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401 1st St Unit 1602, Minneapolis, MN, 55401

$429,000

Home List Price

$5,094*

Closing Credit

2 Bedrooms
2 Full Baths
1,264 SqFt
$339/SqFt
Condo

Location

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401 1st St Unit 1602, Minneapolis$429,000

Buyer Closing Credits

$5,094*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Concrete, Garage Door Opener, Guest Parking, Heated Garage, Parking Garage, Secured
Garage2 spaces
Year Built1989
HeatingForced Air
CoolingCentral Air
WaterfrontRiver View
ViewOther
MLS #6646381
StatusActive

About 401 1st St Unit 1602

Experience luxury living in this highly sought-after Riverwest condo, perched on the 16th floor with breathtaking views of the Mississippi River, Stone Arch Bridge, Mill District, and St. Anthony Main. This rarely available 2-bedroom, 2-bathroom corner unit offers a spacious open concept layout, divided bedrooms for privacy, and an abundance of natural light from large windows throughout. Enjoy a beautifully updated kitchen with stainless steel appliances, granite countertops, and a breakfast bar perfect for entertaining. Both bathrooms feature modern updates, and the in-unit washer and dryer add convenience. Step out onto the private balcony to take in stunning views of Gold Medal Park and the Guthrie Theater. This move-in ready condo includes two heated garage parking stalls (#346 & #348), a storage unit, and access to first-class building amenities, including an exercise gym, outdoor pool, hot tub, sauna, grills, locker rooms, community room with a pool table, and a spacious gathering area with a kitchen. Don’t miss this rare opportunity to own a corner unit in one of the most desirable buildings along the riverfront.

Property Details

Property Features

Property Information:

  • Year Built: 1989
  • Living Area: 1,264 SqFt

Listing Office:

  • Office Name: RE/MAX Results

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: River View
  • View: Other

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Assigned, Concrete, Garage Door Opener, Guest Parking, Heated Garage, Parking Garage, Secured

Virtual/3D Tour

  • 3D Tour: 401 1st St Unit 1602
3D Tour

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: HENNEPIN AVE TO S 1ST ST - EAST ON 1ST TO 401

Price Information

Listing Price Info

Price Summary:

  • List Price: $429,000
  • Price Per SqFt: $339/SqFt

HOA Fees:

  • Amount: $849
  • 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

$350K

Med. Price/SqFt

$202

Avg. Days On Market

40

# of Sold Homes

875

401 1st St Unit 1602 vs Minneapolis

1 DAY ON ROCKET

-39 Days

$429,000

+$79K More

$339/SqFt

+$136 More

KEY TAKEAWAY

This property is $79K 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: #6646381

Listing Office:

  • Office Name: RE/MAX Results

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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.

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,353

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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-1545007
3
/10

  • Webster Community School

  • 425 5th St NE

  • 0.94 miles

  • Public District Grades PK-5

school-card-donut-1545008
4
/10

  • Twin Cities International Schools

  • 277 12th Ave N

  • 1.26 miles

  • Public Charter Grades KG-4

school-card-donut-1545009
1
/10

  • Sheridan Elementary School

  • 1201 University Ave NE

  • 1.30 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 $79,167. Most Minneapolis, MN residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 401 1st St Unit 1602

What is the listing price of this property?

The listing price of 401 1st St Unit 1602 property is $429,000.

What type of property is this?

The property 401 1st St Unit 1602 is a condo located in Minneapolis, Minnesota, 55401.

Is this property for sale now?

Active Listing: 401 1st St Unit 1602 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 401 1st St Unit 1602 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 401 1st St Unit 1602 is 1,264 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 401 1st St Unit 1602 is 1989.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55401›401 1st St Unit 1602

This home is located at 401 1st St Unit 1602 in Minneapolis, MN and zip code 55401 in the Central neighborhood. This 1,264 square foot home was built in 1989. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 08, 2025 and is currently priced at $429,000.

In December 2024, from all listings sold in Minneapolis, MN there were more than 289 sold above asking price, over 405 sold below and more than 179 were sold right at the asked price. Between November 2024 and December 2024, Minneapolis, MN real estate market has seen decrease in the number of listings by 11.9%. In December 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $350,000.

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

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