Prospect Park - East River Road
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
- $292K
- Typical cash flow
- −$1,908 median per month, 20% down
- Crime, last 12 months
- 33 per 1,000 378 incidents · −8% vs. prior year
- Renter households
- 80%
- Median gross rent
- $1,407 all unit sizes
- Median household income
- $49K
- 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.
- 50 Arthur Ave SE rough −$1,089/mo
- 836 Thornton St SE rough −$2,727/mo
Best long-term
Year-30 wealth vs. the same money in stocks.
- 50 Arthur Ave SE rough 0.65× stocks
- 836 Thornton St SE rough 0.41× stocks
Value-add
Under-rented, needs work, or room to negotiate.
- 836 Thornton St SE rough The seller bought for $500 in May 2003, 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.
-
Far off
50 Arthur Ave SE
$450,000 · 2 units · Rough rentsCash flow −$1,089/mo Cap 3.5% Break-even price $245K Yr 30 vs stocks 0.65× Positive in yr 26 -
Far off
836 Thornton St SE
$719,000 · 2 units · Rough rentsCash flow −$2,727/mo Cap 1.8% Break-even price $207K Yr 30 vs stocks 0.41× Positive in 30+ yrs
Monthly cash flow
What's changing
Nothing curated for this neighborhood yet.