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Minneapolis › Prospect Park - East River Road

Prospect Park - East River Road

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
2
Median price per unit
$292K
Typical cash flow
−$1,384
median per month, 20% down
Crime, last 12 months
33 per 1,000
378 incidents · −6% vs. prior year
Renter households
80%
Median gross rent
$1,407
all unit sizes
Median household income
$49K
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.

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. 50 Arthur Ave SE serious flag −$234/mo
  2. 836 Thornton St SE serious flag −$2,534/mo

Best long-term

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

  1. 50 Arthur Ave SE serious flag 1.94× stocks
  2. 836 Thornton St SE serious flag 0.44× stocks

Value-add

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

  1. 836 Thornton St SE serious flag The seller bought for $500 in May 2003, so they can take a lower offer and still come out well ahead.

Proceed with caution

Decent numbers, serious flags.

  1. 50 Arthur Ave SE Negative cash flow at asking price; price is about $37K above break-even

All listings

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

  1. 50 Arthur Ave SE

    $450,000 · 2 units
    Close
    Cash flow −$234/mo Cap 5.8% Break-even price $406K Yr 30 vs stocks 1.94× Positive in yr 5

    Good location and a solid structure, but at $450K it loses money on our numbers, so it only works with a lower price or rents above our estimate.

    Negative cash flow at asking price; price is about $37K above break-even

  2. 836 Thornton St SE

    $719,000 · 2 units
    Far off
    Cash flow −$2,534/mo Cap 2.2% Break-even price $243K Yr 30 vs stocks 0.44× Positive in 30+ yrs

    At $719K this only makes sense as a land-and-zoning bet; as a rental it loses thousands a month and needs a price far closer to $250K.

    Description is built around redevelopment, not rental income. No rents, leases or occupancy are given.

Monthly cash flow

−$3,000−$2,500−$2,000−$1,500−$1,000−$500$0break-even50 Arthur Ave SE−$234836 Thornton St SE−$2,534

What's changing

Nothing curated for this neighborhood yet.