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Diamond Lake

Minneapolis neighborhood. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

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Neighborhood profile

Listings we track
3
Median price per unit
$265K
Typical cash flow
−$689
median per month, 20% down
Crime, last 12 months
21 per 1,000
123 incidents · −8% vs. prior year
Renter households
6%
Median gross rent
$2,083
all unit sizes
Median household income
$172K
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 1 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 Price cut: $19,100
−$689/mo cash flow
Overpriced · cap 4.8% · 20% down
$529,900
2 units6 bd4 ba2,815 sqft
5636 Cedar Ave S, Minneapolis
Diamond Lake
Rents: 6 rentals within 3 mi

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 5749 Bloomington Ave serious flag −$462/mo
  2. 5636 Cedar Ave S −$689/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 5749 Bloomington Ave serious flag 1.34× stocks
  2. 5636 Cedar Ave S 1.24× stocks

Value-add

Under-rented, needs work, or room to negotiate.

  1. 5749 Bloomington Ave serious flag The seller bought for $87,000 in Feb 1989, so they can take a lower offer and still come out well ahead.

Proceed with caution

Decent numbers, serious flags.

  1. 5749 Bloomington Ave No rents or lease terms given for the occupied unit, so income is unverified

Needs more info

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

  1. 5921 Chicago Ave S The city's rental license covers 1 unit(s); this analysis counts 2.

All listings

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

  1. 5749 Bloomington Ave

    $400,000 · 2 units
    Overpriced
    Cash flow −$462/mo Cap 5.0% Break-even price $313K Yr 30 vs stocks 1.34× Positive in yr 11

    A clean, simple duplex, but at $400K the numbers lose about $460 a month, so it only works as an owner-occupant purchase or at a lower price.

    No rents or lease terms given for the occupied unit, so income is unverified

  2. 5636 Cedar Ave S

    $529,900 · 2 units
    Overpriced
    Cash flow −$689/mo Cap 4.8% Break-even price $400K Yr 30 vs stocks 1.24× Positive in yr 12

    Nice, low-maintenance duplex in a good spot, but $529,900 is far above what these rents support, so only negotiate if the price drops sharply.

  3. 5921 Chicago Ave S

    $557,000 · 2 units
    Overpriced
    Cash flow −$789/mo Cap 4.7% Break-even price $409K Yr 30 vs stocks 1.17× Positive in yr 13

    Nice, well-kept side-by-side, but at $557K it loses about $790 a month and needs a price closer to $409K to work.

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

Monthly cash flow

−$1,000−$500$0break-even5749 Bloomington Ave−$4625636 Cedar Ave S−$689

What's changing

Nothing curated for this neighborhood yet.