Bloomington · Investment Property
Buying Investment Property in Bloomington
Buy rental and investment property in Minnesota with the numbers worked out before you make an offer.
Investing in Bloomington
Our office is in Bloomington. I'm Lesley, a REALTOR® with Bridge Realty, and we help investors use what the city already requires of sellers.
What is useful for an investor to know in Bloomington? Sellers must complete a Time-of-Sale housing inspection. That report tells you about the property's condition before you spend money on your own inspection, though it does not replace one.
Location and likely tenants
East Bloomington is closest to the airport, the Mall of America, and the Blue Line light rail. West Bloomington is mostly residential, near Hyland Lake Park Reserve. Think about who will rent the home and what they will want nearby.
Before you offer
Ask the City of Bloomington what it requires to rent out a home, including any license, inspection, and fees, before you make an offer. If the property is a condominium or townhouse, read the association's rental rules as well.
The numbers to run on any rental are on our investment property page. For more on the city, see our Bloomington page and buying a home in Bloomington. If you own a rental here and want to sell, see what it is worth.
We are not financial or tax advisors, so review your plan with your accountant. Then send us a message or call (651) 661-4770.
Frequently Asked Questions
Does the Time-of-Sale report replace my inspection?
No. It is a helpful start. We still recommend your own inspection.
Which part of Bloomington is closest to light rail?
East Bloomington, where the Blue Line connects the Mall of America to the airport and downtown Minneapolis.
Homes For Sale In Bloomington
See every home on the market in Bloomington right now, updated from the MLS.
Bloomington
What investment property looks like in Bloomington
Bloomington is a city of about 90,000 on the Minnesota River, 10 miles south of downtown Minneapolis, next to the airport and home to the Mall of America.
Our office is in Bloomington. The city is split by Interstate 35W into a more residential west side and an east side with more business and retail.
- The homes
- A large, fully built city, so most homes are existing homes. The city requires a Time-of-Sale housing inspection when a home is sold.
- Getting around
- Interstate 494 runs across the north side and Interstate 35W runs north to Minneapolis. The Blue Line light rail connects the Mall of America to the airport and downtown Minneapolis.
- Nearby
- The Mall of America, the airport, Hyland Lake Park Reserve, Bush Lake, Normandale Lake, and 97 parks and green spaces.
- The trade-off
- Some homes are near the airport, so visit at different times of day to hear the flight paths.
Investment Property: keep exploring
Ready to make your move with Lesley The Realtor?