728 1st Ave SW Unit 401 Rochester, MN 55902
Historic Southwest NeighborhoodEstimated payment $942/month
Highlights
- River View
- Living Room
- Guest Parking
- Folwell Elementary School Rated A-
- Lobby
- 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
- Dining 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
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Additional Features
- Accessible Elevator Installed
- River Front
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
- Lobby
- 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 | $1,858 | $132,900 | $35,000 | $97,900 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | Price Changed | $99,900 | -37.5% | $101 / Sq Ft |
| 09/24/2025 09/24/25 | Price Changed | $159,900 | -3.0% | $162 / Sq Ft |
| 08/27/2025 08/27/25 | Price Changed | $164,900 | -2.9% | $167 / Sq Ft |
| 08/13/2025 08/13/25 | Price Changed | $169,900 | -2.9% | $172 / Sq Ft |
| 07/18/2025 07/18/25 | For Sale | $174,900 | -- | $177 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $75,000 | None Available | |
| Corporate Deed | $68,500 | First American Title |
Source: NorthstarMLS
MLS Number: 6757106
APN: 64.02.14.025309
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