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Portland Tower

Portland Tower

Portland Tower
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

740 Portland Ave
Minneapolis, MN 55415
112 Units
17 Stories
2016 Year Built
$346K - $914K Value Range

Available Units

For Sale
For Rent

Highlights

  • Fitness Center
  • Rooftop Deck
  • City View
  • Lounge
  • Elevator
  • Pet Washing Station

Modern living in the heart of downtown Minneapolis

Portland Tower, completed in 2016, stands as a contemporary addition to Minneapolis' skyline. This 17-story condominium, designed by Oertel Architects, offers 112 units in the vibrant Elliot Park neighborhood. The building's location provides residents with easy access to the city's cultural, entertainment, and business districts. With its sleek design and prime positioning, Portland Tower embodies the essence of urban living, offering a blend of comfort and convenience in one of Minneapolis' oldest and most dynamic neighborhoods.

Spacious layouts with stunning city views

Portland Tower offers a range of floor plans to suit various lifestyles, from cozy two-bedroom units to expansive three-bedroom penthouses. The two-bedroom layouts span from 983 to 3,079 square feet, with prices ranging from $349,900 to $575,000. These units feature up to two and a half bathrooms, providing ample space for comfort and privacy. For those seeking even more room, the three-bedroom units range from 1,572 to 3,175 square feet, priced between $660,000 and $875,000, with one to two bathrooms. Many units boast floor-to-ceiling windows that flood the living spaces with natural light and offer panoramic views of the Minneapolis skyline, including landmarks like U.S. Bank Stadium. The open-concept designs create a seamless flow between living areas, perfect for entertaining or relaxing. Kitchens are equipped with high-end finishes such as stainless steel appliances, granite or quartz countertops, and custom cabinetry. Some units feature upgraded lighting packages, hardwood floors throughout, and spacious balconies with gas grill hookups. Primary bedrooms often include walk-in closets with custom organizers, while en-suite bathrooms may feature dual vanities and walk-in showers. Many units have been thoughtfully designed with home offices or dens, accommodating the growing trend of remote work. In-unit laundry facilities, often with full-size washers and dryers, add to the convenience of these modern homes. Monthly HOA fees range from $600 to $1,800, covering a comprehensive list of services and amenities. These include air conditioning, building maintenance, cable TV, controlled access, hazard insurance, heating, internet, lawn care, ground maintenance, parking, trash removal, security, shared amenities, and water. This all-inclusive approach allows residents to enjoy a worry-free lifestyle in their urban oasis.

Luxurious amenities for an elevated lifestyle

Portland Tower offers an array of amenities designed to enhance the urban living experience. The crown jewel is the 6th-floor roof deck, featuring fire bowls, grilling stations, and ample seating areas where residents can unwind while taking in the city views. The building's community garden provides a unique opportunity for residents to cultivate their own green space in the heart of the city. For fitness enthusiasts, the on-site fitness center eliminates the need for external gym memberships. After a workout, residents can relax in the community room, perfect for hosting gatherings or enjoying quiet time outside their units. The building also boasts a party room for larger events and celebrations. Pet owners will appreciate the convenience of an indoor pet relief area, making it easy to care for furry friends regardless of weather conditions. Secured bike storage caters to cycling enthusiasts, while the indoor heated guest parking ensures visitors always have a place to park. Portland Tower prioritizes security and convenience with its controlled access system and on-site professional management. The building offers storage units for residents needing extra space, and the inclusion of basic cable and internet in many units' HOA fees adds to the overall value proposition. For those with electric vehicles, EV charging stations are available, demonstrating the building's commitment to modern, sustainable living. These thoughtful amenities and services combine to create a comfortable, convenient, and connected living environment for Portland Tower residents.

A vibrant urban locale with rich history and modern attractions

Portland Tower is situated in the dynamic Elliot Park neighborhood, one of Minneapolis' oldest and most diverse communities. This area seamlessly blends historical charm with contemporary urban living, offering residents a unique mix of cultural experiences, dining options, and recreational activities. Just steps away from the building is The Commons, a 4.2-acre urban park that serves as a hub for cultural and sports events. This green space, complete with play equipment and a spray pad, provides a refreshing oasis in the urban landscape. Elliot Park itself, the neighborhood's namesake, is a short walk away and offers various recreational facilities including a pool, basketball courts, and a state-of-the-art skate park. Food enthusiasts will find plenty to explore in the vicinity. The iconic Band Box Diner, a beloved greasy spoon since 1939, stands as a testament to the neighborhood's enduring character. For those preferring to cook at home, Elliot Park Grocery and a nearby Trader Joe's provide convenient shopping options. Cultural attractions abound near Portland Tower. The Guthrie Theater, considered the crown jewel of the Twin Cities' theatrical community, is within walking distance. History buffs can explore the Mill City Museum, which chronicles the area's flour milling heritage. Sports fans will appreciate the proximity to U.S. Bank Stadium, home of the Minnesota Vikings. The neighborhood's location also puts residents close to downtown Minneapolis' business district and the lively North Loop area, known for its trendy shops and restaurants. The Mississippi Riverfront, with its scenic Stone Arch Bridge and Mill Ruins Park, offers beautiful walking and biking trails just a short distance away. For those seeking nightlife and entertainment, the nearby Armory serves as a popular concert venue and event center. The area's diverse mix of bars and restaurants caters to a wide range of tastes and preferences, ensuring that there's always something new to discover in this vibrant urban neighborhood.

Effortless connectivity in a transit-rich environment

Portland Tower's location in downtown Minneapolis provides residents with a wealth of transportation options, making it easy to navigate the city and beyond. The building's prime position puts it at the center of a robust public transit network, ideal for those who prefer to leave their cars behind. Just a short walk from the building, residents can access multiple bus stops, including the 8th St S & 4th Ave & 5th Ave S stop, less than five minutes away. The 7th St & Park Station, about a 5-minute walk, serves the METRO C Line, offering rapid transit service throughout the city. For longer journeys, the Downtown East/Metrodome Station, approximately a 10-minute walk from Portland Tower, connects to the Hiawatha Line light rail, providing easy access to destinations throughout Minneapolis and St. Paul. Cyclists will find Portland Tower's location particularly appealing, with numerous bike lanes and trails in the vicinity. The building's secured bike storage makes it convenient for residents to maintain and access their bicycles for commuting or leisure rides along the nearby Mississippi River trails. For those who prefer to drive, Portland Tower's central location provides easy access to major thoroughfares. Interstate 35W and I-94 are both within quick reach, facilitating travel throughout the Twin Cities metro area. When air travel is necessary, the Minneapolis-St Paul International Airport is just a 20-minute drive away. The neighborhood's excellent walkability means that many daily errands and activities can be accomplished on foot, reducing the need for frequent car use. From grocery shopping to dining out, much of what residents need is within a comfortable walking distance. Portland Tower's location also benefits from Minneapolis' extensive skyway system. This network of enclosed pedestrian bridges connects many downtown buildings, allowing residents to navigate the area comfortably regardless of weather conditions. This combination of public transit options, bike-friendly infrastructure, walkable streets, and easy car access makes Portland Tower an ideal home base for those who value flexibility and convenience in their urban transportation choices.

Available Condos

Building Details

Recreation

  • Fitness Center
  • Dog Park

Outdoor Features

  • Community Barbecue Grill

Amenities

  • City Views
  • Rooftop Deck
  • Lounge
  • 24 Hour Access

Parking

  • 1 - 2 Garage Spaces Per Unit
  • 1 Car Attached Garage
  • Varies By Unit
  • Common or Shared Parking
  • Guest Parking
  • Parking Garage
  • Secure Parking

Pet Policy

  • Pet Washing Station

Condo Association

  • $833 Monthly HOA Fees
  • Monthly HOA Fees Range from $607 - $1,830
  • Association fees include air conditioning, maintenance structure, cable TV, controlled access, gas, hazard insurance, heating, internet, ground maintenance, parking, professional mgmt, trash, security, shared amenities
  • First Service Residential Association, Phone Number (952) 227-2700
  • Portland Tower Subdivision

Building Design

  • Fire Sprinkler System
  • High-Rise Condominium
  • Elevator

Unit Features

  • Washer and Dryer Hookup

Unit Information

Beds
2 Beds
2 Beds
2 Beds
2 Beds
2 Beds
2 Beds
2 Beds
2 Beds
3 Beds
2 Beds
Baths
2 Baths
2 Baths
2 Baths
1.5 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
Sq Ft
1,268
1,310
1,146
983
1,599
1,350
1,176
1,599
1,679
1,490
Price
$369,900
$650,000
$360,000
$410,000
$699,000
$520,000
$400,000
$675,000
$500,000
$595,000
Price / Sq Ft
$292 / Sq Ft
$496 / Sq Ft
$314 / Sq Ft
$417 / Sq Ft
$437 / Sq Ft
$385 / Sq Ft
$340 / Sq Ft
$422 / Sq Ft
$298 / Sq Ft
$399 / Sq Ft
List Date
02/23/2025
03/12/2025
04/03/2025
01/13/2025
02/28/2025
10/03/2024
04/01/2025
03/11/2025
12/10/2024
11/30/2024

Unit Size and Value Ranges

2 Bedroom Units
Sq Ft Range
983 - 3,079
Est. Values
$345,570 - $756,036
3 Bedroom Units
Sq Ft Range
1,572 - 3,175
Est. Values
$498,126 - $914,449

Map

Area Factors

High Crime

Crime Score®

9 / 10

Biker's Paradise

Bike Score®

91 / 100

Very Walkable

Walk Score®

87 / 100

Excellent Transit

Transit Score®

83 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

68 / 100

--

Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$275K - $1.0M
Range of Taxes in Building
$3,442 - $14,716
Range of Taxes per Sq Ft
$3.22 - $6.36

Property Tax History

Source: Public Records

Similar Condominium Buildings

Building Team

Developer
Shamrock Development, Inc.
Architect
Oertel Architects
Property Management
StoneBridge Lofts
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.