315 1st Avenue Northeast, Minneapolis, MN 55413

Nicollet Island, University, Minneapolis
Building in Nicollet Island
20 Stories
Built in 2016
315 1st Avenue Ne - Photo 1
315 1st Avenue Ne, Apt 1851
Nicollet Island, University, Minneapolis
$4,916
|
2 Bed
|
2 Bath
By Lucas McDonough
315 1st Avenue Ne - Photo 1
315 1st Avenue Ne, Apt 659
Nicollet Island, University, Minneapolis
$2,698
|
2 Bed
|
2 Bath
By Lucas McDonough
315 1st Avenue Ne - Photo 1
315 1st Avenue Ne, Apt 402
Nicollet Island, University, Minneapolis
$1,896
|
1 Bed
|
1 Bath
By Lucas McDonough
Welcome to 315 1st Avenue Northeast, a building located in Nicollet Island, University, Minneapolis in Minneapolis, MN. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2016. This is a relatively tall building with a total of 20 floors. The market value for the land that the building sits on has been listed at $5,890,600. In addition, improvements upon the building have an added value of $74,669,400. In total, the total market value of the property as a whole is $80,560,000. According to local assessors, the total value of the building is currently valued at $80,560,000. Specifically, the value of the land that the property sits on has been assessed at $5,890,600. The building was last assessed in 2022.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
2016
Effective Year Built
2016
Bedroom Count
0
Building Condition
unknown
Building Quality
unknown
Construction Type
Tilt-up (pre-cast concrete)
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
Flat
Roof Cover Type
unknown
Floor Count
20
Floor Cover
unknown
Basement Type
Unspecified basement
Basement Area
42,456
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
LMC ADDN
Land Acres
3.15
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
Legal Description 1
001 001 LMC ADDN SE412X333X412X334
Ownership
Current Owner's Name
LMC NE MPLS HOLDINGS LLC
Owner Address - City
SCHAUMBURG
Owner Address - State
IL
Owner Address - ZIP Code
60173
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Minneapolis Public School District
School Tax School District
MINNEAPOLIS
Census Tract
103600
Census Block Code
2004
Census Group
2
Census Year
2020
Census - Combined Statistical Area - Area Code
378
Census - Combined Statistical Area - Area Name
Minneapolis-St. Paul, MN-WI
Census - County FIPS
27053
Census - Full FIPS
270531036002004
Census - Metro Micro Statistical Area - Area Code
33460
Census - Metro Micro Statistical Area - Area Name
Minneapolis-St. Paul-Bloomington, MN-WI
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
2743000
Census Source
US Census Bureau
Census State FIPS
27
Census Tract Code
103600
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
2721240
School District - Unified - Name
Minneapolis Public School District
Zoning
Zoning
C2
Geography
Assessors Map Reference
MB:10243
District
01
Parcel
23-029-24-12-0247
Block
1
Lot
1
Lot Code
unknown
Meridian
SEC 23 QTR 12 TWN 029 RNG 24
Municipality
MINNEAPOLIS
Latitude
44.9898
Longitude
-93.2566
FIPS
27053
Mailing Carrier Code
C001
Mailing Street Direction
E
Mailing Full Street Address
1300 E WOODFIELD RD STE 650
Mailing House Number
1300
Mailing Street Mode
RD
Mailing Street
WOODFIELD
Mailing Unit Number
650
Mailing Unit Type
STE
Mailing 4-Digit Zip Code
4930
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2024-04-10 05:02:10
UCID Flag
C
More About The Building
In total, the building area is listed as 515,198 square feet. The building itself has 515,198 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 315 1st Avenue Northeast is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Nicollet Island area have a median price of $1,896. Those in the 25th percentile, have a price around $1,816. While those in the 75th percentile, have a price around $2,698. Typically, the buildings in this area have a median sqft of 859. That means that the median price per sqft is around $3. In other words, the price per sqft for buildings in the 25th percentile is $2. While the price per sqft for buildings in the 75th percentile is $3. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently a total of 5 one bedroom listings. The median price for these types of listings is $1,816. That's $2.61 price per sqft.

  • There are currently a total of 4 two bedroom listings. The median price for these types of listings is $2,718. That's $2.26 price per sqft.

  • There are currently no three bedroom listings being advertised in the area.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
315 1st Avenue Northeast is located in 55413. There are 13,187 people living here. There are 6,332 households. Most of these households have an average family size of 2.83 people. According to the census, 61% are currently renting while 39% own their homes. The median age of this population is around 33.9 years old. On average, most folks in the zipcode are unmarried. About 20% of folks speak a language other than English in this area. The area's employment rate is currently around 71.9%. Speaking of employment, the median income is $52,596. Most folks will commute by car for around 21.5 minutes. Finally, we know that 17% of residents in the area have graduated with their high school degree. Additionally, 31% and 14% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Hennepin County, Minnesota has a population of 1,209,265 people. Based on census records, there are 493,832 registered households. Families in this area are on average made up of 3.09 people per household. Most folks are unmarried. They are also typically around 36.2 years old. Does diversity matter to you? Right now, 17% of folks speak a language other than English here. About 38% rent while 62% purchased their homes. Right now, the community is made up of 18% of residents who have graduated with at least a high school degree. On top of that, 31% have a Bachelor's degree and 17% have a Master's degree. The employment rate is currently around 68.3%. Those employed, have a median income of $67,989. If you move here, you can expect to commute mostly by car for around 23.2 minutes.

Finally, let's take a look at the stats related to Minneapolis - St. Paul, MN - WI Urban Area. The urban area is home to 2,765,726 people. A total of 1,080,214 households are registered here. With average family sizes being listed at 3.15 people. About 20% of residents have graduated with a high school degree. Of the rest, 28% have their Bachelor's and 15% have their Master's degree. Folks speaking a language other than English, make up about 16% of the population. Looking to move to this urban area? You'll need to look forward to commuting by car for around 24.2 minutes. Speaking of your commute, 68.5% of people in this area are employed. The recorded median income is currently at $69,937 per year. The median population age has been listed at 36.1 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 33% of the population while homeowners are at about 67% of the population.
-
Studio Median Rent
$1,816
1BR Median Rent
$2,718
2BR Median Rent
-
3BR Median Rent
PUBLIC TRANSIT
824
University Ave NE & 1st Ave NE (Under 500 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
4
10
17
25
61
1st Ave NE & 4th St NE (Under 500 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
824
University Ave NE & 1st Ave NE (Under 500 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
4
6
10
17
25
61
1st Ave NE & 2nd St NE (630 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
4
10
17
25
61
1st Ave NE & 5th St NE (640 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link

Nearby Schools

(within attendance boundary)
Webster Elementary  •  0.29 mi
425 5th Street Ne, Minneapolis, MN 55413
Public  •  Elementary  •  Grades PK to 5
Minneapolis Public School District
NORTHEAST MIDDLE  •  2.45 mi
2955 Ne Hayes St, Minneapolis, MN 55418
Public  •  Middle School  •  Grades 6 to 8
Minneapolis Public School District
EDISON SENIOR HIGH  •  1.37 mi
700 22nd Ave Ne, Minneapolis, MN 55418
Public  •  High School  •  Grades 9 to 12
Minneapolis Public School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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