Community Planning & Economic Development

Phone: (612) 673-5095
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Procedures for Buying Vacant Lots and Residential Structures

Vacant Lot Information

CPED has an inventory of properties in the city for sale for housing. New properties are initially offered for sale in Finance and Commerce. The Vacant Lot List includes the property address, lot dimensions and selling price. If you are unable to view the Vacant Lot List online, call 612-673-5245, or visit CPED offices at 105 Fifth Avenue South, Crown Roller Mill Building, Suite 200 between the hours of 8:00 a.m. and 4:30 p.m.

The sale of properties to prospective buyers is contingent on design criteria and is subject to the approval of the City Council. Prices are determined by appraisals and are not negotiable. They City has the right to refuse any and all proposals received.

For more information, call the Residential Lot Marketing Line at 612-673-5245.

Procedures for Buying a Residential Structure

From time to time, CPED has an inventory of residential properties in the city for sale for development. The sale of properties to prospective buyers is contingent on their ability to responsibly rehabilitate the project. As most of these properties are condemned and/or boarded and vacant, sale of these properties will be to entities/individuals that have experience dealing with extensive renovation projects. Additionally, all sales are subject to the approval of the City Council. Prices are determined by appraisals and are not negotiable. The City has the right to refuse any and all proposals received.

  • Application Form:  CPED is discontinuing use of the Application Form in an attempt to simplify the process of applying for vacant buildings. From March 19, 2015 forward, interested purchasers only need to fill out an “Offer to Purchase Residential Land and Improvements”, which is linked below.

 

  • *UPDATED 4/3/15: Frequently Asked Questions (pdf) are a great source for getting better acquainted with program requirements, as well as the Training Powerpoint (pdf) that was communicated at public meetings on February 19 and March 10. Note that the PowerPoint is updated to reflect a program adjustment that allows for 12 months to complete rehabilitation on homes.

 

 

  • *UPDATED 3/19/15: Rehabilitation Standards (pdf): CPED requires that all homes acquired from the City of Minneapolis are improved to these basic standards. 

 

  • *UPDATED 3/19/15: Procedures for Purchasing Residential Properties for Housing (pdf): This document provides instructions on how to purchase residential properties from CPED. Based on feedback from the community trainings, the timeline to complete construction on projects was extended to twelve (12) months from the date of closing. 

 

 

  • City of Minneapolis Vacant Building Registration (VBR) Program: The training PowerPoint above explains that there are City of Minneapolis regulations, enforced by the Regulatory Services division of CPED, that also apply to vacant buildings that are purchased from the City of Minneapolis. Learn about Restoration Agreements, vacant building fees, and compliance requirements when purchasing and rehabbing any registered vacant building in the City of Minneapolis.

     

For more information, call the Marketing Line at 612-673-5245.

 

 

Last updated May 1, 2015