Industrial / Loft home in 607 Washington Ave S #202 Minneapolis, MN
Set in Minneapolis, MN, this Industrial condo provides 1 bedroom and 1 bathroom across 1,090 square feet. The Industrial styling carries through the home's design.
| Price | $364,999 |
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| Beds | 1 |
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| Baths | 1 |
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| Sqft | 1090 |
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| Architectural style | Industrial / Loft (99% match) |
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| Address | 607 Washington Ave S #202 Minneapolis, MN 55415 |
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Why buy this home
- Confirmed Industrial / Loft architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced above comparable homes.
- The median for 50 similar Industrial / Loft homes in Minneapolis, MN is $365K.
- That works out to $335 per square foot, 2% above the $328 comparable rate.
| This home | $364,999 |
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| Industrial / Loft median in Minneapolis, MN | $365,000 (50 homes) |
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| Price per sq ft | $335 vs. $328 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,472/month with 20% down at a 7.28% 30-year fixed rate. You would need about $105,960 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,998/mo |
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| Property tax (new-buyer reassessed rate) | $338/mo |
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| Homeowners insurance | $137/mo |
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| Total monthly | $2,472/mo |
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| Down payment (20%) | $73,000 |
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| Income needed | $105,960/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home D (49 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | D (49/100) |
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| Beats renting in | 5% of modeled paths |
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| Modeled 5-yr equity (median) | $140,650 |
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| Range (10th to 90th pct) | $72,967 to $217,847 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Minneapolis, MN where local data is thin.
Local home values
Typical home values in Minneapolis, MN have risen about 11% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto