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408 1st St Unit 407, Minneapolis, MN, 55401

$579,900

Home List Price

$6,886*

Closing Credit

2 Bedrooms
2 Full Baths
2,042 SqFt
$284/SqFt
Condo

Location

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408 1st St Unit 407, Minneapolis$579,900

Buyer Closing Credits

$6,886*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingHeated Garage, Underground
Garage2 spaces
Year Built2001
HeatingBaseboard, Hot Water
CoolingCentral Air
FireplaceGas, Living Room
MLS #6621395
StatusActive

About 408 1st St Unit 407

Discover this 2-bedroom, 2-bathroom condo featuring a large den—perfect for use as a home office or easily converted into a third bedroom—in the heart of the vibrant North Loop, known as "the hottest neighborhood in town" (as featured in Mpls St. Paul Magazine). With walkability to everything, this home offers access to some of the city’s best amenities, parks, and restaurants. Enjoy the Mississippi Walking Trail just a block away, with scenic paths that stretch to Minnehaha Park, Boom Island, Nicollet Island, and the Stone Arch Bridge—perfect for year-round strolling, jogging, biking, and cross-country skiing. The North Loop Playground and nearby Theodore Wirth Park provide additional outdoor fun for all seasons. This condo offers the convenience of two heated interior garage spaces, large storage cabinets, and bike racks with room for strollers or joggers. A full-size exercise gym in the building adds to the ease of living. Recent upgrades include new carpet and refinished wood floors (Oct '24), plus updated common areas with new carpet, sconces, and fresh paint (2023). The kitchen features a stainless steel backsplash installed in 2021. The association fee covers air conditioning, heat, internet, cable TV, and more, ensuring a worry-free lifestyle. This condo is just steps from top local eateries, including Spoon and Stable, Maison Margaux, Bar La Grassa, Owamni, and more. With quick access to Target Field, the Mill City Farmers Market, Light Rail, and Minneapolis Orchestra Hall, you’ll experience the best the city has to offer right at your doorstep. Don't miss your chance to live in this sought-after neighborhood!

Property Details

Property Features

Property Information:

  • Year Built: 2001
  • Living Area: 2,042 SqFt

Listing Office:

  • Office Name: Keller Williams Premier Realty Lake Minnetonka

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Refrigerator, Washer
  • Basement: No
  • Fireplace: Gas, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Heated Garage, Underground

Virtual/3D Tour

  • 3D Tour: 408 1st St Unit 407
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Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Hennepin Avenue to North 1st Street to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $579,900
  • Price Per SqFt: $284/SqFt

HOA Fees:

  • Amount: $795
  • 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

408 1st St Unit 407 vs Minneapolis

31 DAYS ON ROCKET

-3 Days

$579,900

+$230K More

$284/SqFt

+$82 More

KEY TAKEAWAY

This property is $230K more than the Median Sold Price and $82/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: #6621395

Listing Office:

  • Office Name: Keller Williams Premier Realty Lake Minnetonka

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Last updated on: 11/23/2024, 8:22:48 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.

Nearby Schools

school-card-donut-973481
4
/10

  • Twin Cities International Schools

  • 277 12th Ave N

  • 0.57 miles

  • Public Charter Grades KG-4

school-card-donut-973482
3
/10

  • Webster Community School

  • 425 5th St NE

  • 0.88 miles

  • Public District Grades PK-5

school-card-donut-973483
1
/10

  • Sheridan Elementary School

  • 1201 University Ave NE

  • 0.95 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 $101,546. Residents of Minneapolis, MN typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 408 1st St Unit 407

What is the listing price of this property?

The listing price of 408 1st St Unit 407 property is $579,900.

What type of property is this?

The property 408 1st St Unit 407 is a condo located in Minneapolis, Minnesota, 55401.

Is this property for sale now?

Active Listing: 408 1st St Unit 407 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 408 1st St Unit 407 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 408 1st St Unit 407 is 2,042 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 408 1st St Unit 407 is 2001.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55401›408 1st St Unit 407

This home is located at 408 1st St Unit 407 in Minneapolis, MN and zip code 55401 in the North Loop neighborhood. This 2,042 square foot home was built in 2001. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $579,900.

In October 2024 more than 356 listings in Minneapolis, MN were sold above the asking price. During the same period more than 223 listings were sold at asking price, while more than 399 were sold below. The number of homes for sale in Minneapolis, MN increased by 9.3% between September 2024 and October 2024. 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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