Longfellow
Minneapolis neighborhood. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.
Neighborhood profile
- Listings we track
- 5
- Median price per unit
- $192K
- Typical cash flow
- −$493 median per month, 20% down
- Crime, last 12 months
- 136 per 1,000 689 incidents · −5% vs. prior year
- Renter households
- 57%
- Median gross rent
- $1,195 all unit sizes
- Median household income
- $77K
- 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.
Ways to slice it
Best cash flow now
Monthly cash flow at 20% down.
- 2832 27th Ave S serious flag −$261/mo
- 3213 Minnehaha Ave −$372/mo
- 3221 Minnehaha Ave −$493/mo
- 2745 29th Ave S −$702/mo
- 3307 29th Ave S serious flag −$790/mo
Best long-term
Year-30 wealth vs. the same money in stocks.
- 3213 Minnehaha Ave 1.66× stocks
- 2832 27th Ave S serious flag 1.48× stocks
- 3221 Minnehaha Ave 1.25× stocks
- 2745 29th Ave S 0.89× stocks
- 3307 29th Ave S serious flag 0.79× stocks
Value-add
Under-rented, needs work, or room to negotiate.
- 3221 Minnehaha Ave The seller bought for $105,000 in Dec 2009, so they can take a lower offer and still come out well ahead.
- 2832 27th Ave S serious flag The seller bought for $65,000 in Jan 2012, so they can take a lower offer and still come out well ahead.
Proceed with caution
Decent numbers, serious flags.
- 2832 27th Ave S No rents, lease terms or expenses are given, so income can't be checked.
All listings
5 listings. Filter by price or units, or switch the down payment.
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Overpriced
3221 Minnehaha Ave
$389,900 · 2 unitsCash flow −$493/mo Cap 4.9% Break-even price $297K Yr 30 vs stocks 1.25× Positive in yr 12 -
Close
3213 Minnehaha Ave
$459,900 · 2 unitsCash flow −$372/mo Cap 5.4% Break-even price $390K Yr 30 vs stocks 1.66× Positive in yr 8Big, handsome duplex with a new roof, but at $459,900 it loses money every month and needs roughly $70K off to break even.
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Close
2832 27th Ave S
$275,000 · 2 unitsCash flow −$261/mo Cap 5.3% Break-even price $226K Yr 30 vs stocks 1.48× Positive in yr 9Charming old duplex in a good area, but at $275K it loses money each month, so only worth pursuing at a lower price or with strong rents.
No rents, lease terms or expenses are given, so income can't be checked. 'Leased' says nothing about amount or end date.
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Overpriced
2745 29th Ave S
$384,900 · 2 unitsCash flow −$702/mo Cap 4.2% Break-even price $253K Yr 30 vs stocks 0.89× Positive in yr 18Updated Longfellow duplex, but at $384,900 it loses about $700 a month on our numbers and only works as an owner-occupant deal or at a much lower price.
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Overpriced
3307 29th Ave S
$385,000 · 2 unitsCash flow −$790/mo Cap 3.9% Break-even price $237K Yr 30 vs stocks 0.79× Positive in yr 20A tidy, updated duplex priced for owner-occupiers; as a pure rental it loses about $770 a month at ask.
Pricing is far above what rents support
Monthly cash flow
What's changing
Nothing curated for this neighborhood yet.