3 months on rocket

716 1st St Unit 535, Minneapolis, MN, 55401

$285,000

Home List Price

$3,384*

Closing Credit

1 Bedroom
1 Full Bath
980 SqFt
$291/SqFt
Condo

Location

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716 1st St Unit 535, Minneapolis$285,000

Buyer Closing Credits

$3,384*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Site
Year Built1900
HeatingForced Air, Hot Water
CoolingCentral Air
MLS #6570173
StatusActive

About 716 1st St Unit 535

An incredible opportunity to own a beautiful condo in the historic Itasca building in the desirable North Loop area. With walls of exposed brick & vaulted timber ceilings, you will enjoy stunning views of downtown through the large south-facing windows! The updated kitchen has lots of storage, an island, a newer refrigerator and dishwasher, and even features a built-in desk area perfect for an in-home work space! Also included is a bonus storage space under the lofted bedroom area and in-unit laundry with newer washer and dryer! Itasca Lofts building is nestled above Acme Comedy Club, In the Loop Coffee shop and Underground Leaf & Vine. Amenities also include a community patio in the backyard with green space, a fire pit, and grilling area, all just steps away from the Mississippi River Parkway. This location is amazing, with the best restaurants and shops in the city just blocks away. Contract parking is available across the street at Borealis on a lease basis or the outdoor parking lot behind building pending availability.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 980 SqFt

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Off Site

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Edison High School, Public District Grades 9-12
  • Northeast Middle School, Public Magnet Grades 6-8

Other

Directions Information:

  • Directions: Hennepin to North 1st Street, north to building, use entrance labeled "708 Itasca"

Price Information

Listing Price Info

Price Summary:

  • List Price: $285,000
  • Price Per SqFt: $291/SqFt

HOA Fees:

  • Amount: $675
  • 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

716 1st St Unit 535 vs Minneapolis

106 DAYS ON ROCKET

+72 Days

$285,000

-$64.8K Less

$291/SqFt

+$89 More

KEY TAKEAWAY

This property is $64.8K less than the Median Sold Price and $89/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: #6570173

Listing Office:

  • Office Name: eXp Realty

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Last updated on: 11/5/2024, 8:22:47 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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Rate/APR

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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.

Middle School

school-card-donut-2128740
2
/10

  • Northeast Middle School

  • 2955 Hayes St NE

  • 2.99 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2128741
3
/10

  • Edison High School

  • 700 22nd Ave NE

  • 1.77 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 $101,546. Typical income of Minneapolis, MN residents is between $35k-100k annually. 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 716 1st St Unit 535

What is the listing price of this property?

The listing price of 716 1st St Unit 535 property is $285,000.

What type of property is this?

The property 716 1st St Unit 535 is a condo located in Minneapolis, Minnesota, 55401.

Is this property for sale now?

Active Listing: 716 1st St Unit 535 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 716 1st St Unit 535 are:
Northeast Middle School: GreatSchools Rating 2/10
Edison High School: GreatSchools Rating 3/10

How many bedrooms and bathrooms does this property have?

The property at 716 1st St Unit 535 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 716 1st St Unit 535 is 980 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 716 1st St Unit 535 is 1900.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55401›716 1st St Unit 535

This home is located at 716 1st St Unit 535 in Minneapolis, MN and zip code 55401 in the North Loop neighborhood. This 980 square foot home was built in 1900. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since July 22, 2024 and is currently priced at $285,000.

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. The median list price of listings available in October 2024 was $349,843, while the average time on the real estate market was 34 days.

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

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