Are you planning or thinking about buying a downtown Minneapolis condo or loft as a second home and/or for investment in the near future? Do you want to experience sustainable urban downtown Minneapolis living? The downtown Minneapolis metropolis is an option for individuals looking for an ideal place to retire or visit on weekends and/or on a seasonal basis.
The downtown area is divided into two neighborhoods; downtown east and downtown west. The residential real estate in the downtown east location is anywhere from historic warehouse lofts to modern condos. The downtown west residential real estate opportunities are from modern-traditional high-rise to mid-rise condos to historic warehouse lofts.
The Minneapolis neighborhood within a short distance of the center of downtown is the North Loop, Riverfront District, Loring Park, Stevens Square/Loring Heights and also Elliott Park.
Buyers have a wide variety of condo choices, since every condo development has anywhere from basic shared to amenities to full service.
Please find below a few Minneapolis condo/loft options in or near downtown:
The Carlyle
100 3rd Avenue South, Minneapolis
Built: 2007
Floors: 39
Units: 25
Shared Amenities: Club/Party Room, Exercise Room/Yoga Room, Guest Suites, On-site Management, and Outdoor Lounge, Outdoor Heated Pool, and Spa/Hot Tub.
Pets: Dogs/Cats per size & number limit
Parking: Heated Garage & Guest Parking
Bridgewater
215 10th Avenue South, Minneapolis
Built: 2007
Floors: 10
Units: 280
Shared Amenities: Club/Party Room, Exercise Room, Roof Deck, Roof-Top Pool, Spa/Hot Tub, and On-Site Management
Pets: Dogs/Cats per size & number limit
Parking: Heated Garage & Guest Parking
North Star Lofts
117 Portland Avenue, Minneapolis
Built: 1925
Floors: 7
Units: 36
Shared Amenities: Club/Party Room, Exercise Room, and Roof-Top Deck
Pets: Dogs/Cats per size & number limit
Parking: Heated Garage & Guest Parking
Bookman Lofts
525 3rd Street North, Minneapolis
Built: 1914
Floors: 5
Units: 57
Shared Amenities: Exercise Room & Fire Pit
Pets: Dogs/Cats per size & number limit
Parking: Heated Garage & Guest Parking
Bookman Stacks
345 6th Street North, Minneapolis
Built: 2005
Floors: 8
Units: 45
Shared Amenities: Club/Party Room, Exercise Room, and Roof Deck
Pets: Dogs/Cats-Breed restriction and number limit
In some cases, you may be able to rent your downtown condo while it is not in use for investment purposes. You will need to check the association documents or call the condo association to find out if they allow the owners to rent their units. You could also have regular tenants who can pay you enough rent to cover mortgage payments, association and maintenance fees.
Buying a second home/condo in the downtown Minneapolis location can be a good investment only if you are able to manage finances in a prudently. You can also use a property calculator to factor in maintenance expenses and insurance costs to help you make an educated decision about buying a second home/condo in Minneapolis.
RE/MAX Results
Shannon Lindstrom, Realtor®, AHWD, NCS
7373 Kirkwood Court North, Ste. 300
Maple Grove, MN 55369
Direct: 612-616-9714
Lindstrom_S@msn.com
Shannon@ShannonLindstromRealtor.com
www.ShannonLindstromRealtor.com
www.ShannonLindstrom.info
