T
Seller's Agent in 2025
Thomas Randall
Fazendin REALTORS
(952) 473-7000
1 in this area
7 Total Sales
401 N 2nd St Unit 5207 Minneapolis, MN 55401
North Loop Neighborhood
2
Beds
2
Baths
1,378
Sq Ft
$830/mo
HOA Fee
Highlights
- City View
- Deck
- Subterranean Parking
- 87,512 Sq Ft lot
- Stainless Steel Appliances
- 2 Car Attached Garage
About This Home
As of November 2025Welcome to 5th Avenue Lofts, located in the heart of the North Loop within the historic Warehouse District. This spacious 2-bedroom, 2-bathroom condo features an open floor plan designed for modern living, highlighted by an updated kitchen with sleek finishes and contemporary style. Enjoy seamless flow between living, dining, and kitchen areas—perfect for both entertaining and everyday life. The generous bedrooms and bathrooms provide comfort and privacy, while large windows fill the home with natural light. You also enjoy the underground parking with 2 car stalls and storage unit. Residents of 5th Avenue Lofts enjoy top-notch amenities, including a community room, fitness center, and a private fenced dog run. Plus, with a convenient walkway connection to Security Warehouse Lofts, you’ll have access to even more shared amenities. Step outside your door and experience all the North Loop has to offer—renowned restaurants, lively nightlife, boutique shopping, and a vibrant arts scene, all just moments away. This is urban living at its finest in one of Minneapolis’ most desirable neighborhoods.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,012
Year Built
- Built in 2005
HOA Fees
- $830 Monthly HOA Fees
Parking
- Subterranean Parking
- Heated Garage
- Insulated Garage
- Garage Door Opener
Home Design
- Flat Roof Shape
- Brick Veneer
Interior Spaces
- 1,378 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Living Room
- Dining Room
- Storage Room
- City Views
- Basement Storage
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Bathroom
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Cable TV Available
Additional Features
- Accessible Elevator Installed
- Deck
Listing and Financial Details
- Assessor Parcel Number 2202924130958
Community Details
Overview
- Association fees include maintenance structure, cable TV, controlled access, hazard insurance, lawn care, ground maintenance, parking, professional mgmt, security, sewer, shared amenities, snow removal
- Gassen Company Association, Phone Number (952) 922-5575
- High-Rise Condominium
- Cic 1428 Security Warehouse/5Th Ave Subdivision
Additional Features
- Lobby
- Security
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2025
Closed on
Nov 21, 2025
Sold by
Scheffknecht Taylor and Raska Jacob
Bought by
Paider Adam and Farris Shelby
Seller's Agent
Thomas Randall
Fazendin REALTORS
Buyer's Agent
Charles Ritt
Coldwell Banker Realty
List Price
$460,000
Sold Price
$453,000
Premium/Discount to List
-$7,000
-1.52%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.48%
Original Mortgage
$407,700
Outstanding Balance
$407,700
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$45,124
Purchase Details
Closed on
Aug 8, 2022
Sold by
Cloeter John and Gloeter Lydia
Bought by
Raska Jacob and Scheffknecht Taylor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 2, 2022
Sold by
Cloeter and Lydia
Bought by
Raska Jacob and Scheffknecht Taylor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 29, 2020
Sold by
Cloeter John and Cloeter Lydia
Bought by
Cloeter John and Cloeter Lydia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 15, 2013
Sold by
Zubrzycki Nathan J and Zubrzycki Annemarie
Bought by
Cloeter John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
4.23%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
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 | $453,000 | Burnet Title | |
| Deed | $440,000 | -- | |
| Warranty Deed | $440,000 | -- | |
| Interfamily Deed Transfer | -- | Ancona Title & Escrow | |
| Warranty Deed | $330,000 | Trademark Title Services Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $407,700 | New Conventional | |
| Previous Owner | $415,000 | New Conventional | |
| Previous Owner | $270,000 | New Conventional | |
| Previous Owner | $306,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2025 11/21/25 | Sold | $453,000 | -1.5% | $329 / Sq Ft |
| 10/14/2025 10/14/25 | Pending | -- | -- | -- |
| 09/18/2025 09/18/25 | For Sale | $460,000 | -- | $334 / 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 |
|---|---|---|---|---|
| 2024 | $6,012 | $410,000 | $55,000 | $355,000 |
| 2023 | $5,091 | $390,000 | $42,000 | $348,000 |
| 2022 | $5,420 | $389,500 | $39,000 | $350,500 |
| 2021 | $5,232 | $389,500 | $32,300 | $357,200 |
| 2020 | $6,030 | $389,500 | $32,300 | $357,200 |
| 2019 | $6,032 | $414,500 | $21,600 | $392,900 |
| 2018 | $5,660 | $402,500 | $21,600 | $380,900 |
| 2017 | $5,442 | $355,000 | $8,000 | $347,000 |
| 2016 | $5,159 | $329,500 | $8,000 | $321,500 |
| 2015 | $4,473 | $277,000 | $8,000 | $269,000 |
| 2014 | -- | $252,500 | $8,000 | $244,500 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Randall
-
Laura Rasmussen
Seller Co-Listing Agent in 2025
Laura Rasmussen
Fazendin REALTORS
(612) 710-1551
2 in this area
72 Total Sales
-
Charles Ritt
Buyer's Agent in 2025
Charles Ritt
Coldwell Banker Burnet
(952) 210-2841
2 in this area
122 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6791325
APN: 22-029-24-13-0958
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