We often meet people eager to buy a condo specifically for short-term rentals. So, here's the deal: The not-so-great news is almost all condos in Minneapolis don't allow it. But don't lose heart—there's one option out there that does. So, it's not all doom and gloom!

Why Invest in Short-Term Rentals

We chat with people all the time who are interested in owning a Minneapolis condo as a second home or what some like to call an "urban cabin." Not everyone's excited about juggling two mortgages—especially now that we've hit the highest mortgage rates since the early 2000s. That's where short-term rentals come in. You get to have your condo and make money from it too. You use it when you want, and the rest of the time, it's making cash for you. 

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Navigating the world of real estate, particularly when hunting for the perfect condo, can often feel like stepping into a new universe filled with unfamiliar terms and phrases. This glossary is designed to break down some of the most common (and confusing) condo jargon, so you can shop with confidence and clarity.

Basic Condo Terminologies

1. Condominium: At its core, a condominium, or 'condo', refers to a type of real estate ownership where you own a specific unit within a larger building or complex, along with shared ownership of common areas.

2. Common Areas or Amenities: These are spaces within a condo complex that all residents can use. This can include hallways, lobbies, pools, gyms, gardens and more.

3. Homeowners Association (HOA):

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As we reflect on the past year, the real estate market in the North Loop neighborhood of Minneapolis has seen some changes over the last year. Let's take a closer look at the key metrics from June 2022 to June 2023 and what you need to know if you are a seller or a buyer.

Important Data Points

New Listings: Over the past year, new listings in the North Loop have decreased by 19.4%, from 227 to 183. This reduction in new listings suggests a tightening of the market, with fewer properties available for potential buyers. 

Closed Sales: Closed sales have seen a decrease, dropping by 29.7% from 182 to 128. This decline could be a result of the reduced inventory, with fewer properties available to close on.

Median Sales Price: Despite the decrease…

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North Loop Green. What you need to know! 

Minneapolis' North Loop neighborhood is about to undergo a dramatic transformation with the construction of North Loop Green, a groundbreaking mixed-use development that is set to become one of the city's largest and most exciting projects. Situated in a prime urban location adjacent to Target Field, home of the Minnesota Twins, and at the heart of Minneapolis' public transit system, North Loop Green promises to redefine the concept of urban living. With its innovative design, stunning views, and a multitude of amenities, this development is set to become a vibrant hub for residents, workers, and visitors alike.

A Dynamic Mixed-Use Destination

North Loop Green is more than just a building; it's a…

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Today was a significant time for downtown Minneapolis' real estate as the distinguished LaSalle Plaza, an office tower previously under distress, has found a new owner. The office tower was recently acquired by Eden Prairie-based Hempel Cos. at an astonishing markdown from its previous selling price, adding a compelling chapter to the city's real estate narrative.

As reported by the Minneapolis/St. Paul Business Journal Hempel Cos. purchased the property for a cool $46 million, a sharp discount compared to the $155 million paid by the Teachers' Retirement System of the State of Illinois in 2011. The figure may not have been disclosed officially. The sale markets a new dawn Minneapolis commercial real estate investors face as the decline in office…

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Tour this one-of-a kind 2-story, industrial Minneapolis loft transformation at the Whitney Residence in Downtown Minneapolis.

"Featuring a spectacular solarium design to bring the outside into this historic building. Materiality and fine details abound: stained glass and metalwork inspired by the Paris World Fair, exposed brick walls, dramatic lighting, and custom craftsmanship." 

>>Watch Full Video HERE<<

Builder: StreeterHomes.com 

Architect: PKA Architecture 

Interiors: MartinPatrick3 

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5 Luxury Upgrades for Your Minneapolis Home

Try these projects to make your home more convenient and comfortable, as well as improve its resale value

Whether spring’s in full bloom or the autumn leaves are beginning to fall, it’s always the perfect time to assess Minneapolis properties and decide which luxury upgrades would make sense. There’s always something you can do to your home to make it more comfortable and to improve its value.

Among the many upgrades that make sense are old favorites like bathroom or kitchen remodels. Some upgrades that have become popular in more recent years are improving your outdoor spaces, adding or enhancing a home office, and putting in a wellness room or home gym.

While the list of possible upgrades is long,…

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