Lori Gustafson

16 Grove Street # 16b

Minneapolis, MN
$ 549,900 Beds 2 Baths 1.5 Sq 1,550
Monthly Estimate* How much can I afford?

Homes on Nicollet Island seldom come to market, and end-unit residences at Grove Street Flats are rarer still. Set in an 1877 Second Empire row house surrounded by the Mississippi River, parkland and walking trails, yet minutes from downtown, this home offers what cannot be built new: history, setting and light. The end-unit position is the difference. Twelve windows and multiple exposures fill the home with natural light from morning to evening, something the interior units cannot match. The main level features refinished hardwood floors, original woodwork and tall ceilings. A brick fireplace anchors the living room, and a curved bay window frames the dining room. The kitchen offers white cabinetry, a gas cooktop, new hexagon tile flooring and an island with a new butcher block top: fully functional today, and ready for whatever remodel the next owner has in mind. A half bath completes the main level. The lower level includes two bedrooms, a full bath with classic white subway tile and hex mosaic floor, and in-unit laundry. The second bedroom works well as an office or study. New luxury vinyl plank flooring runs through most of the lower level, with additional matching flooring and paint on site for the remaining areas. From here, step directly out to a private, fenced garden patio, a true rarity in a historic condominium and a welcome feature for pet owners. An unfinished limestone basement below provides storage and houses the mechanicals. The owners have completed the groundwork, including refinished hardwoods, new flooring, fresh paint and new trim. What remains is the rewarding part: a kitchen refresh, new bath vanities and flooring in two rooms. This is a rare chance to put your own stamp on a landmark home. Equipped with central air, forced-air gas heat, and an assigned garage stall, the property is supported by an association that handles exterior maintenance, utilities (water/sewer), snow removal, lawn care, and insurance. Pets are welcome. Nicollet Island Park, the river trails, St. Anthony Main, the Stone Arch Bridge, East Hennepin and downtown are all just outside your door. Finishes can be changed. The setting, the architecture and the light cannot.

Single Family

  • Price
  • $ 549,900
  • City
  • Minneapolis
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • GROVE STREET FLATS
  • Lot Size
  • Zip
  • 55401
  • Sqr Footage
  • 1,550
  • Year Built
  • 1877
  • Taxes
  • $ 5294
  • Style
  • (CC) Low Rise (3- Levels)
  • MLS#
  • 7112107
Listed By: Lakes Sotheby's International Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1550
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Flat,Other
Appliances Cooktop,Dishwasher,Disposal,Dryer,Exhaust Fan,Microwave,Range,Refrigerator,Washer
HOA Fee 1100.55
Garage Spaces 1
Association Fee Includes Building Exterior,Hazard Insurance,Other,Maintenance Grounds,Sanitation
Year Built 1877
Levels More Than 2 Stories
Unit Number 16B
Property Subtype (CC) Low Rise (3- Levels)
Tax Year 2026
Accessibility None
Assoc Fee Paid Per Monthly
County Hennepin
New Construction No
Property Type Residential
HOA Yes
Contingency None
Subdivision Name GROVE STREET FLATS
Full Baths 1
Directions HENNEPIN TO WILDER TO ISLAND VIEW TO GROVE. There is available street parking across the street. There are signs marked for 2 hour parking .
City Minneapolis
Association Name Omega
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 5294
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors,Kitchen Center Island,Kitchen Window,Other,Patio,Paneled Doors,Security System,Washer/Dryer Hookup
PostalCity Minneapolis

Interior Features

Basement Full,Storage Space
Total Fireplaces 1
Fireplace Features Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1550
Half Baths 1
Total Bedrooms 2
Total Baths 2
Bath Desc Main Floor 1/2 Bath,Primary Walk-Thru
Dining Room Description Eat In Kitchen,Separate/Formal Dining Room
Fuel Natural Gas
Garage Square Feet 100

Exterior Features

Fencing Other,Wood
Parking Features Assigned,Contract Pkg Required,Detached Garage,Asphalt,Garage Door Opener
Lot Features Public Transit (w/in 6 blks)
Water Source City Water/Connected
Building Area Total 2325
Lot Dimensions CONDOMINIUM
Waterfront Y/N No
Foundation Area 775
Road Frontage Type City Street,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
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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

8/21/2026 Listed $575,000
9/25/2026 5% - $549,900

Property vs Zip Code Average in 55401

Price
AVG $610K
$550K
Taxes
AVG $9,256
$5,294
Year Built
AVG 1971
1877
Visits
AVG 160
21
Data Provided by Inside Real Estate®

Areas That We Cover

16 Grove Street # 16b Minneapolis, MN is a Single Family Home for sale at $549900 with 1550 sqft and a lot size of Acre(s). 16 Grove Street # 16b Minneapolis has 2 bedrooms, 1 baths and was built in 1877. The property's zip code is 55401 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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