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Updated over 7 years ago on . Most recent reply

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Stephen Murdock
  • Marcy, NY
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Visiting the Twin Cities this weekend - what areas to check out?

Stephen Murdock
  • Marcy, NY
Posted

Quick introduction: I will be moving to the greater Minneapolis area this summer due to a job transfer and wanted to get some local opinions of which areas to check out while I'm visiting this weekend. I'll be working remotely so I'm flexible on the specific area - the only real requirement is that I'm <45 minutes away from the MSP airport. 

I grew up in the Eagan/ Inver Grove Heights area but haven't lived in MN in 10+ years so my current market knowledge is limited. I know the market is hot right now so I'm prepared to spend time finding the right deal - my family has a townhouse in Chanhassen that I'm planning on living while I search for a multi family. 

To get into a little more detail on what I'm looking for: 

  • B- area or better
  • Within 45 minutes of MSP airport
  • Areas with a small town/ neighborhood feel are a big plus
    • Town centers that could be in walking distance are a bigger plus
  • Areas with above average school districts are another plus
  • 3-4 unit multi family property (small yard and garage are requirements)
  • Potential for value add - completely OK with doing a live-in remodel

With that in mind, can anyone suggest a few areas worth exploring this weekend? I'm also open to making some connections with local wholesalers this weekend or next time I'm visiting. 

Thanks in advance for any leads!

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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
  • St. Paul, MN
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
  • St. Paul, MN
Replied

For St. Paul I would look anywhere south of hwy 94 and west of downtown, as well as midway, west of Lexington Pkwy. For Minneapolis I would look in Northeast, south Minneapolis west of 35W or south of 36th (it gets shady near Hwy 62). Also east of Hwy 55 is great as well. 

Suburbs: Any thing south of Minneapolis and West of Minneapolis or South of St. Paul. You also have Woodbury, Roseville area, shoreview, mounds View, White Bear, Vadnais Heights. 

Paths of Progress are the Chanhassen area, Midway and West 7th area. You could say NE Minneapolis and St Louis Park, but they're kind of old news. Powderhorn has some potential as well

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