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Minneapolis › Diamond Lake

Diamond Lake

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
$232K
Typical cash flow
−$1,241
median per month, 20% down
Crime, last 12 months
21 per 1,000
122 incidents · −8% vs. prior year
Renter households
6%
Median gross rent
$2,083
all unit sizes
Median household income
$172K
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 (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. 5749 Bloomington Ave rough −$1,086/mo
  2. 5636 Cedar Ave S rough −$1,395/mo

Best long-term

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

  1. 5636 Cedar Ave S rough 0.60× stocks
  2. 5749 Bloomington Ave rough 0.57× stocks

Value-add

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

  1. 5749 Bloomington Ave rough The seller bought for $87,000 in Feb 1989, 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

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

  1. 5749 Bloomington Ave

    $400,000 · 2 units · Rough rents
    Far off
    Cash flow −$1,086/mo Cap 3.1% Break-even price $196K Yr 30 vs stocks 0.57× Positive in 30+ yrs

  2. 5636 Cedar Ave S

    $529,900 · 2 units · Rough rents
    Far off
    Cash flow −$1,395/mo Cap 3.2% Break-even price $268K Yr 30 vs stocks 0.60× Positive in yr 29

Monthly cash flow

−$1,500−$1,000−$500$0break-even5749 Bloomington Ave−$1,0865636 Cedar Ave S−$1,395

What's changing

Nothing curated for this neighborhood yet.