East Phillips

Neighborhood profile

Listings we track

2

Median price per unit

$141K

Typical cash flow

$163

median per month, 20% down

Crime, last 12 months

89 per 1,000

435 incidents · +4% vs. prior year

Renter households

54%

Median gross rent

$1,098

all unit sizes

Median household income

$64K

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

+$253/mo cash flow

Cash flows · cap 7.5% · 20% down

$284,900

2 units5 bd2 ba2,659 sqft

1811 E 28th St, Minneapolis

East Phillips

Rents: 6 rentals within 1.5 mi

Ways to slice it

All listings

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

1. 1811 E 28th St

   $284,900 · 2 units
   Cash flows
   Cash flow $253/mo Cap 7.5% Break-even price $332K Yr 30 vs stocks 3.21× Positive in yr 1

   Charming 1904 duplex that cash flows modestly at ask, so it works if the rents and the lower unit and basement hold up.

2. 2800 Cedar Ave S

   $280,000 · 2 units
   Cash flows
   Cash flow $73/mo Cap 6.7% Break-even price $294K Yr 30 vs stocks 2.65× Positive in yr 1

   Solid bones and a good corner lot, and $280K roughly pencils on $1,575 rents, though the margin is thin and the $1,200 lower unit rent is below that.

   Priced above what the rents support; negative cash flow at 20% down

Monthly cash flow

What's changing

Nothing curated for this neighborhood yet.