Exploring Unit 511 at 525 3rd St N, Minneapolis: An In-Depth Look at the Property and Its Neighborhood

Minneapolis penthouse at Bookmen Lofts Offers Luxury Downtown Living

Minneapolis, MN – A remarkable penthouse residence, Unit #511, is now available at the prestigious Bookmen Lofts in the North Loop. This 1,643-square-foot property presents an unparalleled possibility for luxurious urban living, boasting breathtaking panoramic views and a host of modern conveniences.

A Residence Defined by Space and Style

The penthouse features Two well-appointed bedrooms and Two bathrooms, designed with sophistication and comfort in mind. at the heart of the home is a state-of-the-art kitchen, highlighted by a substantial 14-foot island.This design encourages both daily ease and grand entertaining.

Outdoor Living and Modern Conveniences

Beyond the interior, residents will enjoy a generous 450-square-foot rooftop patio. This outdoor space is ideal for relaxation and social gatherings, providing a private oasis amidst the bustling city. Practicality is seamlessly integrated, with Two underground parking spaces included-one uniquely equipped for electric vehicle charging. According to the U.S.Energy Information Governance, electric vehicle adoption is slated to continue increasing dramatically in the coming years, making this a valuable amenity.

Prime Location in the Heart of the North Loop

Located in the vibrant North Loop neighborhood, the penthouse offers residents immediate access to a wealth of dining, shopping, and cultural attractions. This desirable location combines the tranquility of a refined residence with the energy of a thriving urban centre.The North Loop has seen a surge in popularity, with a 15% increase in residential property values over the last two years, according to a recent report by the Minneapolis Area Association of Realtors.

Detailed Property Features

The penthouse is equipped with a comprehensive suite of appliances,including a dishwasher,dryer,electric water heater,exhaust fan,humidifier,water filtration system,microwave,range,refrigerator,stainless steel appliances,and washer. additional features include a two-sided, circulating electric fireplace and concrete floors and walls.

Feature	Details
Square Footage	1,643 sq ft
Bedrooms	2
Bathrooms	2
Parking	2 Underground Stalls (1 EV Capable)
Patio	450 sq ft Rooftop

Residents also benefit from various association amenities,including elevators,a fire sprinkler system,an in-ground sprinkler system,a lobby entrance,and controlled access. Association fees, covering maintenance, cable TV, internet, lawn care, parking, and snow removal, are collected monthly.

did You Know? Bookmen Lofts was originally constructed in 2006, converting a historic warehouse into a sought-after residential building.

Understanding the Minneapolis Real Estate Market

The Minneapolis real estate market continues to be competitive, with a strong demand for luxury properties in central locations. Understanding current market trends is crucial for both buyers and sellers. Factors such as interest rates, inventory levels, and economic growth all play a meaningful role in shaping the market. Staying informed about these factors allows for making sound investment decisions.

Pro Tip: When considering a penthouse purchase, always inquire about the building’s reserve funds and long-term maintenance plans to ensure financial stability.

Frequently Asked Questions about the Bookmen Lofts Penthouse

Do you have questions about this extraordinary property? Here are some answers to frequently asked questions:

What sets this penthouse apart and what are your thoughts on the luxury Minneapolis real estate market? Share your comments below!

What are the typical HOA fees associated with similar units in the building, and what do those fees cover?

Property Overview: 525 3rd St N, Unit 511

Unit 511 at 525 3rd St N, Minneapolis, represents a modern urban living possibility in the heart of the city. This property, often referred to as a North Loop condo, offers a blend of convenience, style, and access to Minneapolis’ vibrant cultural scene. Understanding the specifics of the unit itself, alongside the surrounding neighborhood, is crucial for potential buyers and renters.

here’s a breakdown of key property features (based on typical units within the building – specific details for Unit 511 will vary and require verification with current listings):

Type: Condominium

Location: North Loop neighborhood, Minneapolis, MN 55401

Typical Features: Open-concept living spaces, modern kitchens with stainless steel appliances, in-unit laundry, large windows offering city views, secure building access.

Building Amenities: Fitness center, community room, rooftop terrace, parking (often available for an additional fee), and potentially storage options.

Square Footage: Varies depending on the floor plan, typically ranging from 700 to 1200+ square feet.

The North Loop Neighborhood: A Minneapolis Hotspot

The North loop (also known as Warehouse District) is one of Minneapolis’ most rapidly developing and desirable neighborhoods. Once primarily a warehouse and industrial area, it has transformed into a hub for upscale restaurants, boutique shops, art galleries, and tech companies. This revitalization has driven up property values and created a dynamic urban lifestyle.

Key Attractions & Amenities

Dining: The North Loop boasts a diverse culinary scene, from casual eateries to award-winning restaurants. Expect to find everything from farm-to-table dining to international cuisine.

Shopping: Explore unique boutiques, design studios, and specialty stores. The area is known for its curated retail experiences.

Entertainment: Minneapolis is a city renowned for its arts and culture. With over 30 theaters, it offers more theater seats per capita than any US city except New York. The North Loop is within easy reach of these venues, as well as live music clubs and art galleries.

Parks & Recreation: While the North Loop is primarily urban, nearby parks like Gold Medal Park and the Mississippi Riverfront offer green spaces for recreation.

Transportation: The neighborhood is highly walkable and bike-pleasant. Public transportation options, including bus routes and light rail, are readily available.

Walkability & Bikeability

The North Loop consistently ranks high in walkability and bikeability scores. This makes it an ideal location for those who prefer to leave the car at home. Many daily errands can be accomplished on foot, and bike lanes provide safe routes for cyclists.

Real Estate Market Trends

The North Loop real estate market is competitive. Condo prices have steadily increased in recent years due to high demand and limited inventory. Expect to see a range of options, from smaller studios to larger, luxury units. Understanding current market trends is essential for both buyers and sellers. Consider consulting with a local Minneapolis real estate agent for the most up-to-date information.

unit 511 Specific Considerations

When evaluating Unit 511 specifically, consider these factors:

Floor Level & Views: Higher floors generally offer better views of the city skyline.

Floor Plan: Different floor plans offer varying layouts and square footage. Choose a layout that best suits your lifestyle.

Condition of Updates: Assess the condition of the kitchen, bathrooms, and other features. Factor in the cost of any necessary renovations.

HOA Fees: Understand the monthly HOA fees and what they cover (e.g., building maintainance, amenities, insurance).

Parking: Determine if parking is included or available for an additional fee.

Nearby Schools & Family Considerations

While the North Loop is primarily known for its appeal to young professionals,families are increasingly drawn to the neighborhood.

School Options: Several public and private school options are available within a reasonable distance.Research school ratings and programs to find the best fit for your children.

Family-friendly Amenities: The proximity to parks, museums, and other attractions makes the North Loop a convenient location for families.

Practical Tips for Prospective Buyers/Renters

Work with a Local Agent: A Minneapolis real estate agent specializing in the North Loop can provide valuable insights and guidance.

Schedule a Viewing: Arrange a private viewing of Unit 511 to assess its condition and features firsthand.

Review HOA Documents: Carefully review the HOA documents to understand the rules,regulations,and financial health of the building.

* Consider Future Advancement: The North loop is still undergoing development. Be aware of any planned projects that could impact the