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Updated 3 hours ago

508 Ridgewood Ave Unit 5


Minneapolis, MN

2 Bed
1 Bath

1,200 Sq. Ft.

Available starting Jul. 1st
2 Beds • 1 Bath
$1,545
1200 ft2
1 Available
Managed By: avail
$1,545 - 2 Bedroom 1 Bathroom Apartment In Minneapolis With Great Amenities
$1,545
Available Jul 1st, 2024
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
91
Walker's Paradise
Transit Score®
61
Good Transit
Bike Score®
81
Very Bikeable
Amenities
Storage
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Lease & Fees
Security Deposit: $1,545.00
Property details
Description

Spacious 1200 sq ft two bedroom one bath apartment in a six unit building located in the Wedge neighborhood of Minneapolis.

This unit has big bedrooms, a large living room, a nice dining area, and a fully equipped kitchen with dishwasher. There is a new built in wall air conditioner, great closet space, laundry in building, and an included storage locker.

Great views of the downtown skyline from the rear of property. It is well-located within walking distance of the Wedge Co-Op and great proximity to restaurants and shopping on Eat Street, Walker Art Center, and other attractions.

The neighborhood is quiet and positioned on a hill with little through-traffic, granting a more private and secluded feeling. Very bikable neighborhood with easy public transit access.

The resident pays the electric bill and $50/mo for gas (heat is gas). Great utility savings in winter! The owner pays for heat, water, sewer, trash, recycling, lawn care, and snow removal. Pets are allowed with written owner approval and $50/mo pet rent.

Available July 1st, 2024. Please message Tom with any questions or to schedule a showing. Thank you!

Additional Details
Total Unit Count: 1
Last Updated: Updated 3 hours ago
Contact Number: (608) 235-1544
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
US Internet Corp. 10000.0 10000.0
Arvig Enterprises, Inc. 1000.0 1000.0
Comcast Corporation 987.0 35.0
ViaSat, Inc. 100.0 3.0
Nextera Holdings, LLC 50.0 50.0
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 508 Ridgewood Ave Unit 5 by bedroom type below.
2 Bedroom
Suggested income:
$55,600
per year
Rent report

508 Ridgewood Ave Unit 5 Rent vs. Minneapolis Average

 508 Ridgewood Ave Unit 5      Minneapolis Average
2BR
$1,545
$2,052
$0
$700
$1,400
$2,100
$2,800

508 Ridgewood Ave Unit 5 is asking 25% less than the average 2 bedroom apartment in Minneapolis.

If you upsized to an average priced Minneapolis 3 bedroom apartment, you would pay 7% more per month.

If you downsized to an average priced Minneapolis 1 bedroom apartment, you would pay 52% less per month.

508 Ridgewood Ave Unit 5 provides 16% more square footage than the average Minneapolis 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
508 Ridgewood Ave Unit 5
2BR $1,545 $1.30 $4,635
Minneapolis Average
Studio $1,135 $2.50 $3,404
1BR $1,351 $2.10 $4,052
2BR $2,052 $2.00 $6,155
3BR $2,198 $1.70 $6,595
4BR $2,601 $1.60 $7,803

Availability in Minneapolis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,975 1BR units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
18% 46% 27% 6% 3%
Available Units in Minneapolis
Studio 772
1BR 1,975
2BR 1,135
3BR 255
4BR 110
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Loring Park 0.7 mi 13 min 7 min 3 min
Helland Center 0.8 mi 16 min 6 min 3 min
Whitney Fine Arts Theatre 0.8 mi 16 min 5 min 3 min
Management Education Center 0.9 mi 18 min 6 min 3 min
Ackerberg Science Center 1.0 mi 19 min 6 min 3 min
Nearby Hospitals
Name Distance
Phillips Eye Institute 1.11 mi.
Childrens Hosp & Clinics Minne 1.27 mi.
Hennepin County Medical CTR 1.3 mi.
Nearby Fire Stations
Name Distance
Lowry Fire Department 0.25 mi.
Metropolitan Airports Commission 0.55 mi.
Minneapolis Fire Department 0.55 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on July 01, 2024.
What's the square footage of the available units?
It's 1,200 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
508 Ridgewood Ave Unit 5 has a 2 bedroom unit starting at $1,545.
Where is this property located?
This property is at 508 Ridgewood Ave Unit 5 in Minneapolis, MN. It's 1.7 miles southwest from the center of Minneapolis.
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