Active
$229,900

111 E Franklin Avenue #316, Minneapolis, MN, 55404

1  Bedrooms1  Bathroom890  Square Feet
Days on market675
Year built1950
ParkingAssigned
Potential $3,897buyer credit when you buy with SODL
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About this home

Opportunity to own a truly outstanding loft in the heart of the city at Franklin Lofts. This building was originally built in 1950 as an Art Moderne office building and then creatively converted to lofts in 2004. Located on the top floor, this corner unit combines great industrial character with concrete floors, exposed ductwork and steel beams, as well as abundant natural light and downtown skyline views with two full walls of windows. Comes with 1 assigned parking space #44 in surface lot and possible option to lease an indoor parking spot, as well as a storage locker. The outdoor courtyard with gardens, grills and spacious patio is another great space to entertain, relax and socialize. Enjoy everything the city offers including restaurants and coffee shops, parks and museums, music, sports, theaters and farmer’s markets.

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Home facts

Property typeResidential
Property subtypeLow Rise
Year built1950
LevelsOne
Living area890 sqft
Above-grade finished890 sqft
Below-grade finished0 sqft
Lot size0 acres (0)
Days on market675
ListedJan 7, 2025
MLS #NST6646048
CountyHennepin
SubdivisionCic 1309 Franklin Lofts Condo
Parcel #3402924120123

Facts & features

Interior

Bedrooms
1
Bathrooms
1
Bath breakdown
1 full
Heating
Forced Air
Cooling
Central Air
Appliances
Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer

Property

Levels / stories
One
Parking features
Assigned, Parking Lot
Pool
None
Fencing
None
Lot dimensions
0
Lot features
Irregular Lot

Construction

Property type
Residential
Property subtype
Low Rise
Construction materials
Brick/Stone
Foundation
890 sqft
Roof
Flat
Year built
1950

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Electric
Circuit Breakers

Community & HOA

Subdivision
Cic 1309 Franklin Lofts Condo
HOA
$521/month
HOA name
Omega Property Management
HOA phone
763-449-9100
HOA includes
Cable TV, Controlled Access, Hazard Insurance, Lawn Care, Other, Maintenance Grounds, Parking, Professional Mgmt, Trash, Snow Removal
HOA amenities
Concrete Floors & Walls, Elevator(s), Fire Sprinkler System, Lobby Entrance, Patio, Security

Financial & listing details

Annual tax
$2,454 (2024)
Tax with assessments
2454.0000
Listed
Jan 7, 2025
Days on market
675 · 87 cumulative

Interior details

Total bathrooms1
Full baths1
3/4 baths0
Half baths0
1/4 baths0
BasementNone
HeatingForced Air
CoolingCentral Air
AppliancesDishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
AccessibilityDoors 36"+, Accessible Elevator Installed, Hallways 42"+, No Stairs Internal

Exterior & lot

RoofFlat
Foundation area890 sqft
Lot featuresIrregular Lot
Road frontageCity Street
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected

Parking & garage

ParkingAssigned, Parking Lot
Garage spaces0

Financial details

Annual taxes$2,454
Tax year2024
Taxes w/ assessments2454.0000
Assessment pendingNo
HOA fee$521
Down payment resourceY
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number1
District phone612-668-0000
High schoolMinneapolis
SODL flat fee brokerage
$3,897Estimated buyer credit
SODL platform fee $3,000Your buyer credit $3,897

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$2,010/mo
Principal & interest$1,208
Property taxes$205
Home insurance (est.)$77
HOA fees$521
%
$45,980
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

111 E Franklin Avenue #316, Minneapolis, MN, 55404

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Listing information

MLS #NST6646048
Last reported MLS statusActive
MLS record updatedJan 8, 2025, 11:04 AM
Originally listedJan 7, 2025, 5:10 PM
Listing officeCompass

Status reflects the latest MLS record available to SODL, not independently confirmed current availability. Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.