new - 1 day on rocket

111 Franklin Ave Unit 308, Minneapolis, MN, 55404

$230,000

Home List Price

$2,731*

Closing Credit

2 Bedrooms
1 Full Bath
1,056 SqFt
$218/SqFt
Condo

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

111 Franklin Ave Unit 308, Minneapolis$230,000

Buyer Closing Credits

$2,731*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingHeated Garage, Parking Garage
Garage1 space
Year Built1950
HeatingForced Air
CoolingCentral Air
MLS #6646035
StatusActive

About 111 Franklin Ave Unit 308

Own a beautiful, contemporary loft in a historic building in the heart of the city! The Franklin Lofts building was built in 1950 as an Art Moderne office building and converted to lofts in 2004. Located on the 3rd/top floor, this light drenched unit combines industrial charm and sleek finishes like exposed ductwork and steel beams with hardwood floors and tall windows for warmth and comfort. Full bathroom has new fixtures, slate floors, vanity & sink. Primary suite features walk-in closet w/ organizers. Updated kitchen has stainless appliances, stone counters, tall cabinetry for maximum storage and function. In-unit laundry plus walk-in storage w/ more organizers. Two parking spaces, one inside the heated underground garage, one on a private lot, plus guest parking. Storage locker also included. Fantastic common outdoor space w/patio, grills. Close to the bus line, restaurants, shopping and more. Move right in!

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Living Area: 1,056 SqFt

Listing Office:

  • Office Name: Compass

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Heated Garage, Parking Garage

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Nicollet to Franklin, east on Franklin to 2nd Ave, go around block (1 way streets), one way to parking available on left behind the building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $230,000
  • Price Per SqFt: $218/SqFt

HOA Fees:

  • Amount: $741
  • Frequency: Monthly
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Minneapolis, MN

City

Med. Sold Price

$350K

Med. Price/SqFt

$202

Avg. Days On Market

40

# of Sold Homes

875

111 Franklin Ave Unit 308 vs Minneapolis

1 DAY ON ROCKET

-39 Days

$230,000

-$120K Less

$218/SqFt

+$15 More

KEY TAKEAWAY

This property is $120K less than the Median Sold Price and $15/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: #6646035

Listing Office:

  • Office Name: Compass

IDX Broker Reciprocity Copyright © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/9/2025, 2:22:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,956

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$756

Powered By

Rocket Mortgage

Advertisement

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-1573348
2
/10

  • Hennepin Elementary School

  • 2123 Clinton Ave

  • 0.24 miles

  • Public Charter Grades KG-5

school-card-donut-1573349
2
/10

  • Emerson Elementary School

  • 120 W 15th St

  • 0.48 miles

  • Public Magnet Grades PK-5

school-card-donut-1573350
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. Typical income of Minneapolis, MN residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 111 Franklin Ave Unit 308

What is the listing price of this property?

The listing price of 111 Franklin Ave Unit 308 property is $230,000.

What type of property is this?

The property 111 Franklin Ave Unit 308 is a condo located in Minneapolis, Minnesota, 55404.

Is this property for sale now?

Active Listing: 111 Franklin Ave Unit 308 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 308 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 111 Franklin Ave Unit 308 is 1,056 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 111 Franklin Ave Unit 308 is 1950.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55404›111 Franklin Ave Unit 308

This home is located at 111 Franklin Ave Unit 308 in Minneapolis, MN and zip code 55404 in the Powderhorn neighborhood. This 1,056 square foot home was built in 1950. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 07, 2025 and is currently priced at $230,000.

In December 2024 more than 289 listings in Minneapolis, MN were sold above the asking price. During the same period more than 179 listings were sold at asking price, while more than 405 were sold below. The inventory of homes for sale in Minneapolis, MN between November 2024 and December 2024 decreased by 11.9%. Listings spent 40 days on the market in December 2024, and had a median list price of $350,000 during the same period.

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

More Resources