Buying a Second Home in Downtown Minneapolis

 

Minneapolis Condos Photo

Minneapolis Downtown Condos & Lofts

 Are you planning on 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 and/or use as a seasonal home.

The downtown area is divided into two neighborhoods; downtown east, and also 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 neighborhoods 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 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: 255

Shared Amenities: Club/Party Room, Exercise Room/Yoga Room, Guest Suites, On-site Management, 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 Lofts

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 manner. You may want to use a mortgage calculator for an estimate pertaining to a monthly mortgage payment to help you make an educated decision about buying a second home/condo in Minneapolis.

RE/MAX Results
Shannon Lindstrom, REALTOR®, AHWD, CRS, GREEN
748 Grand Avenue
St. Paul, MN 55105
Direct: 612-616-9714
Lindstrom_S@msn.com
Shannon@MPLSUrbanLiving.com
www.MPLSUrbanLiving.com

  

Shannon

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