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CondominiumResidential
$199,515
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 59How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $512,500 on Jul 24, 2015

408 N 1ST ST

MINNEAPOLIS, MN 55401
Building report
0
Baths
0.5 ac
Lot SizeThe size of the land the home sits on, from county records.
2002
Year BuiltThe year the home was originally built, according to county records.

Valuation

$200K
$117K low$282K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$512,500 · Jul 24, 2015

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$418 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$27,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$8,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$18,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$27,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$27,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyHENNEPIN
Lot (acres)The size of the land the home sits on, from county records.0.50
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Webster Community SchoolD-
Elementary · Grades PK–5 · 0.9 mi
H
Edison High SchoolC
High · Grades 9–12 · 1.8 mi
M
Northeast Community Middle SchoolD
Middle · Grades 6–8 · 3.0 mi

District: Minneapolis Public School District

Neighborhood · ZIP 55401These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.167
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.93
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.13

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.40%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.12,952
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.12,383 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$121,064
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$159,812
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

408 N 1st St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 84% of homes in Hennepin County
  • Has a smaller lot than 89% of homes in Minneapolis 55401
  • Newer than 86% of homes in Hennepin County

What homes are worth in Minneapolis 55401

Each bar is how many homes fall in that price range. The marker is this home.

This home
$26K$1.4M

This home is worth more than 38% of homes in Minneapolis 55401.

How it measures up in Minneapolis 55401

The dot is this home. The mark in the middle is the typical home in Minneapolis 55401.

Estimated value$199,515
CheaperTypical $256,734Pricier

Pricier than 38% of homes nearby

Lot size0.5 ac
SmallerTypical 1.54 acBigger

Bigger than 11% of homes nearby

Year built2002
OlderTypical 2000Newer

Newer than 65% of homes nearby

How 408 N 1st St ranks against every home in each area.
MeasureThis homeNorth LoopMinneapolis 55401Hennepin County
Estimated valuepricier than$199,51530% of homes38% of homes16% of homes
Lot sizebigger than0.5 ac13% of homes11% of homes78% of homes
Year builtnewer than200256% of homes65% of homes86% of homes

About 408 N 1st St

How much is 408 N 1st St, Minneapolis, MN worth?

The TopHap Estimate for 408 N 1st St, Minneapolis, MN is $199,515 as of Aug 30, 2026. The likely range is $117,000 to $282,030. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 408 N 1st St, Minneapolis, MN last sell?

408 N 1st St, Minneapolis, MN last sold on Jul 24, 2015 for $512,500, according to the county's recorded deed. TopHap holds 4 recorded sales for this parcel.

When was 408 N 1st St, Minneapolis, MN built?

408 N 1st St, Minneapolis, MN was built in 2002, making it 24 years old. It is a condo/apartment home.

What schools serve 408 N 1st St, Minneapolis, MN?

408 N 1st St, Minneapolis, MN is assigned to Webster Community School (elementary), rated D-; Edison High School (high), rated C; Northeast Community Middle School (middle), rated D. All sit in Minneapolis Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 408 N 1st St, Minneapolis, MN compare to other homes in Minneapolis 55401?

Among the 5,622 homes in Minneapolis 55401, it is worth more than 38% of them ($199,515 against a typical $256,734), its lot is bigger than 11% of them (0.5 ac against a typical 1.54 ac) and it is newer than 65% of them (2002 against a typical 2000). Measured against all of Hennepin County, it is worth more than 16% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 408 N 1st St, Minneapolis, MN?

The 2025 property tax bill for 408 N 1st St, Minneapolis, MN was $418. The county assessed it at $27,000.

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