433 S 7th St #1623 · Minneapolis, MN 55415

$239,900

2 bd · 2.0 ba · 1,000 sqft · Condo public records · 376 Days on market

Built 1985 $240/sqft · 15% below area Est $286k · 16% under $1225/mo HOA · 41% of rent ↓ 5% since listing

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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 +14.7/15.0
• 1% rule +7.3/10.0
• Cash flow +6.1/30.0
• 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
• DSCR +0.4/10.0

Listing remarks MLS

Welcome to Unit 1623 at Centre Village Condos, 433 S 7th St, Minneapolis, MN 55415! Experience the best of downtown living in this stunning, quiet corner unit, perfectly positioned to capture breathtaking city views with both sunrise and sunset vistas. Step inside to discover a freshly updated, contemporary interior featuring new paint and plush carpeting, complemented by sleek modern trim throughout. Enjoy the peace and privacy of a corner unit with no neighbor noise, and take advantage of the convenience of your own storage room located just across the hall. The building offers direct skyway access, connecting you effortlessly to Minneapolis’ vibrant events, top restaurants, and entertainment venues—no need to brave the weather! Centre Village Condos is renowned for its unbeatable location. You’ll be steps from U.S. Bank Stadium, the Guthrie Theater, and the Mill City Museum. Nearby dining hotspots include Eastside Eat + Drink, Zen Box Izakaya, and Finnegans Brew Co. For your daily needs, Trader Joe’s and Whole Foods are just a short walk away. Whether you’re seeking a serene urban retreat or a lively downtown lifestyle, this move-in-ready condo offers it all. Don’t miss your chance to live in one of Minneapolis’ most desirable communities—schedule your tour today!

Key facts

• $1,225 HOA
• Garage
• Community pool

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $240k.

Deal economics

• At list price, monthly cash flow is $-451 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $160k (33.2% below list).
• Meets the 1% rule at list price ($3k rent vs $240k).
• Recommended offer: $160k (33.2% below list) — sets the bar for cash-flow.
• Cap rate 4.0% vs local median 3.1% in Minneapolis — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#110 in MN, #2,525 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: cost of living C-, crime F.
• Minneapolis Public School District (urban): math 35% / reading 46% proficiency, ranked #217 of 301 in MN (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Las Estrellas Elementary (math 15% / reading 12%, grade F, #797 of 857 statewide, top 93%, 336 students, 75% FRL); Northeast Middle (math 13% / reading 31%, grade F, #225 of 258 statewide, top 89%, 501 students, 65% FRL); Edison High (math 24% / reading 50%, grade F, #282 of 471 statewide, top 63%, 896 students, 76% FRL).
• Zoned-school proficiency averages 24% at this address vs 40% district-wide (-16 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 (+2.6%/yr); 82 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 1d 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Hennepin County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 376 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 41% of rent.

Recommended offer $160,162 (33.2% 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 376 days. Have you received any prior offers? Is the seller open to a 33% 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. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
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: 1.23% ✓
• Cap rate: 4.04%
• Cash-on-cash: -8.06%
• DSCR: 0.64
• GRM: 6.8

CMA / ARV

• ARV (median comp): $285,707
• List price: $239,900
• Delta: -16.03%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.65% rent growth · sell at horizon

5-year hold

• IRR: -30.7%
• Equity multiple: -0.01×
• Total profit: $-67,922
• Equity at exit: $35,770

10-year hold

• IRR: -34.1%
• Equity multiple: -0.45×
• Total profit: $-97,394
• Equity at exit: $20,742

Cash invested: $67,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

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

Tenant Opportunity to Purchase; renter's protections.

Methodology + full state rankings →

ZIP-level market 55415

• Home prices YoY: -2.4%
• Rents YoY: 2.6%
• Active inventory: 82
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,953 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$201 /mo · $2,414/yr
• Insurance: −$100
• HOA: −$1,225
• Vacancy / Maint / Mgmt: −$620
• Net cashflow: $-451

Break-even live

Break-even rent $3,524

Max offer price $160,162

Occupancy floor —

Sensitivity live

Price	-10% $-316	-5% $-383	+0% $-451	+5% $-519	+10% $-587
Rent	-10% $-685	-5% $-568	+0% $-451	+5% $-335	+10% $-218
Rate	-1.0pp $-331	-0.5pp $-390	base $-451	+0.5pp $-514	+1.0pp $-577

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

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	16d	1	0.01mi
650 Portland Ave Minneapolis, MN	2.0	1.0–2.0	1104	$4,141	$3.75	1d	16	0.07mi
521 S 7th St Minneapolis, MN	1.0–2.0	1.0–1.5	784	$2,375	$3.03	4d	2	0.08mi
600 5th Ave S Minneapolis, MN	1.0–2.0	1.0–2.0	878	$3,315	$3.78	1d	12	0.08mi
615 S 8th St Minneapolis, MN	2.0	1.0–2.5	1252	$6,125	$4.89	1d	49	0.13mi
511 S 4th St Minneapolis, MN	2.0	1.0–2.0	882	$2,940	$3.33	0d	11	0.22mi
929 Portland Ave Minneapolis, MN	2.0	2.0	1120	$2,499	$2.23	45d	1	0.23mi
608 2nd Ave S Minneapolis, MN	1.0–2.0	1.0–2.0	999	$2,314	$2.32	0d	32	0.23mi
101 S 5th St Minneapolis, MN	3.0	1.0–2.0	1249	$3,156	$2.53	0d	34	0.31mi
515 E Grant St Minneapolis, MN	1.0–2.0	1.0	820	$1,696	$2.07	3d	10	0.31mi
90 S 9th St Minneapolis, MN	2.0	1.0	823	$2,000	$2.43	0d	3	0.33mi
1400 Park Ave Minneapolis, MN	2.0	1.0–2.0	875	$2,630	$3.01	1d	23	0.34mi
1111 3rd Ave S Unit 1511914P Minneapolis, MN	5.0	1.0–3.0	1178	$7,727	$6.56	0d	5	0.36mi
700 S 4th St Minneapolis, MN	2.0	1.0–2.0	897	$3,995	$4.45	0d	24	0.36mi
465 Nicollet Mall Minneapolis, MN	2.0	1.0–3.0	1153	$4,590	$3.98	0d	14	0.37mi
250 Portland Ave Minneapolis, MN	1.0–2.0	1.0–2.0	897	$3,367	$3.75	0d	9	0.38mi
400 Marquette Ave Minneapolis, MN	3.0	1.0–2.0	1103	$3,373	$3.06	0d	11	0.38mi
95 S 10th St Minneapolis, MN	2.0	1.0–2.0	688	$2,321	$3.37	0d	30	0.38mi
250 Park Ave #215 Minneapolis, MN	1.0	1.0	961	$2,350	$2.45	16d	1	0.38mi
365 Nicollet Mall Minneapolis, MN	3.0	1.0–3.5	1656	$7,054	$4.26	0d	35	0.40mi
240 Park Ave Minneapolis, MN	1.0–2.0	1.0–2.0	1047	$3,875	$3.70	5d	2	0.41mi
1117 Marquette Ave Minneapolis, MN	1.0–2.0	1.0–2.0	886	$1,869	$2.11	0d	17	0.44mi
240 Chicago Ave Minneapolis, MN	2.0	1.0–2.0	825	$3,036	$3.68	1d	14	0.45mi
225 Portland Ave Minneapolis, MN	2.0	1.0–2.0	837	$3,420	$4.08	0d	71	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	16d	1	0.45mi
1010 S 7th St Minneapolis, MN	2.0	1.0–2.0	834	$2,725	$3.27	45d	1	0.47mi
736 E 16th St Minneapolis, MN	1.0–2.0	1.0	650	$1,100	$1.69	25d	2	0.48mi
811 Washington Ave S Minneapolis, MN	1.0–2.0	1.0–2.0	862	$3,099	$3.60	21d	9	0.48mi
736 E 16th St #21 Minneapolis, MN	2.0	1.0	757	$1,150	$1.52	45d	1	0.48mi
205 Park Ave Minneapolis, MN	1.0–2.0	1.0–2.0	859	$3,158	$3.68	1d	5	0.49mi
729 E 16th St Apt 11 Minneapolis, MN	1.0	1.0	1050	$1,195	$1.14	45d	1	0.50mi
729 E 16th St Apt 5 Minneapolis, MN	1.0	1.0	1050	$1,195	$1.14	1d	1	0.50mi
735 E 16th St #2 Minneapolis, MN	3.0	1.0	1296	$1,650	$1.27	26d	1	0.50mi
270 Hennepin Ave Minneapolis, MN	3.0	1.0–3.0	1505	$6,755	$4.49	1d	53	0.56mi
1423 11th Ave S Minneapolis, MN	1.0–2.0	1.0	818	$1,800	$2.20	1d	27	0.56mi
918 E 17th St Unit 1 Minneapolis, MN	3.0	1.0	1150	$1,995	$1.73	1d	1	0.59mi
1225 Lasalle Ave #602 Minneapolis, MN	2.0	2.0	1118	$2,300	$2.06	45d	1	0.60mi
111 S Marquette Ave Minneapolis, MN	1.0–2.0	1.0–2.0	955	$2,414	$2.53	1d	13	0.60mi
212 10th Ave S Minneapolis, MN	3.0	1.0–2.5	1490	$6,387	$4.29	0d	9	0.61mi

HOA detail condo

• Monthly dues: $1,225 · $14,700/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-21
   days on market $239,900 Active 376 DOM
2. 2026-06-18
   days on market $239,900 Active 373 DOM
3. 2026-06-17
   days on market $239,900 Active 372 DOM
4. 2026-06-16
   days on market $239,900 Active 371 DOM
5. 2026-06-15
   days on market $239,900 Active 370 DOM
6. 2026-06-13
   days on market $239,900 Active 368 DOM
7. 2026-06-09
   days on market $239,900 Active 364 DOM
8. 2026-06-08
   days on market $239,900 Active 363 DOM
9. 2026-06-07
   days on market $239,900 Active 362 DOM
10. 2026-06-04
    days on market $239,900 Active 359 DOM
11. 2026-06-03
    days on market $239,900 Active 358 DOM
12. 2026-06-02
    days on market $239,900 Active 357 DOM
13. 2026-06-01
    days on market $239,900 Active 356 DOM
14. 2026-05-31
    days on market $239,900 Active 355 DOM
15. 2026-03-19
    price $246,900 1335-char remark

    Show marketing remark (1335 chars)

    Welcome to Unit 1623 at Centre Village Condos, 433 S 7th St, Minneapolis, MN 55415! Experience the best of downtown living in this stunning, quiet corner unit, perfectly positioned to capture breathtaking city views with both sunrise and sunset vistas. Step inside to discover a freshly updated, contemporary interior featuring new paint and plush carpeting, complemented by sleek modern trim throughout. Enjoy the peace and privacy of a corner unit with no neighbor noise, and take advantage of the convenience of your own storage room located just across the hall. The building offers direct skyway access, connecting you effortlessly to Minneapolis’ vibrant events, top restaurants, and entertainment venues—no need to brave the weather! Centre Village Condos is renowned for its unbeatable location. You’ll be steps from U.S. Bank Stadium, the Guthrie Theater, and the Mill City Museum. Nearby dining hotspots include Eastside Eat + Drink, Zen Box Izakaya, and Finnegans Brew Co. For your daily needs, Trader Joe’s and Whole Foods are just a short walk away. Whether you’re seeking a serene urban retreat or a lively downtown lifestyle, this move-in-ready condo offers it all. Don’t miss your chance to live in one of Minneapolis’ most desirable communities—schedule your tour today!

16. 2026-01-07
    status Active 1335-char remark

    Show marketing remark (1335 chars)

    Welcome to Unit 1623 at Centre Village Condos, 433 S 7th St, Minneapolis, MN 55415! Experience the best of downtown living in this stunning, quiet corner unit, perfectly positioned to capture breathtaking city views with both sunrise and sunset vistas. Step inside to discover a freshly updated, contemporary interior featuring new paint and plush carpeting, complemented by sleek modern trim throughout. Enjoy the peace and privacy of a corner unit with no neighbor noise, and take advantage of the convenience of your own storage room located just across the hall. The building offers direct skyway access, connecting you effortlessly to Minneapolis’ vibrant events, top restaurants, and entertainment venues—no need to brave the weather! Centre Village Condos is renowned for its unbeatable location. You’ll be steps from U.S. Bank Stadium, the Guthrie Theater, and the Mill City Museum. Nearby dining hotspots include Eastside Eat + Drink, Zen Box Izakaya, and Finnegans Brew Co. For your daily needs, Trader Joe’s and Whole Foods are just a short walk away. Whether you’re seeking a serene urban retreat or a lively downtown lifestyle, this move-in-ready condo offers it all. Don’t miss your chance to live in one of Minneapolis’ most desirable communities—schedule your tour today!

17. 2026-01-01
    historical 1335-char remark

    Show marketing remark (1335 chars)

    Welcome to Unit 1623 at Centre Village Condos, 433 S 7th St, Minneapolis, MN 55415! Experience the best of downtown living in this stunning, quiet corner unit, perfectly positioned to capture breathtaking city views with both sunrise and sunset vistas. Step inside to discover a freshly updated, contemporary interior featuring new paint and plush carpeting, complemented by sleek modern trim throughout. Enjoy the peace and privacy of a corner unit with no neighbor noise, and take advantage of the convenience of your own storage room located just across the hall. The building offers direct skyway access, connecting you effortlessly to Minneapolis’ vibrant events, top restaurants, and entertainment venues—no need to brave the weather! Centre Village Condos is renowned for its unbeatable location. You’ll be steps from U.S. Bank Stadium, the Guthrie Theater, and the Mill City Museum. Nearby dining hotspots include Eastside Eat + Drink, Zen Box Izakaya, and Finnegans Brew Co. For your daily needs, Trader Joe’s and Whole Foods are just a short walk away. Whether you’re seeking a serene urban retreat or a lively downtown lifestyle, this move-in-ready condo offers it all. Don’t miss your chance to live in one of Minneapolis’ most desirable communities—schedule your tour today!

18. 2025-10-23
    price $254,900 1335-char remark

    Show marketing remark (1335 chars)

    Welcome to Unit 1623 at Centre Village Condos, 433 S 7th St, Minneapolis, MN 55415! Experience the best of downtown living in this stunning, quiet corner unit, perfectly positioned to capture breathtaking city views with both sunrise and sunset vistas. Step inside to discover a freshly updated, contemporary interior featuring new paint and plush carpeting, complemented by sleek modern trim throughout. Enjoy the peace and privacy of a corner unit with no neighbor noise, and take advantage of the convenience of your own storage room located just across the hall. The building offers direct skyway access, connecting you effortlessly to Minneapolis’ vibrant events, top restaurants, and entertainment venues—no need to brave the weather! Centre Village Condos is renowned for its unbeatable location. You’ll be steps from U.S. Bank Stadium, the Guthrie Theater, and the Mill City Museum. Nearby dining hotspots include Eastside Eat + Drink, Zen Box Izakaya, and Finnegans Brew Co. For your daily needs, Trader Joe’s and Whole Foods are just a short walk away. Whether you’re seeking a serene urban retreat or a lively downtown lifestyle, this move-in-ready condo offers it all. Don’t miss your chance to live in one of Minneapolis’ most desirable communities—schedule your tour today!

19. 2025-06-05
    listed $259,900 Active 1335-char remark

    Show marketing remark (1335 chars)

    Welcome to Unit 1623 at Centre Village Condos, 433 S 7th St, Minneapolis, MN 55415! Experience the best of downtown living in this stunning, quiet corner unit, perfectly positioned to capture breathtaking city views with both sunrise and sunset vistas. Step inside to discover a freshly updated, contemporary interior featuring new paint and plush carpeting, complemented by sleek modern trim throughout. Enjoy the peace and privacy of a corner unit with no neighbor noise, and take advantage of the convenience of your own storage room located just across the hall. The building offers direct skyway access, connecting you effortlessly to Minneapolis’ vibrant events, top restaurants, and entertainment venues—no need to brave the weather! Centre Village Condos is renowned for its unbeatable location. You’ll be steps from U.S. Bank Stadium, the Guthrie Theater, and the Mill City Museum. Nearby dining hotspots include Eastside Eat + Drink, Zen Box Izakaya, and Finnegans Brew Co. For your daily needs, Trader Joe’s and Whole Foods are just a short walk away. Whether you’re seeking a serene urban retreat or a lively downtown lifestyle, this move-in-ready condo offers it all. Don’t miss your chance to live in one of Minneapolis’ most desirable communities—schedule your tour today!

20. 2025-06-02
    historical $259,900 1335-char remark

    Show marketing remark (1335 chars)

    Welcome to Unit 1623 at Centre Village Condos, 433 S 7th St, Minneapolis, MN 55415! Experience the best of downtown living in this stunning, quiet corner unit, perfectly positioned to capture breathtaking city views with both sunrise and sunset vistas. Step inside to discover a freshly updated, contemporary interior featuring new paint and plush carpeting, complemented by sleek modern trim throughout. Enjoy the peace and privacy of a corner unit with no neighbor noise, and take advantage of the convenience of your own storage room located just across the hall. The building offers direct skyway access, connecting you effortlessly to Minneapolis’ vibrant events, top restaurants, and entertainment venues—no need to brave the weather! Centre Village Condos is renowned for its unbeatable location. You’ll be steps from U.S. Bank Stadium, the Guthrie Theater, and the Mill City Museum. Nearby dining hotspots include Eastside Eat + Drink, Zen Box Izakaya, and Finnegans Brew Co. For your daily needs, Trader Joe’s and Whole Foods are just a short walk away. Whether you’re seeking a serene urban retreat or a lively downtown lifestyle, this move-in-ready condo offers it all. Don’t miss your chance to live in one of Minneapolis’ most desirable communities—schedule your tour today!

21. 2017-04-25
    status Pending 295-char remark

    Show marketing remark (295 chars)

    STUNNING RENOVATION! Rare Corner Unit. Beautiful kitchen w/brand new appliances, bamboo floors, master suite DT corner view, cable, storage locker, pool, hot tub, exercise rm, rooftop deck, 24 hour security, free laundry, leased parking, skyway connected, close to Light Rail great location!

22. 2017-04-25
    soldstatus $245,500 Sold 295-char remark

    Show marketing remark (295 chars)

    STUNNING RENOVATION! Rare Corner Unit. Beautiful kitchen w/brand new appliances, bamboo floors, master suite DT corner view, cable, storage locker, pool, hot tub, exercise rm, rooftop deck, 24 hour security, free laundry, leased parking, skyway connected, close to Light Rail great location!

23. 2017-04-12
    historical Contingent - Sale of Another Property 295-char remark

    Show marketing remark (295 chars)

    STUNNING RENOVATION! Rare Corner Unit. Beautiful kitchen w/brand new appliances, bamboo floors, master suite DT corner view, cable, storage locker, pool, hot tub, exercise rm, rooftop deck, 24 hour security, free laundry, leased parking, skyway connected, close to Light Rail great location!

24. 2017-04-11
    status Active 295-char remark

    Show marketing remark (295 chars)

    STUNNING RENOVATION! Rare Corner Unit. Beautiful kitchen w/brand new appliances, bamboo floors, master suite DT corner view, cable, storage locker, pool, hot tub, exercise rm, rooftop deck, 24 hour security, free laundry, leased parking, skyway connected, close to Light Rail great location!

25. 2017-03-31
    historical 295-char remark

    Show marketing remark (295 chars)

    STUNNING RENOVATION! Rare Corner Unit. Beautiful kitchen w/brand new appliances, bamboo floors, master suite DT corner view, cable, storage locker, pool, hot tub, exercise rm, rooftop deck, 24 hour security, free laundry, leased parking, skyway connected, close to Light Rail great location!

26. 2017-03-01
    status Active 295-char remark

    Show marketing remark (295 chars)

    STUNNING RENOVATION! Rare Corner Unit. Beautiful kitchen w/brand new appliances, bamboo floors, master suite DT corner view, cable, storage locker, pool, hot tub, exercise rm, rooftop deck, 24 hour security, free laundry, leased parking, skyway connected, close to Light Rail great location!

27. 2017-02-28
    historical 295-char remark

    Show marketing remark (295 chars)

    STUNNING RENOVATION! Rare Corner Unit. Beautiful kitchen w/brand new appliances, bamboo floors, master suite DT corner view, cable, storage locker, pool, hot tub, exercise rm, rooftop deck, 24 hour security, free laundry, leased parking, skyway connected, close to Light Rail great location!

28. 2017-01-29
    listed $259,900 Active 295-char remark

    Show marketing remark (295 chars)

    STUNNING RENOVATION! Rare Corner Unit. Beautiful kitchen w/brand new appliances, bamboo floors, master suite DT corner view, cable, storage locker, pool, hot tub, exercise rm, rooftop deck, 24 hour security, free laundry, leased parking, skyway connected, close to Light Rail great location!

ⓘ 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: $2,414 · $201/mo
• Projected year-2 tax: $2,550 · $213/mo
• Expected delta: +$136/yr (+$11/mo · 5.7%)

ⓘ 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: $35,435
• − Mortgage interest: −$13,438
• − Property taxes: −$2,414
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,835
• − Management: −$2,835
• − HOA: −$14,700
• − Depreciation: −$6,979
• Taxable loss: −$8,965
• Est. tax savings @ 24.0%: +$2,152
• After-tax cash flow: $-3,265/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): 6,900
• Household income: $124,921
• Rent vs Own: 66.3% rent · 33.7% 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

-5.0% since first listed

14 events — show timeline

• 2026-03-19 Price Changed $246,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-07 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-01 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-23 Price Changed $254,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-06-05 Listed $259,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-06-02 Coming Soon $259,900 NORTHSTARMLS as Distributed by MLS Grid
• 2017-04-25 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2017-04-25 Sold (MLS) $245,500 NORTHSTARMLS as Distributed by MLS Grid
• 2017-04-12 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2017-04-11 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2017-03-31 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2017-03-01 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2017-02-28 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2017-01-29 Listed $259,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+2.2%/yr

Latest (2025): $2,414 · +5.6% YoY. Source: county tax records.