Franklin Lofts 111 E Franklin Ave Unit 316 Minneapolis, MN 55404
Whittier NeighborhoodEstimated payment $1,752/month
Highlights
- City View
- Elevator
- Patio
- Main Floor Primary Bedroom
- Eat-In Kitchen
- 4-minute walk to Washburn Fair Oaks Park
About This Home
Step inside this rare gem of a loft, tucked in a historic building that once served as the headquarters of the Minneapolis Railway. Today, those original steel railroad beams give the space an industrial edge, while modern updates make it feel perfectly at home for today’s lifestyle.
Wake up to soft morning light streaming through oversized windows, grab coffee from The Wedge, and stroll through Eat Street or to the Minneapolis Institute of Art — all within blocks. In the evening, host friends in your open living space, or unwind in the quiet community courtyard that feels like your own private garden oasis.
This home is as practical as it is beautiful, with in-unit laundry, central air, and even a dedicated storage space. The building is secure and community-focused, with convenient bike storage for your winter rides. And with a brand-new roof and a newly implemented Hennepin County Organics recycling program, it’s a building that cares about its future — and yours.
Whether you’re looking for your first city home or a stylish space to downsize, this loft delivers that perfect mix of history, character, and comfort that you won’t find anywhere else. Unit comes with an outdoor parking spot and buyer gets first dibs on the long-term lease of an indoor parking spot.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,454
Year Built
- Built in 1950
HOA Fees
- $521 Monthly HOA Fees
Parking
- Assigned Parking
Home Design
- Flat Roof Shape
Interior Spaces
- 890 Sq Ft Home
- 1-Story Property
- Living Room
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Home Security
Additional Features
- Patio
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 3402924120123
Community Details
Overview
- Association fees include cable TV, controlled access, hazard insurance, lawn care, ground maintenance, parking, professional mgmt, trash, snow removal
- Omega Property Management Association, Phone Number (763) 449-9100
- Low-Rise Condominium
- Cic 1309 Franklin Lofts Condo Subdivision
Additional Features
- Elevator
- Fire Sprinkler System
Map
About Franklin Lofts
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $2,454 | $205,000 | $10,000 | $195,000 |
| 2022 | $2,606 | $205,000 | $9,000 | $196,000 |
| 2021 | $2,490 | $205,000 | $6,000 | $199,000 |
| 2020 | $2,553 | $203,000 | $11,900 | $191,100 |
| 2019 | $2,457 | $193,500 | $11,900 | $181,600 |
| 2018 | $2,561 | $182,500 | $11,900 | $170,600 |
| 2017 | $2,448 | $159,000 | $11,900 | $147,100 |
| 2016 | $2,457 | $154,500 | $11,900 | $142,600 |
| 2015 | $2,580 | $154,500 | $11,900 | $142,600 |
| 2014 | -- | $131,000 | $11,900 | $119,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | Price Changed | $189,900 | -2.6% | $213 / Sq Ft |
| 08/28/2025 08/28/25 | For Sale | $195,000 | -- | $219 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | Titlenexus | |
| Warranty Deed | $208,000 | Titlenexus Llc | |
| Warranty Deed | $207,300 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $181,000 | New Conventional | |
| Previous Owner | $187,200 | New Conventional | |
| Previous Owner | $140,425 | New Conventional |
Source: NorthstarMLS
MLS Number: 6779574
APN: 34-029-24-12-0123
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