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Continued: Out-of-state investor targets North Side homes

  • Article by: ERIC ROPER , Star Tribune
  • Last update: May 7, 2014 - 10:51 PM

Johnson has been working to increase North Side homeownership to foster more investment in the area, but north Minneapolis nonetheless accounted for about 38 percent of all Minneapolis conversions to rental in 2013, according to city data. About half of the city’s population is made up of renters.

Roberta Englund, executive director of the Folwell and Webber-Camden neighborhoods, said most houses on the North Side are single-family, meaning the impact of problem properties can spread much farther than a single high-rise building.

“The saturation of rental properties in these neighborhoods — of basically single-family residences — is too great,” she said.

 

Eric Roper • 612-673-1732

Twitter: @StribRoper

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