Teardown-Lite

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).

Give up?

Pop-up’s.

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.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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