Realife Cooperative of
Bloomington on Lyndale is a
member-owned senior living cooperative on the corner of 94th Street and Lyndale Avenue in Bloomington, MN. The surrounding neighborhood is home to a variety of businesses and services which add to the
Quality & Convenience
of life found at our great location.
Our Cooperative, established in 2004, offers economical independent living for seniors over 62 in one of our 96 well designed units. Cooperative living provides a safe and accommodating alternative to traditional home ownership with tax advantages, secured equity growth, and freedom from the burdens of home maintenance.
IT’S A WHOLE NEW WAY OF LIVING!
Cooperative living is truly about freedom. Freedom from home maintenance… freedom to join in the many activities our members enjoy... freedom to seek privacy in your own spacious home… and freedom to come and go as you please… simply lock the door, and we’ll take care of the rest.
What is a Co-Op
A senior Cooperative is a collection of homeowners who band together to establish a common living agreement to ease the cost and work associated with traditional home ownership. The Cooperative is a non-profit corporation that owns the building and property and provides various benefits to its members. Membership in the Cooperative is established through the purchase of a share which grants the shareholder the right to occupy a housing unit and access to all the common property of the Cooperative.
In addition to the share purchase, each owner pays a monthly fee covering their proportion of the expenses of operating the corporation. The operating fee covers the mortgage, taxes, insurance, most utilities, maintenance, staff expenses, and contributions to reserve funds for future expenses.
The legal affairs of the corporation are handled by the Board of Directors elected by the shareholders from among the membership. The Cooperative’s day to day operations are managed with the assistance of staff provided by Ebenezer Management Services, but all financial and strategic decisions are made by the Board with input from member committees.
DECISION-MAKING: YOU’RE AN IMPORTANT PART
Cooperatives are unique in that you have a say in matters relating to the facility and its activities. Each home has one shareholder/member vote. And at Realife, you're an important part of a community that turns neighbors into friends!
"Best financial decision I have ever made!" - Realife Resident
Realife Amenities at a Glance
COMMON ROOMS INCLUDE:
• Great Room with full kitchen – used for large community & private gatherings
• Private Dining Room – for smaller gatherings & meetings
• Activity Room – for games & social events
• Fitness room
• Craft room
• Workshop – a well-equipped woodworking & mechanical shop
ADDITIONAL BENEFITS INCLUDE:
• Secure building for peace of mind
• Same floor storage room for each unit
• Heated parking available
• Car wash bay
• Spacious closets & deck
• In-home controlled heating & air-conditioning
• Large, no-cost laundry rooms
• Two guest suites available for your visitors
• “While You’re Away” services
• Regularly scheduled social gatherings & activities
• Outdoor patio in beautiful garden surroundings with grill area & places to socialize
• Small pets allowed – your “best friend" is welcome – restrictions apply
• Non-smoking/vaping building & grounds
• Nearby public transportation
NEVER A DULL MOMENT… UNLESS YOU WANT ONE
Your schedule can be filled to the brim if you so desire. Host a family event in our Great Room, create something fun in our Crafting and Woodworking Shops, or play a friendly game of cards. We have everything from happy hour to holiday parties and more. With daily coffee groups to start your day.
What will you have time for when you choose cooperative living?
Family & friends? Hobbies? Vacations? It’s yours to choose at Realife of Bloomington on Lyndale.
“We moved here three years ago and it was the best decision we could have made. Easy living, lots of friends, close to family and we have a beautiful maintenance-free home! Life doesn’t get much better than this.”
– Realife Resident
Carefree living in a great location!
Realife is conveniently located in the heart of downtown Bloomington. Almost anything you need is nearby; groceries, pharmacy, post office, medical and dental offices, banks, churches, dining and shopping. Plus we’re only a short drive from the Mall of America and airport. Whatever you need isn’t far away!