new - 1 day on rocket

1240 2nd St Unit 307, Minneapolis, MN, 55415

$425,000

Home List Price

$5,047*

Closing Credit

2 Bedrooms
1 Full Bath
1,062 SqFt
$400/SqFt
Condo
Schools Nearby

Location

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1240 2nd St Unit 307, Minneapolis$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Concrete, Shared Driveway, Garage Door Opener, Heated Garage, Secured, Underground, Units Vary
Garage2 spaces
Year Built2018
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6530113
StatusActive

About 1240 2nd St Unit 307

Indulge in luxury condo living at The Legacy, steps from the Mississippi River and Stone Arch Bridge. This east-facing unit offers amazing sunrise coffee views! This unit features recent upgrades like custom-painted cabinetry, master bath glasswork, under-cabinet lighting, and much more! The open floor plan includes a custom kitchen backsplash, SS appliances, maple hardwood, and an expansive granite center island. Enjoy the balcony with gas hookups for the grill masters! Something unique about this property is its two sought-after parking stalls (valued at ~25k each) and storage unit. Building amenities include an outdoor pool, hot tub, sauna, fitness rooms, golf simulator, dog spa, game room, and a community room connected to an outdoor patio with grilling, lawn bowling, and fire pits. Competitively priced with a quick closing possible. Close to the Farmers Market, Gold Medal Park, River Parkway, Guthrie Theater, and US Bank Stadium. Don't miss out—schedule a viewing today!

Property Details

Property Features

Property Information:

  • Year Built: 2018
  • Living Area: 1,062 SqFt

Listing Office:

  • Office Name: Realty Group LLC

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Assigned, Concrete, Shared Driveway, Garage Door Opener, Heated Garage, Secured, Underground, Units Vary

Utilities

Utilities Information:

  • Heating: Forced Air
  • 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: Coming off 35W South, take a right on Washington, Right on 12th Ave, right on 2nd st and entrance is below the awning.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $400/SqFt

HOA Fees:

  • Amount: $477
  • 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

1240 2nd St Unit 307 vs Minneapolis

1 DAY ON ROCKET

-26 Days

$425,000

+$81.3K More

$400/SqFt

+$198 More

KEY TAKEAWAY

This property is $81.3K more than the Median Sold Price and $198/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: #6530113

Listing Office:

  • Office Name: Realty Group LLC

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Property Sales & Tax

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-6181876
2
/10

  • Northeast Middle School

  • 2955 Hayes St NE

  • 3.24 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-6181877
2
/10

  • Edison High School

  • 700 22nd Ave NE

  • 2.29 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 $107,721. The most common annual income of people living in Minneapolis, MN is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1240 2nd St Unit 307

What is the listing price of this property?

The listing price of 1240 2nd St Unit 307 property is $425,000.

What type of property is this?

The property 1240 2nd St Unit 307 is a condo located in Minneapolis, Minnesota, 55415.

Is this property for sale now?

Active Listing: 1240 2nd St Unit 307 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1240 2nd St Unit 307 are:
Northeast Middle School: GreatSchools Rating 2/10
Edison High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 1240 2nd St Unit 307 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1240 2nd St Unit 307 is 1,062 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1240 2nd St Unit 307 is 2018.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55415›1240 2nd St Unit 307

This home is located at 1240 2nd St Unit 307 in Minneapolis, MN and zip code 55415 in the Downtown East neighborhood. This 1,062 square foot home was built in 2018. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $425,000.

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%. In April 2024 median list price was $343,683 and the average listing age was 27 days.

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

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