401 N 2nd St Unit 504 Minneapolis, MN 55401
North Loop NeighborhoodEstimated payment $5,705/month
Highlights
- Very Popular Property
- Deck
- Elevator
- 87,512 Sq Ft lot
- Party Room
- Stainless Steel Appliances
About This Home
Enjoy breathtaking views from the heart of the North Loop, just steps from the river, top-rated restaurants, and a vibrant nightlife. This impressive wide open-concept home at 5th Ave Lofts, features gleaming hardwood flooring, an upgraded kitchen with premium appliances, and a private recessed balcony—perfect for relaxing or entertaining. The elevated flex area provides an ideal work-from-home setup. Two spacious bedrooms each with a large walk-in closet and full bathroom. You'll love the full size laundry room with abundance of storage space. Additional highlights include two heated underground parking spaces, a storage unit, and exceptional building amenities including a fitness center, community room, bike storage, and dog-friendly areas. Experience the best of city living in one of Minneapolis’ most sought-after neighborhoods and buildings!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,968
Year Built
- Built in 2005
HOA Fees
- $1,145 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Heated Garage
- Garage Door Opener
Interior Spaces
- 2,311 Sq Ft Home
- 1-Story Property
- Living Room
- Combination Kitchen and Dining Room
- Washer
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Home Security
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
Additional Features
- No Interior Steps
- Deck
- Sprinkler System
Listing and Financial Details
- Assessor Parcel Number 2202924131024
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, gas, hazard insurance, heating, internet, ground maintenance, parking, professional mgmt, trash, sewer, shared amenities, snow removal
- Gasson Association, Phone Number (952) 922-5575
- High-Rise Condominium
- Cic 1428 Security Warehouse/5Th Ave Subdivision
Amenities
- Community Deck or Porch
- Party Room
- Elevator
- Lobby
Security
- Fire Sprinkler System
Map
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 |
|---|---|---|---|---|
| 2024 | $8,968 | $584,000 | $71,000 | $513,000 |
| 2023 | $10,222 | $731,000 | $71,000 | $660,000 |
| 2022 | $10,303 | $696,500 | $66,000 | $630,500 |
| 2021 | $9,935 | $696,500 | $55,000 | $641,500 |
| 2020 | $11,138 | $696,500 | $21,300 | $675,200 |
| 2019 | $11,080 | $718,000 | $14,200 | $703,800 |
| 2018 | $10,330 | $697,000 | $14,200 | $682,800 |
| 2017 | $9,865 | $613,500 | $14,200 | $599,300 |
| 2016 | $9,295 | $569,500 | $14,200 | $555,300 |
| 2015 | $8,165 | $489,000 | $14,200 | $474,800 |
| 2014 | -- | $446,000 | $14,200 | $431,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/11/2025 11/11/25 | For Sale | $724,900 | -- | $314 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $640,000 | Edina Realty Title | |
| Warranty Deed | $507,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $576,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 6813195
APN: 22-029-24-13-1024
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