$650,000

318 Franklin Ave Minneapolis, MN 55404

$7,719
Closing credit¹
5 beds
4 baths
3,531 sqft
$184 / sqft
House

Property details

About 318 Franklin Ave

Perched atop a private hill in one of Minneapolis’ most walkable and architecturally rich neighborhoods, this extraordinary residence offers a rare blend of timeless character and artistic allure. With the potential to span over 4,600 square feet, the home is a testimony to fine craftsmanship, natural light, and enduring beauty. From the moment you step inside, you're greeted by stunning wood floors, soaring ceilings, and an abundance of windows that bathe the home in warm, natural light. Every detail tells a story—from the handcrafted staircase to the inviting nooks and alcoves that add both function and flair. Entertain with ease in the spacious, formal dining room—an elegant setting perfect for hosting gatherings, holidays, and special occasions. Additionally, the kitchen offers a warm and inviting eat-in space. The living room features elegant pocket doors, offering optional privacy and cozy warmth in the winter months when the fireplace is on—creating a perfect setting for relaxation or intimate gatherings. One of the home’s most cherished spaces is the summer kitchen—a nod to its historic roots—reimagined as a versatile mudroom, gear hub, game room, or casual hangout. The newly added library room is a striking and flexible space, perfect as a reading sanctuary or converted into a main-level bedroom with an adjacent ¾ bath. Upstairs, the primary suite features a spacious dressing room. The second floor also includes four additional bedrooms on one level, offering exceptional convenience and flow for family living. The upper levels reveal even more surprises—an attic transformed into a serene office or bedroom, complete with a claw-foot tub bathroom, workout area, and playful retreat. The “shoe soles” installation, crafted by a local artist who once called this home, brings an unexpected and whimsical touch. Storage is abundant, with an expansive unfinished basement offering even more potential. Completing the experience is a thoughtfully placed sauna—perfect for warming up as the snow falls outside and the city lights shimmer in the distance.The home includes an oversized one-car garage, with generous space in front for additional off-street parking—an uncommon convenience in this sought-after location.Set just one mile west of Lake of the Isles with immediate access to bike trails, lakes, and the very best of city living—Loring Park, the Walker Art Center, the Sculpture Garden, Wedge Co-op, and countless restaurants and shops at Harmon Place—this home delivers the perfect mix of peaceful seclusion and urban convenience. With proximity to major highways and downtown Minneapolis, the location is unbeatable. A one-of-a-kind residence where history, artistry, and opportunity meet—this is a home to be experienced.

Highlights

Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size3,531 sqft
BasementYes
Year built1900
ParkingDetached
MLS #6706395
Garage1 space
FireplaceGas

Summary

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes
  • Fireplace: Gas
  • Total Bedroom Count: 5
  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached
  • Heating: Forced Air
  • Cooling: Central Air
  • List Price: $650,000
  • Price/SqFt: $184
  • HOA Amount: $0
  • Lot: Many Trees
  • Directions: 94W to Hennepin/Lyndale exit. S on Lyndale to Franklin. E on Franklin to Pleasant. N on Pleasant. 1st alley on left to home
  • Year Built: 1900
  • Living Area: 3,531 SqFt
  • MLS Number: 6706395
  • MLS Name: NORTHSTAR
  • Office Name: Compass

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318 Franklin Ave, Minneapolis, MN 55404 - exterior space with a fire pit, a garden, central AC, and a chimney

$650,000

318 Franklin Ave

$7,719

closing credit¹

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0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

2

Emerson Elementary School

Public Magnet PK-5

0.4 mi

120 W 15th St

2

Whittier International Baccalaureate World School

Public Magnet PK-5

0.6 mi

315 W 26th St

2

Hennepin Elementary School

Public Charter KG-5

0.6 mi

2123 Clinton Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $32,364. Most Minneapolis, MN residents have annual incomes less than $<35k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

55%
<35k
39%
35k-100k
7%
100k-200k
0%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

89%
Single, No Kids
3%
Single, with Kids
6%
Married, No Kids
2%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

4%
<11 yrs old
1%
12-17 yrs old
57%
18-34 yrs old
35%
35-64 yrs old
3%
65+ yrs old

What do the neighbors do for fun?

  • Music ConcertsMusic Concerts
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • TennisTennis

Where do the neighbors shop?

  • H&MH&M
  • Banana RepublicBanana Republic
  • Crate & BarrelCrate & Barrel

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Jack In The BoxJack In The Box
  • StarbucksStarbucks

What do the neighbors drive?

  • VolkswagenVolkswagen
  • ToyotaToyota
  • BMWBMW

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • JazzJazz
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 318 Franklin Ave

The listing price of 318 Franklin Ave property is $650,000.

The property 318 Franklin Ave is a house located in Minneapolis, Minnesota, 55404.

Active Listing: 318 Franklin Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 318 Franklin Ave are: Emerson Elementary School (GreatSchools Rating 2/10), Whittier International Baccalaureate World School (GreatSchools Rating 2/10), Hennepin Elementary 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), Downtown Campus (GreatSchools Rating 1/10), Merc (GreatSchools Rating 2/10), Fair Senior High School (GreatSchools Rating 4/10).

The property at 318 Franklin Ave has 5 bedrooms and 4 bathrooms.

The property 318 Franklin Ave is 3,531 SqFt (source: MLS/tax record).

The year of construction for 318 Franklin Ave is 1900.

This home is located at 318 Franklin Ave in Minneapolis, MN and zip code 55405 in the Stevens Square / Loring Heights neighborhood. This 3,531 square foot home was built in 1900. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $650,000.

While more than 466 listings in Minneapolis, MN in April 2025 were sold above asking price, there were more than 213 listings sold at asking price, and more than 261 were sold below. Between March and April 2025, Minneapolis, MN real estate market has seen increase in the number of listings by 23%. Listings spent 28 days on the market in April 2025, and had a median list price of $354,417 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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