Rent report generated May 16, 2025
The Rent Potential of
5209 38th Ave S Minneapolis, MN 55417
is $2,013 – $2,450/mo.
Rent Advice
This 3-bed, 2-bath single-family home in Minneapolis has excellent rental potential, with projected monthly revenue between $2,012-$2,450. Based on the average rent of $1,680 in Minneapolis, this property sits above market, likely due to its desirable Nokomis East location and charming features. With a listing price of $350K, the annual rental income of $24,150-$29,400 suggests a payback period of 12-15 years. Minneapolis is currently the top rental market to watch in 2025, with strong demand outpacing inventory and page views for rental properties up 36% from last year.
To maximize rental potential, consider modernizing the kitchen while maintaining the home's vintage charm. The unfinished basement offers an opportunity to add value by converting it into additional living space. Highlight the property's proximity to Minnehaha Falls, Lake Nokomis, and the Grand Rounds trail system in marketing materials. For the current owner considering selling, the timing couldn't be better as Minneapolis claims the top spot for rental activity in 2025, making this an attractive investment property with strong appreciation potential.
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