1401 Summit Ave
Minneapolis, MN 55403
3 bd 5 ba 3,231 sqft Built 1909 Lot 18,901 sqft condo
Most recent sale
$550,000
Sep 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 7, 2022 | Sold | $550,000 | Public Record |
| Sep 6, 2022 | Sold | $550,000 | MLS #6143598 |
| Jun 3, 2022 | Price changed | $562,000 | MLS #6143598 |
| Mar 11, 2022 | Price changed | $575,000 | MLS #6143598 |
| Jan 19, 2022 | Listed | $595,000 | MLS #6143598 |
| Dec 14, 2021 | Listing removed | $625,000 | NorthstarMLS |
| Sep 30, 2021 | Price changed | $625,000 | MLS #5731837 |
| Aug 31, 2021 | Price changed | $639,000 | MLS #5731837 |
| Aug 6, 2021 | Price changed | $649,000 | MLS #5731837 |
| Jul 1, 2021 | Price changed | $665,000 | MLS #5731837 |
| Jun 17, 2021 | Price changed | $675,000 | MLS #5731837 |
| Apr 1, 2021 | Listed | $695,000 | MLS #5731837 |
| Mar 23, 2021 | Listing removed | $719,900 | NorthstarMLS |
| Jan 14, 2021 | Price changed | $719,900 | MLS #5563850 |
| Oct 27, 2020 | Price changed | $735,000 | MLS #5563850 |
| Sep 2, 2020 | Price changed | $750,000 | MLS #5563850 |
| Jul 10, 2020 | Listed | $775,000 | MLS #5563850 |
| Feb 19, 2020 | Listing removed | $799,900 | NorthstarMLS |
| Feb 2, 2020 | Price changed | $799,900 | MLS #5291393 |
| Oct 22, 2019 | Listed | $809,900 | MLS #5291393 |
| Nov 15, 1999 | Sold | $540,000 | Public Record |
| Apr 18, 1995 | Sold | $395,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $495,000 | $145,000 | $640,000 | $9,956 |
| 2024 | $512,000 | $155,000 | $667,000 | $9,180 |
| 2023 | $505,000 | $155,000 | $660,000 | $9,142 |
| 2022 | $486,000 | $155,000 | $641,000 | $9,323 |
| 2021 | $470,400 | $170,600 | $641,000 | $9,002 |
| 2020 | $470,400 | $170,600 | $641,000 | $9,745 |
| 2019 | $401,900 | $170,600 | $572,500 | $8,784 |
| 2018 | $364,400 | $170,600 | $535,000 | $8,155 |
| 2017 | $331,400 | $155,100 | $486,500 | $7,488 |
| 2016 | $348,900 | $155,100 | $504,000 | $8,018 |
| 2015 | $324,900 | $155,100 | $480,000 | $7,995 |
| 2014 | $336,800 | $143,200 | $480,000 | $8,576 |
| 2013 | $375,700 | $119,300 | $495,000 | $8,883 |
| 2012 | $430,700 | $119,300 | $550,000 | $9,803 |
| 2011 | $430,700 | $119,300 | $550,000 | $9,351 |
| 2010 | $814,200 | $119,300 | $933,500 | $14,978 |
| 2009 | $814,200 | $119,300 | $933,500 | $15,134 |
| 2008 | $814,200 | $119,300 | $933,500 | $13,618 |
| 2007 | $719,300 | $105,400 | $824,700 | $12,169 |
Property facts
Year built
1909
Property type
condo
Stories
2
Beds
3
Baths
5
Living area
3,231 sqft
Lot size
18,901 sqft
ZIP code
55403
City
Minneapolis
Street
Summit Ave
Coordinates
44.96516, -93.29727
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,847
Gross rental yield
10.58%
Implied cap rate
6.87%
Trend-extrapolated value
—
Frequently asked questions
When did 1401 Summit Ave last sell?
1401 Summit Ave most recently sold on Sep 6, 2022 for $550,000.
What is the current tax assessment for 1401 Summit Ave?
The most recent total assessment for 1401 Summit Ave (year 2025) is $640,000 with $9,956 in property tax.
How does 1401 Summit Ave's assessment compare to its last sale price?
The current assessment is 16.4% above the last sale price of $550,000.
When was 1401 Summit Ave built?
1401 Summit Ave was built in 1909.
How does 1401 Summit Ave compare to others on Summit Ave?
We track 3 other properties on Summit Ave. Browse the list under "Other properties on Summit Ave" to compare beds, baths, and sale history.
What are the property facts for 1401 Summit Ave?
1401 Summit Ave is a 3 bed, 5 bath, 3,231 sqft, 18,901 sqft lot condo.
Is 1401 Summit Ave a flip candidate?
No — 1401 Summit Ave does not appear in our flips dataset.
Is 1401 Summit Ave a tax-appeal candidate?
Yes — 1401 Summit Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.7%
Implied 1-yr
-3.0%
2026 Q3
$391K
2026 Q4
$388K
ZIP 55403 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summit Ave