$399,339
RENTED JUN 1, 2025

Portland Tower 740 Portland Ave Unit 1305 Minneapolis, MN 55415

Elliot Park Neighborhood
2 Beds
2 Baths
1,176 Sq Ft
0.63 Acres

Highlights

  • No HOA
  • Living Room
  • Forced Air Heating and Cooling System
  • 1 Car Attached Garage
  • 1-Story Property
  • High-Rise Condominium

About This Home

As of June 2025

Now available: 13th floor Portland Tower 2BR, 2BA, 1Pkg with most utilities included one block from Skyway access. Kitchen has granite countertops, stainless steel appliances, gas oven, and island. Unit features hardwood floors, upgraded lighting, roller blinds for the wall of windows, large balcony with natural gas grill hook-up, and closet organizers. Portland Tower provides onsite staff, free heated indoor guest parking, controlled access, fitness center, community room, rooftop patio, and pet relief area. Included with rent: 1 parking stall, storage unit, water/sewer/trash, heat, a/c, basic cable & internet. Tenant responsible for electricity. Application fee is $78 per person, one-time admin fee is $150, one-time moving fee is $300, Security Deposit is One Month's Rent.

Last Agent to Rent the Property

Tim Carson

DRG Listed on: 04/22/2025

Co-Listed By

Patrick Carson

DRG

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,295

Year Built

  • Built in 2017

Lot Details

  • 0.63

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,176 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • High-Rise Condominium
  • Portland Tower Subdivision

Listing and Financial Details

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

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,295

Year Built

Built in 2017

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2025-06-01
  • Lease Price: 2350.0000
  • ApplicationFee: 78.0000
  • SecurityDeposit: 2350.0000
  • 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
  • Year Built: 2017
  • Above Grade Finished Sq Ft: 1176
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Living Area: 1176
  • Owner Pays: Cable TV, Gas, Heat, Trash Collection, Water
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Neighborhood: Downtown East

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

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

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Assessor Parcel Number: TBD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2018
Sold by
Portland Tower Llc
Bought by
Wang Yijian and Li Shiming
Current Estimated Value
$399,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,320
Outstanding Balance
$310,318
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$89,021
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
Wang Yijian $457,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Yijian $366,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2025 06/01/25 Rented $2,350 0.0% --
04/22/2025 04/22/25 For Rent $2,350 +9.3% --
12/19/2023 12/19/23 Rented $2,150 0.0% --
12/04/2023 12/04/23 For Rent $2,150 -- --
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
2024 $5,295 $356,000 $30,000 $326,000
2023 $4,790 $367,000 $14,000 $353,000
2022 $5,821 $391,000 $11,000 $380,000
2021 $5,484 $420,000 $9,000 $411,000
2020 $5,943 $410,000 $8,900 $401,100
2019 $4,300 $410,000 $8,100 $401,900
2018 $4,116 $288,000 $7,400 $280,600
Source: Public Records

Agents Affiliated with this Home

  • Tim Carson

    Landlord's Agent in 2025

    Tim Carson

    DRG

    (612) 978-7385

    1 Total Sale

    Tim Carson
    Section Image

  • P

    Landlord's Co-Listing Agent in 2025

    Patrick Carson

    DRG

    (612) 254-0149

    16 in this area

    191 Total Sales

    Patrick Carson
    Section Image
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About Portland Tower

Map

Source: NorthstarMLS

MLS Number: 6707895

NorthstarMLS

APN: 26-029-24-23-0839

Minnesota Hennepin County Minneapolis 55404 Elliot Park

740 Portland Ave Unit 1305, Minneapolis, MN

This home is located at 740 Portland Ave Unit 1305, Minneapolis, MN 55415 since 22 April 2025 and is currently priced at $399,339. This property was built in 2017. 740 Portland Ave Unit 1305 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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