1240 S 2nd St Unit 1604 Minneapolis, MN 55415
Downtown East Neighborhood
2
Beds
2
Baths
2,042
Sq Ft
$1,172/mo
HOA Fee
Highlights
- Heated In Ground Pool
- City View
- Covered Patio or Porch
- Sauna
- Den
- Elevator
About This Home
As of July 2025Immerse yourself in panoramic, unobstructed views of the skyline, Mississippi River, and the iconic Stone Arch Bridge from this grand residence at The Legacy in Minneapolis' famed Mill District. This sophisticated 2-bedroom, 2-bath + den offers the pinnacle of urban luxury. The kitchen showcases an oversized island, sleek quartz countertops, a custom herringbone tile backsplash, premium wood flooring, and top-of-the-line Wolf stainless steel appliances. Open-concept living space designed with entertaining in mind includes an entertainment system, featuring high-end televisions and sound system which will remain with property, a focal point fireplace, and a bar area equipped with wine refrigerator. Spa-inspired bathrooms feature luxurious tile work, frameless glass shower doors, and designer lighting for a refined retreat. Custom closets are found throughout the home. Enjoy access to The Legacy’s extensive amenities: game room, community lounge, state-of-the-art fitness center, pool, hot tub, sauna, golf simulator, car wash bay, many outdoor spaces, and pet spa. Unit includes two premium parking stalls and a spacious storage cage. Live in one Minneapolis' most vibrant and historic neighborhoods—where culture, cuisine, and the riverfront lifestyle converge-and walk to The Guthrie, Gold Medal Park, U.S. Bank Stadium, The Mill City Farmer's Market and more!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $15,868
Year Built
- Built in 2017
Lot Details
- Additional Parcels
HOA Fees
- $1,172 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Heated Garage
- Garage Door Opener
- Guest Parking
- Assigned Parking
- Secure Parking
Interior Spaces
- 2,042 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Den
- Sauna
- City Views
Kitchen
- Built-In Double Oven
- Range
- Dishwasher
- Wine Cooler
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Heated In Ground Pool
- Covered Patio or Porch
Utilities
- Central Air
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 2602924110966
Community Details
Overview
- Association fees include air conditioning, maintenance structure, hazard insurance, heating, lawn care, ground maintenance, parking, professional mgmt, trash, security, sewer, shared amenities, snow removal
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Cic 2057 Legacy Lofts A Condo Subdivision
- Car Wash Area
Recreation
- Community Pool
Additional Features
- Elevator
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 26, 2019
Sold by
Pearson Mark W and Pearson Julie L
Bought by
Mays Gregory
Total Days on Market
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,000
Outstanding Balance
$636,197
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$631,849
Purchase Details
Closed on
Apr 15, 2019
Sold by
Riverdael Ventures Legacy Llc
Bought by
Pearson Mark W and Pearson Julie L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$986,702
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Similar Homes in Minneapolis, MN
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,350,000 | Titlenexus Llc | |
| Warranty Deed | $1,233,379 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $736,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $986,702 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Sold | $1,275,000 | -1.5% | $624 / Sq Ft |
| 05/27/2025 05/27/25 | Pending | -- | -- | -- |
| 04/24/2025 04/24/25 | For Sale | $1,295,000 | -- | $634 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $15,979 | $1,084,000 | $61,000 | $1,023,000 |
| 2022 | $15,509 | $985,000 | $58,000 | $927,000 |
| 2021 | $14,007 | $1,005,000 | $48,000 | $957,000 |
| 2020 | $2,964 | $948,000 | $47,700 | $900,300 |
| 2019 | $3,530 | $204,500 | $31,500 | $173,000 |
| 2018 | -- | $194,445 | $31,433 | $163,012 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Marissa Skaja
P.S. Real Estate, LLC
(612) 387-1499
3 in this area
153 Total Sales
-
Buyer's Agent in 2025
Erin Habedank
Lakes Sotheby's International Realty
(952) 217-7632
6 in this area
127 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6707248
APN: 26-029-24-11-0966
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