$242,000 - $279,000
RENTED JUL 1, 2025

401 S 1st St Unit 406 Minneapolis, MN 55401

Downtown West Neighborhood
1 Bed
1 Bath
832 Sq Ft
1.62 Acres

Highlights

  • River Front
  • No HOA
  • Patio
  • Sauna
  • Elevator
  • Living Room

About This Home

As of July 2025

Located in the heart of the Mill District this large 1-bedroom features updated kitchen with stainless steel appliances, granite countertops + new cabinets!
Interior unit features include hardwood floors, stainless steel appliances, granite counter tops, side by side washer/dryer, large bedroom with two closets, and large covered balcony! Riverwest Condos amenities include 24 hr. concierge/security desk, two community party rooms, large fitness center, large community patio and pool deck with grills and seating, free indoor guest parking, and resident carwash. Included in rent: 1 indoor heated parking stall, 1 storage unit, water/sewer/trash, gas, heating, air conditioning, basic cable & internet. Tenant responsible for electricity, App Fee: $78, Admin Fee: $150 & Move-in fee: $300.

Last Agent to Rent the Property

Lydia Von Drasek

DRG Listed on: 05/13/2025

Co-Listed By

Tim Carson

DRG

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,219

Year Built

  • Built in 1989

Lot Details

  • 1.62

Parking

  • 1 Car Garage
  • Common or Shared Parking
  • Off-Site Parking
  • Assigned Parking
  • Secure Parking

Interior Spaces

  • 832 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Sauna

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Additional Features

  • Patio
  • River Front
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Property Available on 6/1/25
  • The owner pays for cable TV, gas, heat, trash collection, water

Community Details

Overview

  • No Home Owners Association
  • High-Rise Condominium
  • Cic 1487 Riverwest Condo Subdivision
  • Car Wash Area

Additional Features

  • Elevator
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,219

Year Built

Built in 1989

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Lease Term: 12 Months
  • Available Date: 2025-06-01
  • Lease Price: 1795.0000
  • ApplicationFee: 78.0000
  • SecurityDeposit: 1795.0000
  • SmokingPermitted: No

Listing Details

  • Type: Residential Lease
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: Accessible Elevator Installed
  • Water Source: City Water/Connected
  • Association Amenities: Car Wash, Concrete Floors & Walls, Elevator(s), Fire Sprinkler System, Spa/Hot Tub, Other, Patio, Sauna, Security
  • Year Built: 1989
  • Above Grade Finished Sq Ft: 832
  • Water Body Name: Mississippi River
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 0
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Living Area: 832
  • Fireplace: No
  • Owner Pays: Cable TV, Gas, Heat, Trash Collection, Water
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1
  • Shared Rooms: Amusement/Party Room,Business Center,Community Room,Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Neighborhood: Downtown West
  • Lake Acres: 0
  • LakeChain: N

Garage/Parking

  • Parking Features: Assigned, Off Site, Secured, Shared Garage/Stall, Underground

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Assessor Parcel Number: TBD

Multi Family

  • WaterfrontFeatures: River Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2020
Sold by
Kline Shane
Bought by
Glass Jelani
Current Estimated Value
$253,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,750
Outstanding Balance
$208,218
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$45,601

Purchase Details

Closed on
Jun 19, 2017
Sold by
Goff Carson C and Goff Monica
Bought by
Kline Shane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 26, 2006
Sold by
Wilson Michelle L and Wilson Simon P D
Bought by
Goff Carson

Purchase Details

Closed on
Feb 28, 2005
Sold by
Turnstone River West
Bought by
Stumpf Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,400
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Glass Jelani $245,000 Burnet Title
Glass Jelani $245,000 Burnet Title
Kline Shane $220,000 Titlenexus Llc
Goff Carson $198,500 --
Stumpf Michelle L $180,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glass Jelani $232,750
Closed Glass Jelani $232,750
Previous Owner Kline Shane $209,000
Previous Owner Stumpf Michelle L $144,400
Previous Owner Stumpf Michelle L $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Rented $1,795 0.0% --
05/13/2025 05/13/25 For Rent $1,795 +20.1% --
11/27/2023 11/27/23 Rented $1,495 0.0% --
10/25/2023 10/25/23 For Rent $1,495 -- --
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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
2023 $3,219 $257,000 $20,000 $237,000
2022 $3,071 $246,000 $18,000 $228,000
2021 $2,967 $236,000 $16,000 $220,000
2020 $3,421 $236,000 $15,900 $220,100
2019 $3,389 $236,000 $8,300 $227,700
2018 $3,185 $227,000 $8,300 $218,700
2017 $3,281 $212,000 $8,300 $203,700
2016 $3,181 $200,000 $8,300 $191,700
2015 $3,114 $186,500 $8,300 $178,200
2014 -- $163,000 $8,300 $154,700
Source: Public Records

Agents Affiliated with this Home

  • Tim Carson

    Landlord's Co-Listing Agent in 2025

    Tim Carson

    DRG

    (612) 978-7385

    1 Total Sale

    Tim Carson
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6719851

NorthstarMLS

APN: 23-029-24-31-0123

Minnesota Hennepin County Minneapolis 55401 Downtown West

401 S 1st St Unit 406, Minneapolis, MN

This home is located at 401 S 1st St Unit 406, Minneapolis, MN 55401 since 13 May 2025 and is currently priced at $253,819. This property was built in 1989. 401 S 1st St Unit 406 is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison High School.

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