What you’ll get for your money. Five condos in five Minneapolis neighborhoods.

The condo and loft market in Minneapolis is a very dynamic. From Uptown to Downtown and Eat Street to University, there is a wide array of building styles and neighborhoods to choose from. This month we’ll be looking at what you can get for less than $210,000 in five different Minneapolis Neighborhoods.

Uptown
The majority of Uptown condos are conversions of some type, meaning that they were at one time apartments and were then “converted” into condos. Many of which were brownstones that were built in the early 1900′s and were then converted after 2000. Updates often included new kitchens and baths which paired well with the original woodwork and charm of the era in which they were built.

A wonderful example of this can be found at 2417 Emerson Ave. South #102.
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Priced at $209,900 this 1254 SF condo has all the features you’d want in a converted brownstone (hardwood floors, original wood trim, amazing gourmet kitchen, etc.) as well as a few that are quite unique. As well as having two bedrooms it also features two baths (very rare) as well as in-unit (full sized) laundry and a master suite, both of which are also very hard to find. Rounding off the list of features is one off-street parking spot, which anyone who has lived in Uptown during the winter will tell you is a MUST HAVE!

Eat Street
As the name suggests, you’ll be hard pressed to find a more diverse selection of restaurants anywhere in Minneapolis. Eat Street is the section of Nicollet Ave. that runs from 15th St. to 28th St. and is lined with roughly 70 restaurants of every type imaginable. Also, just a few blocks to the east you can find the Minneapolis Institute of Art (MIA) and the Minneapolis College of Art and Design (MCAD), one to the top art schools in the country, making this area both a culinary and artistic hub of Minneapolis.

Just a few blocks from the MIA and MCAD is Eat Street Flats. Located at 15 East Franklin Ave. on the corner of Nicollet and Franklin, this project features 63 newly built condos and although it is now over 75% sold out, there are still some great units to choose from.
One of those units is #418.
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Priced at $194,900, this 1 bed, 1 bath features 769 SF, 10 foot ceilings, granite + stainless in the kitchen, in-unit laundry and the largest balcony of any 1 bedroom in the building. From that balcony (and from your kitchen and living room), you’ll be able to take in some the most breathtaking skyline views found anywhere in Minneapolis. This building also includes a CVS Pharmacy on the first floor, heated underground parking, a storage locker and a personal bike rack with every unit.

The North Loop
Without a doubt, one of the hottest area’s in Downtown is the North Loop. This neighborhood is located on the west side of Downtown and boarders the river. It is also the location of the new Twins stadium set to open next spring. If you’re looking for a “true loft” with exposed bricks, high ceilings and wooden or concrete beams/posts, this is the place start your search.
If you want to spend around $200,000 then 400 N. 1st. St. #210 (Riverwalk Lofts) is a must see.
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Priced at $204,900 this 730 SF loft features 13 foot ceilings, 1 bed, 1 bath, exposed brick walls, an updated kitchen with granite + stainless and a large arched window with views of Downtown. It’s also just two blocks from the biking, jogging and walking trails found on the river and about five blocks from the new stadium.

Northeast
NE Minneapolis is the home of the “neighborhood bar” (pick your favorite), great restaurants, St. Anthony Main and many different styles of condos and lofts. You’ll find that the closer you get to the river along St. Anthony Main, the higher pricing tends to get. If you’re willing to walk 7 blocks to Nye’s instead of three to get your karaoke fix, then you can save roughly $150,000 by purchasing a condo at Durkee — Atwood Lofts.
Located at 215 ½ 7th St. NE, this loft conversion is defiantly worth a look.
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Priced at $144,900 (not a typo!), #117 features 694 SF, 1 bed, 1 bath, an updated kitchen w/ granite + stainless, high ceilings, one off-street parking spot and tons of guest parking for your friends.

University
What’s that? You’re tired of throwing your money (or your parents) away on an overpriced 2 bed, 1 bath student housing apartment while attending the U of M? Then U Flats may be just what you’re looking for.
Located at 2900 University SE, this new construction project is just steps from class.
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Priced at just $169,900 (roughly an $1100 – $1300/month mortgage payment) #411 features 805 SF, 2 bedrooms, 1 bath a large kitchen w/ granite + stainless + breakfast bar and a private balcony. Also enjoy one heated underground parking spot.

As you can see, the type and size of condo you can get for around $200,000 in Minneapolis varies as much as the neighborhoods they are found in. What’s important to remember when purchasing a home is that finding a neighborhood that complements your lifestyle is as important as the home itself. Once you know where you want to live and why, you’ll find narrowing down the options will become much easier.

Thanks for reading!
Dylan Garrison | Urban Realtor
Downtown Resource Group
612.865.3226