RealtyLens
for saleRealtyLens property overview
$425,000

702 N 1st St Unit 312

Minneapolis, MN, 55401
View more Minneapolis, MN property pages
2Beds
1Baths
1,569Sqft
$271$/sqft

Comps

Listing Notes

This is the quiet, end of the hall, corner unit you have been waiting for in the sought after Itasca Lofts in the North Loop. Nicely updated including kitchen and the bath highlighting the exposed brick and wood beams. Two bedrooms, fireplace in the living room and a river valley view make this the perfect loft to call home. Did we mention this unit owns an underground parking space as well! Connected by tunnel, we have that sought after parking spot that makes this property even more special. Top that off with The Loop Coffee shop, Sticks Restaurant and Acme Comedy Club being right in the building. Within walking distance to Target Field, Target Center, US Bank Stadium, Guthrie and other downtown theaters as well as The Stone Arch Bridge and the festivals. Great access to the Grand Rounds trail system where you can bike to various parts of the city-Minnehaha Falls, city parks and lakes, Nicollet Island and more. With your view of View of Mississippi River and parkway and an easy stroll to the River Rats Water Ski Club shows in summer, it is starting to feel like this is the place you should call home.

Market Insights

Below nearby median-20%

$271/sqft vs a nearby median of $337/sqft.

Nearby median$337/sqft
Nearby properties8
Property size1,569 sqft
  • -20% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,569 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$555k$514k$596k · 66% confidence
vs ask $425k−$130k (−30.6%)

Asking price is about 30.6% below the fair value — likely to draw competing offers if it's still on market.

$345/sqft median across 7 tight comps × 1,569 sqft= $541k
  • Pre-war character+$14k +2.5%
Cumulative NYC adjustments+$14k+2.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position-20% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
7 days
Last price change
No change recorded
Listed
May 5, 2026
Photos
50 photos
Property type
condos
Status
for sale
Last sold
Mar 8, 2018 · $360,000
Garage
1 space

Features & Amenities

Central AirOutdoor SpaceParkSecurity FeaturesDishwasherFireplaceHardwood FloorsLake ViewLaundry RoomPets AllowedRecreation FacilitiesRiver ViewViewWasher DryerWater ViewSingle StoryGarage 1 Or MoreUpdated Kitchen

Photos

Price History

May 8, 2026Initial record
$425,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.