9 days on rocket

111 Franklin Ave Unit 304, Minneapolis, MN, 55404

$222,500

Home List Price

$2,642*

Closing Credit

2 Bedrooms
1 Full Bath
875 SqFt
$254/SqFt
Condo
Schools Nearby

Location

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111 Franklin Ave Unit 304, Minneapolis$222,500

Buyer Closing Credits

$2,642*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingHeated Garage, Underground
Garage1 space
Year Built1950
HeatingForced Air
CoolingCentral Air
MLS #6524925
StatusActive

About 111 Franklin Ave Unit 304

Welcome to your new loft! Enjoy everything DT loft living has to offer including 14ft ceilings, exposed beams, large windows throughout that let in tons of natural light. The open floor plan allows for a great use of space and is perfect for entertaining. The bedroom has a generous walk-in closet and motorized blinds if you like to sleep in. This condo also comes with two parking spots. One is underground and the other is in the surface lot. Building security was recently updated and now utilizes smartphone technology for your convenience and safety. Walkability is another feature that is not to be missed. Just two blocks to Eat Street and about 5 minutes to MIA. 35 and 94 are just minutes away making this location very central and easy to get in and out of. Come check it out today!

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Living Area: 875 SqFt

Listing Office:

  • Office Name: Compass

Interior Features

Interior Information:

  • 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: 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: I 94 to Hennepin Ave S , left on W Franklin to home on right

Price Information

Listing Price Info

Price Summary:

  • List Price: $222,500
  • Price Per SqFt: $254/SqFt

HOA Fees:

  • Amount: $564
  • 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 304 vs Minneapolis

9 DAYS ON ROCKET

-18 Days

$222,500

-$121.1K Less

$254/SqFt

+$52 More

KEY TAKEAWAY

This property is $121.1K less than the Median Sold Price and $52/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: #6524925

Listing Office:

  • Office Name: Compass

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Last updated on: 5/4/2024, 1:22:33 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.

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Recommended Financing

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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-5962699
1
/10

  • Jefferson Community School

  • 1200 W 26th St

  • 1.03 miles

  • Public District Grades PK-8

High School

school-card-donut-5962700
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. Residents of Minneapolis, MN typically earn between $35k-100k each year. Most families are 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 111 Franklin Ave Unit 304

What is the listing price of this property?

The listing price of 111 Franklin Ave Unit 304 property is $222,500.

What type of property is this?

The property 111 Franklin Ave Unit 304 is a condo located in Minneapolis, Minnesota, 55404.

Is this property for sale now?

Active Listing: 111 Franklin Ave Unit 304 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 304 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 304 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 111 Franklin Ave Unit 304 is 875 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 111 Franklin Ave Unit 304 is 1950.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55404›111 Franklin Ave Unit 304

This home is located at 111 Franklin Ave Unit 304 in Minneapolis, MN and zip code 55404 in the Powderhorn neighborhood. This 875 square foot home was built in 1950. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $222,500.

Over 519 listings were sold over their listed price in April 2024 in Minneapolis, MN. In the same period over 337 listings were sold below the listed price and 228 listings were sold for the listed price. Between March 2024 and April 2024, Minneapolis, MN real estate market has seen increase in the number of listings by 15.8%. 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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