400 N 1st Street #502 - Photo 1
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400 N 1st Street #502
400 N 1st Street #502
400 N 1st Street #502
400 N 1st Street #502
400 N 1st Street #502

400 N 1st Street #502, Minneapolis, MN 55401 - MLS# 7161945

MLS® #: 7161945|Days on Market: 9|Listed: Oct 19, 2026

$274,900

Bedrooms
2
Bathrooms
1
Square Feet
801
Acres
0.433
Year Built
1900
Property Type
Residential
Heating
Natural Gas, Forced Air
Cooling
Central Air
Garages
1
Days on Market
9
School District
1 - Minneapolis

Located on a quiet street in the heart of the North Loop, you are a short walk away from everything you could want on Washington Avenue while having your personal oasis just far enough away from the hustle and bustle – truly the best of both worlds! This 100+ year old converted warehouse is loaded with all the charm and modern comforts you could want. Exposed brick, timber beams, and soaring ceilings – you got it all here! The Kitchen, Bathroom and living area flooring have all been updated – major projects you won’t have to stress about from day one! Most units at Riverwalk Lofts do not have an in-unit Washer + Dryer and have to share the community laundry room on each floor. Not for you though, this unit has its own Washer + Dryer combo so you will never have to wait for your neighbor to finish washing their clothes! If you like to bike, walk, or run you will love the Cedar Lake and Mississippi Trails – both are a couple minutes away on bike and less than 10 minutes walking. Exceptional Restaurants and Coffee Shops are not in short supply here either. Make sure to check out the Virtual Home Tour and come see for yourself – book your private tour today!

400 N 1st Street #502, Minneapolis, MN 55401

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Interior Information

AppliancesAir-To-Air Exchanger, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
CoolingCentral Air
HeatingForced Air
FuelNatural Gas
Dining RoomBreakfast Bar, Breakfast Area, Eat In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
ElectricCircuit Breakers
AccessibilityAccessible Elevator Installed

Size & Levels

LevelsOne
Total Finished Sq Ft801 sq ft
Above Grade Finished801 sq ft
Main Level Finished801 sq ft

Bathrooms

Full Baths1
Bathroom DetailsMain Floor Full Bath

Rooms

Other Rooms

Living Room16' x 10'
Dining Room9' x 8'
Kitchen10' x 10'
Bedroom16' x 11'
Bedroom 28'5" x 8'5"

Exterior & Parking

ExteriorStone
ConstructionBrick
FoundationBrick/Mortar
Garage Stalls1
ParkingParking Garage

Lot & Utilities

Property Subtype(CC) High Rise (4+ Levels)
Lot Size0.433 acres
ZoningResidential-Single Family
SubdivisionRiverwalk Lofts
TownshipMinneapolis
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected

Homeowners Association

Association Fee$647 / month
AssociationGassen
Assessment PendingNo
Fee IncludesBuilding Exterior, Cable TV, Controlled Access, Gas, Hazard Insurance, Heating, Internet, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Sanitation, Sewer, Snow Removal, Water

Financial & Tax Information

Annual Taxes$3,164
Tax Year2026
Tax w/ Assessments$3,164
Assessment PendingNo
Parcel Number2202924140605
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 2010-2019, about 27% of occupied homes are owner-occupied, and the average commute is 15 minutes.

Cost of Ownership

Median home value

$421,300

Higher than the Minneapolis median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$4,773/yr

Higher than the Minneapolis median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$2,768/mo

Higher than the Minneapolis median

Median monthly housing costs for owners with a mortgage.

Median rent

$2,140/mo

Higher than the Minneapolis median

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

27%

Lower than Minneapolis overall

The share of occupied homes lived in by their owners.

Median year built

2007

Similar to the Minneapolis median

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 2020 or later13%
  • 2010-201934%
  • 2000-200914%
  • 1990-19999%
  • 1939 or earlier26%

Types of homes

The share of housing units in each building type.

  • Townhome / attached3%
  • 5+ units90%

Getting Around

Average commute

15 min

Lower than the Minneapolis median

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone43%
  • Walk or bike16%
  • Work from home36%

Homes with broadband

89%

Similar than Minneapolis overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Minneapolis Public School District

This home is in the Webster Elementary, Northeast Middle and Edison High attendance areas of Minneapolis Public School District.

Elementary

Webster Elementary

Grades PK-5 · 0.9 mi away

Enrollment
276
Students per teacher
9.9

425 5th Street NE, Minneapolis, MN 55413

(612) 668-1210

Middle

Northeast Middle

Grades 6-8 · 3 mi away

Enrollment
541
Students per teacher
14.2

2955 NE Hayes St, Minneapolis, MN 55418

(612) 668-1500

High

Edison High

Grades 9-12 · 1.8 mi away

Enrollment
865
Students per teacher
13.5

700 22nd Ave NE, Minneapolis, MN 55418

(612) 668-1300

School assignments can change. Verify enrollment with Minneapolis Public School District.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

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Listed by: DRG
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.