NOT LISTED FOR SALE

2425 E Franklin Ave Unit 409 Minneapolis, MN 55406

Seward Neighborhood

Estimated Value: $164,568 - $177,000

2 Beds
1 Bath
1,046 Sq Ft
0.65 Acre Lot

Sale Details

Date Sold: August 22, 2025

Last sale price $171,000 $163 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,520 / mo

58 Days on Market

Highlights

  • 28,358 Sq Ft lot
  • Living Room
  • Lobby
  • Home Gym
  • No Interior Steps
  • 1-minute walk to Merwyn Triangle Park

About This Home

As of August 2025

Awesome top floor condo in the heart of the Seward neighborhood. Great location, walkable to the Seward Coop, the River, U of M, Augsberg, and more. You'll love the updated kitchen with new countertops, flooring, and stainless steel appliances. The two bedrooms are bright and have huge closets. The secure building includes heated indoor parking, FREE laundry, 2nd floor community deck, and exercise room. Don't miss the great condo in a super convenient location.

Last Agent to Sell the Property

Nate Lansing

RES Realty Listed on: 06/23/2025

RES Realty

Last Buyer's Agent

Robert Roop

Real Broker, LLC

Real Broker, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,749

Year Built

  • Built in 1982

Lot Details

  • 0.65

HOA Fees

  • $440 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage

Home Design

  • Flat Roof Shape
  • Rubber Roof

Interior Spaces

  • 1,046 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Home Gym

Kitchen

  • Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 3602924120222

Community Details

Overview

  • Association fees include maintenance structure, hazard insurance, internet, ground maintenance, parking, professional mgmt, shared amenities, snow removal
  • Bailey Enterprises Association, Phone Number (651) 224-5482
  • High-Rise Community
  • Condo 0494 Metroplace Condo Subdivision

Amenities

  • Community Deck or Porch
  • Lobby

Building Details

  • Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,749

Year Built

Built in 1982

Lot Details

0.65 Acres

HOA Fees

$440 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Wall Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: Accessible Elevator Installed, Hallways 42"+, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Deck, Elevator(s), Lobby Entrance, Security
  • Fee Frequency: Monthly
  • Year Built: 1982
  • Above Grade Finished Sq Ft: 1046
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Freezer, Range, Refrigerator
  • Living Area: 1046
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2
  • Shared Rooms: Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age Over 8 Years, Flat, Rubber
  • Neighborhood: Seward

Garage/Parking

  • Parking Features: Heated Garage

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Fuel: Electric

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Hazard Insurance, Internet, Maintenance Grounds, Parking, Professional Mgmt, Shared Amenities, Snow Removal
  • Phone: 651-224-5482
  • Association Fee: 440
  • Association: Yes
  • Amenities Unit: Exercise Room,Primary Bedroom Walk-In Closet

Association/Amenities

  • HOA Management Co: Bailey Enterprises

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: CONDO
  • Lot Size Sq Ft: 28357.56
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 3602924120222
  • Tax Annual Amount: 1749
  • TaxWithAssessments: 1749.0000

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
Jun 23, 2025
Closed on
Aug 13, 2025
Sold by
Bought by
Seller's Agent
Nate Lansing
RES Realty
Buyer's Agent
Robert Roop
Real Broker, LLC
List Price
$190,000
Sold Price
$171,000
Premium/Discount to List
-$19,000
-10%
Views
163
Current Estimated Value
$171,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$892
Avg. Annual Appreciation
0.63%
Original Mortgage
$71,000
Outstanding Balance
$70,939
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$100,953

Purchase Details

Closed on
Nov 15, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2005
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 1995
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
$171,000 Watermark Title
-- Executive Title
$153,700 --
$57,500 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $71,000
Previous Owner $137,600
Closed --
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
08/22/2025 08/22/25 Sold $171,000 -0.6% $163 / Sq Ft
08/20/2025 08/20/25 Pending -- -- --
07/14/2025 07/14/25 Price Changed $172,000 -9.5% $164 / Sq Ft
06/23/2025 06/23/25 For Sale $190,000 -- $182 / Sq Ft
Source: NorthstarMLS

Tax 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.

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
2025 $1,842 $149,000 $10,000 $139,000
2024 $1,771 $149,000 $10,000 $139,000
2023 $1,749 $155,000 $10,000 $145,000
2022 $2,467 $172,000 $10,000 $162,000
2021 $2,381 $178,000 $9,000 $169,000
2020 $2,305 $178,000 $7,200 $170,800
2019 $2,157 $159,000 $7,200 $151,800
2018 $2,028 $144,500 $7,200 $137,300
2017 $1,825 $118,500 $7,200 $111,300
2016 $1,960 $113,500 $7,200 $106,300
2015 $1,561 $93,500 $7,200 $86,300
2014 -- $93,500 $7,200 $86,300
Source: Public Records

Agents Affiliated with this Home

  • Nate Lansing

    Seller's Agent in 2025

    Nate Lansing

    RES Realty

    (612) 499-2769

    1 in this area

    47 Total Sales

    Nate Lansing
    Section Image

  • R

    Buyer's Agent in 2025

    Robert Roop

    Real Broker, LLC

    (651) 246-0006

    1 in this area

    11 Total Sales

    Robert Roop
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6743332

NorthstarMLS

APN: 36-029-24-12-0222

Minnesota Hennepin County Minneapolis 55406 Seward

2425 E Franklin Ave Unit 409, 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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