Minneapolis › St. Anthony East

St. Anthony East

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
6
Median price per unit
$216K
Typical cash flow
−$1,171
median per month, 20% down
Crime, last 12 months
45 per 1,000
98 incidents · +18% vs. prior year
Renter households
70%
Median gross rent
$1,405
all unit sizes
Median household income
$82K
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.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 671 Spring St NE serious flag −$307/mo
  2. 616 Monroe St NE −$327/mo
  3. 625 Summer St NE −$1,014/mo
  4. 435 Madison St NE serious flag −$1,328/mo
  5. 444-446 Madison St NE −$1,575/mo

+ 1 more in the full list below

Best long-term

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

  1. 671 Spring St NE serious flag 1.64× stocks
  2. 616 Monroe St NE 1.61× stocks
  3. 625 Summer St NE 0.98× stocks
  4. 444-446 Madison St NE 0.86× stocks
  5. 727 Madison St NE serious flag 0.59× stocks

+ 1 more in the full list below

Value-add

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

  1. 616 Monroe St NE Long time on market: room to negotiate.
  2. 671 Spring St NE serious flag The seller bought for $143,275 in Apr 2001, so they can take a lower offer and still come out well ahead.
  3. 435 Madison St NE serious flag The seller bought for $195,000 in Jan 2010, so they can take a lower offer and still come out well ahead.
  4. 727 Madison St NE serious flag The seller bought for $259,000 in Sep 2002, so they can take a lower offer and still come out well ahead.

Proceed with caution

Decent numbers, serious flags.

  1. 671 Spring St NE Taxes are temporarily low under the 4D program and will rise when it expires.

All listings

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

  1. 616 Monroe St NE

    $385,000 · 2 units
    Close
    Cash flow −$327/mo Cap 5.4% Break-even price $324K Yr 30 vs stocks 1.61× Positive in yr 8

    At $385K it loses roughly $327 a month in our model, so it only works at a lower price.

  2. 671 Spring St NE

    $350,000 · 2 units
    Close
    Cash flow −$307/mo Cap 5.3% Break-even price $292K Yr 30 vs stocks 1.64× Positive in yr 8

    Fresh electrical and water work is a plus, but at $350K with temporary tax savings and no stated rents, it needs a lower price to make sense.

    Taxes are temporarily low under the 4D program and will rise when it expires. Underwriting on today's bill overstates cash flow.

  3. 625 Summer St NE

    $599,900 · 2 units
    Overpriced
    Cash flow −$1,014/mo Cap 4.4% Break-even price $409K Yr 30 vs stocks 0.98× Positive in yr 16

    Tidy, low-maintenance brick duplex, but $599,900 is far above what $2,150 rents can carry, so it only works as an owner-occupied buy at a much lower price.

  4. 444-446 Madison St NE

    $825,000 · 4 units
    Overpriced
    Cash flow −$1,575/mo Cap 4.1% Break-even price $529K Yr 30 vs stocks 0.86× Positive in yr 18

    Well-kept, stable-looking fourplex, but at $825K it loses about $1,575 a month on our numbers, so it only works at a much lower price.

  5. 435 Madison St NE

    $450,000 · 2 units
    Far off
    Cash flow −$1,328/mo Cap 2.8% Break-even price $201K Yr 30 vs stocks 0.53× Positive in 30+ yrs

    Clean, separately metered-looking brick duplex, but $450K is far above what two roughly $1,450 rents can support, so it's an owner-occupant play or needs a big price cut.

    No rents, lease terms or occupancy are given, so income can't be verified.

  6. 727 Madison St NE

    $649,900 · 2 units
    Far off
    Cash flow −$1,763/mo Cap 3.1% Break-even price $319K Yr 30 vs stocks 0.59× Positive in yr 29

    Pretty and spacious, but at $649,900 it loses about $1,800 a month as a rental, so it only works if you live in it or the price drops hard.

    Rent upside is limited. The upper unit is huge, but the market may not pay a premium for that much space.

Monthly cash flow

−$2,000−$1,500−$1,000−$500$0break-even671 Spring St NE−$307616 Monroe St NE−$327625 Summer St NE−$1,014435 Madison St NE−$1,328444-446 Madison St NE−$1,575727 Madison St NE−$1,763

What's changing

Nothing curated for this neighborhood yet.