4 months on rocket

1405 40th St Unit 1F, Minneapolis, MN, 55407

$125,000

Home List Price

$1,484*

Closing Credit

2 Bedrooms
1 Full Bath
789 SqFt
$158/SqFt
Condo

Location

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1405 40th St Unit 1F, Minneapolis$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Guest Parking, Parking Lot, More Parking Onsite for Fee, Unassigned, Open
Year Built1965
HeatingBaseboard, Hot Water
CoolingWall Unit(s)
MLS #6556650
StatusActive

About 1405 40th St Unit 1F

**PRICE IMPROVEMENT!!** Explore Urban Living at Bush Terrace Condominiums! Nestled in Minneapolis' Bancroft neighborhood, this 2-bed, 1-bath condo offers updated floors and a secure environment. Enjoy proximity to Lake Nokomis, Minnehaha Parkway, and local hotspots like Matt's Bar and Italian Eatery. Ideal for first-time buyers seeking an alternative to renting, it features a garden courtyard leading to a heated outdoor pool for relaxation. Inside, discover a bright living space with modern kitchen amenities. Embrace city life with easy access to shops, light rail, and freeways. Don't miss out – schedule your tour today!

Property Details

Property Features

Property Information:

  • Year Built: 1965
  • Living Area: 789 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Exhaust Fan, Microwave, Range, Refrigerator
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Assigned, Guest Parking, Parking Lot, More Parking Onsite for Fee, Unassigned, Open

Utilities

Utilities Information:

  • Heating: Baseboard, Hot Water
  • Cooling: Wall Unit(s)

School Info

Assigned Schools Information:

  • Roosevelt High School, Public District Grades 9-12
  • Sanford Middle School, Public District Grades 6-8
  • Northrop Community School, Public Magnet Grades PK-5

Other

Directions Information:

  • Directions: 42nd st. East to 14th Ave N to 40th St (corner of 40th st and 14th ave)

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
  • Price Per SqFt: $158/SqFt

HOA Fees:

  • Amount: $495
  • 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

1405 40th St Unit 1F vs Minneapolis

127 DAYS ON ROCKET

+93 Days

$125,000

-$224.8K Less

$158/SqFt

-$44 Less

KEY TAKEAWAY

This property is $224.8K less than the Median Sold Price and $44/SqFt less than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6556650

Listing Office:

  • Office Name: Coldwell Banker Realty

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Last updated on: 11/5/2024, 9:22:47 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

$1,186

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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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.

Elementary School

school-card-donut-2165926
6
/10

  • Northrop Community School

  • 4315 31st Ave S

  • 1.41 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-2165927
4
/10

  • Sanford Middle School

  • 3524 42nd Ave S

  • 2.10 miles

  • Public District Grades 6-8

High School

school-card-donut-2165928
4
/10

  • Roosevelt High School

  • 4029 28th Ave S

  • 1.14 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 $45,455. Typical income of Minneapolis, MN residents is between $35k-100k annually. The majority of families are 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 1405 40th St Unit 1F

What is the listing price of this property?

The listing price of 1405 40th St Unit 1F property is $125,000.

What type of property is this?

The property 1405 40th St Unit 1F is a condo located in Minneapolis, Minnesota, 55407.

Is this property for sale now?

Active Listing: 1405 40th St Unit 1F is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1405 40th St Unit 1F are:
Northrop Community School: GreatSchools Rating 6/10
Sanford Middle School: GreatSchools Rating 4/10
Roosevelt High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 1405 40th St Unit 1F has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1405 40th St Unit 1F is 789 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1405 40th St Unit 1F is 1965.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55407›1405 40th St Unit 1F

This home is located at 1405 40th St Unit 1F in Minneapolis, MN and zip code 55407 in the Bancroft neighborhood. This 789 square foot home was built in 1965. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 01, 2024 and is currently priced at $125,000.

Minneapolis, MN housing market in October 2024 saw over 356 listings sold above listed price, more than 223 sold at listed price and over 399 sold below. Between September 2024 and October 2024, Minneapolis, MN real estate market has seen increase in the number of listings by 9.3%. 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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