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    • $85,000

    728 1st Ave SW APT 401, Rochester, MN 55902

    2beds
    988sqft
    High Rise
    Built in 1979
    -- sqft lot
    $86,200 Zestimate®
    $86/sqft
    $1,621 Estimated rent

    Home value

    $86,200

    $79,000 - $94,000

    $1,621/mo

    Zestimate® history
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    What's special

    Welcome to your very own downtown condo! This charming 2-bedroom, 1-bathroom condo spans 988 square feet of comfortable living space, perfect for those seeking both a cozy home or a solid rental income potential. The thoughtfully designed layout maximizes every square foot, featuring a spacious primary bedroom and additional bedroom ideal for guests or a home office. The single bathroom serves the unit efficiently, while the open living areas create a welcoming atmosphere that you or your tenants will love. Location is everything, and this property delivers. You're just steps away from convenient public transportation at the nearby bus station, making commutes effortless. Grocery shopping is a breeze with stores close by, while Rochester Parks and Recreation offers endless outdoor activities and green spaces for relaxation. The downtown setting provides excellent walkability and access to Rochester's vibrant dining, entertainment, and cultural scene. This condo represents an excellent entry point into Rochester's real estate market. Whether you're a first-time investor, expanding your portfolio, or needing a place to call "home", the combination of prime location, reasonable size, and strong rental demand makes this property a smart financial move. Don't miss this opportunity to own in one of Rochester's most desirable neighborhoods.

    Zillow last checked:

    Listing updated:

    Listed by:

    Luke Ihde 507-272-7960,

    Homes Plus Realty

    Bought with:

    Matt Ulland

    Re/Max Results

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6757106MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Bedroom
    • Level: Main
    • Area: 120 Square Feet
    • Dimensions: 10x12
    Bedroom 2
    • Level: Main
    • Area: 120 Square Feet
    • Dimensions: 10x12
    Bathroom
    • Level: Main
    Dining room
    • Level: Main
    • Area: 80 Square Feet
    • Dimensions: 8x10
    Kitchen
    • Level: Main
    • Area: 110 Square Feet
    • Dimensions: 11x10
    Living room
    • Level: Main
    • Area: 238 Square Feet
    • Dimensions: 14x17
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
    • Laundry: Laundry Closet, Main Level, In Unit
    Features
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 988
    • Total interior livable area: 988 sqft
    • Finished area above ground: 988
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Covered, Guest
    • Carport spaces: 1
    Accessibility
    • Accessibility features: Accessible Elevator Installed
    Features
    • Levels: One
    • Stories: 1
    • Has view: Yes
    • View description: River
    • Has water view: Yes
    • Water view: River
    • Waterfront features: River Front, River View
    Lot
    • Size: 1,001 Square Feet
    Details
    • Foundation area: 988
    • Parcel number: 640214025309
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: High Rise
    • Attached to another structure: Yes
    Materials
    • Concrete, Frame
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Electric: Circuit Breakers, Power Company: Rochester Public Utilities
    • Gas: Electric
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Security: Fire Sprinkler System
    • Subdivision: 728 First Ave Sw
    HOA
    • Has HOA: Yes
    • Amenities included: Elevator(s), Fire Sprinkler System, Lobby Entrance
    • Services included: Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Sanitation, Sewer, Snow Removal, Water
    • HOA fee: $275 monthly
    • HOA name: Infinity Real Estate and Management
    • HOA phone: 507-550-1052
    Location
    • Region: Rochester

    Financial & listing details

    • Price per square foot: $86/sqft
    • Tax assessed value: $133,400
    • Annual tax amount: $1,674
    • Date on market: 7/18/2025
    • Cumulative days on market: 144 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/15/2026Listing removed$1,495$2/sqft
    Source: Zillow Rentals Report a problem
    6/12/2026Price change$1,495-6.3%$2/sqft
    Source: Zillow Rentals Report a problem
    6/6/2026Price change$1,595-5.9%$2/sqft
    Source: Zillow Rentals Report a problem
    6/2/2026Listed for rent$1,695+13.4%$2/sqft
    Source: Zillow Rentals Report a problem
    2/4/2026Listing removed$1,495$2/sqft
    Source: Zillow Rentals Report a problem
    12/31/2025Price change$1,495-6.3%$2/sqft
    Source: Zillow Rentals Report a problem
    12/23/2025Price change$1,595-5.9%$2/sqft
    Source: Zillow Rentals Report a problem
    12/16/2025Listed for rent$1,695$2/sqft
    Source: Zillow Rentals Report a problem
    12/15/2025Sold$85,000-14.9%$86/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6757106 Report a problem
    12/9/2025Pending sale$99,900$101/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6757106 Report a problem
    11/14/2025Price change$99,900-37.5%$101/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6757106 Report a problem
    9/24/2025Price change$159,900-3%$162/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6757106 Report a problem
    8/27/2025Price change$164,900-2.9%$167/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6757106 Report a problem
    8/13/2025Price change$169,900-2.9%$172/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6757106 Report a problem
    7/18/2025Listed for sale$174,900+133.2%$177/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6757106 Report a problem
    10/6/2014Sold$75,000+9.5%$76/sqft
    Source: Public Record Report a problem
    5/18/2009Sold$68,500$69/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #1085413 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,858 +11%$133,400 +0.4%
    2024$1,674 $132,900
    2023-- $132,900 +5.1%
    2022$1,660 +4.4%$126,500 +4.9%
    2021$1,590 -1%$120,600 +4.5%
    2020$1,606 +31.6%$115,400 +35.1%
    2019$1,220 $85,400 +6.4%
    2017$1,220 +12.3%$80,300 +7.8%
    2016$1,086 $74,500 +3.2%
    2015$1,086 +0.7%$72,200 -0.8%
    2014$1,078 +4.9%$72,800 -2.5%
    2012$1,028 $74,700 -0.4%
    2011-- $75,000 -3.4%
    2010$992 +39.3%$77,600 -1.8%
    2008$712 $79,000
    Find assessor info on the county website

    Neighborhood: Historic Southwest

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Folwell
    • Middle: John Adams
    • High: Mayo

    Source: NorthstarMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $86,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $86,200

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