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Updated 4 hours ago

The Balmoral

VERIFIED

1005 Portland Avenue Minneapolis, MN

3.0 3 reviews
Studio
1 Bath

268 - 328 Sq. Ft.

Available Now
Studio • 1 Bath
$718 - $932
296 ft2
2 Available

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Unit 102
$932
Available Now
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Unit 316
$718
Available Now
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View Rented Units
Studio • 1 Bath
$1,027
328 ft2
1 Available

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Unit 201
$1,027
Available Now
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Studio • 1 Bath
$1,027
268 ft2
1 Available

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Unit 112
$1,027
Available Now
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Studio • 1 Bath
$718
274 ft2
2 Available

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Unit 108
$718
Available Now
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Unit 306
$718
Available Now
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View Rented Units
Studio • 1 Bath
$718
311 ft2
1 Available

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Unit 122
$718
Available Now
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1 Bed • 1 Bath
$1,100
467 ft2
0 Available

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Unit 318
$1,100
Rented
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Unit 304
$1,100
Rented
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1 Bed • 1 Bath
$1,100
567 ft2
0 Available

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Unit 101
$1,100
Rented
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1 Bed • 1 Bath
$1,100
383 ft2
0 Available

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Unit 311
$1,100
Rented
View
Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
87
Very Walkable
Transit Score®
86
Excellent Transit
Bike Score®
89
Very Bikeable
Amenities
On-site Laundry
Heat Included
Refrigerator
Trash Removal Included
On Bus Line
Hardwood Floors
Water Included
Electric Included
Cable Ready
Sewer Included
Professional On-site Management
Smoke-free Community
Business Center
Clubhouse
Secured Entry
High-speed Internet
Cable-ready
Range / Oven
Fees & leasing info
Pets
No Pets Allowed
Parking
Off-street Parking
Lease & Fees
Lease Length: 12 months
Application Fee: $40 or $55 per applicant
Property details
Description

1005 Portland Ave, Minneapolis, MN 55404

Originally built in 1917, The Balmoral was carefully renovated to retain the historical integrity of the building and to provide much needed homes to individuals and families.The Balmoral’s landscaped courtyard provides residents with a quiet respite from a busy urban area. Residents can enjoy their electricity included in rent!

Development History

The Balmoral had been marred by years of neglect when Aeon purchased it in 1989. In 1992, Aeon was honored with a “Historic Rehab Award” from the Minneapolis Heritage Preservation Commission.

Additional Details
Total Unit Count: 58
Last Updated: Updated 4 hours ago
Contact Number: (612) 338-3118
Office Hours
Monday: 9:00 AM - 5:00 PM
Tuesday: 9:00 AM - 5:00 PM
Wednesday: 9:00 AM - 5:00 PM
Thursday: 9:00 AM - 5:00 PM
Friday: 9:00 AM - 5:00 PM
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
Social media posts
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Reviews
The Balmoral
3.0
3 reviews
The location is great, you can do pretty much everything on foot. Just a 10 minute walk to the heart of the business district...
Read More
OK staffing sucks but good place to live
Great
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Schools
Data provided by 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.
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 The Balmoral by bedroom type below.
Studio
Suggested income:
$30,100
per year
Rent report

The Balmoral Rent vs. Minneapolis Average

 The Balmoral      Minneapolis Average
Studio
$837
$1,151
$0
$400
$800
$1,200
$1,600

The Balmoral is asking 27% less than the average studio apartment in Minneapolis.

If you upsized to an average priced Minneapolis 1 bedroom apartment, you would pay 17% more per month.

The Balmoral provides 38% less square footage than the average Minneapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Balmoral
Studio $837 $2.90 $2,511
Minneapolis Average
Studio $1,151 $2.40 $3,452
1BR $1,378 $2.10 $4,135
2BR $2,082 $2.00 $6,246
3BR $2,254 $1.70 $6,763
4BR $2,572 $1.60 $7,715

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 1,927 1BR units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
20% 45% 26% 6% 2%
Available Units in Minneapolis
Studio 868
1BR 1,927
2BR 1,141
3BR 255
4BR 91
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Management Education Center 0.7 mi 14 min 4 min 2 min
Ackerberg Science Center 0.7 mi 14 min 4 min 2 min
Whitney Fine Arts Theatre 0.8 mi 16 min 5 min 3 min
Helland Center 0.9 mi 17 min 6 min 3 min
Loring Park 0.9 mi 17 min 7 min 2 min
Nearby Hospitals
Name Distance
Hennepin County Medical CTR 0.35 mi.
Phillips Eye Institute 0.78 mi.
Childrens Hosp & Clinics Minne 0.99 mi.
Nearby Fire Stations
Name Distance
Minneapolis Fire Department 0.93 mi.
Metropolitan Airports Commission 0.93 mi.
Lowry Fire Department 0.97 mi.
FAQs
Is this property currently leasing units?
Yes. There are 7 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 7 units vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 268 to 328 square feet.
Does this property allow cats or dogs?
Pets are not allowed at this property.
How many bedrooms are in the available units?
There are studio units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $718 to $1,027. The Balmoral has studio units available starting at $718.
Where is this property located?
This property is at 1005 Portland Avenue in Minneapolis, MN. It's 0.9 miles south from the center of Minneapolis.
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