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Hawthorne

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
10
Median price per unit
$160K
Typical cash flow
$404
median per month, 20% down
Crime, last 12 months
79 per 1,000
445 incidents · −1% vs. prior year
Renter households
61%
Median gross rent
$688
all unit sizes
Median household income
$67K
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 2 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
+$397/mo cash flow
Cash flows · cap 9.1% · 20% down
$175,000
2 units3 bd2 ba2,600 sqft
810 30th Ave N, Minneapolis
Hawthorne
Rents: 13 rentals within 1.5 mi
Duplex
+$911/mo cash flow
Cash flows · cap 9.6% · 20% down
$335,000
2 units6 bd4 ba2,656 sqft
2200 N 6th St, Minneapolis
Hawthorne
Rents: 13 rentals within 1.5 mi
Duplex
+$64/mo cash flow
Cash flows · cap 6.6% · 20% down
$339,000
2 units4 bd2 ba2,392 sqft
2115-2117 Aldrich Ave N, Minneapolis
Hawthorne
Rents: 20 rentals within 1.5 mi

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 2200 N 6th St $911/mo
  2. 2326 Bryant Ave N serious flag $851/mo
  3. 2512 N 6th St serious flag $594/mo
  4. 2400 Emerson Ave N serious flag $475/mo
  5. 3023 Dupont Ave N serious flag $411/mo

+ 4 more in the full list below

Best long-term

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

  1. 2326 Bryant Ave N serious flag 5.27× stocks
  2. 2200 N 6th St 4.90× stocks
  3. 810 30th Ave N 4.37× stocks
  4. 3023 Dupont Ave N serious flag 3.83× stocks
  5. 2400 Emerson Ave N serious flag 3.66× stocks

+ 4 more in the full list below

Value-add

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

  1. 810 30th Ave N Long time on market: room to negotiate.
  2. 3023 Dupont Ave N serious flag The seller bought for $31,250 in Jul 2017, so they can take a lower offer and still come out well ahead.
  3. 2400 Emerson Ave N serious flag The seller bought for $120,000 in Nov 2019, so they can take a lower offer and still come out well ahead.
  4. 2326 Bryant Ave N serious flag Long time on market: room to negotiate.
  5. 2115-2117 Aldrich Ave N Long time on market: room to negotiate.

+ 1 more in the full list below

Proceed with caution

Decent numbers, serious flags.

  1. 3023 Dupont Ave N Upper rent not disclosed, so income can't be verified
  2. 2400 Emerson Ave N Cash flow is negative at asking, so the deal depends on a price cut or rents above our estimate.
  3. 2326 Bryant Ave N Rent is described in the past tense; current occupancy and rent are unclear

Needs more info

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

  1. 2125 N 6th St The city's rental license covers 1 unit(s); this analysis counts 2.

All listings

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

  1. 810 30th Ave N

    $175,000 · 2 units
    Cash flows
    Cash flow $397/mo Cap 9.1% Break-even price $250K Yr 30 vs stocks 4.37× Positive in yr 1

    Cheap on paper with a solid projected cap rate, but it rests on our rent estimates, so get actual rents and system ages before getting excited.

  2. 2200 N 6th St

    $335,000 · 2 units
    Cash flows
    Cash flow $911/mo Cap 9.6% Break-even price $506K Yr 30 vs stocks 4.90× Positive in yr 1

    A roomy 3/2 duplex with fresh tenancies that clears about $872/mo at asking, but the rents need verifying.

  3. 3023 Dupont Ave N

    $259,900 · 2 units
    Cash flows
    Cash flow $411/mo Cap 8.3% Break-even price $337K Yr 30 vs stocks 3.83× Positive in yr 1

    Fresh lower unit and a new roof, and it cash flows at the ask, but the upper rent is undisclosed, so verify the rents and 2017 work before offering.

    Upper rent not disclosed, so income can't be verified

  4. 2400 Emerson Ave N

    $355,000 · 2 units
    Cash flows
    Cash flow $475/mo Cap 8.0% Break-even price $444K Yr 30 vs stocks 3.66× Positive in yr 1

    Clean rehab with two 3-beds, and at $355K it makes money on our rent estimate, so it's worth a look if the rents are real.

    Cash flow is negative at asking, so the deal depends on a price cut or rents above our estimate.

  5. 2326 Bryant Ave N

    $264,900 · 2 units
    Cash flows
    Cash flow $851/mo Cap 10.2% Break-even price $425K Yr 30 vs stocks 5.27× Positive in yr 1

    Numbers look good if the rents are real, but the Tier 2 license, cosmetic-looking remodel and vague rent history mean verify before you get excited.

    Rent is described in the past tense; current occupancy and rent are unclear

  6. 2115-2117 Aldrich Ave N

    $339,000 · 2 units
    Cash flows
    Cash flow $64/mo Cap 6.6% Break-even price $351K Yr 30 vs stocks 2.64× Positive in yr 1

    A solid-looking building with a new roof that barely cash flows at asking on estimated rents, but the income is unverified and the third unit is a project, so get the rent roll and taxes before you offer.

  7. 315 25th Ave N

    $265,000 · 2 units
    Cash flows
    Cash flow $199/mo Cap 7.3% Break-even price $302K Yr 30 vs stocks 3.09× Positive in yr 1

    A decently priced, cosmetically refreshed 2-bed/2-bed duplex that could cash flow modestly, but nothing is confirmed until you see real rents and the heating and electrical.

    No rents or lease terms given; the cash flow depends on our estimates.

  8. 2512 N 6th St

    $525,000 · 3 units
    Cash flows
    Cash flow $594/mo Cap 7.7% Break-even price $637K Yr 30 vs stocks 3.49× Positive in yr 1

    Two buildings on one lot at $525K, nearly double the county value but below break-even on our rent estimates; it works only if the rents we can't see yet hold up.

    County market value is about half the asking price, which could affect appraisal and the lender's view.

  9. 2915 N 3rd St

    $305,000 · 2 units
    Close
    Cash flow −$73/mo Cap 6.1% Break-even price $291K Yr 30 vs stocks 2.22× Positive in yr 3

    Newer mechanicals are good, but at $305K the rents fall slightly short each month; there is no cushion, so push on price.

    Asking price is well above county value and the last sale price

  10. 2125 N 6th St

    $335,000 · 2 units
    Cash flows
    Cash flow $138/mo Cap 6.9% Break-even price $361K Yr 30 vs stocks 2.81× Positive in yr 1

    Rents are decent, and at $335K it makes a little money each month, so it can work as an investment if the building checks out.

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

Monthly cash flow

−$500$0$500$1,000break-even2200 N 6th St$9112326 Bryant Ave N$8512512 N 6th St$5942400 Emerson Ave N$4753023 Dupont Ave N$411810 30th Ave N$397315 25th Ave N$1992115-2117 Aldrich Ave N$642915 N 3rd St−$73

What's changing

Nothing curated for this neighborhood yet.