$2,672 Closing Credit¹
#6693099, Listing Office: Lakes Sotheby's International
$225,000 List price
111 Franklin Ave Unit 316 Minneapolis, MN 55404
$2,672
Closing credit¹
1 bed
1 full
890 sqft
$253 / sqft
Condo
Property details
About 111 Franklin Ave Unit 316
Opportunity to own a truly outstanding loft in the heart of the city at Franklin Lofts. Originally built in 1950 as an Art Moderne office building, this architectural gem was creatively converted to lofts in 2004. Located on the top floor, this corner unit is flooded with year-round natural light from two full walls of windows and showcases the best downtown skyline view in town—striking at night when the city glows. Includes one assigned parking space (#44) in the surface lot, a basement storage unit, communal bike storage, and rights to lease an indoor parking spot. The shared outdoor courtyard with gardens, grills, and a spacious patio offers a perfect place to relax, entertain, or socialize. Within walking distance to Eat Street, The Wedge (the city’s best co-op), and the Minneapolis Institute of Art.
Highlights
Home typeCondominium
HeatingForced Air
StatusActive
CoolingCentral Air
Size890 sqft
Year built1950
ParkingAssigned, Parking Lot
MLS #6696442
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
- Basement: No
- Total Bedroom Count: 1
- Attached Garage: No
- Parking: Assigned, Parking Lot
- Heating: Forced Air
- Cooling: Central Air
- List Price: $225,000
- Price/SqFt: $252
- HOA Amount: $521
- HOA Frequency: Monthly
- Lot: Irregular Lot
- Directions: Lyndale Ave S to Franklin Ave E to 1st Ave S, building is on the southeast corner.
- Year Built: 1950
- Living Area: 890 SqFt
- MLS Number: 6696442
- MLS Name: NORTHSTAR
- Office Name: Compass
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$225,000
111 Franklin Ave Unit 316
$2,672
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
Hennepin Elementary School
Public Charter KG-5
0.2 mi
•2123 Clinton Ave
2
Emerson Elementary School
Public Magnet PK-5
0.5 mi
•120 W 15th St
2
Whittier International Baccalaureate World School
Public Magnet PK-5
0.6 mi
•315 W 26th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,567. Most Minneapolis, MN residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
43%
<35k
44%
35k-100k
8%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
85%
Single, No Kids
6%
Single, with Kids
6%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
3%
12-17 yrs old
44%
18-34 yrs old
37%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Major League Soccer (MLS)
Tennis
Where do the neighbors shop?
H&M
Banana Republic
Crate & Barrel
Where do the neighbors go to eat?
Chipotle
Jack In The Box
Starbucks
What do the neighbors drive?
Volkswagen
Toyota
BMW
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 111 Franklin Ave Unit 316
The listing price of 111 Franklin Ave Unit 316 property is $225,000.
The property 111 Franklin Ave Unit 316 is a condo located in Minneapolis, Minnesota, 55404.
Active Listing: 111 Franklin Ave Unit 316 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 111 Franklin Ave Unit 316 are: Hennepin Elementary School (GreatSchools Rating 2/10), Emerson Elementary School (GreatSchools Rating 2/10), Whittier International Baccalaureate World School (GreatSchools Rating 2/10), Loveworks Academy for Arts (GreatSchools Rating 1/10), Jefferson Elementary School (GreatSchools Rating 1/10), Metro Schools Middle Charter (GreatSchools Rating 7/10), Merc (GreatSchools Rating 2/10), Downtown Campus (GreatSchools Rating 1/10), Augsburg Fairview Academy (GreatSchools Rating 1/10).
The property at 111 Franklin Ave Unit 316 has 1 bedroom and 1 bathroom.
The property 111 Franklin Ave Unit 316 is 890 SqFt (source: MLS/tax record).
The year of construction for 111 Franklin Ave Unit 316 is 1950.
This home is located at 111 Franklin Ave Unit 316 in Minneapolis, MN and zip code 55404 in the Powderhorn neighborhood. This 890 square foot home was built in 1950. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $225,000.
In March 2025 more than 364 listings in Minneapolis, MN were sold above the asking price. During the same period more than 165 listings were sold at asking price, while more than 309 were sold below. The number of homes for sale in Minneapolis, MN increased by 23.5% between February and March 2025. Listings spent 41 days on the market in March 2025, and had a median list price of $353,912 during the same period.
From Rocket Homes Real Estate and based on county public records data.