The Ivy Residences — Minneapolis Ultra-Luxury Condos in Downtown East / Elliot Park

HOA fees at The Ivy Residences typically range from $700 – $2,200/mo depending on unit size. Fees cover water, sewer, and trash, building insurance (structure and common areas), exterior and common area maintenance with reserves, heat and/or central systems (verify per unit), and more. Always verify the most current fees and reserve fund health with The PRO Team before placing an offer.

Pet-friendly with restrictions — confirm current breed, weight, and number limits with the HOA before purchasing.

Walkable to the downtown Minneapolis core via skyways and street level, with Metro Transit light rail (Green and Blue Lines) connecting to MSP Airport and Mall of America. I-35W and I-94 are minutes away. Downtown jobs, the riverfront, and stadiums are within a short walk. Contact The PRO Team for current listings and a personalized commute analysis based on your specific workplace.

The Ivy Residences delivers the Ivy Residences pair 92 luxury condos with the Ivy Hotel inside a striking 26-story tower built around the saved 1930 Ivy Tower — a Mesopotamian-inspired ziggurat landmark. A multimillion-dollar 2024–2025 renovation added new dining and refreshed common spaces.. The Ivy Residences appeals to buyers seeking luxury condo living in Minneapolis — premium finishes, quality amenities at $700 – $2,200/mo HOA, and a building that consistently maintains its value. The PRO Team can connect you with current or former residents and walk you through what day-to-day life looks like for buyers at this price point.

The Ivy Residences spans $265K – $1.7M+ across all unit types. 1 Bedroom: $265K – $425K, 2 Bedroom: $425K – $700K, 3 Bedroom / Penthouse: $700K – $1.7M. Entry-level units start around $265K. HOA fees add $700 – $2,200/mo per month to the total cost of ownership — an important factor to include when budgeting. The PRO Team can provide a current inventory snapshot at any price point.

The Ivy Residences offers 3 unit configurations: 1 Bedroom (875 – 1,200 sq ft, $265K – $425K); 2 Bedroom (1,200 – 2,100 sq ft, $425K – $700K); 3 Bedroom / Penthouse (2,100 – 3,813 sq ft, $700K – $1.7M). The building has 92 total residences. Floor, view, and finish level affect pricing within each type. The PRO Team can walk you through current availability and which configuration delivers the best value for your needs.

Confirm current rental cap, lease minimums, and any waitlist with the HOA before purchasing as an investment. The Ivy Residences has a rental cap, which limits the percentage of units that can be leased at any time. Rental cap status directly affects your financing options and future resale — some lenders won't approve loans in buildings where rental concentration exceeds thresholds. The PRO Team checks current rental availability and cap status as a standard part of our buyer due diligence.

The Ivy Residences features Access to Ivy Hotel amenities (spa, dining), Concierge service, Fitness center, Rooftop and terrace access, Valet and secured parking and 2 additional amenities. Access to these amenities is included in the monthly HOA fee. The PRO Team can walk you through which amenities are most relevant for your lifestyle and how this building's amenity level compares to similar properties in the Minneapolis market.

The Ivy Residences is one of the Minneapolis market's strongest options for buyers prioritizing simplified ownership. The HOA covers Building insurance (structure and common areas) and Exterior and common area maintenance with reserves, eliminating typical homeowner maintenance responsibilities. The Ivy Residences appeals to buyers seeking luxury condo living in Minneapolis — premium finishes, quality amenities at $700 – $2,200/mo HOA, and a building that consistently maintains its value. The PRO Team works frequently with downsizers, frequent travelers, and second-home buyers seeking exactly this type of building — we can evaluate whether The Ivy Residences is the right match for your ownership goals.

Whether The Ivy Residences fits your plans depends on the specific unit and your intended use. Review current HOA financial information, reserve funding, rental restrictions, lease requirements, insurance, fees, assessments, and lending requirements before proceeding. If renting is important, confirm the current policy and any cap directly with the association; policies and availability can change.