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The Duplex Doctor Blog:

What Does The Future Look Like For Investing In Duplexes?

What Does The Future Look Like For Investing In Duplexes?

What Makes Minneapolis & St. Paul So Great To Invest In?

As I write this, the bitter cold of sub-zero temps, will make many wonder why people love it here. Here are just some of the areas that Minneapolis & St. Paul score near the top of important charts:

Of the 20 richest cities in the U.S., only three had half of the homes being within reach for middle-class families. Salt Lake City, Pittsburgh, and Minneapolis-St. Paul (per The Atlantic Article: The Miracle of Minneapolis.

The shocking statistic is that we also have a higher median income than Pittsburgh, Salt Lake City, Chicago, New York and L.A.!

We also have the highest employment rate of Millennials in the entire U.S.!

To further the point low-income families can rent a home more affordably than all but one of the 20 major metro areas in the U.S.

Some other items to look at are stability. Yeah, we aren’t as exciting as L.A. or Miami, but stability should be exciting to anyone that invests for the long-term.

We are the number six State in the Union in Agricultural Income. Everyone has to eat right? Well, when there is an economic slow-down, agriculture seems to chug right along. With 19 of the Fortune 500 companies in the U.S., nine of those companies are Ag-based. This provides stability for jobs, and the tax-base.

Another stat that I like to throw out is Median income vs. Median home prices.

San Fransisco, CA Median Income $77k; Median Home Price $1.6 Million.

Denver, CO Median Income $76k; Median Home Price $424k

Minneapolis St. Paul Median income $76k; Median Home Price Mpls $264k St. Paul $215k

The Star Tribune reported that the Twin Cities had a growth of 43,000 new people in 2017 alone and 250,000 since 2010. In other words you are adding the entire population of St. Paul to the area in nine years!

We simply can’t build enough housing for all the new people that are coming, and when you look at the price of housing its cheap in comparison to areas that have similar incomes. It is obvious, you have more people moving here, you have the a State that is ranked #2 in the U.S. for overall quality of life, and relatively inexpensive housing. The more the population booms, the higher the prices will go on housing. Keep in mind, from 2008 to 2013 builders were not building new homes. Six years of no building and the subsequent five years of minimal building has not kept up with 250,000 more people.

Is Minneapolis The Best Rental Market to Invest In the US?

Is Minneapolis The Best Rental Market to Invest In the US?

What Makes Minneapolis & St. Paul So Great To Invest In?


As I write this, the bitter cold of sub-zero temps, will make many wonder why people love it here.

Here are just some of the areas that Minneapolis & St. Paul score near the top of the charts:

  • Of the 20 richest cities in the U.S. only three had half of the homes being within reach for middle-class families. Salt Lake City, Pittsburgh, and Minneapolis-St. Paul, per The Atlantic Article The Miracle of Minneapolis.
  • The shocking statistic is that we also have a higher median income than Pittsburgh, Salt Lake City, Chicago, New York and L.A.!
  • We also have the highest employment rate of Millennial in the entire U.S.!
  • low-income families can rent a home more affordably than all but one of the 20 major metro areas in the U.S.

Some other items to look at are stability. Yeah, we aren’t as exciting as L.A. or Miami, but stability should be exciting to anyone that invests for the long-term.

We are the number sixth State in the Union in Agricultural Income.

Everyone has to eat right? Well, when there is an economic slow-down, agriculture seems to chug right along. With 19 of the Fortune 500 companies in the U.S., nine of those companies are Ag-based. This provides stability for jobs, and the tax-base.

Another stat that I like to throw out is Median income vs. Median home prices.

San Fransisco, CA Median Income $77k; Median Home Price $1.6 Million.

Denver, CO Median Income $76k; Median Home Price $424k

Minneapolis St. Paul Median income $76k; Median Home Price Mpls $264k St. Paul $215k

The Star Tribune reported that the Twin Cities had a growth of 43,000 new people in 2017 alone and 250,000 since 2010. In other words you are adding the entire population of St. Paul to the area in nine years!

We simply can’t build enough housing for all the new people that are coming, and when you look at the price of housing its cheap in comparison to areas that have similar incomes. It is obvious, you have more people moving here, you have the a State that is ranked #2 in the U.S. for overall quality of life, and relatively inexpensive housing. The more the population booms, the higher the prices will go on housing. Keep in mind, from 2008 to 2013 builders were not building new homes. Six years of no building and the subsequent five years of minimal building has not kept up with 250,000 more people.

New Listing: DUPLEX IN NE Minneapolis 530 Broadway Street NE 11/15/2018

New Listing: DUPLEX IN NE Minneapolis 530 Broadway Street NE 11/15/2018

DUPLEX FOR SALE IN NE MINNEAPOLIS LISTED AT $315,000

11-15-2018
Contact Us

Two, Three Bedroom One Bath Units

This duplex has:
2, three bedroom one bath units.

Over 3,000 finished square feet.
1500 for each unit.

Basement has drain tile.

Upstairs is freshly renovated Refinished Maple Floors.

Downstairs has original maple floors with walnut inlay.

Priced at 315,000

Upper unit is currently rented at $1530/month.
Lower level is vacant for owner occupant or new tenant.

Separate gas and electric services. (Tenants pay)

It’s in Northeast Arts District.

530 Braodway Street NE
Minneapolis, MN

Selling Investment Property: How to Tweak Your Property for High Paying Owner Occupants

Selling Investment Property: How to Tweak Your Property for High Paying Owner Occupants

Selling Investment Property: Who Will Pay the Most for Duplexes Right Now?

If you own a Duplex, and are looking for rental property experts or Duplex experts in the Twin Cities, give us a call right away.

If you’re about to sell your Duplex, Triplex or Quadplex, you’ll want to keep reading to find out how you should be targeting to sell for the highest price.

You may not believe it if you came of age when the population of Minneapolis was declining as much of it’s housing stock was neglected, but Duplexes have become trendy!

Young People Want Duplexes

A new generation, who came of age in the Great Recession, and value independence over stability, are now in a position to make an investment in Real Estate.

For this younger generation, buying a duplex makes a lot of sense financially.

Buying a single-family home would hamstring them financially and limit their options in future employment endeavors. However, these aren’t your typical investors, they are highly educated, cultured, and opinionated. They value aesthetics as much as utility, and they have a clear vision of where and how they want to live.

Young Duplex Investors Value Aesthetics as Much as Utility

The good news…. If you own a duplex near the Twin Cities core, there’s probably a lot of demand for your property.

If you want to sell your property fast, for the most money, you may have to make some investment to modernize your property.

Along with a little elbow grease and some economical investments following these recommendations, you might yield significant returns.

Remember that style preferences have evolved!

Home Styles for 20 Somethings

Granite countertops and neutral tans remind the younger generation of the whitewashed suburbs that many of them grew up in and are trying to expand beyond.

Take into consideration some of the modern tastes in order to appeal to your ideal buyer!

Floors and Walls Modern living spaces often make use gray because it can make a space feel cozy yet open. Lighter neutral tones in blue or green family can also be a good choice. In general, it’s still good to stay on the neutral side when it comes to color, but maybe do some research before throwing up the same tan that you always have.

When it comes to flooring, many younger people are moving away from a preference for carpet and in some cases, they even carry a distain for it. Rather than viewing carpet as a warm comfort below their feet, they tend to think of it as a sponge for dust and dirt. There are many low cost and easy to install alternatives including vinyl or laminate tongue and groove flooring. If you currently have hardwood floors that are scuffed and worn, perhaps you should consider getting them refinished. It can be relatively inexpensive and it can carry a lot of appeal for potential owner occupants.

Kitchens and Bathrooms

Aesthetic investment in Kitchens and bathrooms can yield the most return.

Again, some relatively low cost updates can make your place shine and greatly increase it’s appeal. Good news for you is that expensive granite countertops are no longer the most desirable material for countertops, and for investment properties, there are a lot of options available that are just as cheap as the faux granite laminate that you find at the big box stores. IKEA leads the way in cheap and appealing options for countertops with sleek and simple laminate and faux butcher block and you can expect to spend around $100 for a 96” piece. Any skilled handyman could install them in a matter of hours.

Additionally, consider adding a nice backsplash behind the sink and/or countertop. The backsplash typically sits at eye level in a kitchen and can make a strong instant impact on any buyer. It shows the buyer, that you as the owner have given though and care to the kitchen space above and beyond the essentials and it can influence their perception of the entire property.
In the bathroom, the easiest and most cost effective update is to add or change out the vanity and/or mirror. This simple addition can change the feel of the entire bathroom as it is often the centerpiece of the room.

Curb Appeal

Curb appeal may not have the same impact on the sale of a rental property as it might with a single family home, but first impressions matter and it’s still important that the exterior is presentable. Stand in front of your property and think critically about it’s appearance. Ask yourself, “Does it look inviting or neglected?”
Most importantly, you will want to fix any broken windows or fascia/siding if possible. Excessive pealing paint may make a property look neglected as well.

Lastly, consider putting some easily maintained vegetation (like Hastas) in the yard if there isn’t any. I will make the home feel more like a home than a rental property.

Mind the common spaces, make it look great, and you’ll have some new buyers ready to owner-occupy for top dollar.