Location, Location, Location; or, “Ringside Seat” You might guess that a home with an eagle’s nest across the street would be in the middle of nowhere. Unh-unh. In this case, “across the street” would be the Mississippi River, less than 2 miles southeast of the University of Minnesota and Downtown Minneapolis, and about six miles west of...Read More
Missed Marketing Opportunity? I suppose there could be a liability issue, but if I owned a downtown parking ramp with a prime view of tonight’s fireworks, I’d put up this sign: “Best Fireworks View! $10” Then, I’d have cars park below the top level, which I’d leave open for watching the fireworks. Maybe even sell some...Read More
“How’s the Market?” Which Market?? If you were under the impression that Downtown Minneapolis was all just one big, residential real estate market, think again. In fact, local agents regard it as five different sub-markets: 1) North Loop; 2) Mill District; 3) Northeast (across the Mississippi from downtown); 4) Loring Park (southwest of downtown); and 5)...Read More
The $64,000 $500,000 Question: Can You Finance It? Apparently, there are now a number of Downtown Minneapolis condo’s on the market listed at “too good to be true” prices. The catch? They’re in buildings with checkered histories, making financing more difficult if not impossible. Specifically, the list of stumbling blocks include: –Buildings with pending litigation due to defects; –Condo...Read More
2:45 p.m. to 3:45 p.m.?? Where: 1340 Fairlawn, in Golden Valley’s South Tyrol Hills neighborhoodWhat: 4 BR/3 Bath ’50’s split-level with almost 3,600 FSF; built like a tank and very quiet! Set on a pretty, .33 acre lot.How (much): $387,500Who: listed by Ross Kaplan; broker is is Edina RealtyWhen: 2:45 p.m. to 3:45 p.m., Thursday,...Read More
Looking (in vain) for a Parking Spot In today’s post-crash, Alice-in-Wonderland financial world (zero percent interest rates, the biggest financial culprits commandeer the most government aid, etc.), it’s nice to see that not all economic laws have been repealed. Like supply and demand. Headed to a downtown appointment yesterday — President’s Day, a holiday for...Read More
