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$485,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,430 Sq. Ft.
  • 2 Car Garage
  • Updated 7 days ago
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Welcome to 521 2nd St SE-A Rare Top-Floor Penthouse in the Coveted Flour Sack Flats. This light-filled penthouse offers the perfect blend of modern comfort and urban convenience in one of Minneapolis' most sought-after neighborhoods. Located just two blocks from the iconic Stone Arch Bridge and one block from the lively St. Anthony Main, you'll enjoy unmatched walkability to local restaurants, theaters, and downtown attractions-all while living on the quieter, more residential side of the river. Inside, nearly floor-to-ceiling windows and soaring 20-foot ceilings flood the space with natural light from sunrise to sunset. The open-concept layout is both functional and inviting, featuring a spacious primary suite, a comfortable guest bedroom, and a private balcony perfect for grilling and relaxing. This extraordinary residence boasts two heated underground parking stalls-a true luxury for city living. With only 50 units in this boutique building, you'll find a warm, close-knit community that offers both security and a vibrant lifestyle. Whether you're a professional seeking the energy of city life with a neighborhood feel or a discerning buyer looking for a chic, move-in-ready haven, this penthouse serves as the perfect retreat, offering the best of both worlds.

Full Property Details for 521 2nd St SE #507

General

  • Price: $485,000
  • HOA FEE: $733/month
  • Taxes: $6,946 (2025)
  • Status: Active
  • Type: Condo
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7017951
  • Updated: 2/7/2026
  • Added to Site: 9 day(s) ago

Interior

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Breakfast Bar, Eat-In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
  • Formal Dining Room: Breakfast Bar, Eat In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
  • Laundry: Gas Dryer Hookup, In Unit, Gas Dryer Hookup, In Unit

Additional Information

  • Amenities: Balcony, French Doors, Hardwood Floors, Kitchen Center Island, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Panoramic View, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup
  • Shared Amenities: Common Garden, Elevator(s), Fire Sprinkler System, Security Building

Exterior

  • Porch/Patio/Deck: Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Assigned, Attached Garage, Garage Door Opener, Guest Parking, Heated Garage, Insulated Garage, Parking Garage, Storage, Underground

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Cic 1630 Flour Sack Flats Cond
  • Neighborhood: 50
  • Driving Directions: 4th St. SE or University Av to 6th Ave SE, go South to 2nd Street on the NW corner.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Community

  • Association: Yes
  • Assoc. Name: First Service Residential
  • Assoc. Fees Include: Building Exterior, Controlled Access, Internet, Maintenance Grounds, Parking, Professional Management, Sanitation, Security System, Shared Amenities

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Frame
  • Foundation Size: 1430
  • Roof: Flat
  • Disability Access: Accessible Elevator Installed, Hallways 42"+, No Stairs External, No Stairs Internal
  • Square Feet: 1,430
  • Above Ground: 1,430 Sq. Ft.
  • Year Built: 2006

Additional Structures

  • Other Structures: Gazebo

Lot Features

  • Lot Dimensions: common
  • Frontage: City Street, Curbs, Sidewalks, Street Lights
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks), Corner Lot

Financial Considerations

  • Association Fee: $733
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $6,946
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: CIC NO 1630 FLOUR SACK FLATS CONDO UNIT NO 507
  • Property ID: 2302924410102

Listed by Compass

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— 521 2nd St SE #507 —

  • Compass

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Schools serving 521 2nd St SE #507

School District:Minneapolis Public School District
NameGradesDistance
Webster Elementary
425 5th Street Northeast, Minneapolis, MN 55413
PK-50.8 mi
Northeast Middle School
2955 Hayes Street Northeast, Minneapolis, MN 55418
6-82.7 mi
Edison Senior High School
700 22nd Avenue Northeast, Minneapolis, MN 55418
9-121.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 521 2nd St SE #507 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/06/2026
Listed
$485,000
-1.52%
MLS
2/17/2023
Sold
$492,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 521 2nd St SE #507

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,946
8%
$467,000
-5%
2023
$6,422
4%
$492,000
5%
2023
$6,184
—
$470,000
2%
2023
$6,184
-3%
$461,000
5%
2020
$6,370
1%
$439,500
4%
2019
$6,308
6%
$422,500
7%
2018
$5,928
5%
$394,525
8%
2017
$5,620
-1%
$364,550
3%
2016
$5,649
3%
$354,740
9%
2015
$5,473
-2%
$326,945
5%
2014
$5,593
—
$311,140
—
2013
$5,617
—
$311,140
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Compass

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521 2nd Street SE #507, Minneapolis, MN 55414 (MLS# 7017951) is a Condo property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 521 2nd Street SE #507 is currently listed for $485,000 and was received on February 06, 2026. Want to learn more about 521 2nd Street SE #507? Do you have questions about finding other Condo real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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