Central

Neighborhood profile

Listings we track

9

Median price per unit

$192K

Typical cash flow

$102

median per month, 20% down

Crime, last 12 months

50 per 1,000

411 incidents · −9% vs. prior year

Renter households

44%

Median gross rent

$1,395

all unit sizes

Median household income

$91K

Rent rules

No cap

Rents can reset to market at renewal

Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities). Per-resident rates use 2020 Census population. Census figures: ACS 2020–2024 5-year, combining 4 tract(s) centered in this neighborhood; medians are household-weighted averages of tract medians.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

Duplex New listing

+$496/mo cash flow

Cash flows · cap 7.9% · 20% down

$399,900

2 units7 bd2 ba3,052 sqft

3212 Park Ave, Minneapolis

Central

Rents: RentCast comps

Duplex

−$174/mo cash flow

Close · cap 5.9% · 20% down

$399,900

2 units6 bd2 ba3,174 sqft

3322 Clinton Ave, Minneapolis

Central

Rents: 18 rentals within 1.5 mi

Ways to slice it

Needs more info

Left out of the rankings until a data problem is resolved.

All listings

9 listings. Filter by price or units, or switch the down payment.

1. 3212 Park Ave

   $399,900 · 2 units
   Cash flows
   Cash flow $496/mo Cap 7.9% Break-even price $493K Yr 30 vs stocks 3.58× Positive in yr 1

   Fresh flip with workable numbers on our estimated rents, but the 67% jump from June's purchase price means you need proof of the work and a rental license before you pay near ask.

2. 3605 S 3rd Ave

   $389,900 · 3 units
   Cash flows
   Cash flow $651/mo Cap 8.4% Break-even price $512K Yr 30 vs stocks 3.91× Positive in yr 1

   Rents are decent and the price is well under break-even, but a nonconforming unit and a Tier 2 license make this a verify-everything property.

   One rented unit is nonconforming; it may be an illegal unit and could be forced out of use or need costly egress work

3. 3322 Clinton Ave

   $399,900 · 2 units
   Close
   Cash flow −$174/mo Cap 5.9% Break-even price $367K Yr 30 vs stocks 2.03× Positive in yr 5

4. 3033 Park Ave S

   $430,000 · 3 units
   Cash flows
   Cash flow $102/mo Cap 6.7% Break-even price $449K Yr 30 vs stocks 2.63× Positive in yr 1

   Priced slightly below what the likely rents support, with a possible basement unit as upside, so it's worth a showing if actual rents match our estimates.

   Listing gives no rents or lease terms, so income is unverified

5. 3018 Chicago Ave

   $584,900 · 3 units
   Cash flows
   Cash flow $1,043/mo Cap 8.5% Break-even price $781K Yr 30 vs stocks 4.04× Positive in yr 1

   Pencils out well on estimated rents, but with a delinquent tax bill and an unlicensed basement unit, it is only worth pursuing if the rents are real.

   Property taxes have been delinquent since 2025. Expect penalties and a payoff at closing; ask why.

6. 3620 3rd Ave S

   $499,000 · 3 units
   Cash flows
   Cash flow $136/mo Cap 6.7% Break-even price $524K Yr 30 vs stocks 2.68× Positive in yr 1

   Nicely updated on paper, and at $499K it cash flows slightly; it works up to about $524K if rents prove out.

   Underwriting shows negative cash flow at the asking price.

7. 3327 Oakland Ave

   $339,000 · 2 units
   Close
   Cash flow −$144/mo Cap 5.9% Break-even price $312K Yr 30 vs stocks 2.04× Positive in yr 5

   Decent building with working rents, but at $339K it loses about $144 a month, and the price would need to fall modestly to work.

   A roof repair in 2026 on a flat roof suggests a recent leak. Ask what failed and whether there was interior damage.

8. 3129 Clinton Ave

   $385,000 · 2 units
   Overpriced
   Cash flow −$522/mo Cap 4.8% Break-even price $287K Yr 30 vs stocks 1.19× Positive in yr 13

   Nicely updated duplex, but $385K is about $98K above what the rents support, so it only works as a house hack or at a big discount.

   Upper tenant is month-to-month and no rents are disclosed, so income is unverified.

9. 3116 Columbus Ave

   $434,900 · 2 units
   Close
   Cash flow −$449/mo Cap 5.1% Break-even price $350K Yr 30 vs stocks 1.46× Positive in yr 10

   Clean, updated-looking duplex, but at $434,900 it loses about $449 a month and only works near $350K.

   Needs more info: The city's rental license covers 1 unit(s); this analysis counts 2.

Monthly cash flow

What's changing

Nothing curated for this neighborhood yet.