748 N 3rd St Unit 401 Minneapolis, MN 55401
North Loop Neighborhood
1
Bed
1
Bath
668
Sq Ft
$620/mo
HOA Fee
Highlights
- City View
- Home Gym
- Stainless Steel Appliances
- Main Floor Primary Bedroom
- Elevator
- Entrance Foyer
About This Home
As of May 2025Centrally located in the vibrant North Loop neighborhood of Minneapolis, this stunning 4th-floor condo in the historic Herschel Lofts offers an unbeatable blend of urban convenience, modern design, and industrial charm. Originally a manufacturing plant, the building retains its historic character with exposed concrete columns, ductwork, and soaring ceilings, while providing all the contemporary amenities you desire. Step inside this spacious, open-concept home and be greeted by expansive windows that flood the space with natural light. The sleek, modern floor plan is designed for both comfort and functionality, featuring a stylish kitchen, ample living and dining areas, and direct access to a private balcony where you can unwind and take in the rare skyline views. The condo includes an in-unit washer and dryer with Wi-Fi capability for ultimate convenience. Enjoy access to a fitness center within the building, as well as underground heated parking with dedicated storage and guest parking options. A pet lover’s dream, the building is adjacent to a dog park, making it easy for your furry friend to get plenty of fresh air and exercise. The surrounding green spaces and tree-lined streets provide a rare touch of nature in the heart of the city. Living in the North Loop means you’re just steps away from the best Minneapolis has to offer. Walk to Twins and Timberwolves games, explore boutique shopping, and indulge in some of the city’s top-rated restaurants, cafés, and entertainment venues. Don’t miss this opportunity to own a stunning loft-style condo in one of the most sought-after neighborhoods in Minneapolis. Schedule your showing today and experience North Loop living at its finest!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,642
Year Built
- Built in 1915
HOA Fees
- $620 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Storage or Cabinetry
- Heated Garage
- Guest Parking
- Assigned Parking
- Secure Parking
Home Design
- Flat Roof Shape
Interior Spaces
- 668 Sq Ft Home
- 1-Story Property
- Entrance Foyer
- Combination Dining and Living Room
- Home Gym
- City Views
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2202924210409
Community Details
Overview
- Association fees include air conditioning, cable TV, controlled access, gas, heating, internet, lawn care, ground maintenance, parking, professional mgmt, trash, sewer, shared amenities, snow removal
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Cic 1711 Herschel Lofts Subdivision
Amenities
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2025
Closed on
May 6, 2025
Sold by
Lundgren Jeffrey W and Lundgren Lindsay J
Bought by
Stark Sarah Maria
Seller's Agent
Kerby Skurat
RE/MAX Results
Buyer's Agent
Rachel Ogren
Keller Williams Premier Realty Lake Minnetonka
List Price
$235,000
Sold Price
$235,000
Total Days on Market
44
Views
87
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.94%
Original Mortgage
$188,000
Outstanding Balance
$188,000
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$44,980
Purchase Details
Closed on
Dec 11, 2020
Sold by
Lundgren Lindsay J and Lundgren Jeffrey W
Bought by
Lundgren Lindsay J and Lundgren Jeffrey W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 18, 2020
Sold by
Knoll Lindsay J and Lundgren Lindsay J
Bought by
Lundgren Lindsay J and Lundgren Jeffrey W
Purchase Details
Closed on
Jul 29, 2008
Sold by
Herschel Lofts Llc
Bought by
Knoll Lindsey J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,900
Interest Rate
6.39%
Mortgage Type
New Conventional
Similar Homes in Minneapolis, MN
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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $235,000 | Watermark Title | |
| Interfamily Deed Transfer | -- | Edgewater Title Group Llc | |
| Deed | -- | None Listed On Document | |
| Warranty Deed | $201,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $188,000 | New Conventional | |
| Previous Owner | $159,000 | New Conventional | |
| Previous Owner | $184,500 | New Conventional | |
| Previous Owner | $201,900 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/06/2025 05/06/25 | Sold | $235,000 | 0.0% | $352 / Sq Ft |
| 03/24/2025 03/24/25 | Pending | -- | -- | -- |
| 02/07/2025 02/07/25 | For Sale | $235,000 | -- | $352 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $3,433 | $263,000 | $66,000 | $197,000 |
| 2022 | $3,541 | $255,500 | $63,000 | $192,500 |
| 2021 | $3,418 | $255,500 | $55,000 | $200,500 |
| 2020 | $3,464 | $255,500 | $19,100 | $236,400 |
| 2019 | $3,568 | $239,000 | $12,700 | $226,300 |
| 2018 | $3,358 | $239,000 | $12,700 | $226,300 |
| 2017 | $3,087 | $200,500 | $12,700 | $187,800 |
| 2016 | $2,982 | $187,500 | $12,700 | $174,800 |
| 2015 | $3,056 | $183,000 | $12,700 | $170,300 |
| 2014 | -- | $171,500 | $12,700 | $158,800 |
Source: Public Records
Agents Affiliated with this Home
-
Kerby Skurat
Seller's Agent in 2025
Kerby Skurat
RE/MAX Results
(612) 812-9262
5 in this area
2,865 Total Sales
-
Mariam Alkaabi
M
Seller Co-Listing Agent in 2025
Mariam Alkaabi
RE/MAX Results
(507) 202-6789
1 in this area
35 Total Sales
-
Rachel Ogren
Buyer's Agent in 2025
Rachel Ogren
Keller Williams Premier Realty Lake Minnetonka
(651) 323-8574
2 in this area
32 Total Sales
-
Benjamin Dzurik
Buyer Co-Listing Agent in 2025
Benjamin Dzurik
Keller Williams Premier Realty Lake Minnetonka
(612) 751-8732
3 in this area
352 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6656163
APN: 22-029-24-21-0409
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