520 Ridgewood Avenue #3 - Photo 1
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520 Ridgewood Avenue #3
520 Ridgewood Avenue #3
520 Ridgewood Avenue #3
520 Ridgewood Avenue #3
520 Ridgewood Avenue #3

520 Ridgewood Avenue #3, Minneapolis, MN 55403 - MLS# 7057603

MLS® #: 7057603|Days on Market: 140|Listed: Jun 10, 2026

$103,000

$115,000↓ 10.4%
Bedrooms
1
Bathrooms
1
Square Feet
625
Acres
0.332
Year Built
1971
Property Type
Residential
Heating
Electric, Natural Gas, Baseboard
Cooling
Wall Unit(s)
Days on Market
140
School District
1 - Minneapolis

Enjoy city living in this affordable 1-bedroom, 1-bath condo just minutes from downtown Minneapolis. Offering 625 square feet of well-designed living space, the home features a functional layout that is easy to maintain and personalize. Conveniently located near parks, restaurants, shopping, public transportation, and major roadways, it provides easy access to everyday essentials and commuting options. With a professionally managed association, this property is a practical opportunity for first-time buyers, those looking to simplify, or anyone seeking to build equity at an accessible price point.

520 Ridgewood Avenue #3, Minneapolis, MN 55403

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Interior Information

CoolingWall Unit(s)
HeatingBaseboard
FuelElectric, Natural Gas

Size & Levels

LevelsOne
Total Finished Sq Ft625 sq ft
Above Grade Finished625 sq ft
Main Level Finished625 sq ft

Bathrooms

Full Baths1

Rooms

Main Level Rooms

Living Room12' x 17'
Dining Room8' x 9'
Kitchen6' x 12'
Bedroom10' x 11'
Bathroom6' x 10'

Exterior & Parking

ExteriorStone
ParkingParking Lot

Lot & Utilities

Property Subtype(CC) Low Rise (3- Levels)
Lot Size0.332 acres
Lot Dimensions14,462
ZoningResidential-Single Family
SubdivisionCic 1539 520 Ridgewood Condo
TownshipMinneapolis
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected

Homeowners Association

Association Fee$436 / month
AssociationRowcal Management
Assessment PendingNo
Fee IncludesHazard Insurance, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Sanitation, Sewer, Snow Removal, Water

Financial & Tax Information

Annual Taxes$1,272
Tax Year2025
Tax w/ Assessments$1,272
Assessment PendingNo
Parcel Number2702924330923
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 1939 or earlier, about 24% of occupied homes are owner-occupied, and the average commute is 23 minutes.

Cost of Ownership

Median home value

$197,200

Lower than the Minneapolis median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$4,401/yr

Similar to the Minneapolis median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$1,714/mo

Lower than the Minneapolis median

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$1,159/mo

Higher than the Minneapolis median

Median monthly housing costs for owners without a mortgage.

Median rent

$1,085/mo

Lower than the Minneapolis median

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

24%

Lower than Minneapolis overall

The share of occupied homes lived in by their owners.

Median year built

1955

Similar to the Minneapolis median

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 2000-200913%
  • 1980-19893%
  • 1970-197910%
  • 1960-196911%
  • 1950-19597%
  • 1939 or earlier44%

Types of homes

The share of housing units in each building type.

  • 5+ units94%

Getting Around

Average commute

23 min

Similar to the Minneapolis median

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone36%
  • Public transit11%
  • Walk or bike18%
  • Work from home30%

Homes with broadband

85%

Lower than Minneapolis overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Minneapolis Public School District

This home is in the Kenwood Elementary, Anwatin Middle and North High attendance areas of Minneapolis Public School District.

Elementary

Kenwood Elementary

Grades K-5 · 1.1 mi away

Enrollment
388
Students per teacher
13.9

2013 Penn Ave S, Minneapolis, MN 55405

(612) 668-2760

Middle

Anwatin Middle

Grades 6-8 · 1.6 mi away

Enrollment
334
Students per teacher
11.9

256 Upton Ave S, Minneapolis, MN 55405

(612) 668-2450

High

North High

Grades 9-12 · 2.2 mi away

Enrollment
591
Students per teacher
11.2

1500 James Ave N, Minneapolis, MN 55411

(612) 668-1700

School assignments can change. Verify enrollment with Minneapolis Public School District.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

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Listed by: Call It Closed International Realty
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.