3 months on rocket

Sale Pending

740 Portland Ave Unit 1618, Minneapolis, MN, 55415

$660,000

Home List Price

$7,838*

Closing Credit

3 Bedrooms
1 Full Bath
1,705 SqFt
$387/SqFt
Condo
Schools Nearby

Location

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740 Portland Ave Unit 1618, Minneapolis$660,000

Buyer Closing Credits

$7,838*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Attached Garage, Concrete, Shared Driveway, Secured, Shared Garage/Stall, Storage
Attached Garage2 spaces
Year Built2016
HeatingBaseboard, Forced Air, Fireplace(s)
CoolingCentral Air
FireplaceDecorative, Electric, Living Room
MLS #6481717
StatusSale Pending
(Active)

About 740 Portland Ave Unit 1618

Offering an enticing 3.5% assumable mortgage for the savvy buyers. Welcome to the epitome of urban elegance! Explore the unparalleled luxury of this 3-bed, 2-bath penthouse in the esteemed Portland Tower. Ideally positioned on the corner of Portland Ave and Eighth, this residence is stone's throw away from iconic destinations such as the US Bank Stadium, Target Field, Target Center, and the vibrant downtown scene. Step inside to discover a culinary haven with a custom kitchen, where every detail is meticulously crafted for the discerning chef. The open floorplan provides a seamless flow, allowing you to entertain while soaking in panoramic views of downtown Minneapolis and US Bank Stadium. The primary bedroom is a sanctuary of serenity, featuring a generously sized walk-in closet capable of accommodating everyone's wardrobe needs. The private ensuite is a beautifully appointed retreat, elevating your daily routine to a spa-like experience. Come check out this condo for yourself!

Property Details

Property Features

Property Information:

  • Year Built: 2016
  • Living Area: 1,705 SqFt

Listing Office:

  • Office Name: Keller Williams Select Realty

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Water Filtration System, Microwave, Refrigerator, Oven, Washer
  • Basement: No
  • Fireplace: Decorative, Electric, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Assigned, Attached Garage, Concrete, Shared Driveway, Secured, Shared Garage/Stall, Storage

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air, Fireplace(s)
  • 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: from S 7th St, Left into Portland Ave building on the right corner of Portland Ave and eighth.

Price Information

Listing Price Info

Price Summary:

  • List Price: $660,000
  • Price Per SqFt: $387/SqFt

HOA Fees:

  • Amount: $1007
  • 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

$341.2K

Med. Price/SqFt

$201

Avg. Days On Market

38

# of Sold Homes

862

740 Portland Ave Unit 1618 vs Minneapolis

91 DAYS ON ROCKET

+53 Days

$660,000

+$318.7K More

$387/SqFt

+$185 More

KEY TAKEAWAY

This property is $318.7K more than the Median Sold Price and $185/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: #6481717

Listing Office:

  • Office Name: Keller Williams Select Realty

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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-991336
2
/10

  • Northeast Middle School

  • 2955 Hayes St NE

  • 3.70 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-991337
2
/10

  • Edison High School

  • 700 22nd Ave NE

  • 2.60 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 $39,366. The most common annual income of people living in Minneapolis, MN is less than $35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 740 Portland Ave Unit 1618

What is the listing price of this property?

The listing price of 740 Portland Ave Unit 1618 property is $660,000.

What type of property is this?

The property 740 Portland Ave Unit 1618 is a condo located in Minneapolis, Minnesota, 55415.

Is this property for sale now?

Sale Pending: 740 Portland Ave Unit 1618 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 740 Portland Ave Unit 1618 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 740 Portland Ave Unit 1618 has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 740 Portland Ave Unit 1618 is 1,705 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 740 Portland Ave Unit 1618 is 2016.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55415›740 Portland Ave Unit 1618

This home is located at 740 Portland Ave Unit 1618 in Minneapolis, MN and zip code 55415 in the Elliot Park neighborhood. This 1,705 square foot home was built in 2016. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 26, 2024 and is currently priced at $660,000.

Over 380 listings were sold over their listed price in March 2024 in Minneapolis, MN. In the same period over 317 listings were sold below the listed price and 165 listings were sold for the listed price. In March 2024 in Minneapolis, MN there were 15.5% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $341,287, while the average time on the real estate market was 38 days.

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

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