Landlord's Agent in 2025
Tim Carson
DRG
(612) 978-7385
1 Total Sale
401 N 2nd St Unit 703 Minneapolis, MN 55401
North Loop Neighborhood
2
Beds
2
Baths
2,400
Sq Ft
2006
Built
Highlights
- 1 Fireplace
- 2 Car Attached Garage
- Living Room
- No HOA
- Patio
- Laundry Room
About This Home
As of July 2025FULLY FURNISHED magazine-worthy penthouse now available at 5th Ave Lofts! You'll revel in the high-end, spacious atmosphere, while enjoying uninterrupted skyline views of downtown Minneapolis. This 2400+ sq ft open concept design is perfect for entertaining family and friends, then they can stay the night in the 2nd bedroom ensuite! Notable features include hardwood floors, commercial-grade appliances, balcony with grill hook-up, executive level walk-in closets, dual control thermostats that separate bedrooms from living area, gas fireplace, wet bar with wine fridge, 300+ sq ft primary bedroom, and more! 5th Ave Lofts puts you in the heart of the North Loop and features a community room, fitness center and rooftop patio. Included in rent: 2 indoor heated parking stalls, storage unit, water/sewer/trash, gas, heat, A/C, basic cable & internet. Tenant pays for electricity. App Fee: $78, Admin Fee: $150, Move-in fee: $800, Security Deposit is One Month's Rent.
Condo Details
Home Type
- Condominium
Est. Annual Taxes
- $12,379
Year Built
- Built in 2006
Parking
- 2 Car Attached Garage
- Heated Garage
- Garage Door Opener
- Secure Parking
Interior Spaces
- 2,400 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Entrance Foyer
- Family Room
- Living Room
- Dining Room
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Accessible Home Design
- Accessible Elevator Installed
- No Interior Steps
Outdoor Features
- Patio
Utilities
- Central Air
- Baseboard Heating
- Hot Water Heating System
- Boiler Heating System
- Radiant Heating System
Community Details
- No Home Owners Association
- High-Rise Condominium
- 5Th Ave Lofts Subdivision
Listing and Financial Details
- Property Available on 6/1/25
- The owner pays for cable TV, gas, heat, trash collection, water
- Assessor Parcel Number 2202924131063
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 25, 2021
Sold by
Hagen Mary C and Hagen Douglas R
Bought by
Torchia Lonna M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$741,600
Outstanding Balance
$666,691
Interest Rate
2.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 27, 2009
Sold by
Lipton Susan and Lipton Steve
Bought by
Hagen Mary C and Hagen Douglas R
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Torchia Lonna M | $824,000 | Trademark Title | |
| Hagen Mary C | $685,000 | -- | |
| Torchia Lonna Lonna | $824,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Torchia Lonna M | $741,600 | |
| Closed | Torchia Lonna Lonna | $741,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | Rented | $6,000 | -20.0% | -- |
| 05/19/2025 05/19/25 | For Rent | $7,500 | 0.0% | -- |
| 06/01/2024 06/01/24 | Rented | $7,500 | -6.2% | -- |
| 03/22/2024 03/22/24 | For Rent | $7,995 | -- | -- |
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 | $12,379 | $771,000 | $74,000 | $697,000 |
| 2023 | $10,269 | $734,000 | $74,000 | $660,000 |
| 2022 | $10,314 | $699,200 | $68,000 | $631,200 |
| 2021 | $9,983 | $699,200 | $57,300 | $641,900 |
| 2020 | $12,529 | $699,200 | $57,300 | $641,900 |
| 2019 | $12,472 | $796,500 | $38,200 | $758,300 |
| 2018 | $11,642 | $773,500 | $38,200 | $735,300 |
| 2017 | $11,154 | $682,000 | $15,800 | $666,200 |
| 2016 | $10,534 | $633,500 | $15,800 | $617,700 |
| 2015 | $9,232 | $543,500 | $15,800 | $527,700 |
| 2014 | -- | $496,000 | $15,800 | $480,200 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Carson
-
Patrick Carson
P
Landlord's Co-Listing Agent in 2025
Patrick Carson
DRG
(612) 254-0149
46 in this area
193 Total Sales
-
Dan O'Brien
D
Seller's Agent in 2024
Dan O'Brien
Stepping Stone Brokers LLC
(612) 562-3773
3 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6723603
APN: 22-029-24-13-1063
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