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Minneapolis › Midtown Phillips

Midtown Phillips

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
$162K
Typical cash flow
−$425
median per month, 20% down
Crime, last 12 months
79 per 1,000
409 incidents · +2% vs. prior year
Renter households
61%
Median gross rent
$1,403
all unit sizes
Median household income
$45K
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. 2834 15th Ave S rough −$425/mo
  2. 2820 12th Ave S serious flag rough −$432/mo

Best long-term

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

  1. 2820 12th Ave S serious flag rough 1.69× stocks
  2. 2834 15th Ave S rough 1.57× stocks

Value-add

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

  1. 2820 12th Ave S serious flag rough Long time on market: room to negotiate.

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. 1508 E 26th St 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. 2834 15th Ave S

    $484,900 · 3 units · Rough rents
    Close
    Cash flow −$425/mo Cap 5.3% Break-even price $405K Yr 30 vs stocks 1.57× Positive in yr 8

  2. 2820 12th Ave S

    $550,000 · 2 units · Rough rents
    Close
    Cash flow −$432/mo Cap 5.4% Break-even price $469K Yr 30 vs stocks 1.69× Positive in yr 7

    Property taxes have been delinquent since 2025. Expect penalties and a payoff at closing; ask why.

  3. 1508 E 26th St

    $529,999 · 5 units
    Cash flows
    Cash flow $1,936/mo Cap 10.8% Break-even price $894K Yr 30 vs stocks 5.66× Positive in yr 1

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

Monthly cash flow

−$500$0break-even2834 15th Ave S−$4252820 12th Ave S−$432

What's changing

Nothing curated for this neighborhood yet.