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521 2nd Street SE, 507, Minneapolis, MN 55414

$475,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,430 Status: Pending

Current Price: $475,000 List Date: 2/06/2026 Last Modified: 6/17/2026

Overview

Description

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 ... (Read more)

Listing Details MLS# 7017951

General Property Information

Assoc Mgmt Co. Phone #: 952-277-2700
Association Fee Frequency: Monthly
Association Mgmt Co. Name: First Service Residential
Common Wall: Yes
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: Yes
New Development: No
Waterfront YN: No
Year Built: 2006
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bath Full: Yes
Bath Three Quarters: Yes
Main Floor Total SqFt: 1430
Above Grd Total SqFt: 1430
Total SqFt: 1430
Total Finished Sqft: 1430.00
Style: (CC) High Rise (4+ Levels)
Foundation Size: 1430
Association Fee: 733.31
Garage Stalls: 2
Lot Dimensions: common
Assessment Pending: No
# Carport Spaces: 0
Number of Fireplaces: 0
Acres: 0
Bath Half: 0
Bath Quarter: 0
Below Grd Total SqFt: 0

Property Features

Accessible: Accessible Elevator Installed; Hallways 42"+; No Stairs External; No Stairs Internal Air Conditioning: Central Air Amenities Shared: Common Garden; Elevator(s); Fire Sprinkler System; Security Building Amenities Unit: Balcony; French Doors; Hardwood Floors; Kitchen Center Island; Main Floor Primary Bedroom; Natural Woodwork; Panoramic View; Primary Bedroom Walk-In Closet; Tile Floors; Vaulted Ceiling(s); Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Association Fee Includes: Building Exterior; Controlled Access; Internet; Outside Maintenance; Parking Space; Professional Mgmt; Sanitation; Security System; Shared Amenities Assumable Loan: Not Assumable Basement: None Bath Description: Main Floor 3/4 Bath; Main Floor Full Bath; Full Primary; Bathroom Ensuite; Walk-In Shower Stall Construction Materials: Frame Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room; Living/Dining Room Electric: Circuit Breakers Exterior: Brick/Stone; Metal; Steel Siding Foundation: None Fuel: Electric Heating: Forced Air Laundry: Gas Dryer Hookup; In Unit Lot Description: Corner Lot; Public Transit (w/in 6 blks) Outbuildings: Gazebo Parking Characteristics: Assigned; Garage Door Opener; Heated Garage; Insulated Garage; Storage Road Frontage: City Street; Curbs; Sidewalks; Street Lights Roof: Flat Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Shared Rooms: Sun Room Special Search: All Living Facilities on One Level; Main Floor Bedroom; Main Floor Laundry Stories: One Water: City Water/Connected

Contract Information

Off Market Date: 2026-06-17
Contingency: None
Original List Price: 485000
ListPrice: 475000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 521
Street Name: 2nd
Street Suffix: Street
Street Direction Suffix: SE
Unit Number: 507
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Cic 1630 Flour Sack Flats Cond

Additional Parcels Information

Property ID #2: 2302924410163

Assessments

Tax With Assessments: 6946
Assessment Balance: 0

More Information

Building Information

Finished SqFt Above Ground: 1430

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Stall ID#: 30 & 57
Assigned: Yes
Garage Door Opener: Yes
Heated Garage: Yes
Insulated Garage: Yes
Storage: Yes

Public Survey Info

Range#: 24
Section#: 23
Township#: 29

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: Yes
Legal Description: CIC NO 1630 FLOUR SACK FLATS CONDO UNIT NO 507
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
County Abbreviation: 507
Zip Plus 4: 2368
Property ID Number: 2302924410102
Tax Year: 2025
Tax Amount: 6946
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: 4th St. SE or University Av to 6th Ave SE, go South to 2nd Street on the NW corner.

Accessible

Accessible Elevator Installed: Yes
Hallways 42"+: Yes
No Stairs External: Yes
No Stairs Internal: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

Common Garden: Yes
Elevator(s): Yes
Fire Sprinkler System: Yes
Security Building: Yes

Amenities Unit

Balcony: Yes
French Doors: Yes
Hardwood Floors: Yes
Kitchen Center Island: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Panoramic View: Yes
Primary Bedroom Walk-In Closet: Yes
Tile Floors: Yes
Vaulted Ceiling(s): Yes
Washer/Dryer Hookup: Yes

Appliances

Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Association Fee Includes

Building Exterior: Yes
Controlled Access: Yes
Internet: Yes
Outside Maintenance: Yes
Parking Space: Yes
Professional Mgmt: Yes
Sanitation: Yes
Security System: Yes
Shared Amenities: Yes

Assumable Loan

Not Assumable: Yes

Basement

None: Yes

Bath Description

Main Floor 3/4 Bath: Yes
Main Floor Full Bath: Yes
Full Primary: Yes
Bathroom Ensuite: Yes
Walk-In Shower Stall: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Breakfast Bar: Yes
Eat In Kitchen: Yes
Informal Dining Room: Yes
Kitchen/Dining Room: Yes
Living/Dining Room: Yes

Electric

Circuit Breakers: Yes

Exterior

Brick/Stone: Yes
Metal: Yes
Steel Siding: Yes

Foundation

None: Yes

Fuel

Electric: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

Gas Dryer Hookup: Yes
In Unit: Yes

Lot Description

Corner Lot: Yes
Public Transit (w/in 6 blks): Yes

Outbuildings

Gazebo: Yes

Patio, Porch and Deck Features

Patio: Yes

Restriction/Covenants

Mandatory Owners Assoc: Yes
Pets - Cats Allowed: Yes
Pets - Dogs Allowed: Yes
Rental Restrictions May Apply: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Sidewalks: Yes
Street Lights: Yes

Roof

Flat: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Shared Rooms

Sun Room: Yes

Special Search

All Living Facilities on One Level: Yes
Main Floor Bedroom: Yes
Main Floor Laundry: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Dining Room	14x13	Main
First (1st) Bedroom	18x16	Main
Kitchen	15x11	Main
Living Room	16x11	Main
Second (2nd) Bedroom	10x10	Main

Listing Office: Compass

Last Updated: June - 17 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.