Elliot Park

Minneapolis neighborhood. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

Neighborhood profile

Listings we track: 2
Median price per unit: $260K
Typical cash flow: −$1,179
Crime, last 12 months: 79 per 1,000
Renter households: 78%
Median gross rent: $1,032
Median household income: $57K
Rent rules: No cap

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.

1518 Park Ave rough −$677/mo
1604 Elliot Ave rough −$1,681/mo

Best long-term

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

1518 Park Ave rough 0.93× stocks
1604 Elliot Ave rough 0.61× stocks

Value-add

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

1604 Elliot Ave rough The seller bought for $1 in Jul 1992, 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.

1518 Park Ave

$389,900 · 2 units · Rough rents

Overpriced
Cash flow −$677/mo Cap 4.3% Break-even price $263K Yr 30 vs stocks 0.93× Positive in yr 17
1604 Elliot Ave

$649,999 · 2 units · Rough rents

Far off
Cash flow −$1,681/mo Cap 3.3% Break-even price $334K Yr 30 vs stocks 0.61× Positive in yr 29

Monthly cash flow

What's changing

Nothing curated for this neighborhood yet.