Updated
Borealis Apartments
721 N 1st St, Minneapolis, MN 55401
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Pricing by Bedroom
Rent Distribution
Price by Bedroom
Price Breakdown
Rent by Unit
Price vs. Square Footage
Price History
Property Price Trend
Units with Price Changes (32)
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: modeled from how many distinct units we have observed over time
- 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: moderate (building size is modeled).
Est. Monthly Revenue
$765K
$9.2M annual run rate
Modeled estimate
Est. Occupancy
96%
of about 330 units (modeled from leasing activity)
Effective Rent on New Leases
$2,427
vs $2,316 current asking
Recent Lease Activity
55 units tracked; 40 assumed leased, 15 listed nowSee which units leased, when they left the market, and the rent they leased at.
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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
15
Good availability
8 floor plans
Move-in Specials
0
No active promotions
Negotiation Leverage
Some signals suggest room to negotiate, especially if you can be flexible on move-in date.
Price vs. Central Minneapolis
NeighborhoodComparing 11 apartments in Central Minneapolis. Click any bar to view that building.
Available Units
| Unit | Floor Plan | Bed/Bath | Sqft | ↑ Price | $/Sqft | Available | Listed | Details |
|---|---|---|---|---|---|---|---|---|
| 2 | Plan C | 1bd / 1ba | 579 | $1,899 | $3.28 | -- | Pro | |
| 12 | Plan I | 1bd / 1ba | 529 | $1,949 | $3.68 | -- | Pro | |
| 13 | Plan I | 1bd / 1ba | 529 | $1,969 | $3.72 | -- | Pro | |
| 3 | Plan C | 1bd / 1ba | 579 | $1,979 | $3.42 | -- | Pro | |
| 1 | Plan B | 1bd / 1ba | 684 | $2,199 | $3.21 | -- | Pro | |
| 11 | Plan G | 1bd / 1ba | 721 | $2,299 | $3.19 | -- | Pro | |
| 4 | Plan E | 1bd / 1ba | 759 | $2,299 | $3.03 | -- | Pro | |
| 8 | Plan E | 1bd / 1ba | 759 | $2,379 | $3.13 | -- | Pro | |
| 5 | Plan E | 1bd / 1ba | 759 | $2,429 | $3.20 | -- | Pro | |
| 6 | Plan E | 1bd / 1ba | 759 | $2,459 | $3.24 | -- | Pro | |
Unit Details
Train activity
Trains close by
Freight line 761 ft away
- Trains pass infrequently
- Crossing 761 ft away. Horns expected during the day.
- Operator: SOO
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
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