$765,000
($86,367 down)1240 S 2nd Street UNIT 701, Minneapolis, MN 55415
PITI Monthly
Listing courtesy of: , RE/MAX Results
Assumed Rate
2.83%
7.15%Principal & Interest
$3,095 /mo
$5,068 /moWhat's Special
Welcome to 1240 2nd Street South #701, the largest 2-bedroom floor plan in The Legacy. This exquisite condo offers a perfect blend of contemporary elegance and open space, bathed in natural light from its expansive south and east-facing windows. Step inside to discover upgraded cabinetry, sleek tile accents, and the warmth of real wood floors throughout. The gourmet kitchen boasts stunning granite countertops, making it ideal for both cooking and entertaining. Custom paint, contemporary lighting, and stylish plumbing fixtures add a touch of sophistication to every corner of your new home. With its spacious layout and abundance of natural light, this condo is a prime opportunity for both comfortable living and investment in the heart of Downtown Minneapolis. Don’t miss your chance to acquire this exceptional property!
Assumption Snapshot
Type of Loan
VA
Interest Rate
2.83
Remaining Loan Term
25 years, 9 months
Monthly PITI
$3,946.84/mo
Estimated Loan Balance
$683,096
Cash to close
$86,367
Interest Paid
$86,108
Facts & Features
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Cooling & Heating
- Cooling: Central Air
- Heating: Baseboard, Forced Air
Features
- Materials: Brick/Stone, Metal Siding
- Community: Unknown
- Has Fireplace: No
- Fireplace Features: Unknown
- Flooring: Unknown
Exterior
Fencing
- Fencing: Unknown
Roof
- Roof: Unknown
Parking
- Garage: Yes
- Garage Spaces: 2
- Carport: No
- Carport Spaces:
Water
- Sewer: City Sewer/Connected
- Water Source: City Water/Connected
Pool
- Has Pool: No
- Pool Features: Unknown
Construction
Type & Style
- Stories:
- Home type: High Rise
- Architectural Style: Unknown
Materials
- Brick/Stone, Metal Siding
- Roof: Unknown
Condition
- Year Built: 2017
Details
- Builder:
Community & HOA
Community
- Subdivision: Cic 2057 Legacy Lofts A Condo
- Features: Doors 36"+, Accessible Elevator Installed, Hallways 42"+, Door Lever Handles, No Stairs Internal, Soaking Tub
HOA
- Has HOA: Yes
- HOA Name: First Service Residential
- HOA Amenities: Unknown
- HOA Fee: $1078
- HOA Frequency: $Monthly
Location
- Region: Minneapolis
Financial Details
- Price per Sqft: $400.73
- Tax Annual Amount: $7619
- On Market Date: 2025-04-24T00:00:00.000Z
Inquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $86,367!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
MLS ID: NST6708500
Listing From: northstar
Last updated: 2025-05-01T10:05:12.000Z
© , northstar. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.
Assumed Rate
2.83%
7.15%Principal & Interest
$3,095 /mo
$5,068 /moInquire about this property
We will reach out to you with more details
Fill out an application to explore financing options for assuming this loan.
Apply nowSavings Calculator
You cover the entire equity of $86,367!
Enter a smaller amount if you prefer to use secondary financing.
Loan Breakdown
Assumed vs Traditional Mortgage
*Secondary financing rates are an estimated value based on input
Follow Us
Agent/Broker
Jeff KlemmerExit Realty(651) 600-7997assumptions@exitspringside.comMLS #40195899Resources
Apply to Assume© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than Exit Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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