2 months on rocket

111 Franklin Ave Unit 316, Minneapolis, MN, 55404

$239,900

Home List Price

$2,849*

Closing Credit

1 Bedroom
1 Full Bath
890 SqFt
$270/SqFt
Condo

Location

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111 Franklin Ave Unit 316, Minneapolis$239,900

Buyer Closing Credits

$2,849*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Parking Lot
Year Built1950
HeatingForced Air
CoolingCentral Air
MLS #6590947
StatusActive

About 111 Franklin Ave Unit 316

Opportunity to own a truly outstanding loft in the heart of the city at Franklin Lofts. This building was originally built in 1950 as an Art Moderne office building and then creatively converted to lofts in 2004. Located on the top floor, this corner unit combines great industrial character with concrete floors, exposed ductwork and steel beams, as well as abundant natural light and downtown skyline views with two full walls of windows. Comes with 1 assigned parking space #44 in surface lot and possible option to lease an indoor parking spot, as well as a storage locker. The outdoor courtyard with gardens, grills and spacious patio is another great space to entertain, relax and socialize. Enjoy everything the city offers including restaurants and coffee shops, parks and museums, music, sports, theaters and farmer’s markets.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Living Area: 890 SqFt

Listing Office:

  • Office Name: Compass

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

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

Lot Features

Lot Information:

  • Lot: Irregular Lot

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Southwest High School, Public District Grades 9-12
  • Jefferson Community School, Public District Grades PK-8

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: $239,900
  • Price Per SqFt: $270/SqFt

HOA Fees:

  • Amount: $559
  • 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 316 vs Minneapolis

74 DAYS ON ROCKET

+40 Days

$239,900

-$109.9K Less

$270/SqFt

+$68 More

KEY TAKEAWAY

This property is $109.9K less than the Median Sold Price and $68/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: #6590947

Listing Office:

  • Office Name: Compass

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Last updated on: 11/5/2024, 3:22:49 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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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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.

Elementary School

school-card-donut-2017698
1
/10

  • Jefferson Community School

  • 1200 W 26th St

  • 1.03 miles

  • Public District Grades PK-8

High School

school-card-donut-2017699
7
/10

  • Southwest High School

  • 3414 W 47th St

  • 3.82 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,567. Residents of Minneapolis, MN typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 111 Franklin Ave Unit 316

What is the listing price of this property?

The listing price of 111 Franklin Ave Unit 316 property is $239,900.

What type of property is this?

The property 111 Franklin Ave Unit 316 is a condo located in Minneapolis, Minnesota, 55404.

Is this property for sale now?

Active Listing: 111 Franklin Ave Unit 316 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 111 Franklin Ave Unit 316 are:
Jefferson Community School: GreatSchools Rating 1/10
Southwest High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 111 Franklin Ave Unit 316 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 111 Franklin Ave Unit 316 is 890 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 111 Franklin Ave Unit 316 is 1950.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55404›111 Franklin Ave Unit 316

This home is located at 111 Franklin Ave Unit 316 in Minneapolis, MN and zip code 55404 in the Powderhorn neighborhood. This 890 square foot home was built in 1950. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $239,900.

While more than 356 listings in Minneapolis, MN in October 2024 were sold above asking price, there were more than 223 listings sold at asking price, and more than 399 were sold below. The inventory of homes for sale in Minneapolis, MN between September 2024 and October 2024 increased by 9.3%. The median list price of listings available in October 2024 was $349,843, while the average time on the real estate market was 34 days.

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

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