8 months on rocket

628 Franklin Ave Unit 100, Minneapolis, MN, 55404

$87,500

Home List Price

$1,039*

Closing Credit

1 Bedroom
1 Bath
736 SqFt
$119/SqFt
Condo

Location

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628 Franklin Ave Unit 100, Minneapolis$87,500

Buyer Closing Credits

$1,039*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGuest Parking, Paved
Year BuiltNew Const., 1904
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6502189
StatusActive

About 628 Franklin Ave Unit 100

Lower level 1-bedroom, 1-bath condominium offers modern living in a vibrant community. The spacious layout offers quiet, private living. Guests can gather in the community room for social events or meetings, and there’s an additional activity room for recreational purposes. Plus, each unit comes with its own individual storage space for keeping belongings organized. A community land trust property, meaning the buyer must meet income qualifications and be pre-approved by a lender partner, among other program requirements. Owner occupancy is required and resale restrictions apply.

Property Details

Property Features

Property Information:

  • Year Built: 1904
  • Living Area: 736 SqFt

Listing Office:

  • Office Name: City of Lakes Community Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Other, Range, Refrigerator, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Guest Parking, Paved

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From E Franklin Ave, turn south into the parking lot of the building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $87,500
  • Price Per SqFt: $119/SqFt

HOA Fees:

  • Amount: $375
  • 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

628 Franklin Ave Unit 100 vs Minneapolis

252 DAYS ON ROCKET

+218 Days

$87,500

-$262.3K Less

$119/SqFt

-$83 Less

KEY TAKEAWAY

This property is $262.3K less than the Median Sold Price and $83/SqFt less than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6502189

Listing Office:

  • Office Name: City of Lakes Community Realty

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Last updated on: 11/21/2024, 9:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$879

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$329

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NMLS#3030

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-429315
2
/10

  • Hennepin Elementary School

  • 2123 Clinton Ave

  • 0.27 miles

  • Public Charter Grades KG-5

school-card-donut-429316
2
/10

  • Emerson Elementary School

  • 120 W 15th St

  • 0.80 miles

  • Public Magnet Grades PK-5

school-card-donut-429317
2
/10

  • Whittier International Baccalaureate World School

  • 315 W 26th St

  • 1.04 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 $28,238. Residents of Minneapolis, MN typically earn less than $35k each year. Most families are 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 628 Franklin Ave Unit 100

What is the listing price of this property?

The listing price of 628 Franklin Ave Unit 100 property is $87,500.

What type of property is this?

The property 628 Franklin Ave Unit 100 is a condo located in Minneapolis, Minnesota, 55404.

Is this property for sale now?

Active Listing: 628 Franklin Ave Unit 100 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 628 Franklin Ave Unit 100 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 628 Franklin Ave Unit 100 is 736 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 628 Franklin Ave Unit 100 is 1904.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55404›628 Franklin Ave Unit 100

This home is located at 628 Franklin Ave Unit 100 in Minneapolis, MN and zip code 55404 in the Phillips neighborhood. This 736 square foot home was built in 1904. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 14, 2024 and is currently priced at $87,500.

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 inventory of homes for sale in Minneapolis, MN between September 2024 and October 2024 increased by 9.3%. 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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