2 months on rocket

401 Main St NE, Minneapolis, MN, 55413

$899,900

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
6,000 SqFt
$150/SqFt
House
Schools Nearby

Location

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401 Main St NE, Minneapolis$899,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage
Attached Garage4 spaces
Year Built1992
HeatingForced Air
CoolingCentral Air
MLS #6490859
StatusActive

About 401 Main St NE

This is one of two properties side by side on historic Main Street in Northeast Mpls with unobstructed views of the Mpls downtown skyline over Boom Island Park and Nicollet Island, one of the few remaining land parcels along the Mississippi left undeveloped. Each parcel is approx. 10,900sf and are Interior 3 Built Form Overlay with R1A zoning. Interested parties have a myriad of options for use. Each existing home could be purchased individually, remodeled or torn down, and new construction homes built. The two lots can also be split into three to create three new homes or split into one large lot, and one smaller lot where a large dream home could be on one and a smaller ADU-style home could be on the second. As seen in the renderings, an interested party looking to redevelop the land could construct 2 3000 sq. ft. townhomes per parcel, estimated at $1.5M per home. Finally, the parcels could be combined for a future in-fill apartment completed under the 2040 plan.

Property Details

Property Features

Property Information:

  • Year Built: 1992
  • Living Area: 6,000 SqFt

Listing Office:

  • Office Name: DRG

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage

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: Hennepin Avenue to Main Street NE.

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,900
  • Price Per SqFt: $150/SqFt

Tax Information:

  • Annual Amount: $5,711
  • Tax Year: 2020
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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

$341.2K

Med. Price/SqFt

$201

Avg. Days On Market

38

# of Sold Homes

862

401 Main St NE vs Minneapolis

68 DAYS ON ROCKET

+30 Days

$899,900

+$558.6K More

$150/SqFt

-$52 Less

KEY TAKEAWAY

This property is $558.6K more than the Median Sold Price and $52/SqFt less than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6490859

Listing Office:

  • Office Name: DRG

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Last updated on: 4/27/2024, 9:22:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,711$427,000
2019$6,189$427,000
2018$5,763$385,680
2017$5,385$357,885

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,764

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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-1152475
2
/10

  • Northeast Middle School

  • 2955 Hayes St NE

  • 2.49 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1152476
2
/10

  • Edison High School

  • 700 22nd Ave NE

  • 1.32 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 $50,990. Typical income of Minneapolis, MN residents is between $35k-100k annually. The majority of 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 401 Main St NE

What is the listing price of this property?

The listing price of 401 Main St NE property is $899,900.

What type of property is this?

The property 401 Main St NE is a house located in Minneapolis, Minnesota, 55413.

Is this property for sale now?

Active Listing: 401 Main St NE is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 401 Main St NE are:
Northeast Middle School: GreatSchools Rating 2/10
Edison High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,711 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 401 Main St NE has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 401 Main St NE is 6,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 401 Main St NE is 1992.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55413›401 Main St NE

This home is located at 401 Main St NE in Minneapolis, MN and zip code 55413 in the Saint Anthony West neighborhood. This 6,000 square foot home was built in 1992. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 18, 2024 and is currently priced at $899,900.

While more than 380 listings in Minneapolis, MN in March 2024 were sold above asking price, there were more than 165 listings sold at asking price, and more than 317 were sold below. The number of homes for sale in Minneapolis, MN increased by 15.5% between February 2024 and March 2024. In March 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $341,287.

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

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