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Minneapolis › Longfellow

Longfellow

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
4
Median price per unit
$194K
Typical cash flow
−$879
median per month, 20% down
Crime, last 12 months
136 per 1,000
690 incidents · −5% vs. prior year
Renter households
57%
Median gross rent
$1,195
all unit sizes
Median household income
$77K
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. 2832 27th Ave S rough −$549/mo
  2. 3213 Minnehaha Ave rough −$757/mo
  3. 3221 Minnehaha Ave rough −$1,000/mo
  4. 3307 29th Ave S rough −$1,114/mo

Best long-term

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

  1. 3213 Minnehaha Ave rough 1.00× stocks
  2. 2832 27th Ave S rough 0.79× stocks
  3. 3221 Minnehaha Ave rough 0.61× stocks
  4. 3307 29th Ave S rough 0.54× stocks

Value-add

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

  1. 2832 27th Ave S rough The seller bought for $65,000 in Jan 2012, so they can take a lower offer and still come out well ahead.
  2. 3221 Minnehaha Ave rough The seller bought for $105,000 in Dec 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

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

  1. 2832 27th Ave S

    $275,000 · 2 units · Rough rents
    Overpriced
    Cash flow −$549/mo Cap 4.0% Break-even price $172K Yr 30 vs stocks 0.79× Positive in yr 21

  2. 3213 Minnehaha Ave

    $459,900 · 2 units · Rough rents
    Overpriced
    Cash flow −$757/mo Cap 4.4% Break-even price $318K Yr 30 vs stocks 1.00× Positive in yr 16

  3. 3221 Minnehaha Ave

    $389,900 · 2 units · Rough rents
    Far off
    Cash flow −$1,000/mo Cap 3.3% Break-even price $202K Yr 30 vs stocks 0.61× Positive in yr 29

  4. 3307 29th Ave S

    $385,000 · 2 units · Rough rents
    Far off
    Cash flow −$1,114/mo Cap 2.9% Break-even price $176K Yr 30 vs stocks 0.54× Positive in 30+ yrs

Monthly cash flow

−$1,500−$1,000−$500$0break-even2832 27th Ave S−$5493213 Minnehaha Ave−$7573221 Minnehaha Ave−$1,0003307 29th Ave S−$1,114

What's changing

Nothing curated for this neighborhood yet.