Welcome to your very own downtown condo! This charming 2-bedroom, 1-bathroom condo spans 988 square feet of comfortable living space, perfect for those seeking both a cozy home or a solid rental income potential.
The thoughtfully designed layout maximizes every square foot, featuring a spacious primary bedroom and additional bedroom ideal for guests or a home office. The single bathroom serves the unit efficiently, while the open living areas create a welcoming atmosphere that you or your tenants will love.
Location is everything, and this property delivers. You're just steps away from convenient public transportation at the nearby bus station, making commutes effortless. Grocery shopping is a breeze with stores close by, while Rochester Parks and Recreation offers endless outdoor activities and green spaces for relaxation.
The downtown setting provides excellent walkability and access to Rochester's vibrant dining, entertainment, and cultural scene.
This condo represents an excellent entry point into Rochester's real estate market. Whether you're a first-time investor, expanding your portfolio, or needing a place to call "home", the combination of prime location, reasonable size, and strong rental demand makes this property a smart financial move. Don't miss this opportunity to own in one of Rochester's most desirable neighborhoods.
Closed
$85,000
728 1st Ave SW APT 401, Rochester, MN 55902
2beds
988sqft
High Rise
Built in 1979
-- sqft lot
$85,900 Zestimate®
$86/sqft
$1,501 Estimated rent
Home value
$85,900
$78,000 - $94,000
$1,501/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 10:23pm
Listed by:
Luke Ihde 507-272-7960,
Homes Plus Realty
Bought with:
Matt Ulland
Re/Max Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6757106
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Bedroom 2
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Bathroom
- Level: Main
Dining room
- Level: Main
- Area: 80 Square Feet
- Dimensions: 8x10
Kitchen
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Living room
- Level: Main
- Area: 238 Square Feet
- Dimensions: 14x17
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 988
- Total interior livable area: 988 sqft
- Finished area above ground: 988
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Covered, Guest
- Carport spaces: 1
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
- Waterfront features: River Front, River View
Lot
- Size: 1,001 sqft
Details
- Foundation area: 988
- Parcel number: 640214025309
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: Condo
- Property subtype: High Rise
- Attached to another structure: Yes
Materials
- Concrete, Frame
- Roof: Flat
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Rochester Public Utilities
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Security
- Security features: Fire Sprinkler System
Location
- Region: Rochester
- Subdivision: 728 First Ave Sw
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $275 monthly
- Amenities included: Elevator(s), Fire Sprinkler System, Lobby Entrance
- Services included: Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Sewer, Snow Removal, Water
- Association name: Infinity Real Estate and Management
- Association phone: 507-550-1052
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/4/2026 | Listing removed | $1,495$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/31/2025 | Price change | $1,495-6.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/23/2025 | Price change | $1,595-5.9%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/16/2025 | Listed for rent | $1,695$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/15/2025 | Sold | $85,000-14.9%$86/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6757106 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,858 +11% | $133,400 +0.4% |
| 2024 | $1,674 | $132,900 |
| 2023 | -- | $132,900 +5.1% |
Find assessor info on the county website
Neighborhood: Historic Southwest
Nearby schools
GreatSchools rating
- 8/10Folwell Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 9/10Mayo Senior High SchoolGrades: 8-12Distance: 1.2 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Folwell
- Middle: John Adams
- High: Mayo
Source: NorthstarMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value$85,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$85,900