Cobalt Condominiums

Live Above Lunds in Historic Old Town.

Notable as Minneapolis’ first all-glass condominiums, Cobalt’s sleek contemporary façade contrasts beautifully with the old world charm and walkability of its historic riverfront neighborhood. Located directly above and upscale Lunds & Byerlys grocery & Caribou Coffe, you will simply not find a more convenient urban condo development. Features include floor-to-ceiling windows, modern interiors & finishes, and private outdoor spaces. Units along University Avenue enjoy exceptional views of Chute Square and the downtown skyline. The building has a full gym, conference room, on-site office, resident caretaker, and private-lobby access to the grocery on the main floor. Enjoy amazing walkability in this fabulous European-style riverfront neighborhood — just steps from the riverfront, Stone Arch Bridge, historic Main Street, and some of the city’s best restaurants, bars, and shopping along East Hennepin Avenue.


WORTH NOTING:  Verve Realty was part of Cobalt’s development team and sold every unit.  We know this building inside and out. 





Year Built/Converted




Walk Score®


Size & Price Range

Price Range:

$275,000 – $3,000,000

Size Range:

744 – 3,000sf

Unit Mix:

1BR (38)  |   1+Den (4) |   2BR (35)  |   2BR+Den (1)  |   3BR (11)  |   Penthouses (3)

Floor Plans:

Yes – We have all the unit floor plans available

Condo Docs:

Yes – We have the condo governing documents available

General Info


45 University Ave SE, Minneapolis, MN 55414

Construction Type:

Concrete – Pre-Cast Set-In-Place Columns and Flooring Slabs

Ceiling Height:

Height: 9′ 3″   |  Finish: painted concrete slab


2 Cabled Elevators – one is extra large for moving

Retail Tenants:

Lunds & Byerly’s Grocery / Caribou Coffee / St. Croix Dry Cleaners / Cost Cutters / Chuck & Don’s Pet Food


All units have one storage unit (licensed) located on lobby level.  Most are 4’x6′ and a few are larger


Baseboard radiant heat on perimeter window walls supplied by central boiler.


Forced air from soffit-level supply via in-unit fan coil supplied by central chiller.



Development Team:

Developer: Exeter Realty  |  Architect:  Pope Associates  |  Builder:  McGough Construction

Typical Unit Features

• Hardwood floors
• Floor-to-ceiling windows

• Mecho® Shades in all rooms
• 4’x 6′ Storage Units (lobby level)

• All units have balconies or terraces
• 8′ solid-core doors throughout

• All units are one-level

Shared Building Amenities

• Exercise Room (2nd Floor)
• Conference Room (2nd Floor)

• Car Wash (Garage)
• Bike Racks (Garage)

• On-Site Manager (Lobby)
• On-Site Resident Caretaker

• Private lobby access to grocery
• Active Social Committee


Parking General Info:

Heated & assigned stalls in one level of underground parking below 1st floor.

Parking Ownership:

Stalls are separately titled, deeded, and PID’d and pays taxes and condo dues separate from the unit.

Guest Parking:

5 Stalls located in underground garage. Access for guests is via phone entry system.

Dues / Management / Rules

Monthly HOA Dues (2019):

.50¢ per square foot (multiply by unit square footage for monthly dues)
NOTE: Calculated annually from MLS listings / varies depending on # of parking stalls, special assessments, etc.

Dues Include:

• Heat
• Air Conditioning
• Basic Cable/Internet
• Exterior Window Washing

• Water/Sewer
• Trash
• Landscaping/Snow
• Exterior Maintenance

• Hazard Insurance
• Professional Management
• On-Site Manager
• On-Site Resident Caretaker

Management Company:

On-Site Office?:

YES  /  (612)  331-3848

Rental Policies:

Rentals Permitted  |  Minimum 12-mo lease  |  Policies may change – see agent for current status

Pet Policies:

Dogs & Cats Permitted  |  Number: 2 aggregate  |  Height/Weight: no limit  |  Breeds: no limit  |  see agent for current status

Share Your Thoughts!    EMAIL US us your additions and corrections and we’ll update the site.

A European-Style Walking Neighborhood

Located across the river from Downtown, Old Town is actually one of the oldest neighborhoods in the city and it maintains that unique old-world flavor to this day. In the last decade the neighborhood has seen dramatic change and is now considered one of the trendiest & exciting places in Minneapolis to eat, shop, and live.

What’s good around here?

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