Lowry Hill Condo Overlooking Quiet Back Garden - Cable, Internet, and Heat Included This beautifully maintained one-bedroom, one-bathroom condo in the Groveland Terrace Condominium Complex combines city living with an ideal location in the Lowry Hill neighborhood. The unit features hardwood floors, in-unit laundry, and a private balcony overlooking a serene garden filled with ginkgo trees, making it a peaceful retreat in the heart of Minneapolis. Groveland Terrace is a stable community of individual owners with only 30% of units available for rent at any given time. This policy ensures a well-maintained, quiet, and neighborly environment. The three-building complex offers exceptional amenities, including an outdoor pool with views of the Walker Art Center, cedar saunas, a newly renovated community room, secure corridors, an onsite property manager, and an expansive community terrace complete with BBQs, comfortable seating, and stunning views of the downtown skyline that lights up beautifully at night. Located just a few blocks from downtown Minneapolis and directly across the street from the Walker Art Center, the Minneapolis Sculpture Garden, and Thomas Lowry Park, this condo offers an unparalleled balance of urban convenience and natural tranquility. This condo is being rented by a private owner who bought this condo in 2019 and lived here for nearly six years. Her leasing philosophy is simple: "I treat my tenants with the respect, trust, and privacy of a co-owner. In return, I am looking for a responsible tenant who values a quiet home, respects community rules, and communicates openly to help keep the place in great shape." Rent of $1,695 per month includes Comcast Xfinity cable, high-speed internet, heating, water, sewer, and garbage services, with the renter only responsible for electricity. A reserved, secure, climate-controlled underground parking space ($150/month) and a private storage unit ($50/month) are available. If you choose to include both of these options, the total monthly lease is $1,895. This condo is also available partially furnished for an additional fee. APPLICATION AND VIEWING REQUIREMENTS To respect neighbors' privacy and security, in-person tours are reserved for those confident in their ability to successfully apply - see 'Least Terms' for details. If you are interested in a tour, please reply to this listing with a brief summary of what you are looking for in your next home. LEASE TERMS AND GUIDELINES LEASE DETAILS Included in your monthly rent are Comcast Xfinity cable, high-speed internet, heating, water, sewer, and garbage services. The renter is only responsible for the Xcel Energy electricity bill. If your application is approved, a security deposit equal to one-month of rent and a signed lease agreement are required to secure the unit. Minimum lease term is 12 months per HOA by-laws. HOA REQUIREMENTS AND FEES To move in, the HOA requires a one-time administrative fee of $250 for building registration, fob activation, and mail setup. $20 fee per parking sticker, if applicable. The renter will also be required to sign an agreement to adhere to HOA and community rules. These rules will be provided to prospective applicants upon request or before the lease is confirmed. LATE FEES AND PENALTIES Rent is due on the first day of each month. In compliance with Minnesota law, an 8 percent late fee will apply if rent is not received by the 5th of the month. NON-SMOKING POLICY This property has a strict non-smoking policy inside the unit, on the private balcony, and across all common areas of the complex. A designated outdoor smoking area is located on Groveland Terrace, away from the buildings. Smoking violations are subject to HOA fines. PET POLICY Both cats and dogs are welcome in this pet-friendly unit, requiring a fully refundable $500 pet deposit and formal pet registration with the complex management. APPLICATION AND BACKGROUND SCREENING All rental applicants must complete screening through First Service Residential, the HOA's approved vendor. This screening includes a background check, standard rental history check, and a financial check. The fee is $78 per resident and is non-refundable once processed. No other third-party screening reports can be accepted. FINANCIAL AND INCOME STANDARDS Applicants must demonstrate a gross monthly income of at least 3 times the monthly rent ($5,085 for base rent or $5,685 for the full package) and a stable financial history. In accordance with local ordinances, an exception may be available through an individualized assessment. GUARANTOR (BACKER/CO-SIGNER) REQUIREMENTS A Guarantor may be utilized if an applicant does not meet standard income or financial history requirements. A Guarantor acts as a Backer and must be willing to pay rent on time if the renter is ever unable to meet payments. To qualify, the Backer must submit a separate application, pay the screening fee, and demonstrate financial stability. This proof may include verified income (typically 4 times the monthly rent), significant savings, and/or evidence of home-ownership and property assets. FAIR HOUSING COMPLIANCE All screenings follow the Minneapolis Renter Protection Ordinance and Federal Fair Housing laws. For complete details on renter laws and protections, please visit the City of Minneapolis Property Housing website - Minneapolis MN Renters Guide.
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