$765,000
PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

Estimated payment $6,044/month

Total Views 1,019
2 Beds
2 Baths
1,909 Sq Ft
$401 Price per Sq Ft

Highlights

  • Sauna
  • Community Garden
  • 2 Car Attached Garage
  • 185,914 Sq Ft lot
  • Elevator
  • Living Room

About This Home

Welcome to 1240 2nd Street South #701, the largest 2-bedroom floor plan in The Legacy. This exquisite condo offers a perfect blend of contemporary elegance and open space, bathed in natural light from its expansive south and east-facing windows. Step inside to discover upgraded cabinetry, sleek tile accents, and the warmth of real wood floors throughout. The gourmet kitchen boasts stunning granite countertops, making it ideal for both cooking and entertaining. Custom paint, contemporary lighting, and stylish plumbing fixtures add a touch of sophistication to every corner of your new home. With its spacious layout and abundance of natural light, this condo is a prime opportunity for both comfortable living and investment in the heart of Downtown Minneapolis. Don’t miss your chance to acquire this exceptional property!

Last Listed By

Patrick White

RE/MAX Results Listed on: 04/24/2025

RE/MAX Results

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,303

Year Built

  • Built in 2018

HOA Fees

  • $1,078 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Guest Parking
  • Parking Garage Space

Interior Spaces

  • 1,909 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Sauna

Bedrooms and Bathrooms

  • 2 Bedrooms

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 2602924110781

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, cable TV, gas, hazard insurance, heating, internet, lawn care, ground maintenance, parking, professional mgmt, recreation facility, trash, security, sewer, shared amenities, snow removal
  • First Service Residential Association, Phone Number (691) 234-5951
  • High-Rise Condominium
  • Cic 2057 Legacy Lofts A Condo Subdivision
  • Car Wash Area

Amenities

  • Community Garden
  • Elevator

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,303

Year Built

Built in 2018

Lot Details

0

HOA Fees

$1,078 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: Doors 36"+, Accessible Elevator Installed, Hallways 42"+, Door Lever Handles, No Stairs Internal, Soaking Tub
  • Water Source: City Water/Connected
  • Association Amenities: Car Wash, Common Garden, Deck, Elevator(s), Fire Sprinkler System, Spa/Hot Tub, In-Ground Sprinkler System, Lobby Entrance, Other, Sauna
  • Fee Frequency: Monthly
  • Year Built: 2018
  • Above Grade Finished Sq Ft: 1909
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Living Area: 1909
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Neighborhood: Downtown East

Garage/Parking

  • Parking Features: Attached Garage, Covered, Concrete, Guest Parking, Heated Garage, Parking Garage

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Gas, Hazard Insurance, Heating, Internet, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Recreation Facility, Trash, Security, Sewer, Shared Amenities, Snow Removal
  • Phone: 691-234-5951
  • Association Fee: 1078
  • Association: Yes

Association/Amenities

  • HOA Management Co: First Service Residential

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Lot Size Sq Ft: 185914.08
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Metal Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 2602924110781
  • Tax Annual Amount: 8303
  • TaxWithAssessments: 8303.0000

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $6,550 $644,000 $56,000 $588,000
2022 $7,439 $666,000 $53,000 $613,000
2021 $629 $680,000 $44,000 $636,000
2020 $2,718 $197,000 $43,700 $153,300
2019 $5,971 $187,500 $29,000 $158,500
2018 -- $178,241 $28,814 $149,427
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $765,000 0.0% $401 / Sq Ft
08/01/2024 08/01/24 Rented $4,150 0.0% --
06/06/2024 06/06/24 For Rent $4,150 0.0% --
08/17/2022 08/17/22 Rented $4,150 +3.9% --
08/02/2022 08/02/22 Under Contract -- -- --
08/02/2022 08/02/22 For Rent $3,995 -- --
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $740,372 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,383 VA
Closed $740,374 VA
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6708500

NorthstarMLS

APN: 26-029-24-11-0781