27 days on rocket

111 Franklin Ave Unit 317, Minneapolis, MN, 55404

$225,000

Home List Price

$2,672*

Closing Credit

2 Bedrooms
1 Full Bath
1,030 SqFt
$218/SqFt
Condo
Schools Nearby

Location

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111 Franklin Ave Unit 317, Minneapolis$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Garage Door Opener, Heated Garage, Underground
Garage1 space
Year Built1950
HeatingForced Air
CoolingCentral Air
MLS #6509170
StatusActive

About 111 Franklin Ave Unit 317

Welcome to your sunny slice of city life at Franklin Lofts! This charming loft-style, top floor condo features 13 ft ceilings and enormous windows that bathe the space in natural light, making it the perfect spot to sip your morning coffee or curl up with a good book. With 2 bedrooms and a sleek bathroom, your comfort is guaranteed. And let's not forget the convenience of in-unit laundry and an underground parking spot—no more winter morning car-scraping for you! Step outside, and you're moments away from some of Minneapolis's finest restaurants, offering flavors to satisfy every craving. Franklin Lofts isn't just a place to live; it's your gateway to convenient urban living with quick access to all Minneapolis has to offer.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Living Area: 1,030 SqFt

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Assigned, Garage Door Opener, Heated Garage, Underground

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

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: Nicollet to Franklin, East on Franklin to Franklin lofts

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $218/SqFt

HOA Fees:

  • Amount: $660
  • 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

$343.6K

Med. Price/SqFt

$201

Avg. Days On Market

27

# of Sold Homes

1085

111 Franklin Ave Unit 317 vs Minneapolis

27 DAYS ON ROCKET

-0 Day

$225,000

-$118.6K Less

$218/SqFt

+$16 More

KEY TAKEAWAY

This property is $118.6K less than the Median Sold Price and $16/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: #6509170

Listing Office:

  • Office Name: eXp Realty

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Last updated on: 5/1/2024, 7:22:15 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

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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.

Elementary School

school-card-donut-4349234
1
/10

  • Jefferson Community School

  • 1200 W 26th St

  • 1.03 miles

  • Public District Grades PK-8

High School

school-card-donut-4349235
5
/10

  • Southwest High School

  • 3414 W 47th St

  • 3.82 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 $40,567. The majority of Minneapolis, MN residents have income between $35k-100k annually. The most common type of family 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 111 Franklin Ave Unit 317

What is the listing price of this property?

The listing price of 111 Franklin Ave Unit 317 property is $225,000.

What type of property is this?

The property 111 Franklin Ave Unit 317 is a condo located in Minneapolis, Minnesota, 55404.

Is this property for sale now?

Active Listing: 111 Franklin Ave Unit 317 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 111 Franklin Ave Unit 317 are:
Jefferson Community School: GreatSchools Rating 1/10
Southwest High School: GreatSchools Rating 5/10

How many bedrooms and bathrooms does this property have?

The property at 111 Franklin Ave Unit 317 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 111 Franklin Ave Unit 317 is 1,030 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 111 Franklin Ave Unit 317 is 1950.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55404›111 Franklin Ave Unit 317

This home is located at 111 Franklin Ave Unit 317 in Minneapolis, MN and zip code 55404 in the Powderhorn neighborhood. This 1,030 square foot home was built in 1950. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $225,000.

While more than 519 listings in Minneapolis, MN in April 2024 were sold above asking price, there were more than 228 listings sold at asking price, and more than 337 were sold below. The number of listings in Minneapolis, MN increased by 15.8% between March 2024 and April 2024. The median list price of listings available in April 2024 was $343,683, while the average time on the real estate market was 27 days.

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

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