North Minneapolis Buy-and-Holds Neighborhoods?

[Jon Peterson]

Hey guys-

Anyone have any experience with rentals over in North Minneapolis? I know that this area has historically been somewhat of a war zone, and definitely still is at points...but there are definitely some areas that are coming up. I am more of a Saint Paul guy, and am trying to familiarize myself with Minneapolis neighborhoods better.

Just wondering if anyone has any suggestions for specific pockets in North Minneapolis that they are liking these days?

Thanks in advance!

[Matt Higgins]

I have never never held a rental property in n mpls.  Flipped a few and I think they are easier to work w on that end than St. Paul.

From an outsiders perspective it seems like a horrible place to try and do business.  The city and newspapers put the screws to the landlords in the area.  Two years ago it was that khan that they did all they could to run out of town and defame him in the paper.  Last month they picked their man of the year 2017 a steve frenz, they pulled his licenses and fined him about 200,000$.  Now, obviously every tenant he ever had is lining up to try and take him to court.  Seems like they complain about the lack of affordable housing and then fine, defame, and pull the licenses of people who attempt to provide affordable housing.  Obviously I don't know the ins and outs of what happened.  

Clearly it's a difficult place to do business.  Class D properties.  All that inventory was so cheap a few years ago and has really came back.  There are some good pockets like west of penn or above 40th  Ave, but I would definitely cruise the neighborhood you buy in before  you buy.