14 days on rocket

Sale Pending

504 Franklin Ave Unit 3B, Minneapolis, MN, 55405

$137,500

Home List Price

$1,633*

Closing Credit

1 Bedroom
1 Full Bath
619 SqFt
$222/SqFt
Condo
Schools Nearby

Location

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504 Franklin Ave Unit 3B, Minneapolis$137,500

Buyer Closing Credits

$1,633*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered
Garage1 space
Year Built1961
HeatingHot Water
CoolingWall Unit(s)
BasementYes
MLS #6527451
StatusSale Pending
(Active)

About 504 Franklin Ave Unit 3B

Welcome to urban living at its finest in this thoughtfully renovated 1 bedroom, 1 bathroom condo located in the heart of Minneapolis. Recently updated with new Andersen windows, fresh paint, and space-saving shelving, this home is a modern and practical living space. The kitchen features granite countertops and stainless steel appliances, while the gray engineered wood floors provide a sleek touch throughout. Natural light drenches the living room featuring a charming shiplap wall and built-in bench window seating add character and coziness. With covered off-street parking, free laundry, quick access to highways, convenience is paramount. Residents also have access to a rooftop lounge with panoramic city views. Enjoy the convenience of walking to nearby amenities such as the Wedge Co-op, Walker Art Museum, and Sculpture Garden. Low HOA dues cover most amenities, making this an ideal urban retreat. Don't miss out – schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Living Area: 619 SqFt

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Covered

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Wall Unit(s)

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: 1/2 BLOCK EAST OF LYNDALE AND FRANKLIN

Price Information

Listing Price Info

Price Summary:

  • List Price: $137,500
  • Price Per SqFt: $222/SqFt

HOA Fees:

  • Amount: $306
  • Frequency: Monthly
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Housing Market Comparison

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

Med. Sold Price

$343.6K

Med. Price/SqFt

$201

Avg. Days On Market

27

# of Sold Homes

1085

504 Franklin Ave Unit 3B vs Minneapolis

14 DAYS ON ROCKET

-13 Days

$137,500

-$206.1K Less

$222/SqFt

+$20 More

KEY TAKEAWAY

This property is $206.1K less than the Median Sold Price and $20/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: #6527451

Listing Office:

  • Office Name: eXp Realty

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Last updated on: 5/18/2024, 12:52:32 AM 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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Payment Calculator

$1,060

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Recommended Financing

30-Year Fixed

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.

Elementary School

school-card-donut-3014823
1
/10
  • Jefferson Community School

  • 1200 W 26th St

  • 0.64 miles

  • Public District Grades PK-8

High School

school-card-donut-3014824
7
/10
  • Southwest High School

  • 3414 W 47th St

  • 3.58 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,364. The most common annual income of people living in Minneapolis, MN is less than $35k. The majority of 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 504 Franklin Ave Unit 3B

What is the listing price of this property?

The listing price of 504 Franklin Ave Unit 3B property is $137,500.

What type of property is this?

The property 504 Franklin Ave Unit 3B is a condo located in Minneapolis, Minnesota, 55405.

Is this property for sale now?

Sale Pending: 504 Franklin Ave Unit 3B is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 504 Franklin Ave Unit 3B are:
Jefferson Community School: GreatSchools Rating 1/10
Southwest High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 504 Franklin Ave Unit 3B has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 504 Franklin Ave Unit 3B is 619 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 504 Franklin Ave Unit 3B is 1961.

Rocket HomesMinnesotaHennepin CountyMinneapolis55405504 Franklin Ave Unit 3B

This home is located at 504 Franklin Ave Unit 3B in Minneapolis, MN and zip code 55405 in the Stevens Square / Loring Heights neighborhood. This 619 square foot home was built in 1961. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $137,500.

In April 2024 more than 519 listings in Minneapolis, MN were sold above the asking price. During the same period more than 228 listings were sold at asking price, while more than 337 were sold below. 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, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $343,683.

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

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