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3131 Excelsior Blvd APT 113, Minneapolis, MN, 55416

1beds
1baths
790sqft
$169,900
$215price/sqft
$1,438/moest. monthly cost
$57,520/yrincome needed

About This Home

Located in one of the most walkable and vibrant pockets of the city, this beautifully updated first floor condo at offers the perfect blend of convenience, style, and urban living. Just steps from some of the area’s most beloved restaurants, coffee shops, and entertainment. My favorite nights are walking across the street to Portal for a sauna+cold plunge then over to Wakame sushi. You'll also love being steps from Bde Maka Ska. Enjoy the beaches, paddle board during sunset or cruise the paths along the lake. This seriously is a dream spot. Inside, the condo features a freshly painted interior and an updated kitchen that opens seamlessly into the spacious living area, creating an ideal layout for both everyday living and entertaining. The open concept design allows for great natural flow and functionality throughout the home. Convenience continues with this desirable first floor location, situated just inside the building entrance from the unit’s dedicated parking space, making daily living and unloading groceries exceptionally easy. Whether you’re looking for low-maintenance living, unbeatable walkability, or a move-in-ready home in a prime location, this condo checks every box.

Getting Around

77
WalkingVery Walkable
47
TransitSome Transit
79
BikeVery Bikeable

Schools

6/10
3/10
North Academy Senior HighGrades 9-123.5 mi

Construction

Condition

  • Year built: 1987

Materials

  • Roof: Flat

Type & Style

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

Interior

Appliances

  • Laundry features: Coin-op Laundry Leased

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 165
  • Dimensions: 15x11

Bedroom2

  • Level: Main

Bedroom3

  • Level: Main

Bedroom4

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Main

Family Room

  • Level: Main

Features

  • Finished area below ground: 0
  • Finished area above ground: 790

Heating & Cooling

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

Interior Area

  • Total structure area: 790
  • Total interior livable area: 790 sqft

Kitchen

  • Level: Main
  • Area: 77
  • Dimensions: 11x7

Living Room

  • Level: Main
  • Area: 360
  • Dimensions: 24x15

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0502824210250
  • Attached to another structure: Yes
  • Zoning description: Residential-Single Family
  • Foundation area: 790

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 1.01 Acres
  • Lot size dimensions: common

Parking

  • Total spaces: 1
  • Parking features: Underground
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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 WaveRelatively High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Tornado
Heat Wave
Strong Wind
Winter Weather

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 $859$10,308
Home Insurance *$111$1,332
Property Taxes $298$3,576
Electricity $170$2,050
Total$1,438$17,256
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$49,302/yr
40% on housing$43,140/yr
45% on housing$38,346/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

$215This listing

vs Other Active Listings

Avg $/sqft

ZIP 55416$232
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55416$245
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
2026-07-06Price change$169,900
2026-06-17Price change$174,000
2026-05-20Listed for sale$179,000
2021-06-30Sold$175,000
2021-06-02Pending sale$175,000
2021-05-23Listing removed--
2021-05-21Listed for sale$175,000
2020-05-05Listing removed$165,000
2020-04-16Listed for sale$165,000
2020-03-13Pending sale$165,000
2020-03-04Listed for sale$165,000
2016-05-25Sold$105,000
2016-04-14Pending sale$124,900
2016-03-23Price change$124,900
2015-12-30Price change$132,000
2015-11-24Listed for sale$139,000
2015-04-30Sold$162,808
2008-11-07Sold$159,000
2003-12-08Sold$96,500

For Sale by Agent

AgentDrew Hoefler
BrokerageSide by Side Realty LLC

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