This 980 sqft property in Minneapolis offers solid rental income potential, with monthly rents ranging from $1,522 to $1,995 based on comparable properties. Minneapolis is currently the top city to watch for rental activity in 2025, with housing demand consistently outpacing inventory. Located in the St. Anthony West neighborhood, this property benefits from Minneapolis' 36% increase in rental page views year-over-year, indicating growing renter interest. With a current valuation of approximately $456K, and estimated annual rental income between $18,264 and $23,940, the payback period would be approximately 19-25 years.
To maximize rental potential, consider strategic upgrades to kitchen and bathroom fixtures, as these high-impact areas can justify premium rents in Minneapolis' competitive market. Install in-unit laundry if not already present, as this is a highly sought-after amenity. Market the property's proximity to downtown and neighborhood amenities to attract quality tenants. For the current owner considering selling, the timing is favorable given Minneapolis' position as 2025's top rental market coupled with the continued housing inventory shortage, potentially attracting investor buyers willing to pay premium prices for turn-key rental properties.