#6670925, Listing office: National Realty Guild
$675,000 List price
2507 1st Ave S Minneapolis, MN 55404
2,800 sqft
$241 / sqft
Multi-Family
Property details
About 2507 1st Ave S
Located just two blocks from the Minneapolis Institute of Art and blocks from Eat Street’s vibrant dining scene, with easy access to I-94, I-35W, Lake of the Isles, and downtown Minneapolis, this is a rare opportunity in an unbeatable urban location. Rare, new construction that is located in a historic district. Unique and thoughtful custom designed front/back duplex. Live in one side, rent one out or own a premier rental property with little maintenance. 2 individual units, each unit offering a modern, low-maintenance lifestyle, with additional investment potential. Both units feature an open-concept layout, sleek finishes, stainless steel appliances, and a quartz center island. Set up is ideal for everyday living and entertaining. Thoughtfully designed with 2 generous bedrooms on the second level of each along w/ full bath, laundry & walk-in closets. Additional main-level 3/4 bathroom offers a 2nd shower for the unit. Large windows that allow the space to fill with natural light. Central air, separate utilities, and a large two-car garage round out the essentials.
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
Size2,800 sqft
Year builtNew Const., 2024
ParkingDetached
MLS #6657670
Garage2 spaces
Summary
- Basement: No
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Detached
- Heating: Forced Air
- List Price: $675,000
- Price/SqFt: $241
- Annual Tax Amount: $1,183
- Tax Year: 2023
- Lot: Few Trees
- Directions: 35W, west on 26th, north on 1st to home
- Year Built: 2024
- Living Area: 2,800 SqFt
- MLS Number: 6657670
- MLS Name: NORTHSTAR
- Office Name: RE/MAX Results
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 30, 2020 | Home Sold | $112,000 |
| Apr 20, 2017 | Home Sold | $67,500 |
| Oct 29, 2008 | Home Sold | $99,900 |
| Feb 18, 1999 | Home Sold | $105,000 |
| Feb 18, 1999 | Home Sold | $90,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $74,000 | $1,183 |
| 2022 | $74,000 | $1,592 |
| 2021 | $64,200 | $1,124 |
| 2020 | $64,200 | $1,049 |
| 2019 | $64,200 | $1,135 |
| 2018 | $64,200 | $1,165 |
| 2017 | $64,200 | $1,177 |
History based on county public records data.
Nearby schools
2
Hennepin Elementary School
Public Charter KG-5
0.4 mi
•2123 Clinton Ave
2
Whittier International Baccalaureate World School
Public Magnet PK-5
0.4 mi
•315 W 26th St
2
Emerson Elementary School
Public Magnet PK-5
0.8 mi
•120 W 15th 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 $41,208. Most Minneapolis, MN residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
41%
<35k
52%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
88%
Single, No Kids
3%
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?
6%
<11 yrs old
1%
12-17 yrs old
66%
18-34 yrs old
23%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2507 1st Ave S
The listing price of 2507 1st Ave S property is $675,000.
The property 2507 1st Ave S is a multi located in Minneapolis, Minnesota, 55404.
Active Listing: 2507 1st Ave S is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2507 1st Ave S are: Hennepin Elementary School (GreatSchools Rating 2/10), Whittier International Baccalaureate World School (GreatSchools Rating 2/10), Emerson Elementary School (GreatSchools Rating 2/10), Jefferson Elementary School (GreatSchools Rating 1/10), Loveworks Academy for Arts (GreatSchools Rating 1/10), Hiawatha College Preparatory - Kingfield (GreatSchools Rating 5/10), Merc (GreatSchools Rating 2/10), Augsburg Fairview Academy (GreatSchools Rating 1/10), Loring-Nicollet High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $1,183 (source: MLS/based on county public records data).
The last sale was on July 30, 2020 for $112,000 (source: MLS/tax record).
The property 2507 1st Ave S is 2,800 SqFt (source: MLS/tax record).
The year of construction for 2507 1st Ave S is 2024.
This home is located at 2507 1st Ave S in Minneapolis, MN and zip code 55404 in the Powderhorn neighborhood. This 2,800 square foot home was built in 2024. Features: 0 bathroom. It has been listed on Rocket Homes since July 10, 2025 and is currently priced at $675,000.
In June 2025 more than 634 listings in Minneapolis, MN were sold above the asking price. During the same period more than 245 listings were sold at asking price, while more than 363 were sold below. The number of homes for sale in Minneapolis, MN increased by 3.4% between May and June 2025. While the average time on the market in June 2025 was 23 days, the median list price was $359,091.
From Rocket Homes Real Estate and based on county public records data.