Lori Gustafson

740 Portland Avenue # 1614

Minneapolis, MN
$ 895,000 Beds 4 Baths 4 Sq 3,175 Virtual Tour
Monthly Estimate* How much can I afford?

Positioned high above downtown in the iconic Portland Tower, this rare corner penthouse delivers over 3,100 square feet of elevated living with unmatched city views. Originally two separate units, the space has been seamlessly combined to create a wide-open, thoughtfully designed layout that feels both expansive and refined. The home is built for both comfort and entertaining, featuring a beautifully designed kitchen, multiple dining areas, and a sun-filled living space surrounded by floor-to-ceiling windows. You’ll find three bedrooms plus a versatile den, along with a standout primary suite offering a spacious walk-in closet and a well-appointed private bath. Throughout the unit, you’ll notice details like a west-facing bar area, in-unit laundry, four bathrooms, and two private balconies that bring the outdoors in. The property also includes two heated underground parking stalls and two generous storage units. Residents of Portland Tower enjoy a full suite of amenities, including a fitness center, community lounge, rooftop deck with fire features, and a pet-friendly environment with a designated relief area. Guest parking is also available for added convenience. Located directly across from skyway access and just minutes from all of the main sports arenas, this is downtown living at its finest.

Single Family

  • Price
  • $ 895,000
  • City
  • Minneapolis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 4
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Cic 2028 Portland Tower Condo
  • Lot Size
  • 0.625 Acres
  • Zip
  • 55415
  • Sqr Footage
  • 3,175
  • Year Built
  • 2016
  • Taxes
  • $ 16886
  • Style
  • (CC) High Rise (4+ Levels)
  • MLS#
  • 7061385
Listed By: Compass
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 3175
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Flat
Appliances Cooktop,Dishwasher,Disposal,Dryer,Exhaust Fan,Microwave,Refrigerator,Stainless Steel Appliances,Wall Oven,Washer
HOA Fee 1880.02
Garage Spaces 2
Association Fee Includes Air Conditioning,Building Exterior,Cable TV,Gas,Hazard Insurance,Heating,Internet,Maintenance Grounds,Parking,Professional Mgmt,Sanitation,Sewer,Shared Amenities,Snow Removal,Water
Pool Features None
Year Built 2016
Electric Circuit Breakers
Levels More Than 2 Stories
Unit Number 1614
Property Subtype (CC) High Rise (4+ Levels)
Tax Year 2026
Accessibility Doors 36 +,Accessible Elevator Installed,Hallways 42 +,Door Lever Handles,No Stairs Internal,Smart Technology
Assoc Fee Paid Per Monthly
County Hennepin
New Construction No
Property Type Residential
Association Amenities Concrete Floors & Walls,Elevator(s),In-Ground Sprinkler System
HOA Yes
Contingency None
Subdivision Name Cic 2028 Portland Tower Condo
Full Baths 2
Directions Central Ave SW (turns into 3rd Ave),SE onto S 8th St to Portland Ave.
City Minneapolis
Association Name First Service Residential
High School District Minneapolis
Zoning Description Residential-Multi-Family
Lot Size Units Acres
Property Attached Y/N Yes
Land Lease Y/N No
Tax Annual Amount 16886.24
Additional Parcels Y/N No
Virtual Tour https://www.zillow.com/view-imx/8f06d06e-1d51-45d2-bc4d-7e974babba02?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Standard Status Active
Lender Owned No
Amenities Unit Balcony,Cable,City View,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Paneled Doors,Panoramic View,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hooku
PostalCity Minneapolis

Interior Features

Basement None
Total Fireplaces 1
Fireplace Features Decorative,Electric,Living Room
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 3175
3/4 Baths 2
Laundry Features Laundry Closet,Main Level,In Unit,Washer Hookup
Total Bedrooms 4
Total Baths 4
Bath Desc Double Sink,Main Floor 3/4 Bath,Main Floor Full Bath,Walk-In Shower Stall
Dining Room Description Eat In Kitchen,Informal Dining Room
Fuel Natural Gas

Exterior Features

Fencing None
Parking Features Assigned,Garage Door Opener,Heated Garage,Underground
Lot Features Public Transit (w/in 6 blks),Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.625
Building Area Total 3175
Lot Dimensions Common
Waterfront Y/N No
Foundation Area 3175
Road Frontage Type City Street,Curbs,Paved Streets,Sidewalks,Street Lights
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/28/2026 Listed $950,000
6/28/2026 3% - $925,000
8/25/2026 4% - $895,000

Property vs Zip Code Average in 55415

Price
AVG $640K
$900K
Taxes
AVG $9,401
$16,886
Year Built
AVG 1986
2016
Visits
AVG 155
302
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

740 Portland Avenue # 1614 Minneapolis, MN is a Single Family Home for sale at $895000 with 3175 sqft and a lot size of 0.625 Acres Acre(s). 740 Portland Avenue # 1614 Minneapolis has 4 bedrooms, 4 baths and was built in 2016. The property's zip code is 55415 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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