Phillips West
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
- $205K
- Typical cash flow
- −$14 median per month, 20% down
- Crime, last 12 months
- 62 per 1,000 311 incidents · −2% vs. prior year
- Renter households
- 89%
- Median gross rent
- $981 all unit sizes
- Median household income
- $41K
- 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
Value-add
Under-rented, needs work, or room to negotiate.
- 2314 Portland Ave S rough The seller bought for $157,000 in Feb 2013, so they can take a lower offer and still come out well ahead.
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.
- 2721 Columbus Ave no rent estimate yet
All listings
2 listings. Filter by price or units, or switch the down payment.
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Close
2314 Portland Ave S
$409,900 · 2 units · Rough rentsCash flow −$14/mo Cap 6.3% Break-even price $407K Yr 30 vs stocks 2.42× Positive in yr 2 -
Needs more info
2721 Columbus Ave
$399,900Needs more info: no rent estimate yet
Monthly cash flow
What's changing
Nothing curated for this neighborhood yet.