1500 E Franklin Ave, Minneapolis, MN 55404 Property Records

Hennepin County property record for 1500 E Franklin Ave, Minneapolis, MN 55404

Property Summary

Property Type	Apartments (5+ Units)
Details	102 bd · 69,584 sqft · built 2002
Lot Size	0.76 acres (33,106 sqft)
Owner	Company Name on Record
Last Sale	$56,900 (Sep 2002)
Tax Bill	$55,509 (2025)
Deeds & Mortgages	Sep 2019 Loan Modification Sep 2019 Loan Modification + 4 more
Flood Zone	Zone X (minimal risk)
APN	`26-029-24-43-0209`

Property Details

APN / Parcel Number

Primary APN	`26-029-24-43-0209`
Alternative APN	`2602924430020`

Interior

Bedrooms	102 Beds
Units	53 Units
Stories	4 Stories
Building Area	69,584 sqft Living Area
Gross Area	86,830 sqft
1st Floor Area	17,396 sqft
Basement Area	17,246 sqft

Exterior

Year Built	Built 2002
Effective Year Built	Effective 2002
Exterior Material	Metal
Construction Type	Concrete
Roof Type	Gable
Roof Material	Asphalt
Lot Area	33,106 sqft (0.76 acres)

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C

Location & Zoning

Street Address	1500 FRANKLIN AVE SE
City	MINNEAPOLIS
State	MN
Zip	55414-3649
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Local Zoning Code	OR2
Legal Description	LOT 001 A BRASIES SUBD LOTS BLK 3 CORNELLS ADDN LOTS 69 AND 70 OF AUDITORS SUBDIVISION NO 33 AND LOTS 1 THRU 7 INCLUSIVE OF BRASIES SUBDIVISION OF LOTS 15 AND 16 BLOCK 3 CORNELLS T IRREGULAR
Legal Range	24
Legal Township	029
Legal Section	26
Legal Quarter	43
Legal Subdivision	BRASIES SUBD LOTS BLK 3 CORNELLS ADDN
Legal Block	3
Legal Lot Number	1
Jurisdiction	HENNEPIN MN
Township / Civil Division	MINNEAPOLIS
Census Block Group	1
Census Block	1011
Census Tract	106000

Owner

Source: Hennepin County records, as of October 13, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	2001 KILLEBREW DR, 100, MINNEAPOLIS, MN 55425-1884
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Sep 13, 2019	Loan Modification, Mortgage HOUSING FIN AGCY
Sep 13, 2019	Loan Modification, Mortgage HENNEPIN CNTY HSNG & REDEV AUT
Sep 13, 2019	Loan Modification, Mortgage AMERICAN INDIAN CMNTY DEV
Sep 13, 2019	Loan Modification, Mortgage HOUSING FIN AGCY
Sep 13, 2019	Deed of Trust, Mortgage · Conventional Mortgage HOUSING FIN AGCY
Sep 13, 2019	Trustee's Deed, Construction Loan · Construction Mortgage MISCELLANEOUS GOVT AGCY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Sep 25, 2002 · Amount on Record
Deed Sale	Sep 25, 2002 · Amount on Record
Deed Document Number	2002806304
Record Updated	Oct 29, 2026

September 2019: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	HENNEPIN MN
Property Address	1500 E FRANKLIN AVE, MINNEAPOLIS, MN 55404
Document Number	0010701141
Instrument Date	Sep 13, 2019
Transaction Type	Mortgage
Record Updated	Sep 24, 2019
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	1508 E FRANKLIN AVE MINNEAPOLIS MN 554042157, MINNEAPOLIS, MN 55404-2157

Mortgage

Document Number	0010701141
Date	Sep 13, 2019
Instrument	10701141

Lender

Name	HOUSING FIN AGCY
Address	400 WABASHA ST N # 400, ST PAUL, MN 55102-1147

Agreement

Amount	Amount Recorded
Term	420 Months
Due	Sep 12, 2054

September 2019: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	HENNEPIN MN
Property Address	1500 E FRANKLIN AVE, MINNEAPOLIS, MN 55404
Document Number	0010701142
Instrument Date	Sep 13, 2019
Transaction Type	Mortgage
Record Updated	Sep 24, 2019
Title Company	ATTORNEY ONLY

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Partnership
Address	1508 E FRANKLIN AVE MINNEAPOLIS MN 554042157, MINNEAPOLIS, MN 55404-2157

Mortgage

Document Number	0010701142
Date	Sep 13, 2019
Instrument	10701142

Lender

Name	HENNEPIN CNTY HSNG & REDEV AUT
Address	701 4TH AVE S # 400, MINNEAPOLIS, MN 55415-1843

Agreement

Amount	Amount Recorded
Term	420 Months
Due	Sep 12, 2054

September 2019: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	HENNEPIN MN
Property Address	1500 E FRANKLIN AVE, MINNEAPOLIS, MN 55404
Document Number	0010701143
Instrument Date	Sep 13, 2019
Transaction Type	Mortgage
Record Updated	Sep 26, 2019
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	1508 E FRANKLIN AVE MINNEAPOLIS MN 554042157, MINNEAPOLIS, MN 55404-2157

Mortgage

Document Number	0010701143
Date	Sep 13, 2019
Instrument	10701143

Lender

Name	AMERICAN INDIAN CMNTY DEV
Address	1508 E FRANKLIN AVE, MINNEAPOLIS, MN 55404-2157

Agreement

Amount	Amount Recorded
Term	156 Months
Due	Sep 12, 2032

September 2019: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	HENNEPIN MN
Property Address	1500 E FRANKLIN AVE, MINNEAPOLIS, MN 55404
Document Number	0010701139
Instrument Date	Sep 13, 2019
Transaction Type	Mortgage
Record Updated	Sep 24, 2019
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	1508 E FRANKLIN AVE MINNEAPOLIS MN 554042157, MINNEAPOLIS, MN 55404-2157

Mortgage

Document Number	0010701139
Date	Sep 13, 2019
Instrument	10701139

Lender

Name	HOUSING FIN AGCY
Address	400 WABASHA ST N # 400, ST PAUL, MN 55102-1147

Agreement

Amount	Amount Recorded
Term	156 Months
Due	Sep 12, 2032

September 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	1500 E FRANKLIN AVE, MINNEAPOLIS, MN 55404
Document Number	0010701136
Instrument Date	Sep 13, 2019
Transaction Type	Mortgage
Record Updated	Sep 27, 2019
Title Company	NOT AVAILABLE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	1508 E FRANKLIN AVE MINNEAPOLIS MN 554042157, MINNEAPOLIS, MN 55404-2157

Mortgage

Document Number	0010701136
Date	Sep 13, 2019
Instrument	10701136

Lender

Name	HOUSING FIN AGCY
Address	400 WABASHA ST N # 400, ST PAUL, MN 55102-1147

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	420 Months
Due	Sep 12, 2054

Interest

Rate	10%

September 2019: Trustee's Deed, Construction Loan

Document Type	Trustee's Deed
Jurisdiction	HENNEPIN MN
Recording Date	Sep 13, 2019
Property Address	1500 E FRANKLIN AVE, MINNEAPOLIS, MN 55404
Instrument Date	Sep 13, 2019
Instrument	10701132
Transaction Type	Construction Loan
Record Updated	Sep 24, 2019
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	1508 E FRANKLIN AVE MINNEAPOLIS MN 554042157, MINNEAPOLIS, MN 55404-2157

Mortgage

Document Number	0010701132
Date	Sep 13, 2019
Instrument	10701132

Lender

Name	MISCELLANEOUS GOVT AGCY
Address	105 5TH AVE S, MINNEAPOLIS, MN 55401-2593

Agreement

Type	Construction Mortgage
Amount	Amount Recorded

Interest

Rate	1%

Tax Assessment & Valuation

Source: Hennepin County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Hennepin County
Municipality	Minneapolis City
Unified School District	Minneapolis Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$55,509.00 (-25.23%)	$6,542,000 (+314.58%) Land $424,500 Building $6,117,500	$6,542,000 (+314.58%) Land $424,500 Building $6,117,500
2023	$74,237.00
2022		$1,578,000 Land $33,200 Building $1,544,800	$1,578,000 Land $33,200 Building $1,544,800

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective December 25, 2025

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Minneapolis serves 425,300 people · EPA ID MN1270024
Water Source	Surface water
Last State Inspection	Sep 2024
Lead	2 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 248 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
CenturyLink Fiber · DSL in parts of the area	8,000 / 8,000
Xfinity Cable	2,000 / 2,000
Verizon Fixed Wireless	1,000 / 75
PCs for People Fixed Wireless	100 / 100
AT&T Fixed Wireless	100 / 20

May also be available: T-Mobile.

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