Condos in Minneapolis, Minnesota

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Minneapolis ( (listen)) is the largest city in the U.S. state of Minnesota and the 16th-largest metropolitan area in the United States. As of 2018, Minneapolis has an estimated population of 425,403, making it the 46th-largest city in the United States. Minneapolis and its neighbor Saint Paul make up Twin Cities, with Minneapolis being the larger of the two. The Twin Cities metro and their surrounding suburbs contain about 3.63 million people, making it the third-largest economic and population center in the Midwest. Minneapolis is the county seat of Hennepin County.Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city is abundantly rich in water, with 13 lakes, wetlands, the Mississippi River, creeks and waterfalls; many connected by parkways in the Chain of Lakes and the Grand Rounds National Scenic Byway. It was once the world's flour milling capital and a hub for timber. The city and surrounding region is the primary business center between Chicago and Seattle. Minneapolis is home to five Fortune 500 companies, and the Twin Cities are the fifth-largest hub of major corporate headquarters in the United States. Minneapolis has one of the largest LGBT populations in the U.S. Noted for its strong music and performing arts scenes, Minneapolis is home to both the award-winning Guthrie Theater and the historic First Avenue nightclub. Reflecting the region's status as a center of folk, funk, and alternative rock music, the city served as the launching pad for several of the 20th century's most influential musicians, including Bob Dylan and Prince. Minneapolis has also become noted for its underground and independent hip-hop and rap scenes, producing artists such as Lizzo, Brother Ali, Atmosphere, and Dessa.

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A condominium, usually shortened to condo, is a type of real estate divided into several units that are each separately owned, surrounded by common areas jointly owned. Residential condominiums are frequently constructed as apartment buildings, but there has been an increase in the number of "detached condominiums", which look like single-family homes but in which the yards, building exteriors, and streets are jointly owned and jointly maintained by a community association. Unlike apartments, which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as hallways, walkways, laundry rooms, etc.; as well as common utilities and amenities, such as the HVAC system, elevators, and so on. Many shopping malls are industrial condominia in which the individual retail and office spaces are owned by the businesses that occupy them while the common areas of the mall are collectively owned by all the business entities that own the individual spaces.

Source: https://en.wikipedia.org/