Northeast Minneapolis Arts District: Urban Condo & Loft Living

Modern Lofts

Minneapolis Northeast has numerous neighborhoods. If you’re looking for urban walkable condo living, please find below a few locations you might want to consider.

The Northeast Minneapolis Arts District is a vibrant spot with art galleries, unique and trendy shops, craft breweries and iconic restaurants. The tree lined streets are host to the historic Art-A-Whirl festival that attracts artists and attendees from all over.

Experiencing Condo Living in the Artist Districts

With revitalization that started in the 60’s and happened again in the 90’s, the area saw growth of condo development. You will find quite a few large industrial buildings have been transformed into modern housing with a trendy twist yet giving homage to the buildings histories. This trend has continued with new condo developments being built amongst the old historic buildings.

The area is no longer Minneapolis’s best kept secret and demand to live in this area is up. It is currently a seller’s market with low inventory. However, if you have interest in moving to the area, having a knowledgeable and experienced guide is key to making your move to the area happen. There are numerous condo developments (in the area) that offer just what you might be looking for pertaining amenities and floor plans. To name a few, The Phoenix on the River, Flour Sack Flats or Village Lofts might just fit the bill.

The Northeast Minneapolis Riverfront is just as charming with the same opportunities to experience the arts, shops, pubs and restaurants. However, the riverfront views are a “can’t miss”. You can truly experience the old meets new on the Riverfront. The location is all about taking in the outdoors with the views, parks and biking & walking paths.

Urban Condo

The Condo Living Lifestyle

Northeast Minneapolis has transformed into an area that is perfect for the condo living lifestyle. You can spend less time commuting by being central to work centers and leisure activities. And you can spend less time on home maintenance and yard work because it’s done for you. We all need more time and condo living is one way to take back those precious hours and do more of the things you enjoy. Imagine, walking out your door on a Saturday and strolling through one of the districts enjoying the views and wandering down the river or shopping and dining locally in support of your neighbor artists, chefs and brewers. If you think the Northeast Minneapolis condo lifestyle is your key to work/life balance, let’s chat! I would love to help find you the perfect condo.

RE/MAX Results
Shannon Lindstrom, REALTOR®, AHWD, GREEN, NCS
612.616.9714
Shannon@ShannonLindstromRealtor.com
www.ShannonLindstromRealtor.com
www.ShannonLindstrom.info



A Guide To Visiting The Minneapolis Northeast Arts District

Twin Cities Artists

Voted as one of the best art districts in America, Minneapolis Northeast offers an eclectic mix of both old and new world charm. The southern part of the district is filled with decades-old bars & pubs along with award-winning restaurants, and breweries. The place is dotted with art studios galore that come even more alive when the annual Art A Whirl studio tour takes place. The district becomes more and more residential as you move towards the north, finally transitioning into suburbs. Following are some of the iconic landmarks of this place where you can taste the true flavors of this district.

  • Grumpy’s Bar: Grumpy’s is one of the most iconic bar of the Minneapolis Northeast Arts District. The place serves local beer and all of Minnesota’s bar food you could want.
  • Ritz Theater: This beloved Minneapolis theater has been there in the district since 1926. Witness performances of popular shows along with food and drinks from Surdyk’s here. 
  • Erte and the Peacock Lounge: If you are looking to taste some French American food with some live music, pop into the Erte with its supper club atmosphere. Toss back some of the best martinis of the city in The Peacock lounge just across the road.
  • Sikora’s Polish Market: This self-proclaimed Little Poland market lies right in the middle of the Northeast Arts District.
  • Gasthof’s: Sample some traditional fare at this German beer hall. The place is great as a warm-weather hang out with friends while also being the hub of Das Boot drinking competition.
  • Mayslack: If you are on the lookout for reasonably cost drinks with some local band music, Mayslack bar is the place for you. The place is popular among both local residents as well as hipsters.

The walking style lanes of the Minneapolis Arts District are full of independent galleries and shops that are worthy of exploration. In addition, there are plenty of events and tours that keep happening throughout the year to make the place livelier and more interesting. 

If you’re looking to buy or sell a condo or a home in the Minneapolis Northeast location and/or the surrounding areas, please feel free to call, text, or email me at your earliest convenience.

Minneapolis Art Gallery

RE/MAX Results
Shannon Lindstrom, REALTOR®, AHWD, GREEN, NCS
612-616-9714
Shannon@ShannonLindstromRealtor.com
www.ShannonLindstromRealtor.com
www.ShannonLindstrom.info 

5 Common Mistakes To Avoid As A First-Time Home Buyer

Front Door to a Home

Some first-time homebuyers do not find it easy, considering how complex the entire home buying process can be. However, navigating the whole process will be easier when you have the right information and guidance.

First Time Homebuyers

This post highlighted the five most common mistakes we have seen first-time home buyers made over time. Read on to know these mistakes and how to avoid them.

  1. Inadequate research.

The first step is to assess your financial capability, as well as your assets and liabilities. Know where you stand before seeking a mortgage. After you’ve mortgage pre-approved, proceed to start viewing properties in your locations of interest. Adequate research is necessary to ensure you are investing in a neighborhood with adequate amenities, including transport facilities, schools, healthcare, and others.

2.   Choosing the wrong mortgage.

There are different mortgage finance products out there, each with different specifics and propositions. Take time to examine each mortgage loan product option. As a first-timer, this may be slightly difficult. We recommend that discuss the mortgage process & products with a loan officer to help you through the entire process.

Mortgage Lender

3.   Wrong timing.

When it comes to real estate deals, the right timing is relative. But it is easy to miss the right timing if you are waiting for the prices to come down. The laws of demand and supply will always be in play. So, playing a long-term strategy may not always be the right move.

4.  Exceeding your budget.

You should set a budget and stand by it. You will always find tempting homes that will most likely be beyond your budget. You might want to avoid houses that are beyond your range, no matter who recommends them or how attractive they are. Always stay within the limits of your budget to avoid financial troubles.

Home

5.  Giving in to emotions.

‘Love at first sight’ exists pertaining to locating a new home. You just see a great house and you immediately like everything about it. While there are good chances that you will like a property, you must learn to keep emotions in check.

No matter how great the love is, ensure that you try not to beyond your budget limit. If the property costs more than you can afford, it is simply not for you.

Finally, avoiding the mistakes above will make your home buying process seamless, despite being a first-time homebuyer.

RE/MAX Results
Shannon Lindstrom, Realtor
Direct: 612-616-9714
www.ShannonLindstromRealtor.com
www.ShannonLindstrom.info

Consider Upgrading Your Twin Cities Condo or Home before You List

Kitchen

Most people have wandered through new condo or single-family home developments in the Twin Cities & surrounding suburbs and wished their own home looked as modern and chic. Model homes showcase the latest upgrades and decorating trends; for home sellers these homes are their competition, and it can feel daunting to offer an older floorplan and design.

While it might seem like a smart idea to simply offer a buyer credit and list, there are downsides to this plan, and taking the time to update on your own first could possible mean thousands of dollars in your pocket.

White Kitchen


Here are a few reasons why offering a credit might not be the best strategy:

Buyer Impression – A dated home looks old and not all buyers can see the potential.
Lower Offers – Offering a credit for repairs or updates could be viewed as high seller motivation, resulting in lower offers.
Value Differences – You and your buyer might disagree on the value of needed upgrades. For example, you might feel $2,500 is a fair cost for a new countertop whereas your buyers might expect considerably more; this can lead to more negotiations and lower sales price.
Home Condition – A property that shows its age can prompt the buyer to worry about the overall condition.
Loan Approval – Lenders are wary of buyer credits; in fact, upgrade or repair credits can be an issue. You might have a buyer unable to take advantage of the credit at all.

Home design trends change quickly. If you’re ready to sell, it could be tempting just to list your home in its current condition. Before you just add a credit to the listing, consider some simple updating so your buyers can see the value of your home.

Is This the Year to Sell Your Twin Cities Condo or Home?

Twin Cites Home

If one of the questions you’re asking yourself is, “Should I sell my condo or home this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a condo or home.

Condo Kitchen

Here’s why.

According to the latest Home Purchase Sentiment Index from Fannie Mae, 57% of consumer respondents to their survey indicate now is a good time to buy a home, while 59% feel it’s a good time to sell one:

“The percentage of respondents who say it is a good time to sell a home remained the same at 59%, while the percentage who say it’s a bad time to sell decreased from 35% to 33%. As a result, the net share of those who say it is a good time to sell increased 2 percentage points month over month.”

As you can see, many still believe that, despite everything going on in the world, it is still a good time to sell a condo or a home.

Why is now a good time to sell?

There simply are not enough homes available to meet today’s buyer demand, and they’re selling just as quickly as they’re coming to the market. According to the National Association of Realtors (NAR), unsold inventory available today sits at a 2.3-month supply at the current sales pace, which is down from a 2.5-month supply from the previous month. This record-low inventory is not even half of what we need for a normal or neutral housing market, which should have a 6.0-month supply of unsold inventory to balance out.

With so few condos or homes available for buyers to choose from, we’re in a true sellers’ market. Homeowners ready to make a move right now have the opportunity to negotiate the best possible contracts with buyers who are feeling the pull of intense competition when it comes to finding their dream home. Lawrence Yun, Chief Economist for NAR, notes how quickly homes are selling right now, further confirming the benefits to sellers this season:

“The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates.”

However, this sweet spot for sellers won’t last forever. As more homes are listed this year, this tip toward sellers may start to wane. According to Danielle Hale, Chief Economist at realtor.commore choices for buyers are on the not-too-distant horizon:

“The bright spot for buyers is that more condo & homes are likely to become available in the last six months of 2021. That should give folks more options to choose from and take away some of their urgency. With a larger selection, buyers may not be forced to make a decision in mere hours and will have more time to make up their minds.”

If you’re ready to make a move, you can feel good about the current sentiment in the market and the advantageous conditions for today’s sellers. Let’s connect today to determine the best next step when it comes to selling your house this year.

Twin Cities Sellers Contact