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Minneapolis › Hiawatha

Hiawatha

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
$168K
Typical cash flow
−$748
median per month, 20% down
Crime, last 12 months
59 per 1,000
368 incidents · −12% vs. prior year
Renter households
37%
Median gross rent
$1,485
all unit sizes
Median household income
$100K
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 (RentCast comparables 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); RentCast estimates for the best leads arrive over the next few nights.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 3609 E 42nd St rough −$748/mo
  2. 4230 39th Ave S rough −$1,338/mo

Best long-term

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

  1. 3609 E 42nd St rough 0.72× stocks
  2. 4230 39th Ave S rough 0.52× stocks

Value-add

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

  1. 3609 E 42nd St rough Long time on market: room to negotiate.
  2. 4230 39th Ave S rough The seller bought for $102,000 in May 1996, so they can take a lower offer and still come out well ahead.

Proceed with caution

Decent numbers, serious flags.

Nothing here right now.

Needs more info

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

  1. 4348 Minnehaha Ave 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. 3609 E 42nd St

    $335,000 · 2 units · Rough rents
    Far off
    Cash flow −$748/mo Cap 3.7% Break-even price $194K Yr 30 vs stocks 0.72× Positive in yr 23

  2. 4230 39th Ave S

    $449,000 · 2 units · Rough rents
    Far off
    Cash flow −$1,338/mo Cap 2.8% Break-even price $198K Yr 30 vs stocks 0.52× Positive in 30+ yrs

  3. 4348 Minnehaha Ave

    $639,900 · 5 units · Rough rents
    Close
    Cash flow −$496/mo Cap 5.5% Break-even price $547K Yr 30 vs stocks 1.67× Positive in yr 7

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

Monthly cash flow

−$1,500−$1,000−$500$0break-even3609 E 42nd St−$7484230 39th Ave S−$1,338

What's changing

Nothing curated for this neighborhood yet.