Case in point, in 2017-2019 while facing a severe housing shortage, Minneapolis enacted its 2040 Plan, becoming, “the first major U.S. city to end single-family exclusive zoning, opening the door for developers to build multifamily buildings on lots where a single-family home used to be (NBC).”

In Minneapolis are making it very hard to be profitable.

An investor in North Minneapolis will need to be at 2% to make the property work based on the metrics in that sub-market.

I grew up in Minneapolis, MN. 

St Paul is the most strict, followed by Minneapolis. 

The hardest thing in 2024 is finding cashflow though, most of the nice areas have very low COC if you can even find positive but its always better to start then never get your foot in the doorIn Minneapolis there’s opportunity for cash flow and in Fargo where we lived for 13 years there’s cash flow.

For context, I am located in Minneapolis, MN and have been househacking a duplex for a year.

My target area is Minneapolis, MN (Lake Nokomis/Lake Hiawatha area).

I’m diving into the world of commercial real estate and am excited to get started here in the Minneapolis area.

Hey everyone, We just visited our vacant 40 acres about 40min north of Saint Paul and Minneapolis.