new - 6 days on rocket

748 3rd St N Unit 507, Minneapolis, MN, 55401

$265,000

Home List Price

$3,147*

Closing Credit

1 Bedroom
1 Full Bath
727 SqFt
$365/SqFt
Condo

Location

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748 3rd St N Unit 507, Minneapolis$265,000

Buyer Closing Credits

$3,147*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGuest Parking, Heated Garage, Secured, Underground
Garage1 space
Year Built1915
HeatingForced Air
CoolingCentral Air
MLS #6629050
StatusActive

About 748 3rd St N Unit 507

Step inside this beautifully updated 1-bedroom, 1-bathroom corner unit at the iconic Herschel Lofts, located in the heart of the vibrant North Loop. Originally a manufacturing plant, this historic building was transformed into modern lofts in 2006, seamlessly blending industrial charm with today’s sleek, contemporary living. Recently renovated from top to bottom, this condo offers a fresh, exciting living experience. The kitchen has been completely updated with stylish, modern finishes and sleek new appliances, making it perfect for preparing everything from quick meals to entertaining guests. Fresh floors flow throughout the entire space, and the bathroom has been thoughtfully updated with a clean, contemporary design. As a corner unit, this condo is bathed in natural light from multiple large windows, offering stunning views of Minneapolis. The open-concept living area features exposed brick, soaring ceilings, and concrete floors, giving it that unmistakable loft vibe. Step outside onto your private balcony to enjoy the vibrant neighborhood views or relax while soaking in the city’s energy. The spacious bedroom offers plenty of room to unwind, and the in-unit washer and dryer make laundry a breeze. This unit is the ultimate urban retreat, combining historic character with modern amenities. Herschel Lofts offers exceptional building amenities, including a fully-equipped fitness center, underground parking, and convenient guest parking. Pet owners will love the dog park right next to the parking lot, perfect for letting your furry friend run and play. The prime location puts you steps away from the best shops, restaurants, and entertainment the North Loop has to offer.

Property Details

Property Features

Property Information:

  • Year Built: 1915
  • Living Area: 727 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Guest Parking, Heated Garage, Secured, Underground

Virtual/3D Tour

  • 3D Tour: 748 3rd St N Unit 507
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Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Washington Ave, south on 8th to North 3rd, east to building

Price Information

Listing Price Info

Price Summary:

  • List Price: $265,000
  • Price Per SqFt: $365/SqFt

HOA Fees:

  • Amount: $640
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

Med. Sold Price

$349.8K

Med. Price/SqFt

$202

Avg. Days On Market

34

# of Sold Homes

978

748 3rd St N Unit 507 vs Minneapolis

6 DAYS ON ROCKET

-28 Days

$265,000

-$84.8K Less

$365/SqFt

+$163 More

KEY TAKEAWAY

This property is $84.8K less than the Median Sold Price and $163/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: #6629050

Listing Office:

  • Office Name: Coldwell Banker Realty

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Last updated on: 11/17/2024, 11:52:48 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

$2,030

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$861

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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-557534
4
/10
  • Twin Cities International Schools

  • 277 12th Ave N

  • 0.25 miles

  • Public Charter Grades KG-4

school-card-donut-557535
1
/10
  • Bethune Elementary School

  • 919 Emerson Ave N

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-557536
1
/10
  • Hall International

  • 1601 Aldrich Ave N

  • 0.77 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $71,875. Typical income of Minneapolis, MN residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 748 3rd St N Unit 507

What is the listing price of this property?

The listing price of 748 3rd St N Unit 507 property is $265,000.

What type of property is this?

The property 748 3rd St N Unit 507 is a condo located in Minneapolis, Minnesota, 55401.

Is this property for sale now?

Active Listing: 748 3rd St N Unit 507 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 748 3rd St N Unit 507 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 748 3rd St N Unit 507 is 727 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 748 3rd St N Unit 507 is 1915.

Rocket HomesMinnesotaHennepin CountyMinneapolis55401748 3rd St N Unit 507

This home is located at 748 3rd St N Unit 507 in Minneapolis, MN and zip code 55401 in the North Loop neighborhood. This 727 square foot home was built in 1915. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $265,000.

Over 356 listings were sold over their listed price in October 2024 in Minneapolis, MN. In the same period over 399 listings were sold below the listed price and 223 listings were sold for the listed price. Between September 2024 and October 2024, Minneapolis, MN real estate market has seen increase in the number of listings by 9.3%. 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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