Are you thinking of investing in real estate in Minneapolis? If so, your timing is perfect!
Investing in Minneapolis real estate can be lucrative and provide great returns. The monthly rent can earn you a passive income for a long time. You may also build long-term financial security and expand your investment portfolio.
The real estate market in Minneapolis is attractive to investors, and rightly so. The quality of life is high, the population is growing, and the job market is increasing as new jobs are being added to the economy.
In this article, we at MN Property Nerds will take you through the best areas in Minneapolis for you to consider regarding your next property investment. We will give you insight on the best neighborhoods that have high potential and high returns in Minneapolis.
The neighborhood of Kenny has a population of 3,763. Kenny is located in Hennepin County and is definitely one of the best areas to live in Minnesota.
Most residents in Kenny are home owners, but many are searching for rental homes and this is where you can come in. Residents of Kenny appreciate that the area is sparsely populated and expansive. The area boasts amenities such as restaurants, coffee shops and parks. Kenny also has highly rated public schools, additionally making the neighborhood perfect for families with children.
Linden Hills has a population of 7,726 and is located in Hennepin County.
It is one of the best areas to live in with its unmatched urban village and charming, tree lined streets. Linden Hills is perfect for anyone looking to live in a location that offers a high quality of life. Linden Hills often tops the list as one of the best neighborhoods in the city.
This is thanks to its low crime rate, small town vibe, variety of dining and shopping options and the availability of green space.
To add on, there are many interesting activities to do while in Linden Hills. At Linden Hills Recreational Centre, kids can play basketball pick-up games. Moreover, for organic goods enthusiasts, Linden Hills Farmers Market is the place to shop for harvests fresh from the farm.
Hale has a population of 3,244 and is in Hennepin County.
This neighborhood is a perfect place to live, especially for those who want to retire or raise their kids. It is a safe, family-friendly neighborhood with a very low crime rate. Hale offers a variety of housing options from beautiful cottages to Craftsman-style homes.
Hale prides itself in having some of the best schools such as Our Lady of Peace School and Hale Elementary School, which families will appreciate.
There are plenty of fun things to do in Hale, from spending an afternoon at Lake Nokomis Park to kayaking to swimming at the beautiful beaches. Shop for locally grown vegetables and fruits or fresh flowers at the Nokomis Farmers Market.
The Cooper neighborhood has a population of 3,658 and is located in the Hennepin County.
This neighborhood features modest single-family homes, outdoor recreational sports and great schools.
A myriad of exciting activities exist for one to do in Cooper. You can bike or walk along the trails at Longfellow Beach. There are opportunities for some family fun at the Brackett Recreational Center. Moreover, enjoy tasting whiskey on select days at the Merlins Rest Pub.
Ericsson is located in Hennepin County. It has a population of 3,512. It is one of the best neighborhoods, at least according to an analysis done by Redfin. The analysis looked at character, affordability and accessibility to coffee shops, stores and downtown Minneapolis.
The average price of a home in the neighborhood is $238,000. At that price, it is comparatively more affordable than other more illustrious neighborhoods.
Ericsson is conveniently located between Minnehaha Falls and Lake Hiawatha. This ensures residents have access to exciting outdoor activities to enjoy.
Bryn Mawr is located in Hennepin County and is home to 5,479 residents. It’s located in the downtown’s Northwest and shields residents from the hustle and bustle of busy areas like Uptown.
The neighborhood is surrounded by 650 acres of trails, lakes and parks. Some of the parks include Ashbridge Park, Clem Macrone Park and The Bryn Mawr Gazebo.
Bryn Mawr has a small town vibe while still ensuring residents have quick access to big town amenities.
On average, the cost of living in Bryn Mawr is relatively higher than the rest of Minneapolis. At 22%, the crime rate in the neighborhood is lower than that at the national level.
Downtown East has a population of 2,776. Once a neglected area, the neighborhood is now one of the most desirable in the city.
The real estate features both upcoming and historic buildings. Perhaps one of the most notable real estate properties is the U.S. Bank Stadium, which featured the 2018 Super Bowl.
The neighborhood is an extension of the core of downtown. So, residents still get to enjoy all the amenities the downtown area has to offer. It is most well known for being a center for fine arts, as it is home to Guthrie Theater and the Macphil Center for Music.
The Mississippi River waterfront also offers tons of amenities, including fine dining and shopping options. There are also high-tech lofts, a public space and a new Radisson RED hotel in the area.
Minneapolis is great investment destination to all those who want try their luck in the real estate business. Some of the unique attractions in the area include the Walker Art Center museum, Guthrie Theater, and Stone Arch Bridge, among others.
If you are thinking of buying Minneapolis real estate, consider the following areas: Kenny, Linden Hills, Cooper, Downtown east, Bryn Mawr, Ericsson and Hale.
Call us today for any questions regarding investment opportunities in Minneapolis, MN.