401 S 1st St Unit 401 Minneapolis, MN 55401
Downtown West NeighborhoodEstimated payment $3,102/month
Highlights
- River Front
- Community Spa
- Elevator
- Sauna
- Party Room
- 3-minute walk to Mill Ruins Park
About This Home
Experience upscale urban living at its finest in this beautifully updated 2-bedroom, 2-bath corner unit in the sought-after Riverwest Condominiums. Boasting a spacious and light-filled layout, this home features a large living room and dedicated dining area—perfect for entertaining or relaxing with panoramic views of both the Mississippi River and the downtown Minneapolis skyline. Enjoy cooking in the stylish kitchen with granite countertops, stainless steel appliances, and ample cabinet space. The primary suite includes a walk-in closet and private bath, while the second bedroom offers flexibility for guests or a home office. Additional highlights include in-unit laundry, a private deck, and recent modern updates throughout. Riverwest amenities include 24-hour on-site staff, a fitness center, party room, outdoor pool, and one heated parking space. Located just steps from the riverfront, trails, restaurants, and the North Loop—this is downtown living with unbeatable convenience and comfort. Don’t miss your chance to own this move-in-ready gem in the heart of Minneapolis!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,211
Year Built
- Built in 1989
HOA Fees
- $908 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Garage Space
Interior Spaces
- 1,358 Sq Ft Home
- 1-Story Property
- Living Room
- Dining Room
- Sauna
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Home Security
Additional Features
- Patio
- River Front
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 2302924310118
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, controlled access, gas, hazard insurance, heating, internet, ground maintenance, professional mgmt, recreation facility, trash, security, sewer, shared amenities, snow removal
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Cic 1487 Riverwest Condo Subdivision
- Car Wash Area
Amenities
- Community Deck or Porch
- Party Room
- Elevator
- Lobby
Recreation
- Community Spa
Additional Features
- 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 | $5,232 | $363,000 | $32,000 | $331,000 |
| 2023 | $5,063 | $385,000 | $32,000 | $353,000 |
| 2022 | $5,355 | $372,000 | $30,000 | $342,000 |
| 2021 | $5,170 | $387,000 | $26,000 | $361,000 |
| 2020 | $5,602 | $387,000 | $24,800 | $362,200 |
| 2019 | $5,528 | $387,000 | $12,400 | $374,600 |
| 2018 | $5,165 | $372,000 | $12,400 | $359,600 |
| 2017 | $4,864 | $321,500 | $12,400 | $309,100 |
| 2016 | $4,691 | $303,500 | $12,400 | $291,100 |
| 2015 | $4,566 | $283,500 | $12,400 | $271,100 |
| 2014 | -- | $247,500 | $12,400 | $235,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | Price Changed | $334,900 | -4.3% | $247 / Sq Ft |
| 07/23/2025 07/23/25 | Price Changed | $349,900 | -4.1% | $258 / Sq Ft |
| 06/23/2025 06/23/25 | Price Changed | $364,900 | -3.9% | $269 / Sq Ft |
| 05/28/2025 05/28/25 | Price Changed | $379,900 | -5.0% | $280 / Sq Ft |
| 04/30/2025 04/30/25 | For Sale | $399,900 | -- | $294 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $256,000 | -- | |
| Warranty Deed | $254,000 | First American Title Ins Co | |
| Warranty Deed | $180,000 | Siena Title Llc | |
| Warranty Deed | $237,500 | Titlesource Inc | |
| Warranty Deed | $148,000 | Edina Realty Title Inc | |
| Warranty Deed | $242,020 | -- | |
| Warranty Deed | $304,595 | -- | |
| Warranty Deed | $58,000,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $241,300 | New Conventional |
Source: NorthstarMLS
MLS Number: 6712191
APN: 23-029-24-31-0118
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