2 months on rocket

504 Franklin Ave Unit 2C, Minneapolis, MN, 55405

$129,900

Home List Price

$1,543*

Closing Credit

1 Bedroom
1 Full Bath
619 SqFt
$210/SqFt
Condo

Location

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504 Franklin Ave Unit 2C, Minneapolis$129,900

Buyer Closing Credits

$1,543*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Carport, Covered, Parking Lot, Paved
Year Built1961
HeatingHot Water
CoolingWall Unit(s)
MLS #6592893
StatusActive

About 504 Franklin Ave Unit 2C

Beautifully renovated 1 bedroom, 1 bath condo in a fantastic location with easy access to downtown, uptown, the lakes, shops and cultural institutions. Recently updated with new Andersen windows, fresh paint, and custom cabinets, granite countertops and stainless appliances, this light filled home makes for a perfect urban retreat. The building features covered off-street parking, free laundry, an elevator, storage units, and a rooftop deck with panoramic views. Low HOA dues and taxes. Don't miss out on this fabulous condo.

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Living Area: 619 SqFt

Listing Office:

  • Office Name: River Arts Realty, LLC

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Assigned, Carport, Covered, Parking Lot, Paved

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Southwest High School, Public District Grades 9-12
  • Jefferson Community School, Public District Grades PK-8

Other

Directions Information:

  • Directions: 1/2 block east of Lyndale - 504 is on the north side of Franklin

Price Information

Listing Price Info

Price Summary:

  • List Price: $129,900
  • Price Per SqFt: $210/SqFt

HOA Fees:

  • Amount: $306
  • 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

504 Franklin Ave Unit 2C vs Minneapolis

62 DAYS ON ROCKET

+28 Days

$129,900

-$219.9K Less

$210/SqFt

+$8 More

KEY TAKEAWAY

This property is $219.9K less than the Median Sold Price and $8/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: #6592893

Listing Office:

  • Office Name: River Arts Realty, LLC

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Last updated on: 11/5/2024, 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

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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.

Elementary School

school-card-donut-107147
1
/10

  • Jefferson Community School

  • 1200 W 26th St

  • 0.64 miles

  • Public District Grades PK-8

High School

school-card-donut-107148
7
/10

  • Southwest High School

  • 3414 W 47th St

  • 3.58 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 $32,364. The majority of Minneapolis, MN residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 504 Franklin Ave Unit 2C

What is the listing price of this property?

The listing price of 504 Franklin Ave Unit 2C property is $129,900.

What type of property is this?

The property 504 Franklin Ave Unit 2C is a condo located in Minneapolis, Minnesota, 55405.

Is this property for sale now?

Active Listing: 504 Franklin Ave Unit 2C is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 504 Franklin Ave Unit 2C are:
Jefferson Community School: GreatSchools Rating 1/10
Southwest High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 504 Franklin Ave Unit 2C has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 504 Franklin Ave Unit 2C is 619 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 504 Franklin Ave Unit 2C is 1961.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55405›504 Franklin Ave Unit 2C

This home is located at 504 Franklin Ave Unit 2C in Minneapolis, MN and zip code 55405 in the Stevens Square / Loring Heights neighborhood. This 619 square foot home was built in 1961. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $129,900.

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 listings in Minneapolis, MN increased by 9.3% between September 2024 and October 2024. In October 2024 median list price was $349,843 and the average listing age was 34 days.

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

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