Cobalt Condominiums | 45 University Ave SE, Minneapolis, 55414 | NE Minneapolis
Cobalt Condominiums | St. Anthony Main Minneapolis Condos
Cobalt Condominiums is a contemporary 10-story condominium building at 45 University Ave SE in the St. Anthony Main area of Northeast Minneapolis. The approximately 107-unit building is known for its modern design, floor-to-ceiling glass, concrete ceilings, exposed ductwork, hardwood floors, and private outdoor space on many residences.
Individual condos at Cobalt vary by floor plan, orientation, floor height, views, balcony or terrace, parking, renovation quality, and overall condition. South-facing and upper-floor residences can offer especially strong views toward downtown Minneapolis and the Mississippi River corridor.
The building's location puts residents close to St. Anthony Main, the riverfront, Northeast Minneapolis, the University of Minnesota, downtown Minneapolis, restaurants, trails, and neighborhood services. Cobalt also includes ground-floor commercial space, including a grocery store, which adds a different daily-use convenience than many nearby condo buildings.
Use the listings below to explore current Cobalt condos for sale. If you are considering buying or selling in the building, Schedule a Consultation to discuss recent sales, unit differences, association considerations, and current market conditions.
Prices in the Cobalt range from the mid 200's on up to around 1.5 Million. Downtown Views and southern exposure from the penthouse units are available in one package on this side of the Mississippi River. The 107-unit condo building also houses a Lunds Grocery Store on the ground floor.
If you like the architecture of the Cobalt condos, a comparable building would be the Zenith Condos in the Mill District or Edgewater in Uptown.
See all Cobalt Condominiums for sale below or read more about the building features and neighborhood amenities that make these condos, some of the most sought-after residences in Minneapolis.
Cobalt Lofts for Sale and Rent
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A Local Guide to Cobalt Condominiums
Cobalt is one of the more recognizable contemporary condominium buildings in the St. Anthony Main area. Its glass-heavy exterior, modern loft-style interiors, private balconies or terraces, and location near the Mississippi River give it a different feel from both historic warehouse conversions and more traditional high-rise condos.
After more than 20 years working with Minneapolis condos and lofts, I have found that value in buildings like Cobalt can vary considerably based on floor height, orientation, views, balcony size, parking, floor plan, renovation quality, and recent building-level sales.
Architecture and Floor Plans
Cobalt contains approximately 107 condominium residences across 10 stories and uses a contemporary loft-inspired design.
Common building and unit features may include:
- Floor-to-ceiling windows
- Concrete ceilings
- Exposed ductwork
- Hardwood floors
- Open living areas
- Private balconies or terraces
- Heated underground parking
- Modern kitchens and finishes
Individual units can vary substantially, so buyers should compare the specific floor plan, orientation, outdoor space, parking, views, and renovation history of each residence.
Views and Unit Orientation
Orientation matters at Cobalt. South-facing and higher-floor units can offer views toward downtown Minneapolis and the river corridor, while other residences may have more neighborhood-focused views toward Northeast Minneapolis.
Buyers should compare floor height, natural light, nearby development, balcony exposure, and view corridor when evaluating individual units.
Cobalt Amenities
Shared building amenities have historically included:
- Exercise room
- Conference room
- Bike storage
- Heated underground parking
- Secured access
- On-site management
- Common building areas
Buyers should verify current amenities and exactly what is included in monthly HOA dues through the most recent association documents, since services and operating costs can change over time.
Ground-Floor Commercial Space
Cobalt includes commercial space at street level, including a grocery store, which is one of the building's more distinctive practical features.
Buyers should understand how the commercial and residential portions of the property interact, including any effect on association operations, insurance, maintenance responsibilities, and financing review.
HOA and Association Considerations
As with any Minneapolis condominium purchase, buyers should carefully review the association before purchasing at Cobalt.
- Monthly HOA dues and what they include
- Reserve funds
- Special assessments
- Association insurance
- Recent and planned capital projects
- Window and exterior maintenance
- Rental restrictions
- Parking and storage rights
- Pet policies
- Association meeting minutes
- Commercial-unit responsibilities
- Any known litigation or major repair issues
Association finances and long-term capital planning can materially affect both ownership costs and resale value.
Parking and Storage
Cobalt includes heated underground parking, although buyers should confirm the exact parking rights associated with each individual residence. Bike storage and other storage arrangements should also be verified through current association documents.
Parking can have a meaningful effect on value, especially when comparing larger units or higher-floor residences.
St. Anthony Main and Northeast Minneapolis Location
Cobalt is located in the St. Anthony Main area of Northeast Minneapolis, just across the Mississippi River from downtown.
The location provides convenient access to riverfront trails, restaurants, the University of Minnesota, downtown Minneapolis, and the broader Northeast arts and commercial districts.
Cobalt vs. Zenith Condos
Buyers considering Cobalt may also compare Zenith Condos in the Mill District because both offer contemporary architecture, large windows, and a more modern condominium experience.
The buildings differ in neighborhood setting, views, floor plans, association structure, commercial space, parking, and overall scale, so building-level comparison is more useful than relying only on downtown-wide pricing.
Cobalt vs. Historic Minneapolis Lofts
Cobalt offers a very different architectural experience from historic loft buildings such as Itasca Lofts or Tower Lofts.
Historic conversions generally feature more brick, timber, and individualized warehouse layouts, while Cobalt provides glass, concrete, modern finishes, and more contemporary residential construction.
Cobalt Condominiums Real Estate FAQ
Where is Cobalt located?
Cobalt Condominiums is located at 45 University Ave SE in the St. Anthony Main area of Northeast Minneapolis.
How many condos are in Cobalt?
The building contains approximately 107 condominium residences across 10 stories.
What architectural style does Cobalt have?
Cobalt has a contemporary loft-inspired design with floor-to-ceiling glass, concrete ceilings, exposed ductwork, hardwood floors, and open layouts.
Do Cobalt condos have balconies?
Many residences include private balconies or terraces. Buyers should confirm outdoor space for the specific unit.
Does Cobalt have underground parking?
Yes. The building includes heated underground parking, although buyers should verify the exact parking rights associated with the individual condo.
What should buyers review before purchasing at Cobalt?
Buyers should review HOA dues, reserves, insurance, assessments, meeting minutes, parking, storage, rental rules, commercial-unit considerations, recent capital projects, and the condition of the individual residence.
How should I compare Cobalt with other Minneapolis condos?
Compare architecture, views, floor plan, outdoor space, parking, association finances, neighborhood setting, and recent building-level sales rather than relying only on price per square foot.
Buying or Selling at Cobalt
Value at Cobalt can vary significantly based on floor plan, floor height, orientation, views, balcony or terrace, parking, renovation quality, condition, and recent sales within the building.
If you are considering buying or selling at Cobalt Condominiums, Schedule a Consultation to talk through recent sales, association considerations, and how the building compares with other St. Anthony Main and Minneapolis condo options.