See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

2885 Knox Ave S APT 502, Minneapolis, MN, 55408

2beds
2baths
1,497sqft
$499,900
$334price/sqft
$3,701/moest. monthly cost
$148,040/yrincome needed

About This Home

Views of Lake of the Isles from your updated kitchen, a large outdoor balcony to enjoy the seasons, and a spacious layout with just under 1,500 square feet – this special home has it all! Every window has a view of trees or the lake giving the space a tranquil feeling that is hard to find in a Minneapolis Condo. This is a corner unit, so you have one less neighbor and an extra wall of windows bringing in more light. Flooring and Washer/Dryer were replaced in 2026 and ready for you on move in day! This location give you the best of both worlds with nature and the city all in one perfect spot. Walking and Biking Trails along the chain of lakes are right out your front door. Great restaurants, coffee shops, and grocery stores are all just a short walk away. Come see for yourself and book your private tour today!

Getting Around

86
WalkingVery Walkable
59
TransitGood Transit
90
BikeBiker's Paradise

Schools

6/10
3/10
North Academy Senior HighGrades 9-123.1 mi

Construction

Condition

  • Year built: 1979

Type & Style

  • Home type: Condo
  • Property subType: (CC) High Rise (4+ Levels)

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Dryer,Exhaust Fan,Microwave,Refrigerator,Wall Oven,Washer

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 210
  • Dimensions: 15x14

Bedroom2

  • Level: Main
  • Area: 168
  • Dimensions: 14x12

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • 3/4 bathrooms: 2

Dining Room

  • Level: Main
  • Area: 160
  • Dimensions: 16x10

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,497

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,497
  • Total interior livable area: 1,497 sqft

Kitchen

  • Level: Main
  • Area: 143
  • Dimensions: 13x11

Living Room

  • Level: Main
  • Area: 216
  • Dimensions: 18x12

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed,No Stairs External,No Stairs Internal

Details

  • Parcel number: 3302924330176
  • Attached to another structure: Yes
  • Zoning description: Residential-Multi-Family
  • Foundation area: 1734

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.46 Acres
  • Lot size dimensions: 100 x 199

Parking

  • Total spaces: 2
  • Parking features: Assigned,Attached,Insulated Garage,Underground,Open
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Tornado

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,527$30,324
Home Insurance *$381$4,572
Property Taxes $623$7,476
Electricity $170$2,050
Total$3,701$44,412
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$126,891/yr
40% on housing$111,030/yr
45% on housing$98,693/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$334This listing

vs Other Active Listings

Avg $/sqft

ZIP 55408$162
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55408$255
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-06Price change$499,900
2026-07-31Listed for rent$2,495
2026-07-31Listing removed$2,495
2026-07-30Listed for rent$2,495
2025-09-16Listing removed$2,350
2025-08-24Listed for rent$2,350
2024-09-03Price change$625,000
2024-07-10Price change$675,000
2024-03-05Listed for sale$710,000
2023-09-30Listing removed--
2023-05-15Price change$750,000
2022-10-26Price change$800,000
2022-10-07Listed for sale$825,000
2018-06-01Sold$722,250
2018-03-09Price change$750,000
2018-01-30Listed for sale$775,000
2007-08-10Sold$295,000

For Sale by Agent

AgentZach Olson
BrokerageDRG

Similar Homes