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Minneapolis › Powderhorn Park

Powderhorn Park

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
5
Median price per unit
$142K
Typical cash flow
−$444
median per month, 20% down
Crime, last 12 months
63 per 1,000
527 incidents · −6% vs. prior year
Renter households
44%
Median gross rent
$1,329
all unit sizes
Median household income
$74K
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 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.

  1. 3010 15th Ave S rough $538/mo
  2. 3048 13th Ave S rough −$380/mo
  3. 3504 Cedar Ave S rough −$444/mo
  4. 3505 18th Ave S rough −$817/mo

Best long-term

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

  1. 3010 15th Ave S rough 4.22× stocks
  2. 3048 13th Ave S rough 1.56× stocks
  3. 3504 Cedar Ave S rough 1.02× stocks
  4. 3505 18th Ave S rough 0.70× stocks

Value-add

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

  1. 3010 15th Ave S rough The seller bought for $1 in Jul 1994, so they can take a lower offer and still come out well ahead.
  2. 3504 Cedar Ave S rough The seller bought for $33,500 in Jan 2009, 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.

  1. 3431 Elliot Ave The city's rental license covers 1 unit(s); this analysis counts 2.

All listings

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

  1. 3010 15th Ave S

    $276,000 · 2 units · Rough rents
    Cash flows
    Cash flow $538/mo Cap 8.7% Break-even price $377K Yr 30 vs stocks 4.22× Positive in yr 1

  2. 3048 13th Ave S

    $427,500 · 3 units · Rough rents
    Close
    Cash flow −$380/mo Cap 5.3% Break-even price $356K Yr 30 vs stocks 1.56× Positive in yr 8

  3. 3504 Cedar Ave S

    $280,000 · 2 units · Rough rents
    Overpriced
    Cash flow −$444/mo Cap 4.5% Break-even price $196K Yr 30 vs stocks 1.02× Positive in yr 15

  4. 3505 18th Ave S

    $360,000 · 2 units · Rough rents
    Far off
    Cash flow −$817/mo Cap 3.7% Break-even price $207K Yr 30 vs stocks 0.70× Positive in yr 24

  5. 3431 Elliot Ave

    $489,000 · 2 units · Rough rents
    Far off
    Cash flow −$1,393/mo Cap 3.0% Break-even price $227K Yr 30 vs stocks 0.54× Positive in 30+ yrs

    Needs more info: The city's rental license covers 1 unit(s); this analysis counts 2.

Monthly cash flow

−$1,000−$500$0$500$1,000break-even3010 15th Ave S$5383048 13th Ave S−$3803504 Cedar Ave S−$4443505 18th Ave S−$817

What's changing

Nothing curated for this neighborhood yet.