3 months on rocket

111 Franklin Ave Unit 305, Minneapolis, MN, 55404

$179,900

Home List Price

$2,136*

Closing Credit

1 Bedroom
1 Full Bath
680 SqFt
$265/SqFt
Condo

Location

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111 Franklin Ave Unit 305, Minneapolis$179,900

Buyer Closing Credits

$2,136*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Guest Parking, Parking Lot, Secured
Year Built2004
HeatingForced Air
CoolingCentral Air
MLS #6587761
StatusActive

About 111 Franklin Ave Unit 305

Stunning unit in the iconic Franklin Lofts! The entire building was meticulously redone in 2004 with high-end finishes and superb craftsmanship. This is arguably the best location in the building--Top floor, in the rear, with a whole bank of South facing windows to fill the unit with light. Be impressed as you enter the unit and gaze upon stunning concrete flooring, 13 ft ceilings, exposed steel trusses & ductwork, and warm maple millwork. Open concept makes for flexible living and great entertaining. Kitchen with center island has SS appliances and granite counters. In-unit W/D and 2 assigned parking spots. Outdoor courtyard with gardens, grills and patio furniture-another great space to entertain, relax and socialize with the neighbors. Orig owner: they never lived-in or rented it, it was used only about 100 days in the last 19 yrs, it's spotless. Prime location for dining, shopping and entertainment-only steps to Eat Street, MIA, and minutes to DT and Nicollet Mall. **Seller willing to provide a buyer a $3,000 concession toward buyer's closing costs with acceptable terms in a purchase agreement**

Property Details

Property Features

Property Information:

  • Year Built: 2004
  • Living Area: 680 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Assigned, Guest Parking, Parking Lot, Secured

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Lyndale Ave S to Franklin Ave E to 1st Ave S, building is on the southeast corner.

Price Information

Listing Price Info

Price Summary:

  • List Price: $179,900
  • Price Per SqFt: $265/SqFt

HOA Fees:

  • Amount: $448
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

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Minneapolis, MN

City

Med. Sold Price

$349.8K

Med. Price/SqFt

$202

Avg. Days On Market

34

# of Sold Homes

978

111 Franklin Ave Unit 305 vs Minneapolis

99 DAYS ON ROCKET

+65 Days

$179,900

-$169.9K Less

$265/SqFt

+$63 More

KEY TAKEAWAY

This property is $169.9K less than the Median Sold Price and $63/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6587761

Listing Office:

  • Office Name: Coldwell Banker Realty

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Last updated on: 11/23/2024, 11:52:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Rate/APR

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1073001
2
/10

  • Hennepin Elementary School

  • 2123 Clinton Ave

  • 0.24 miles

  • Public Charter Grades KG-5

school-card-donut-1073002
2
/10

  • Emerson Elementary School

  • 120 W 15th St

  • 0.48 miles

  • Public Magnet Grades PK-5

school-card-donut-1073003
2
/10

  • Whittier International Baccalaureate World School

  • 315 W 26th St

  • 0.65 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,567. The most common annual income of people living in Minneapolis, MN is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 111 Franklin Ave Unit 305

What is the listing price of this property?

The listing price of 111 Franklin Ave Unit 305 property is $179,900.

What type of property is this?

The property 111 Franklin Ave Unit 305 is a condo located in Minneapolis, Minnesota, 55404.

Is this property for sale now?

Active Listing: 111 Franklin Ave Unit 305 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 111 Franklin Ave Unit 305 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 111 Franklin Ave Unit 305 is 680 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 111 Franklin Ave Unit 305 is 2004.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55404›111 Franklin Ave Unit 305

This home is located at 111 Franklin Ave Unit 305 in Minneapolis, MN and zip code 55404 in the Powderhorn neighborhood. This 680 square foot home was built in 2004. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 16, 2024 and is currently priced at $179,900.

In October 2024, from all listings sold in Minneapolis, MN there were more than 356 sold above asking price, over 399 sold below and more than 223 were sold right at the asked price. In October 2024 in Minneapolis, MN there were 9.3% more homes for sale than in September 2024. While the average time on the market in October 2024 was 34 days, the median list price was $349,843.

From Rocket Homes Real Estate and based on county public records data.

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