What do you get when you combine a high-demand, close-in neighborhood, smallish existing housing stock, and small city lots (typically, 120′ x 40′)?
Not tear-downs, because of the lot size.
And not bump-outs, for the same reason (there’d be no yard left).
As in added second stories.
One of the areas where this trend is well under way is in St. Louis Park’s Fern Hill neighborhood — specifically, the west side of it (roughly between Monterey and Highway 100).
This six block stretch is prime territory for pop-up’s because these blocks are full of smaller, $250k-$350k homes — yet homes just to the east go for $400k-$600k (and sometimes much, much more)
The pop-up’s are simply closing the gap.
Over time, this trend is driving all of Fern Hill up . . . literally.