728 1st Ave SW Unit 401 Rochester, MN 55902
Historic Southwest NeighborhoodEstimated payment $1,384/month
Total Views
311
2
Beds
1
Bath
988
Sq Ft
$177
Price per Sq Ft
Highlights
- River View
- Elevator
- Guest Parking
- Folwell Elementary School Rated A-
- Living Room
- 2-minute walk to Roy Sutherland Playground
About This Home
Welcome to your very own downtown condo! This charming 2-bedroom, 1-bathroom condo spans 988 square feet of comfortable living space, perfect for those seeking both a cozy home or a solid rental income potential.
The thoughtfully designed layout maximizes every square foot, featuring a spacious primary bedroom and additional bedroom ideal for guests or a home office. The single bathroom serves the unit efficiently, while the open living areas create a welcoming atmosphere that you or your tenants will love.
Location is everything, and this property delivers. You're just steps away from convenient public transportation at the nearby bus station, making commutes effortless. Grocery shopping is a breeze with stores close by, while Rochester Parks and Recreation offers endless outdoor activities and green spaces for relaxation.
The downtown setting provides excellent walkability and access to Rochester's vibrant dining, entertainment, and cultural scene.
This condo represents an excellent entry point into Rochester's real estate market. Whether you're a first-time investor, expanding your portfolio, or needing a place to call "home", the combination of prime location, reasonable size, and strong rental demand makes this property a smart financial move. Don't miss this opportunity to own in one of Rochester's most desirable neighborhoods.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,674
Year Built
- Built in 1979
HOA Fees
- $275 Monthly HOA Fees
Home Design
- Flat Roof Shape
Interior Spaces
- 988 Sq Ft Home
- 1-Story Property
- Living Room
- River Views
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Home Security
Parking
- Covered Parking
- Guest Parking
Schools
- Folwell Elementary School
- John Adams Middle School
- Mayo High School
Additional Features
- River Front
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 640214025309
Community Details
Overview
- Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, professional mgmt, trash, sewer, snow removal
- Infinity Real Estate And Management Association, Phone Number (507) 550-1052
- High-Rise Condominium
- 728 First Ave Sw Subdivision
Additional Features
- Elevator
- Fire Sprinkler System
Map
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
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 | $1,674 | $132,900 | $35,000 | $97,900 |
| 2022 | $1,660 | $126,500 | $35,000 | $91,500 |
| 2021 | $1,590 | $120,600 | $35,000 | $85,600 |
| 2020 | $1,606 | $115,400 | $35,000 | $80,400 |
| 2019 | $1,220 | $111,900 | $35,000 | $76,900 |
| 2018 | $1,120 | $85,400 | $15,000 | $70,400 |
| 2017 | $1,086 | $80,300 | $16,100 | $64,200 |
| 2016 | $1,078 | $74,500 | $16,100 | $58,400 |
| 2015 | $1,022 | $72,200 | $16,100 | $56,100 |
| 2014 | $1,028 | $72,800 | $16,100 | $56,700 |
| 2012 | -- | $74,700 | $16,100 | $58,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | For Sale | $174,900 | -- | $177 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $75,000 | None Available | |
| Corporate Deed | $68,500 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $110,250 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Homes in Rochester, MN
Source: NorthstarMLS
MLS Number: 6757106
APN: 64.02.14.025309
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 620 3rd Ave SE
- 611 5th Ave SW
- 510 6th St SW
- 616 4th Ave SE
- 523 6th St SW
- 614 7th St SW
- 220 Broadway Ave S Unit 1007
- 220 Broadway Ave S Unit 1221
- 220 Broadway Ave S Unit 1107
- 518 1/2 4th St SW
- TBD 4th Ave SW
- 410 6th Ave SW Unit M10
- 216 10 1 2 St SE
- 213 11th St SE
- 815 7th Ave SW
- 600 4th St SW Unit 605
- 600 4th St SW Unit 401
- 600 4th St SW Unit 308
- 600 4th St SW Unit 406
- 317 6th Ave SW Unit 408
- 515 1st Ave SW
- 501 1st Ave SW
- 425 S Broadway
- 511 3rd Ave NW
- 429 7th St SW
- 504 7th St SW Unit 4
- 33 4th St SW
- 318 1st Ave SW
- 114 10 1 4 St SE
- 412 SE 3rd Ave
- 410 6th Ave SW Unit M2
- 410 6th Ave SW Unit M9
- 920 6th Ave SE
- 718 5th St SW
- 15 1st St SE
- 225-229 6th Ave SW
- 101 E Center St
- 101 E Center St
- 101 E Center St
- 1148 5th Ave SE Unit 1