Whittier Neighborhood Updated Condo

2530 1st Avenue S #N202, Minneapolis, MN 55404

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For Sale

$107,000

Updated 1-bedroom condo in Whittier, close to Eat Street.

Type:Condominium

Property size:

524 SF

Price / SF:

$204/SF

HighLights

Prime Whittier location: Steps from Eat Street, Minneapolis Institute of Arts, and minutes to downtown.
Updated with a MODERN KITCHEN featuring granite countertops, maple cabinets, and stainless steel appliances.
Affordable association fee covers heat, internet, water/sewer, garbage, snow/lawn care, gas, and hazard insurance.
Includes reserved off‑street parking space.
Pet and rental‑friendly building with shared laundry, indoor bike storage, and outdoor common area with grills and fire pit.
MOVE‑IN READY with hardwood floors, newer windows, updated bathroom, and included TV and sound bar.

We can help!

Listing Contact

Chris Lindgren

For Sale

$107,000

Updated 1-bedroom condo in Whittier, close to Eat Street.

Type:Condominium

Property size:

524 SF

Price / SF:

$204/SF

Added:: Aug 25, 2025
Days on Market:: 288
Last Refresh:: May 19 at 9:35 pm

Property Features for 2530 1st Avenue S #N202

General Information

Standard status: Active
Size: 524 SF
Property subtype: Condominium

Building Details

Year Built: 1964

We can help!

Listing Contact

Chris Lindgren

Listing agent Chris Lindgren License #MN

Listing office

Listing date Aug 25, 2025

Source Kw

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Chris Lindgren

HighLights

Prime Whittier location: Steps from Eat Street, Minneapolis Institute of Arts, and minutes to downtown.
Updated with a MODERN KITCHEN featuring granite countertops, maple cabinets, and stainless steel appliances.
Affordable association fee covers heat, internet, water/sewer, garbage, snow/lawn care, gas, and hazard insurance.
Includes reserved off‑street parking space.
Pet and rental‑friendly building with shared laundry, indoor bike storage, and outdoor common area with grills and fire pit.
MOVE‑IN READY with hardwood floors, newer windows, updated bathroom, and included TV and sound bar.

Overview

This updated, move-in ready condo features one bedroom and one bathroom in the Whittier neighborhood, steps from Eat Street and minutes from downtown Minneapolis. Converted from a mid-century building, the home offers an open floor plan with a spacious, light-filled living area, hardwood floors, and newer windows. The updated kitchen includes granite countertops, maple cabinets, and stainless steel appliances, including a dishwasher. The bedroom features a large closet and ample light, and the bathroom has been updated. A TV and sound bar are included. The unit includes a reserved off-street parking space close to the back entrance. The building provides shared laundry, indoor bike storage, and a newer roof. Between the two buildings, there is a dedicated outdoor common area with tables, grill stations, and a fire pit. The monthly association fee covers heat, internet, water/sewer, garbage, snow and lawn care, gas, and hazard insurance. Rentals and pets are allowed. Located centrally, the property offers easy access to I-35, major transit lines, and dining, coffee, and cultural destinations. Road improvements are planned to enhance convenience and property values. The property size is 524 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$13.6k	$26.04
− Vacancy	−$860	−$1.64
EGI	$12.8k	$24.40
− OpEx	−$5.8k	−$10.98
NOI	$7.0k	$13.42

524 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$100.5K

$87.9K – $117.2K (±1% cap)

NOI $7,032 @ 7.0% cap · market cap 6.57%

Second Best

—

no second resolved use

Theoretical Best

Office A

$125.0K

$109.4K – $145.9K (±1% cap)

NOI $8,751 @ 7.0% cap · market cap 8.18%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Minneapolis
County: Anoka
State: Minnesota
Longitude: -93.277
Latitude: 44.9562

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For sale
Apartment buildings
MN
Minneapolis
55404
2530 1st Avenue S #N202

What type of property is this?

Apartment building - Updated 1-bedroom condo in Whittier, close to Eat Street.

Where is this apartment building located?

The property is located at 2530 1st Avenue S #N202 Minneapolis, MN.

What is the asking price?

The asking price for this property is $107,000.

What are key features of this property?

This property features: Prime Whittier location: Steps from Eat Street, Minneapolis Institute of Arts, and minutes to downtown.; Updated with a MODERN KITCHEN featuring granite countertops, maple cabinets, and stainless steel appliances.; Affordable association fee covers heat, internet, water/sewer, garbage, snow/lawn care, gas, and hazard insurance.