Lyndale

Neighborhood profile

Listings we track

11

Median price per unit

$175K

Typical cash flow

−$344

median per month, 20% down

Crime, last 12 months

66 per 1,000

473 incidents · −2% vs. prior year

Renter households

77%

Median gross rent

$1,112

all unit sizes

Median household income

$53K

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: $15,000

+$284/mo cash flow

Cash flows · cap 7.2% · 20% down

$399,000

2 units7 bd2 ba2,137 sqft

3113 Harriet Ave, Minneapolis

Lyndale

Rents: RentCast comps

Ways to slice it

Needs more info

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

All listings

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

1. 3113 Harriet Ave

   $399,000 · 2 units
   Cash flows
   Cash flow $284/mo Cap 7.2% Break-even price $452K Yr 30 vs stocks 3.09× Positive in yr 1

   Pleasant, updated Lyn-Lake duplex that at $399K makes about $284 a month, provided the rents and bedroom count hold up.

2. 3514 Grand Ave S

   $825,000 · 3 units
   Close
   Cash flow −$57/mo Cap 6.3% Break-even price $814K Yr 30 vs stocks 2.40× Positive in yr 2

   Newer building with real rent, but a four-unit claim that records don't support, and at $825K it barely misses break-even.

   Listing says four units, but county records and the rental license show three. The extra studio may not be a legal, licensed unit, and its rent may not count.

3. 3322 Stevens Ave

   $315,000 · 2 units
   Cash flows
   Cash flow $34/mo Cap 6.5% Break-even price $321K Yr 30 vs stocks 2.52× Positive in yr 1

   At $315K the numbers barely break even, and only if rents hit our $3,475 estimate rather than the $3,630 old rents.

   Rents quoted are 'previous' rents, not current tenants. They are about $600/month above our combined estimate and may not be achievable.

4. 3045 Harriet Ave

   $350,000 · 2 units
   Close
   Cash flow −$344/mo Cap 5.2% Break-even price $285K Yr 30 vs stocks 1.47× Positive in yr 9

   A tidy-looking Lyndale duplex priced about $65K above where it breaks even, so it only works with much higher rents or a big price cut.

   No rents, lease or occupancy information given; income is unverified

5. 3544 Stevens Ave

   $296,000 · 2 units
   Overpriced
   Cash flow −$423/mo Cap 4.7% Break-even price $217K Yr 30 vs stocks 1.12× Positive in yr 14

   Interesting old duplex with good bones, but at $296K it loses money and needs a rehab, so it only works at a much lower price.

   No rental history or records; income is unproven and the building may not be licensed.

6. 3043 Grand Ave S

   $699,000 · 4 units
   Overpriced
   Cash flow −$1,441/mo Cap 3.9% Break-even price $428K Yr 30 vs stocks 0.79× Positive in yr 20

   Fresh updates and a full 4-unit license, but at $699K the long-term math loses about $1,441/month and rests on unproven Airbnb income, so get the books before you get excited.

   Income is short-term rental only, with no rents, occupancy or revenue stated. Furnished Airbnb income is volatile and often hard to finance.

7. 16 W 33rd St

   $680,000 · 3 units
   Far off
   Cash flow −$1,499/mo Cap 3.7% Break-even price $398K Yr 30 vs stocks 0.73× Positive in yr 22

   Nicely renovated, but at $680K with no stated rents and a unit count that doesn't match the records, it loses money badly and needs proof before a showing.

   Listing says fourplex but the county and the rental license show three units. A fourth unit may be unlicensed or not legal.

8. 3520 Pillsbury Ave S

   $575,000 · 2 units
   Far off
   Cash flow −$1,604/mo Cap 3.0% Break-even price $274K Yr 30 vs stocks 0.57× Positive in 30+ yrs

   A well-kept duplex, but at $575K the rents cover only a fraction of the cost, so it works only as an owner-occupant purchase.

   Price is far above what rents can support; owner-occupant pricing

9. 122 W 32nd St

   $357,000 · 2 units
   Close
   Cash flow −$358/mo Cap 5.2% Break-even price $290K Yr 30 vs stocks 1.48× Positive in yr 9

   Reasonable condition for an 1885 duplex, but at $357K it only pencils as an owner-occupant deal, not as an investment.

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

10. 3024 Pleasant Ave

    $689,900 · 5 units
    Cash flows
    Cash flow $21/mo Cap 6.4% Break-even price $694K Yr 30 vs stocks 2.48× Positive in yr 1

    Pretty building in a good location, but the price is only about $4K below break-even and the unit count doesn't match city records, so verify units and rents before getting serious.

    Needs more info: The city's rental license covers 4 unit(s); this analysis counts 5.

11. 3500 1st Ave S

    $725,000 · 5 units
    Cash flows
    Cash flow $658/mo Cap 7.5% Break-even price $849K Yr 30 vs stocks 3.25× Positive in yr 1

    Rents near $1,600 look conservative against our estimates, but the unit count doesn't match the license, so verify the units before trusting the positive numbers at asking.

    Needs more info: The city's rental license covers 4 unit(s); this analysis counts 5.

Monthly cash flow

What's changing

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