
• SLATE TILE ENTRY
• PRIVATE PATIO
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $250k.

Deal economics

• At list price, monthly cash flow is $-581 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $147k (41.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $185k (26.0% below list).
• Recommended offer: $147k (41.0% below list) — sets the bar for cash-flow.

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: 9 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,651 units permitted in Hennepin County in 2024 (2,443 in 5+ unit buildings).
• At $1,849/mo this rent would consume 96% of the median local household income ($23k/yr) (locally 800% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $5k of equity ($2k loan paydown + $3k appreciation (1.3% local appreciation)).
• Hennepin County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($227k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y ago; this cycle's ask has dropped $30k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $147,393 (41.0% below list)

Questions for the listing agent

1. 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?
2. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.74% ✗
• Cap rate: 3.50%
• Cash-on-cash: -9.96%
• DSCR: 0.56
• GRM: 11.3

CMA / ARV

• ARV (median comp): $445,259
• List price: $249,999
• Delta: -43.85%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

1.28% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.0%
• Equity multiple: 0.59×
• Total profit: $-28,663
• Equity at exit: $88,999

10-year hold

• IRR: -2.3%
• Equity multiple: 0.71×
• Total profit: $-20,472
• Equity at exit: $121,150

Cash invested: $70,000 (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 →

ZIP-level market 55454

• Home prices YoY: 0.6%
• Active inventory: 9
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,849 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$276 /mo · $3,317/yr
• Insurance: −$104
• HOA: −$350
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $-581

Break-even live

Break-even rent $2,584

Max offer price $147,393

Occupancy floor —

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2015 Riverside Ave Minneapolis, MN	1.0–2.0	1.0	886	$1,720	$1.94	1d	9	0.12mi
1901 Minnehaha Ave Minneapolis, MN	2.0	1.0	840	$1,550	$1.85	14d	1	0.32mi
1800 Washington Ave S Minneapolis, MN	2.0	1.0–2.0	674	$2,310	$3.43	2d	23	0.33mi
2220 E Franklin Ave Minneapolis, MN	1.0–2.0	1.0–1.5	730	$1,756	$2.41	2d	11	0.49mi
2107 21st Ave S Unit 2020-311 Minneapolis, MN	1.0	1.0	700	$1,050	$1.50	24d	1	0.52mi
2107 21st Ave S Unit 2020-111 Minneapolis, MN	1.0	1.0	700	$1,050	$1.50	43d	1	0.52mi
2107 21st Ave S Minneapolis, MN	1.0	1.0	570	$1,050	$1.84	16d	6	0.52mi
2107 Cedar Ave S Minneapolis, MN	3.0	1.0–2.0	792	$1,464	$1.85	1d	26	0.52mi
2520 S 8th St Minneapolis, MN	2.0	1.0–2.0	721	$2,445	$3.39	17d	11	0.53mi
2520 S 8th St Minneapolis, MN	2.0	1.0–2.0	721	$2,457	$3.41	1d	9	0.53mi
2108 16th Ave S Unit 1 Minneapolis, MN	3.0	1.0	1020	$1,750	$1.72	43d	1	0.61mi
1010 S 7th St Minneapolis, MN	2.0	1.0–2.0	834	$2,725	$3.27	43d	1	0.62mi
2220 Snelling Ave Minneapolis, MN	2.0	1.0–2.0	675	$2,024	$3.00	1d	28	0.62mi
1423 11th Ave S Minneapolis, MN	1.0–2.0	1.0	818	$1,800	$2.20	2d	29	0.63mi
212 10th Ave S Minneapolis, MN	3.0	1.0–2.5	1490	$6,415	$4.31	1d	10	0.71mi
1802 11th Ave S Unit 5 Minneapolis, MN	1.0	1.0	700	$1,475	$2.11	17d	1	0.72mi
1907 11th Ave S Unit 3 Minneapolis, MN	2.0	1.0	1057	$1,375	$1.30	7d	1	0.73mi
2316 25th Ave S Unit 1 Yellow Minneapolis, MN	2.0	1.0	900	$1,495	$1.66	43d	1	0.76mi
811 Washington Ave S Minneapolis, MN	1.0–2.0	1.0–2.0	862	$3,099	$3.60	19d	9	0.79mi
2113 11th Ave S Minneapolis, MN	3.0	1.0	900	$2,100	$2.33	17d	1	0.82mi
240 Chicago Ave Minneapolis, MN	2.0	1.0–2.0	825	$3,036	$3.68	1d	11	0.83mi
700 S 4th St Minneapolis, MN	2.0	1.0–2.0	897	$3,995	$4.45	1d	26	0.84mi
1000 University Ave SE Minneapolis, MN	2.0–4.0	1.0–2.0	1136	$1,880	$1.65	24d	9	0.86mi
736 E 16th St Minneapolis, MN	1.0–2.0	1.0	650	$1,100	$1.69	23d	2	0.89mi
205 Park Ave Minneapolis, MN	1.0–2.0	1.0–2.0	859	$3,158	$3.68	7d	5	0.89mi
736 E 16th St #21 Minneapolis, MN	2.0	1.0	757	$1,150	$1.52	43d	1	0.89mi
240 Park Ave Minneapolis, MN	1.0–2.0	1.0–2.0	1047	$3,875	$3.70	2d	2	0.91mi
735 E 16th St #2 Minneapolis, MN	3.0	1.0	1296	$1,650	$1.27	24d	1	0.91mi
250 Park Ave #215 Minneapolis, MN	1.0	1.0	961	$2,350	$2.45	14d	1	0.91mi
729 E 16th St Apt 11 Minneapolis, MN	1.0	1.0	1050	$1,195	$1.14	43d	1	0.92mi
1215 4th St SE Unit 1 Minneapolis, MN	3.0	1.0	1050	$1,600	$1.52	43d	1	0.94mi
225 Portland Ave Minneapolis, MN	2.0	1.0–2.0	837	$3,420	$4.08	2d	70	0.95mi
708 University Ave SE Minneapolis, MN	1.0	1.0	775	$1,100	$1.42	3d	3	0.96mi
940 Franklin Ter Minneapolis, MN	1.0–2.0	1.0	667	$1,500	$2.25	2d	8	0.98mi
425 13th Ave SE Minneapolis, MN	1.0–4.0	1.0–2.0	827	$1,497	$1.81	2d	36	0.98mi
250 Portland Ave Minneapolis, MN	1.0–2.0	1.0–2.0	902	$3,372	$3.74	2d	11	0.98mi
615 S 8th St Minneapolis, MN	2.0	1.0–2.5	1248	$6,125	$4.91	1d	52	0.99mi
701 University Ave SE Minneapolis, MN	1.0	1.0	750	$1,099	$1.47	3d	2	1.00mi
2609 16th Ave S Minneapolis, MN	1.0	1.0	750	$1,198	$1.60	43d	1	1.01mi
1518 Park Ave Minneapolis, MN	3.0	1.0	1200	$1,850	$1.54	10d	1	1.01mi

HOA detail

• Monthly dues: $350 · $4,200/yr

Listing history 30 events

1. 2026-06-18
   days on market $249,999 Active 94 DOM
2. 2026-06-17
   days on market $249,999 Active 93 DOM
3. 2026-06-16
   days on market $249,999 Active 92 DOM
4. 2026-06-15
   days on market $249,999 Active 91 DOM
5. 2026-06-13
   days on market $249,999 Active 89 DOM
6. 2026-06-09
   days on market $249,999 Active 85 DOM
7. 2026-06-08
   days on market $249,999 Active 84 DOM
8. 2026-06-07
   days on market $249,999 Active 83 DOM
9. 2026-06-04
   days on market $249,999 Active 80 DOM
10. 2026-06-03
    days on market $249,999 Active 79 DOM
11. 2026-06-02
    days on market $249,999 Active 78 DOM
12. 2026-06-01
    days on market $249,999 Active 77 DOM
13. 2026-05-31
    days on market $249,999 Active 76 DOM
14. 2026-05-15
    price $249,999 1571-char remark

    Show marketing remark (1571 chars)

    Beautiful Multi-Level Townhome in Prime Cedar-Riverside Location. Welcome to easy living in the heart of Minneapolis. This charming multi-level townhome offers an unbeatable location just minutes from Augsburg University and the University of Minnesota, making it a great fit for professionals, students, or anyone looking to enjoy convenient city living. Step inside to a welcoming slate tile entry that leads into a spacious living room with dramatic vaulted ceilings and abundant natural light. The living area opens directly to a private patio and backyard, creating the perfect setting for relaxing, entertaining, or spending time with pets in this pet-friendly community. The updated kitchen features granite countertops, stainless steel appliances, and opens seamlessly to the dining area, offering a comfortable layout for both everyday living and hosting guests. Upstairs, the top-floor primary bedroom provides a bright and airy retreat with a skylight and generous double closets. Additional highlights include in-unit laundry, an attached garage, and a smart multi-level layout that offers both privacy and functionality. The property also has new siding, windows, carpeting and recently fully serviced HVAC! Set within a well-maintained, self-managed association with low HOA fees, this home delivers easy, low-maintenance living while keeping you close to dining, parks, river trails, campus amenities, and downtown Minneapolis. A rare opportunity to own a stylish and conveniently located home in one of Minneapolis’ most vibrant neighborhoods.

15. 2026-05-01
    status Active 1571-char remark

    Show marketing remark (1571 chars)

    Beautiful Multi-Level Townhome in Prime Cedar-Riverside Location. Welcome to easy living in the heart of Minneapolis. This charming multi-level townhome offers an unbeatable location just minutes from Augsburg University and the University of Minnesota, making it a great fit for professionals, students, or anyone looking to enjoy convenient city living. Step inside to a welcoming slate tile entry that leads into a spacious living room with dramatic vaulted ceilings and abundant natural light. The living area opens directly to a private patio and backyard, creating the perfect setting for relaxing, entertaining, or spending time with pets in this pet-friendly community. The updated kitchen features granite countertops, stainless steel appliances, and opens seamlessly to the dining area, offering a comfortable layout for both everyday living and hosting guests. Upstairs, the top-floor primary bedroom provides a bright and airy retreat with a skylight and generous double closets. Additional highlights include in-unit laundry, an attached garage, and a smart multi-level layout that offers both privacy and functionality. The property also has new siding, windows, carpeting and recently fully serviced HVAC! Set within a well-maintained, self-managed association with low HOA fees, this home delivers easy, low-maintenance living while keeping you close to dining, parks, river trails, campus amenities, and downtown Minneapolis. A rare opportunity to own a stylish and conveniently located home in one of Minneapolis’ most vibrant neighborhoods.

16. 2026-04-28
    historical 1571-char remark

    Show marketing remark (1571 chars)

    Beautiful Multi-Level Townhome in Prime Cedar-Riverside Location. Welcome to easy living in the heart of Minneapolis. This charming multi-level townhome offers an unbeatable location just minutes from Augsburg University and the University of Minnesota, making it a great fit for professionals, students, or anyone looking to enjoy convenient city living. Step inside to a welcoming slate tile entry that leads into a spacious living room with dramatic vaulted ceilings and abundant natural light. The living area opens directly to a private patio and backyard, creating the perfect setting for relaxing, entertaining, or spending time with pets in this pet-friendly community. The updated kitchen features granite countertops, stainless steel appliances, and opens seamlessly to the dining area, offering a comfortable layout for both everyday living and hosting guests. Upstairs, the top-floor primary bedroom provides a bright and airy retreat with a skylight and generous double closets. Additional highlights include in-unit laundry, an attached garage, and a smart multi-level layout that offers both privacy and functionality. The property also has new siding, windows, carpeting and recently fully serviced HVAC! Set within a well-maintained, self-managed association with low HOA fees, this home delivers easy, low-maintenance living while keeping you close to dining, parks, river trails, campus amenities, and downtown Minneapolis. A rare opportunity to own a stylish and conveniently located home in one of Minneapolis’ most vibrant neighborhoods.

17. 2026-04-06
    price $264,900 1571-char remark

    Show marketing remark (1571 chars)

    Beautiful Multi-Level Townhome in Prime Cedar-Riverside Location. Welcome to easy living in the heart of Minneapolis. This charming multi-level townhome offers an unbeatable location just minutes from Augsburg University and the University of Minnesota, making it a great fit for professionals, students, or anyone looking to enjoy convenient city living. Step inside to a welcoming slate tile entry that leads into a spacious living room with dramatic vaulted ceilings and abundant natural light. The living area opens directly to a private patio and backyard, creating the perfect setting for relaxing, entertaining, or spending time with pets in this pet-friendly community. The updated kitchen features granite countertops, stainless steel appliances, and opens seamlessly to the dining area, offering a comfortable layout for both everyday living and hosting guests. Upstairs, the top-floor primary bedroom provides a bright and airy retreat with a skylight and generous double closets. Additional highlights include in-unit laundry, an attached garage, and a smart multi-level layout that offers both privacy and functionality. The property also has new siding, windows, carpeting and recently fully serviced HVAC! Set within a well-maintained, self-managed association with low HOA fees, this home delivers easy, low-maintenance living while keeping you close to dining, parks, river trails, campus amenities, and downtown Minneapolis. A rare opportunity to own a stylish and conveniently located home in one of Minneapolis’ most vibrant neighborhoods.

18. 2026-03-14
    listed $279,900 Active 1571-char remark

    Show marketing remark (1571 chars)

    Beautiful Multi-Level Townhome in Prime Cedar-Riverside Location. Welcome to easy living in the heart of Minneapolis. This charming multi-level townhome offers an unbeatable location just minutes from Augsburg University and the University of Minnesota, making it a great fit for professionals, students, or anyone looking to enjoy convenient city living. Step inside to a welcoming slate tile entry that leads into a spacious living room with dramatic vaulted ceilings and abundant natural light. The living area opens directly to a private patio and backyard, creating the perfect setting for relaxing, entertaining, or spending time with pets in this pet-friendly community. The updated kitchen features granite countertops, stainless steel appliances, and opens seamlessly to the dining area, offering a comfortable layout for both everyday living and hosting guests. Upstairs, the top-floor primary bedroom provides a bright and airy retreat with a skylight and generous double closets. Additional highlights include in-unit laundry, an attached garage, and a smart multi-level layout that offers both privacy and functionality. The property also has new siding, windows, carpeting and recently fully serviced HVAC! Set within a well-maintained, self-managed association with low HOA fees, this home delivers easy, low-maintenance living while keeping you close to dining, parks, river trails, campus amenities, and downtown Minneapolis. A rare opportunity to own a stylish and conveniently located home in one of Minneapolis’ most vibrant neighborhoods.

19. 2024-05-20
    soldstatus $225,000
20. 2018-12-10
    soldstatus $225,000
21. 2018-10-12
    soldstatus $225,000 Sold 497-char remark

    Show marketing remark (497 chars)

    Spacious townhouse right next to Augsburg and the University of Minnesota! Pet friendly! Low association fee! - Large living room with vaulted ceiling and french door to patio. Spacious kitchen with dishwasher, pantry, and great counter & cabinet space. Open dining room. Top floor master bedroom with skylight and double closet. Second upstairs bedroom with nice closet. Slate tiled entry area. In-unit laundry. Private fenced back yard with paver patio. Amazing location close to everything!

22. 2018-10-08
    status Pending 497-char remark

    Show marketing remark (497 chars)

    Spacious townhouse right next to Augsburg and the University of Minnesota! Pet friendly! Low association fee! - Large living room with vaulted ceiling and french door to patio. Spacious kitchen with dishwasher, pantry, and great counter & cabinet space. Open dining room. Top floor master bedroom with skylight and double closet. Second upstairs bedroom with nice closet. Slate tiled entry area. In-unit laundry. Private fenced back yard with paver patio. Amazing location close to everything!

23. 2018-09-14
    historical Contingent - Inspection 497-char remark

    Show marketing remark (497 chars)

    Spacious townhouse right next to Augsburg and the University of Minnesota! Pet friendly! Low association fee! - Large living room with vaulted ceiling and french door to patio. Spacious kitchen with dishwasher, pantry, and great counter & cabinet space. Open dining room. Top floor master bedroom with skylight and double closet. Second upstairs bedroom with nice closet. Slate tiled entry area. In-unit laundry. Private fenced back yard with paver patio. Amazing location close to everything!

24. 2018-08-28
    price $225,000 497-char remark

    Show marketing remark (497 chars)

    Spacious townhouse right next to Augsburg and the University of Minnesota! Pet friendly! Low association fee! - Large living room with vaulted ceiling and french door to patio. Spacious kitchen with dishwasher, pantry, and great counter & cabinet space. Open dining room. Top floor master bedroom with skylight and double closet. Second upstairs bedroom with nice closet. Slate tiled entry area. In-unit laundry. Private fenced back yard with paver patio. Amazing location close to everything!

25. 2018-08-17
    listed $235,000 Active 497-char remark

    Show marketing remark (497 chars)

    Spacious townhouse right next to Augsburg and the University of Minnesota! Pet friendly! Low association fee! - Large living room with vaulted ceiling and french door to patio. Spacious kitchen with dishwasher, pantry, and great counter & cabinet space. Open dining room. Top floor master bedroom with skylight and double closet. Second upstairs bedroom with nice closet. Slate tiled entry area. In-unit laundry. Private fenced back yard with paver patio. Amazing location close to everything!

26. 2004-12-22
    soldstatus $205,000
27. 2004-10-18
    soldstatus $205,000
28. 2004-09-12
    historical
29. 2004-08-30
    listed $209,900
30. 1985-08-01
    soldstatus $75,000

ⓘ 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: $3,317 · $276/mo
• Projected year-2 tax: $3,317 · $276/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

Taxation est. · year 1

• Rental income: $22,188
• − Mortgage interest: −$14,004
• − Property taxes: −$3,317
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,775
• − Management: −$1,775
• − HOA: −$4,200
• − Depreciation: −$7,273
• Taxable loss: −$11,405
• Est. tax savings @ 24.0%: +$2,737
• After-tax cash flow: $-4,233/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

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 · 1,150,272 people
• City population: 417,555
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 8,880
• Household income: $23,100
• Rent vs Own: 91.8% rent · 8.2% own
• Severe rent burden: 800.0

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 0.60)
• Race & ethnicity: Black 58% White 25% Two or more races 7% Asian 6% Hispanic / Latino 4%
• Common ancestry: Portuguese 3% Romanian 2% Italian 2%
• Foreign-born: 39% · Canada, South Korea, China
• Languages at home: 43% English-only · Arabic 3% Spanish 2% Other Asian/Pacific 2%

Political lean MEDSL · Hennepin

• 2024 margin: Solid D (+42.6) · D 70.2% · R 27.5% · Other 2.3%
• 2008→2024 swing: +14.0pp toward D · 2008: 28.6pp · 2024: 42.6pp
• All cycles: 2024: D+42.6 2020: D+43.2 2016: D+35.3 2012: D+27.1 2008: D+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.28%
• Current HPI: 230.9924
• Rent YoY: —
• 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

+233.3% since first listed

17 events — show timeline

• 2026-05-15 Price Changed $249,999 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-01 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-28 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-06 Price Changed $264,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-14 Listed $279,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-05-20 Sold (Public Records) $225,000 Public Records
• 2018-12-10 Sold (Public Records) $225,000 Public Records
• 2018-10-12 Sold (MLS) $225,000 NORTHSTARMLS as Distributed by MLS Grid
• 2018-10-08 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2018-09-14 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2018-08-28 Price Changed $225,000 NORTHSTARMLS as Distributed by MLS Grid
• 2018-08-17 Listed $235,000 NORTHSTARMLS as Distributed by MLS Grid
• 2004-12-22 Sold (Public Records) $205,000 Public Records
• 2004-10-18 Sold (MLS) $205,000 NORTHSTARMLS as Distributed by MLS Grid
• 2004-09-12 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2004-08-30 Listed $209,900 NORTHSTARMLS as Distributed by MLS Grid
• 1985-08-01 Sold (Public Records) $75,000 Public Records

Property tax history

+0.9%/yr

Latest (2025): $3,317 · +13.9% YoY. Source: county tax records.