new - 2 days on rocket

290 Market St Unit 314, Minneapolis, MN, 55405

$675,000

Home List Price

$8,016*

Closing Credit

2 Bedrooms
1 Full Bath
1,997 SqFt
$338/SqFt
Condo

Location

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290 Market St Unit 314, Minneapolis$675,000

Buyer Closing Credits

$8,016*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Attached Garage, Guest Parking, Parking Garage, Secured, Storage, Underground
Attached Garage2 spaces
Year Built1905
HeatingBaseboard, Steam, Hot Water
CoolingCentral Air
MLS #6632463
StatusActive

About 290 Market St Unit 314

Stunningly light and bright 2+ bedroom home in the highly coveted IMS Lofts! The expansive great room features oversized windows on both sides, bathing the space in sunlight. The uniquely open L shaped floorplan offers remarkable flexibility, with windows facing East, West, and South. A generous den, currently used as a painting studio, could easily transform into a third bedroom or an exceptional creative space. The home boasts gleaming hardwood floors, a spacious gourmet kitchen with a center island, high ceilings, exposed brick and concrete accents, a private balcony, two premium parking spaces, and a large storage locker. Originally constructed as a textile factory, IMS is a perfect example of a thoughtful condo conversion, blending historic charm with modern luxury.

Property Details

Property Features

Property Information:

  • Year Built: 1905
  • Living Area: 1,997 SqFt

Listing Office:

  • Office Name: Compass

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Assigned, Attached Garage, Guest Parking, Parking Garage, Secured, Storage, Underground

Lot Features

Lot Information:

  • Lot: Irregular Lot

Utilities

Utilities Information:

  • Heating: Baseboard, Steam, Hot Water
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Glenwood Ave to Market St, north to building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $675,000
  • Price Per SqFt: $338/SqFt

HOA Fees:

  • Amount: $1251
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $8,297
  • Tax Year: 2020
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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

290 Market St Unit 314 vs Minneapolis

2 DAYS ON ROCKET

-32 Days

$675,000

+$325.1K More

$338/SqFt

+$136 More

KEY TAKEAWAY

This property is $325.1K more than the Median Sold Price and $136/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: #6632463

Listing Office:

  • Office Name: Compass

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Last updated on: 11/20/2024, 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

Listing History

Sep 30, 2016Home Sold
$560,000
Jun 22, 2007Home Sold
$433,360
Mar 09, 2006Home Sold
$615,255

Tax History

YEARPROP. TAXASSESSMENT
2020$8,297$598,500
2019$8,113$549,000
2018$8,354$549,000
2017$7,751$513,000

History based on county public records data.

Payment Calculator

$4,687

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,090

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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.

Nearby Schools

school-card-donut-167490
1
/10

  • Bethune Elementary School

  • 919 Emerson Ave N

  • 0.52 miles

  • Public District Grades PK-5

school-card-donut-167491
4
/10

  • Twin Cities International Schools

  • 277 12th Ave N

  • 0.69 miles

  • Public Charter Grades KG-4

school-card-donut-167492
2
/10

  • Emerson Elementary School

  • 120 W 15th St

  • 1.00 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 $18,182. Typical income of Minneapolis, MN residents is less than $35k 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 290 Market St Unit 314

What is the listing price of this property?

The listing price of 290 Market St Unit 314 property is $675,000.

What type of property is this?

The property 290 Market St Unit 314 is a condo located in Minneapolis, Minnesota, 55405.

Is this property for sale now?

Active Listing: 290 Market St Unit 314 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $8,297 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 30, 2016 for $560,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 290 Market St Unit 314 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 290 Market St Unit 314 is 1,997 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 290 Market St Unit 314 is 1905.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55405›290 Market St Unit 314

This home is located at 290 Market St Unit 314 in Minneapolis, MN and zip code 55405 in the Sumner-Glenwood neighborhood. This 1,997 square foot home was built in 1905. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $675,000.

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. The number of listings in Minneapolis, MN increased by 9.3% between September 2024 and October 2024. In October 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $349,843.

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

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