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Midtown Phillips

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
$162K
Typical cash flow
−$26
median per month, 20% down
Crime, last 12 months
79 per 1,000
409 incidents · +2% vs. prior year
Renter households
61%
Median gross rent
$1,403
all unit sizes
Median household income
$45K
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.

None yet with verified rents. Every listing here is ranked on rough rent estimates for now (tagged “rough” below); those are places with too few rentals nearby to compare.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 2834 15th Ave S serious flag −$26/mo
  2. 2820 12th Ave S serious flag −$808/mo

Best long-term

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

  1. 2834 15th Ave S serious flag 2.39× stocks
  2. 2820 12th Ave S serious flag 1.12× stocks

Value-add

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

  1. 2820 12th Ave S serious flag Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

  1. 2834 15th Ave S No rents, rent roll or expenses given.

Needs more info

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

  1. 1508 E 26th St The city's rental license covers 4 unit(s); this analysis counts 5.

All listings

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

  1. 2834 15th Ave S

    $484,900 · 3 units
    Close
    Cash flow −$26/mo Cap 6.3% Break-even price $480K Yr 30 vs stocks 2.39× Positive in yr 2

    A tidy-looking Minneapolis triplex with parking, but at $484,900 it is roughly break-even monthly and the listing gives no rents to prove otherwise.

    No rents, rent roll or expenses given. Income is unverified.

  2. 2820 12th Ave S

    $550,000 · 2 units
    Overpriced
    Cash flow −$808/mo Cap 4.6% Break-even price $398K Yr 30 vs stocks 1.12× Positive in yr 14

    Big units and fresh finishes, but a possibly illegal third unit, delinquent taxes and a price about $152K above break-even make this a pass unless the price drops hard.

    Property taxes have been delinquent since 2025. Expect penalties and a payoff at closing; ask why.

  3. 1508 E 26th St

    $529,999 · 5 units
    Cash flows
    Cash flow $1,803/mo Cap 10.5% Break-even price $869K Yr 30 vs stocks 5.44× Positive in yr 1

    The numbers look strong on paper, but the unit count conflict, missing rent roll and flat roof need answers before this is worth an offer.

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

Monthly cash flow

−$1,000−$500$0break-even2834 15th Ave S−$262820 12th Ave S−$808

What's changing

Nothing curated for this neighborhood yet.