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Phillips West

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
$205K
Typical cash flow
$171
median per month, 20% down
Crime, last 12 months
62 per 1,000
312 incidents · −1% vs. prior year
Renter households
89%
Median gross rent
$981
all unit sizes
Median household income
$41K
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
+$271/mo cash flow
Cash flows · cap 7.2% · 20% down
$409,900
2 units9 bd3 ba4,105 sqft
2314 Portland Ave S, Minneapolis
Phillips West
Rents: RentCast comps
Duplex New listing
+$171/mo cash flow
Cash flows · cap 6.8% · 20% down
$475,000
2 units8 bd4 ba4,536 sqft
2752 Chicago Ave, Minneapolis
Phillips West
Rents: RentCast comps

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 2314 Portland Ave S $271/mo
  2. 2752 Chicago Ave $171/mo
  3. 2721 Columbus Ave serious flag $81/mo

Best long-term

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

  1. 2314 Portland Ave S 3.04× stocks
  2. 2752 Chicago Ave 2.78× stocks
  3. 2721 Columbus Ave serious flag 2.59× stocks

Value-add

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

  1. 2314 Portland Ave S The seller bought for $157,000 in Feb 2013, so they can take a lower offer and still come out well ahead.
  2. 2752 Chicago Ave The seller bought for $93,000 in Mar 1995, so they can take a lower offer and still come out well ahead.
  3. 2721 Columbus Ave serious flag The seller bought for $70,462 in Aug 2009, so they can take a lower offer and still come out well ahead.

Proceed with caution

Decent numbers, serious flags.

Nothing here right now.

All listings

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

  1. 2314 Portland Ave S

    $409,900 · 2 units
    Cash flows
    Cash flow $271/mo Cap 7.2% Break-even price $461K Yr 30 vs stocks 3.04× Positive in yr 1

    Rents are fine and the numbers are thin but positive at today's rates, so it's a negotiate-hard deal after you check the utility bills and mechanicals.

  2. 2752 Chicago Ave

    $475,000 · 2 units
    Cash flows
    Cash flow $171/mo Cap 6.8% Break-even price $507K Yr 30 vs stocks 2.78× Positive in yr 1

    Charming, well-kept old duplex that barely cash flows at asking, so verify rents and heat costs before you get excited.

  3. 2721 Columbus Ave

    $399,900 · 4 units
    Cash flows
    Cash flow $81/mo Cap 6.6% Break-even price $415K Yr 30 vs stocks 2.59× Positive in yr 1

    Newer boiler, roofs and electrical are real positives, and at $399,900 the numbers just about work; break-even is near $415K.

    Price is far above what the rents support

Monthly cash flow

−$500$0$500break-even2314 Portland Ave S$2712752 Chicago Ave$1712721 Columbus Ave$81

What's changing

Nothing curated for this neighborhood yet.