Minneapolis Real Estate Blog - Kris Lindahl

Things To Do in Minneapolis This SummerAlthough the summer season is winding down quickly, there’s still plenty to see and explore in Minneapolis. So before back-to-school season arrives and the inevitable break in the warm weather hits, we uncovered three things you need to do here in the great city of Minneapolis before the summer season ends. Take a look below...

Live Entertainment

The first half of August is packed with entertainment options and the Minnesota Fringe Festival is a great way to see it all. The festival runs for eleven days in Minneapolis, with dozens of different shows and hundreds of performances planned throughout the city. 

Float the Mississippi River

Next up, take a private or public cruise along the Mississippi River. The Minneapolis Queen takes off from

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Currie Market Apartments MinneapolisAccording to multiple outlets, Wellington Management Inc. has acquired a 6.8 acre industrial site in Minneapolis and has plans to build a large mixed-use development that would include both housing and office space. 

As mentioned in reports, the St. Paul-based developer officially closed on the complex back on July 1st, which was purchased for just $1.05 million. Lee Holdings Inc previously occupied the 85,000 square foot building, of which part of will be razed to make way for 110 apartment residences. About 50,000 square feet of the building will remain, however, which is where Wellington Plans to build out creative office spaces that are being called Currie Market. 

Although the site has long been used for industrial use, it was re-zoned into

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July 4th Events in MinneapolisWith the 4th of July rapidly approaching, we thought now might be a good time to get you up-to-speed on all the events and festivities that are taking place throughout Minneapolis over the holiday weekend. So if you’re planning to spend this year’s Fourth here in Minneapolis and are looking for something to do, here’s a short list of what’s going on:

Red, White, and Boom!

An annual celebration that’s hosted by the Minneapolis Park and Recreation Board, the Red, White, and Boom festival brings 75,000 people to the city’s scenic riverfront for live music, tons of good food, family-friendly activities, and of course a spectacular fireworks show for the grand finale.

Red, White, and Boom! Twin Cities Half Marathon, Relay, and 5K

Before you gear up

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Minneapolis Rent PricesAs you might have noticed, demand for apartments in Minneapolis seems to be higher than ever. And while developers also seem to be building new apartment projects faster than ever, the high demand is continuing to push rent prices higher and higher not only in downtown Minneapolis but all over the Twin Cities region.

According to a recent study done by Zumper, a rapidly-growing apartment finding company, Minneapolis now ranks as the 15th most expensive city in the U.S. in terms of rent prices, which puts it ahead of cities like Baltimore and even Denver, which is also seeing tremendous growth right now.

From May to June, one-bedroom rentals in Minneapolis saw a 2.4% hike, putting the median price right at $1,260 per month. On the flip side, however,

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One of Minneapolis’ premier downtown hotels will now be offering bike sharing to its already long list of lifestyle amenities, which is a trend that’s catching on in cities all across the country. Radisson Blu, a brand under the Carlson Resider Hotel Group, is reportedly testing out a new bike-sharing program at two of its hotels, with one of course being the Radisson Blu location in Minneapolis.

According to a release, hotel guests at the Radisson Blu Minneapolis and even locals living in the city will now be able to rent bikes at three different rates: $11 for one hour, $22 for four hours, or $33 for eight hours.

For guests staying at the hotel, the idea seems like it should be widely successful given the Radisson Blu sits just minutes from Target

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New Minneapolis Riverside ParkA fabulous new riverside park seems to be in the works, as the Minneapolis Park Board has officially approved a project that involves demolishing the vacant Fuji-Ya restaurant that overlooks St. Anthony Falls and replacing it with a new public park space.

According to reports, the city has agreed to a $2 million contract with a design team that’s led by Damon Farber Associates of Minneapolis, but will also include HGA Architects and Engineers, MacDonald & Mack Architects, Barr Engineering, Kimley Horn and Associates, Toole Design Group, The Musicant Group, Mortenson Construction and 106 Group.

In all, the new park, which will completely revitalize a four-block area surrounding Mill Ruins Park, is expected to cost around $27 million, but much of that

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Minneapolis Condos Near Downtown TransitWith a close proximity to public transportation being such an important factor in what home buyers want today in a new place to live, starting a home search based on options that are located near certain light rail stations in Minneapolis makes a lot of sense. Aside from perhaps making that dreaded daily commute a little bit easier during the work week, living near the rail also can also mean higher home values and appreciation rates and easily being able to hit some of the city’s best restaurants, entertainment venues, or sporting events all without the hassle of trying to find somewhere to park. So, if you happen to be in the market for a new Minneapolis condo, let’s start your search with a few top-notch condo buildings near the 5th Street/Government

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Minneapolis Millennials According to a national study done by the Rockefeller Foundation, 66% of millennials put easy access to high-quality public transportation as a top priority when considering a move to another city. People have always relied on public transit to get to and from work or school, but as more and more younger home buyers are entering the marketplace, efficiency, walkability, and transportation options are seemingly more important than ever in the world of real estate.

Outside of a close proximity to transportation, however, there are also plenty of other elements today’s young home buyers want in a new place to live that you might have a bit more control over if you’re someone who is thinking about selling your Minneapolis home.

Updated kitchens and bathrooms

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Downtown Condos in MinneapolisPrior to the recession, the condo market in downtown Minneapolis was booming. New projects were being announced seemingly faster than ever and contracts were being signed at lightning fast paces. But like in most markets across the U.S., the housing crash changed things dramatically and the downtown Minneapolis real estate market overall took a pretty hard hit.

Today, the nation’s residential real estate market has rebounded quite nicely since the worst of the downturn and condos are once again the talk of downtown Minneapolis. According to recently released numbers, the median sales price for a condo unit in the heart of Minneapolis has jumped 22% since 2011, and demand seems stronger than ever before.

Naturally, the one major hurdle facing many of

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Homes For Sale Near Public Transportation in the Twin CitiesIt’s certainly no secret that many of today’s active home buyers want to live somewhere close to public transportation, but according to a recent study done by the Minneapolis Area Association of Realtors, it’s something that’s becoming increasingly important here in the Twin Cities. While Minneapolis isn’t quite yet one of those U.S. cities where many people don't actually own a car, it’s rapidly reaching the point where a lot of home buyers want that option should they prefer to rely on public transit. And as a result, research is now showing that homes in several Minneapolis neighborhoods that offer close access to the Metro Transit Line are not only increasing in value, but also selling at a faster rate as well.

According to the findings, homes close

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