There is construction going on in the building Monday - Friday between 8am - 5pm. In 2022, the downtown facing units (which this unit is on) will have construction. The construction will continue until mid- October 2022. In 2023, the river facing units will be under construction.
This unit is a beautiful, 3rd floor, 1 bedroom/ 1 bathroom condo at RiverWest Condominiums in downtown Minneapolis in the Mill District on the river! The home is available for a move-in ASAP - September 30; building move-ins are allowed Monday - Friday between 9am - 4pm. This condo features upgraded lighting fixtures throughout, tile backsplash in the kitchen, granite countertops, kitchen island, stainless steel appliances, track lighting, open concept living room/ dining room, laminate hardwood flooring throughout the main living areas, tile flooring in the bathroom, full size washer/ dryer, nearly new carpeting, balcony, walk-in closet, and Southern downtown exposures. The building has a fitness center, two party rooms, an outdoor pool, a rooftop terrace with barbeque grills, controlled entry, a car wash bay, a sauna, and hot tub. (Amenities are still gradually re-opening in light of Covid-19). The home includes gas, AC, water, sewer, trash, basic cable, 1 parking stall, and 1 storage space. (Second parking stalls are based on your ability to rent from another owner in the building, or nearby contract parking. The tenant is only responsible for electric (internet if desired). One small dog is accepted with an additional $50/ month pet fee, and submission of a $350 pet deposit of which $150 is non-refundable for a required carpet cleaning at move-out. Tenant must pay a $300 move-in fee accessed by the building with their first month rent. The application process is done entirely online through a company called RHR the application fee is $55.50/ adult - $70.50/ adult if you have lived out of state in the last 10 years. (Some states are currently still closed down, so if you have lived out of state in the last 10 years, please email the state so we can check the ability to do a background check).
INCLUDED IN THE RENT: Gas, AC, water, sewer, trash, basic cable, internet (300 mbps), 1 parking stall, 1 storage space
TENANT PAYS: Electric
Sold for $242,500
$242,500
401 1st St S #306, Minneapolis, MN 55401
1beds
1baths
832sqft
Apartment
Built in 1989
-- sqft lot
$250,000 Zestimate®
$291/sqft
$2,220 Estimated rent
Home value
$250,000
$238,000 - $263,000
$2,220/mo
Zestimate® history
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$2,016/mo
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Forced air
Cooling
- Other
Appliances
- Included: Dryer, Washer
- Laundry: In Unit
Features
- Flooring: Tile, Hardwood
Interior area
- Total interior livable area: 832 sqft
Property
Parking
- Parking features: Garage - Detached, Off-street
Features
- Exterior features: Wood
Lot
- Size: 1.59 Acres
Details
- Parcel number: 2302924310100
Construction
Type & style
- Home type: Apartment
Materials
- concrete
- Roof: Built-up
Condition
- Year built: 1989
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $484 monthly
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $291/sqft
- Tax assessed value: $240,000
- Annual tax amount: $3,234
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2024 | Sold | $242,500-2.6%$291/sqft |
Source: Public Record Report a problem | ||
| 8/20/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/3/2022 | Listed for rent | $1,650+3.2%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/27/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/15/2020 | Listing removed | $1,599$2/sqft |
Source: TBW Report a problem | ||
| 7/2/2020 | Price change | $1,599+0.3%$2/sqft |
Source: Owner Report a problem | ||
| 7/1/2020 | Listed for rent | $1,595$2/sqft |
Source: Owner Report a problem | ||
| 11/4/2019 | Listing removed | $1,595$2/sqft |
Source: Owner Report a problem | ||
| 10/24/2019 | Listed for rent | $1,595$2/sqft |
Source: Owner Report a problem | ||
| 4/5/2017 | Sold | $249,000+35.7%$299/sqft |
Source: Public Record Report a problem | ||
| 9/30/2014 | Sold | $183,500+2%$221/sqft |
Source: Agent Provided Report a problem | ||
| 8/2/2014 | Listed for sale | $179,900-1.5%$216/sqft |
Source: Coldwell Banker Burnet - Minneapolis Lakes #4512278 Report a problem | ||
| 3/31/2005 | Sold | $182,575$219/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,234 +1.8% | $240,000 |
| 2024 | $3,176 +4.8% | $240,000 -5.5% |
| 2023 | $3,030 +0.2% | $254,000 +4.1% |
| 2022 | $3,025 +3.5% | $244,000 +4.7% |
| 2021 | $2,924 -7.8% | $233,000 |
| 2020 | $3,170 +8.4% | $233,000 |
| 2019 | $2,924 -7.8% | $233,000 +4% |
| 2018 | $3,170 +9.2% | $224,000 +6.9% |
| 2017 | $2,904 -7.4% | $209,500 +5.8% |
| 2016 | $3,136 +8.8% | $198,000 +7% |
| 2015 | $2,883 +3.2% | $185,000 +14.6% |
| 2014 | $2,793 +9.6% | $161,500 |
| 2013 | $2,549 -1.2% | $161,500 -3% |
| 2012 | $2,580 +0.6% | $166,500 |
| 2011 | $2,564 +8.4% | $166,500 -5.7% |
| 2010 | $2,364 -9.4% | $176,500 -7.1% |
| 2009 | $2,609 | $190,000 |
Find assessor info on the county website
Neighborhood: Downtown West
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Nearby schools
GreatSchools rating
- 2/10Webster ElementaryGrades: PK-5Distance: 1 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 3.1 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$250,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$250,000
- Minnesota
- Hennepin County
- Minneapolis
- 55401
- Downtown West
- 401 1st St S Unit 306