Minneapolis Real Estate Blog - Kris Lindahl

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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Real Estate Near West River Parkway Trail MinneapolisWhile it’s true the winter season in Minneapolis can be pretty rough at times, it’s worth noting that our summers are equally as pleasant as the winters are harsh. Here in the “Land of 10,000 Lakes,” fishing, boating, and just about any water sport is of course a way-of-like all throughout the warm season. and you might be surprised at how awesome the golf scene is around the Twin Cities as well.  

If you live in or around downtown Minneapolis, however, living around a lake or on a golf course really isn’t a realistic option, so some potential home buyers often seek out a home or condo that’s near one of the city’s many biking/jogging paths.

For anybody who loves to stay active, living within a close proximity to any of the trails here in Minneapolis is an

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Uptown Minneapolis CondosMinneapolis features a number of vibrant and upbeat neighborhoods that are full of fun things to see and do, but few compare to the one-and-only Uptown on the city’s southwest side. A funky location that’s full of trendy restaurants, several theaters, countless coffee shops, and plenty of shopping along the way, if you’re ever bored and are looking for a fun way to pass the time on any given day or night of the week, swing by the Uptown neighborhood and you’ll find there’s almost always something going on.

Though it may not seem like it, Uptown in downtown Minneapolis is more than just an eclectic commercial district. Today, more than 30,000 people call this part of the city home and many residents reside in some of the coolest residential living spaces

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Tangletown Neighborhood, MinneapolisNamed for its winding streets, popular Tangletown is one of Minneapolis’ most sought after neighborhoods. This mature neighborhood offers the benefit of sheltering tree-line streets and vintage homes, surrounded by a rich variety of locally owned shops and entertaining restaurants. Perhaps the most visible landmark of the neighborhood, though, is the Washburn Park Water Tower, marking the highest point in the entire community.

Spacious single-family homes dot the Tangletown neighborhood, highlighted by a number of residences dating back to the early 1910s to 1920s. With classic design elements, expect to find such features as original hardwood flooring, plus large lots and charming floor plans that provide an undeniable cozy ambiance without sacrificing

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The Gateway MinneapolisPlans for a sleek new mixed-use tower were recently unveiled, which according to developers will bring 164 luxury apartments, 300 hotel rooms, and a world-class restaurant to the heart of downtown Minneapolis. United Properties, along with its partners, JMI Realty and Greystar, are behind this impressive new project, which is being called The Gateway.

As of now, The Gateway is still in the review and approval process with the City of Minneapolis, so nothing has been made official just yet. If approved, however, the tower will stand 35 stories high, include 165 upscale rental units with an average size of 1,700 square feet, two floors of ultra-luxurious penthouse units, and a five-star 300-room hotel with a meeting space, a 10,000 square foot ballroom, a

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Condos Near the University of MinnesotaLiving close to the University of Minnesota certainly has its advantages, even for home buyers who don’t attend or work at the school. Like with most major universities, the walkability surrounding the campus has a huge upside, and with plenty of restaurants, cafes, and other neighborhood amenities conveniently located along University Avenue SE, home and condo owners should have all that they need right nearby.

Among all the terrific housing options surrounding the University of Minnesota, the inventory of fabulous condominium residences might be what catch your eye first. A diverse selection of buildings and complexes that feature incredible living spaces and amenities, condos for sale near the University of Minnesota continue to fit the needs and wants

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Minneapolis Lofts For SaleThere’s no doubt lofts for sale in Minneapolis are among our favorite properties to show home buyers, and although the Rockler Fur Company building is reportedly being converted into apartments rather than loft condominiums, it’s still nice to see this historic downtown building is finally going to be rehabilitated.

According to reports, VoR Development plans to convert the old Rockler Fur Company building into a chic, 55-unit apartment complex, which would also involve designing fabulous new lobby spaces and making a number of other repairs and renovations throughout the building.

Originally built back in 1915, 16 4th Street N was originally used to store films, which is where its other name, the Film Exchange building, initially came from. Sometime in

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Minneapolis Homes For Sale Near a TargetAlthough Target is a national retailer, a new report happened to catch our eye largely because it’s a company that’s based right here in Minneapolis. According to a study done by RealtyTrac, home owners who have purchased a home near a Target store have experienced a higher home value appreciation rate than the national average, which is certainly good news for those of us who usually overspend every time we step foot inside.  

As noted by Marketwatch, which outlined the study here, owners who purchased a home near a Target store between 2004 and 2015 saw an average appreciation of 27% in the home’s value, or roughly $65,569. During that same time period, the average appreciation for homes nationwide was just 22%, or approximately $40,626.

What’s

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Rice Creek Master Plan, Twin CitiesAs developers have now placed their bids for the new 427-acre Rice Creek Commons master plan, we’re now just one step closer to having this dynamic new re-development project come to life. According to a report from the Minneapolis/St. Paul Business Journal, four development groups have all submitted proposals to Ramsey County and the city of Arden Hills, which include Alatus, Kraus-Anderson Cos. and Elion Partners, Opus Development Co. and Pulte Homes, and Ryan Cos. US Inc. and Lennar Corp.

Both Ramsey County and Arden Hills requested proposals back in February, with the city specifically wanting a mixture of residential housing, commercial space, and retail space within the new Rice Creek Commons master plan, which will assume the site of the old Twin

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