Hamline – Midway

Neighborhood profile

Listings we track

9

Median price per unit

$177K

Typical cash flow

−$1,038

median per month, 20% down

Crime, last 12 months

101 per 1,000

1,218 incidents · −3% vs. prior year

Renter households

44%

Median gross rent

$1,164

all unit sizes

Median household income

$82K

Rent rules

3% cap

Rent stabilization; buildings first occupied after 2004 exempt

St. Paul police incidents, excluding proactive visits and community events. Per-resident rates use 2020 Census population. Census figures: ACS 2020–2024 5-year, combining 4 tract(s) centered in this planning district; 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

Needs more info

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

All listings

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

1. 1259 Charles Ave

   $381,425 · 2 units · Rough rents
   Overpriced
   Cash flow −$682/mo Cap 4.2% Break-even price $253K Yr 30 vs stocks 0.91× Positive in yr 17

2. 1875 Minnehaha Ave W

   $649,900 · 4 units · Rough rents
   Overpriced
   Cash flow −$1,135/mo Cap 4.3% Break-even price $437K Yr 30 vs stocks 0.93× Positive in yr 17

3. 1437 Minnehaha Ave W

   $409,900 · 2 units · Rough rents
   Far off
   Cash flow −$885/mo Cap 3.8% Break-even price $244K Yr 30 vs stocks 0.74× Positive in yr 22

4. 1759 Van Buren Ave

   $495,000 · 2 units · Rough rents
   Far off
   Cash flow −$1,112/mo Cap 3.7% Break-even price $286K Yr 30 vs stocks 0.72× Positive in yr 23

5. 1607 Van Buren Ave

   $549,500 · 2 units · Rough rents
   Far off
   Cash flow −$1,303/mo Cap 3.5% Break-even price $305K Yr 30 vs stocks 0.67× Positive in yr 25

6. 1210 Sherburne Ave

   $320,000 · 2 units · Rough rents
   Far off
   Cash flow −$965/mo Cap 2.8% Break-even price $139K Yr 30 vs stocks 0.51× Positive in 30+ yrs

7. 1626 Englewood Ave

   $525,000 · 4 units · Rough rents
   Far off
   Cash flow −$1,255/mo Cap 3.5% Break-even price $289K Yr 30 vs stocks 0.65× Positive in yr 27

8. 1673 Van Buren Ave

   $325,000 · 2 units · Rough rents
   Far off
   Cash flow −$869/mo Cap 3.2% Break-even price $162K Yr 30 vs stocks 0.58× Positive in 30+ yrs

9. 1636-1638 Minnehaha Ave W

   $449,900
   Needs more info

   Needs more info: no rent estimate yet

Monthly cash flow

What's changing

• United Village at the old Midway Center. Bill McGuire put $170M toward phase one next to Allianz Field: two restaurants (targeted to open mid-2026), an office building and a 158-room hotel set for early 2027. More foot traffic and amenities near Snelling & University, but also more event-day traffic. As of 2026-05 · Sources: mspmag.com, stpaul.gov
• Big-box closures on University Ave east of Snelling. Midway Marketplace has lost Walmart (2019), T.J. Maxx and, in August 2025, Cub Foods. Empty big boxes are a drag on nearby retail today and a redevelopment wildcard later. As of 2025-08 · Sources: startribune.com, mprnews.org
• Rethinking I-94. MnDOT is carrying four alternatives (no build, maintenance, reduced freeway, reconfigured freeway) into a Tier 1 environmental study expected to take two to three years. The ReConnect Rondo land bridge is a separate effort; we found planning money for it but no construction funding (estimated at $450M+ in 2021). Treat it as a long shot, not a value driver. As of 2026-10 · Sources: talk.dot.state.mn.us, reconnectrondo.com