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724 Lofts apartments in Minneapolis, MN

Updated

724 Lofts

724 N 1st St, Minneapolis, MN 55401, USA

4.7 (23 reviews) Official Website

Live pricing, refreshed

6
Units Listed
$2,219
Starting at
$2,382
Average
$2,549
Highest
$3.33
Per Sq Ft

How does this compare? View Central Minneapolis rent trends

Rent Distribution

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (8)

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: stated by the property itself
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$104K

$1.2M annual run rate

Est. Occupancy

88%

of about 49 units (reported building size)

Effective Rent on New Leases

$2,419

vs $2,382 current asking

Recent Lease Activity

28 units tracked; 22 assumed leased, 6 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

6

Moderate availability

6 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Available Units

6 units
Studio 005
$2,219/mo
704 ft² · $3.15/ft² · #1
Studio 403
$2,299/mo
707 ft² · $3.25/ft² · #2
Studio 603
$2,349/mo
707 ft² · $3.32/ft² · #6
Studio 408
$2,369/mo
689 ft² · $3.44/ft² · #4
Studio 602
$2,509/mo
730 ft² · $3.44/ft² · #5
Studio 405
$2,549/mo
761 ft² · $3.35/ft² · #3

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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Train activity

Trains close by

Freight line 844 ft away

  • Trains pass infrequently
  • Crossing 844 ft away. Horns expected during the day.
  • Operator: SOO

Why this matters →

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Minneapolis, MN notes

No resident notes for this property yet.

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