505 River Street, Minneapolis, MN 55401

Warehouse District, Central Minneapolis, Minneapolis
Building in Warehouse District
2 Stories
Built in 1998
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Welcome to 505 River Street, a building located in Warehouse District, Central Minneapolis, 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 1998. There are a total of 2 floors. Finally, 505 River Street was most recently sold on Jan 25, 2018 for $890,000. The market value for the land that the building sits on has been listed at $375,000. In addition, improvements upon the building have an added value of $506,000. In total, the total market value of the property as a whole is $881,000. According to local assessors, the total value of the building is currently valued at $881,000. Specifically, the value of the land that the property sits on has been assessed at $375,000. 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. Are you a fan of fireplaces? Good news! This property has one single fireplace. 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
1998
Effective Year Built
1998
Total Rooms
7
Bedroom Count
2
Bathroom Count
4
Full Bathrooms
4
Partial Bathrooms
4
Building Condition
Average
Building Quality
B
Construction Type
Wood
Building Style
Townhouse
Exterior Walls Type
Stucco
Interior Walls Type
unknown
Roof Shape Type
Gable
Roof Cover Type
Asphalt
Floor Count
2
Floor Cover
unknown
Basement Type
Unspecified basement
Basement Area
980
Garage Type
Attached
Parking Space Count
2
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
SAWMILL RUN 4TH
Land Acres
0.08
Standard Land Use Code
Townhouse (residential)
County Land Use Code
unknown
Legal Description 1
003 001 SAWMILL RUN 4TH SE 28 X 120
Ownership
Current Owner
KELLY KRISTIN
Current Owner's Name
KNIGHT KRISTIN
Current Owner 2
KNIGHT JAMAL
Current Owner 2's Name
KNIGHT JAMAL
Previous Owner
SONSTENG JOHN O
Previous Owner's Name
LANDINGS DEVELOPMENT CORP
Previous Owner 2
SONSTENG DIANE M
Owner Address - City
MINNEAPOLIS
Owner Address - State
MN
Owner Address - ZIP Code
55401
Owner First Name
KRISTIN
Owner Last Name
KNIGHT
Second Owner First Name
JAMAL
Second Owner Last Name
KNIGHT
Owner Before Previous Owner
MINNEAPOLIS COMMUNITY DEVELOPMENT AGENCY
Is Owner Occupied
Owner-occupied property
Neighborhood
School District Name
Minneapolis Public School District
School Tax School District
MINNEAPOLIS
Census Tract
126202
Census Block Code
4003
Census Group
4
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
270531262024003
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
126202
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
R6
Geography
Assessors Map Reference
MB:06806
District
01
Parcel
22-029-24-11-0060
Block
1
Lot
3
Lot Code
unknown
Meridian
SEC 22 QTR 11 TWN 029 RNG 24
Municipality
MINNEAPOLIS
Latitude
44.989
Longitude
-93.2716
FIPS
27053
Mailing Carrier Code
C010
Mailing Full Street Address
505 RIVER ST
Mailing House Number
505
Mailing Street Mode
ST
Mailing Street
RIVER
Mailing 4-Digit Zip Code
2512
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2024-04-10 04:47:55
UCID Flag
C
More About The Building
In total, the building area is listed as 2,597 square feet. The depth of the property lot was measured at 1,200 square feet and the front at 280 square feet. 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 505 River Street 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 Warehouse District area have a median price of $2,195. Those in the 25th percentile, have a price around $1,950. While those in the 75th percentile, have a price around $2,790. Typically, the buildings in this area have a median sqft of 937. 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 is currently one advertised studio listing.
  • There are currently a total of 7 one bedroom listings. The median price for these types of listings is $2,074. That's $2.70 price per sqft.

  • There are currently a total of 7 two bedroom listings. The median price for these types of listings is $2,790. That's $2.56 price per sqft.

  • There are currently a total of 2 three bedroom listings. The median price for these types of listings is $5,580. That's $2.66 price per sqft.

  • There are currently no four bedroom listings being advertised in the area.
About The Area
505 River Street is located in 55401. There are 7,909 people living here. There are 5,122 households. Most of these households have an average family size of 2.18 people. According to the census, 56% are currently renting while 44% own their homes. The median age of this population is around 34.4 years old. On average, most folks in the zipcode are unmarried. About 17% of folks speak a language other than English in this area. The area's employment rate is currently around 82.7%. Speaking of employment, the median income is $88,981. Most folks will commute by car for around 20.6 minutes. Finally, we know that 6% of residents in the area have graduated with their high school degree. Additionally, 44% and 32% 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
$2,074
1BR Median Rent
$2,790
2BR Median Rent
$5,580
3BR Median Rent
PUBLIC TRANSIT
7
1st St N & Creamette Lofts (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
7
1st St N & #515 (510 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
7
1st St N & #620 (720 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
7
1st St N & 4th Ave N (730 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
7
1st St N & 4th Ave N (770 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  •  0.82 mi
425 5th Street Ne, Minneapolis, MN 55413
Public  •  Elementary  •  Grades PK to 5
Minneapolis Public School District
NORTHEAST MIDDLE  •  2.91 mi
2955 Ne Hayes St, Minneapolis, MN 55418
Public  •  Middle School  •  Grades 6 to 8
Minneapolis Public School District
EDISON SENIOR HIGH  •  1.71 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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