My first thought was, it must be a typo — as in, they must have meant $690,000.

Even then, that would be a (stunningly) cheap price for a smashing, contemporary condo with 4 Bedrooms/5 Baths and over 5,600 finished square feet — all just up the street from the Walker and Loring Park on Minneapolis’ Kenwood Parkway (in fact, the property’s tax assessed value is $1.164 million).  

The explanation?

The home is for rent, not sale; that’s the monthly lease amount.

The source of the confusion was the property’s inclusion on yesterday’s Broker Tour — still overwhelmingly focused on new, For Sale listings (vs. rentals).

See also“Get Ready for Thursday Tour (Thursday??)”  

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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