5 months on rocket

290 Market St Unit 608, Minneapolis, MN, 55405

$419,900

Home List Price

$4,986*

Closing Credit

2 Bedrooms
1 Full Bath
1,506 SqFt
$279/SqFt
Condo

Location

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290 Market St Unit 608, Minneapolis$419,900

Buyer Closing Credits

$4,986*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Asphalt, Electric, Garage Door Opener, Guest Parking, Parking Garage, Secured, Storage
Garage2 spaces
Year Built1905
HeatingBaseboard, Hot Water
CoolingCentral Air
MLS #6561997
StatusActive

About 290 Market St Unit 608

Step into urban sophistication with this stunning 2-bedroom, 2-bathroom loft located in the iconic IMS Lofts building. Blending historic charm with modern luxury, this unit offers a unique living experience in the heart of Minneapolis. This building was originally constructed in 1905 as the Munsingwear Company headquarters and manufacturing facility. The building underwent significant redevelopment in the 1980s, transforming it from an industrial space into a mixed-use facility. This transformation aimed to preserve the historic architectural elements while providing modern amenities and spaces such as high ceilings, large windows, and exposed brick walls that harkens to the industrial heritage. Situated in the vibrant Near North neighborhood, IMS Lofts offers easy access to a variety of dining, shopping, and entertainment options. Just minutes away from downtown Minneapolis. Experience the perfect blend of history and modernity with this exquisite loft in IMS Lofts.

Property Details

Property Features

Property Information:

  • Year Built: 1905
  • Living Area: 1,506 SqFt

Listing Office:

  • Office Name: RE/MAX Results

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, 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: 2 spaces
  • Attached Garage: No
  • Parking: Assigned, Covered, Asphalt, Electric, Garage Door Opener, Guest Parking, Parking Garage, Secured, Storage

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From Olson (55), head south on Bryant Ave (this is 1 block west of 94). Turn LEFT on 3rd Ave. Door is straight ahead of you.

Price Information

Listing Price Info

Price Summary:

  • List Price: $419,900
  • Price Per SqFt: $279/SqFt

HOA Fees:

  • Amount: $908
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $5,658
  • 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

$349.9K

Med. Price/SqFt

$202

Avg. Days On Market

33

# of Sold Homes

889

290 Market St Unit 608 vs Minneapolis

173 DAYS ON ROCKET

+140 Days

$419,900

+$69.9K More

$279/SqFt

+$77 More

KEY TAKEAWAY

This property is $69.9K more than the Median Sold Price and $77/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: #6561997

Listing Office:

  • Office Name: RE/MAX Results

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Last updated on: 12/22/2024, 4:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 03, 2019Home Sold
$428,000
Mar 09, 2006Home Sold
$378,900

Tax History

YEARPROP. TAXASSESSMENT
2020$5,658$423,000
2019$5,594$385,680
2018$5,763$385,680
2017$5,385$357,885

History based on county public records data.

Payment Calculator

$3,071

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,325

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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-1011482
1
/10

  • Bethune Elementary School

  • 919 Emerson Ave N

  • 0.52 miles

  • Public District Grades PK-5

school-card-donut-1011483
4
/10

  • Twin Cities International Schools

  • 277 12th Ave N

  • 0.69 miles

  • Public Charter Grades KG-4

school-card-donut-1011484
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. Most Minneapolis, MN residents have annual incomes less than $35k. 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 290 Market St Unit 608

What is the listing price of this property?

The listing price of 290 Market St Unit 608 property is $419,900.

What type of property is this?

The property 290 Market St Unit 608 is a condo located in Minneapolis, Minnesota, 55405.

Is this property for sale now?

Active Listing: 290 Market St Unit 608 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 $5,658 (source: MLS/based on county public records data).

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

The last sale was on December 3, 2019 for $428,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 290 Market St Unit 608 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 290 Market St Unit 608 is 1,506 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 290 Market St Unit 608 is 1905.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55405›290 Market St Unit 608

This home is located at 290 Market St Unit 608 in Minneapolis, MN and zip code 55405 in the Sumner-Glenwood neighborhood. This 1,506 square foot home was built in 1905. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 02, 2024 and is currently priced at $419,900.

Minneapolis, MN housing market in November 2024 saw over 283 listings sold above listed price, more than 203 sold at listed price and over 403 sold below. In November 2024 in Minneapolis, MN there were 6.1% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $349,986, while the average time on the real estate market was 33 days.

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

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