NOT LISTED FOR SALE

1405 E 40th St Unit 5F Minneapolis, MN 55407

Bancroft Neighborhood

Estimated Value: $74,000 - $121,000

1 Bed
1 Bath
671 Sq Ft
3.66 Acre Lot

Sale Details

Date Sold: October 2, 2025

Last sale price $73,000 $109 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $983 / mo

65 Days on Market

Highlights

  • In Ground Pool
  • Breakfast Bar
  • Laundry Room
  • 159,517 Sq Ft lot
  • Living Room
  • 4-minute walk to Bancroft Meadows

About This Home

As of October 2025

Super cute and cozy 1 bedroom condo! Bancroft is the perfect south Minneapolis neighborhood. Easy commute to downtown and convenient to area nature trails around the lakes, and nearby shopping. Enjoy the many amenities at your new home like a heated ground pool, bonus storage locker right outside your front door. Convenient on site laundry room, your own private balcony, and close to the bus line and light rail! A must see!

Last Agent to Sell the Property

Benjamin Hoffman

eHouse Realty, Inc Listed on: 07/18/2025

Last Buyer's Agent

Scott Blanck

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,482

Year Built

  • Built in 1965

Lot Details

  • 3.66

HOA Fees

  • $401 Monthly HOA Fees

Interior Spaces

  • 671 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Basement

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 1102824130258

Community Details

Overview

  • Association fees include hazard insurance, heating, ground maintenance, professional mgmt, trash, sewer, snow removal
  • Associa Minnesota Association, Phone Number (763) 225-6400
  • Low-Rise Community
  • Condo 0221 Bush Terrace Condo Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,482

Year Built

Built in 1965

Lot Details

3.66 Acres

HOA Fees

$401 per month

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Wall Unit(s)
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Fee Frequency: Monthly
  • Year Built: 1965
  • Above Grade Finished Sq Ft: 671
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 671
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Dining Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • PoolFeatures: Below Ground
  • ConstructionMaterialsDesc: Block
  • Neighborhood: Bancroft

Garage/Parking

  • Parking Features: Other

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Hazard Insurance, Heating, Maintenance Grounds, Professional Mgmt, Trash, Sewer, Snow Removal
  • Phone: 763-225-6400
  • Association Fee: 401
  • Association: Yes
  • Amenities Unit: Patio

Association/Amenities

  • HOA Management Co: Associa Minnesota

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: common
  • Lot Size Sq Ft: 159516.72
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 1102824130258
  • Tax Annual Amount: 1482
  • TaxWithAssessments: 1482.0000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2025
Closed on
Sep 30, 2025
Sold by
Bought by
Seller's Agent
Benjamin Hoffman
eHouse Realty, Inc
Buyer's Agent
Scott Blanck
RE/MAX Results
List Price
$89,900
Sold Price
$73,000
Premium/Discount to List
-$16,900
-18.8%
Views
78
Current Estimated Value
$90,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,979
Avg. Annual Appreciation
35.77%

Purchase Details

Closed on
Jul 1, 2025
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 2000
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$73,000 Watermark Title
$71,785 Watermark Title
$88,500 --
$35,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/02/2025 10/02/25 Sold $73,000 -8.6% $109 / Sq Ft
09/21/2025 09/21/25 Pending -- -- --
09/04/2025 09/04/25 Price Changed $79,900 -5.9% $119 / Sq Ft
08/04/2025 08/04/25 Price Changed $84,900 -5.6% $127 / Sq Ft
07/18/2025 07/18/25 For Sale $89,900 -- $134 / Sq Ft
Source: NorthstarMLS

Agents Affiliated with this Home

  • Benjamin Hoffman

    Seller's Agent in 2025

    Benjamin Hoffman

    eHouse Realty, Inc

    (612) 703-7215

    1 in this area

    149 Total Sales

    Benjamin Hoffman
    Section Image
  • Scott Blanck

    Buyer's Agent in 2025

    Scott Blanck

    RE/MAX Results

    (651) 503-5355

    1 in this area

    34 Total Sales

    Scott Blanck
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6757732

NorthstarMLS

APN: 11-028-24-13-0258

Minnesota Hennepin County Minneapolis 55407 Bancroft

1405 E 40th St Unit 5F, Minneapolis, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS 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. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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