The Wellstone
Minneapolis, MN
Residents at The Wellstone enjoy a convenient downtown location complete with views of the Minneapolis skyline, spacious apartments and outdoor balconies.
Offering a blend of affordable and market rate apartments, The Wellstone opened in December 2008.
The property incorporates green building strategies which offer significant health, economic and environmental benefits for residents and the greater community. The Wellstone has a solar hot water system and an underground parking garage helps preserve the grounds for green space.
Development History
The Wellstone opened in 2008 as the third development of the South Quarter development (formerly Franklin Portland Gateway). Through a partnership between Aeon and Hope Community, the once blighted intersection of Franklin and Portland Avenues is being completely transformed into 300 high quality, mixed-income apartments and townhomes, along with new retail businesses and community space.
Other developments at the intersection are Children's Village Center, The Rose and The Jourdain. Designed to be family- and pedestrian-friendly, the South Quarter has completely changed this once vacant intersection into an attractive, vibrant community hub.
The Wellstone was named for the late Senator Paul and Sheila Wellstone, who were advocates for the revitalization of the community surrounding the Franklin Portland Gateway.
Units Available
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Amenities & More
- Close to Major Highways
- Controlled Access
- Designer 12-Inch Tiles throughout the Living Areas with Carpeted Bedrooms
- Designer Cabinetry
- Dishwasher
- Energy Efficient Appliances
- French Balcony
- Native Plantings
- On Public Transit Line
- Programmable Thermostat
- Rain Gardens
- Solar Powered Hot Water System
- Stunning City Views
- Trash Chutes
- Walk-in Closets
- Washer/Dryer in 2 and 3 Bedroom Floorplans & Laundry Room on Each Floor
- Heated Underground Parking
- On-site Laundry
Floor Plans
- Wellstone 468 sq ft
- Wellstone 638 sq ft
- Wellstone 638 sq ft
- Wellstone 702 sq ft
- Wellstone 706 sq ft
- Wellstone 779 sq ft
- Wellstone 934 sq ft
- Wellstone 966 sq ft
- Wellstone 1051 sq ft
- Wellstone 1124 sq ft
- Wellstone 1144 sq ft
- Wellstone 1162 sq ft
- Wellstone 1312 sq ft
- Wellstone 1318 sq ft
- Wellstone 1392 sq ft
Hours: Mon - Fri, 10:00 AM - 5:00 PM
Bedrooms
Market Rate Units
| Bedrooms | Availability | Monthly Rent | Monthly Income Minimum* |
|---|---|---|---|
| 1 Bedroom | No | $930 – $1,000 | $1,860 – $2,000 |
| 2 Bedroom | Yes | $1,350 – $1,400 | $2,700 – $2,800 |
| * Minimum monthly income requirement is 2 times monthly rent | |||
Affordable Units
| Bedrooms | Availability | Monthly Rent | Monthly Income Requirement* |
|---|---|---|---|
| Studio | No | $675 | $1,350 |
| 1 Bedroom | No | $722 – $950 | $1,444 – $1,900 |
| 2 Bedroom | No | $890 | $1,780 |
| 3 Bedroom | No | $980 – $1,142 | $1,960 – $2,284 |
| * Minimum monthly income requirement is 2 times monthly rent. Estimated maximum annual income allowed is 50% of adjusted median annual income based on household size (view table). | |||
Last updated September 13, 2018 • Rent, income requirements and availability subject to change
Photos
Pre-Qualifications
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Adjusted Median Annual Income
| Household Members | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |
| 30% | $19,830 | $22,650 | $25,470 | $28,290 | $30,570 | $32,820 | $35,100 | $37,350 |
| 35% | $23,135 | $26,425 | $29,715 | $33,005 | $35,665 | $38,290 | $40,950 | $43,575 |
| 40% | $26,440 | $30,200 | $33,960 | $37,720 | $40,760 | $43,760 | $46,800 | $49,800 |
| 50% | $33,050 | $37,750 | $42,450 | $47,150 | $50,950 | $54,700 | $58,500 | $62,250 |
| 55% | $36,355 | $41,525 | $46,695 | $51,865 | $56,045 | $60,170 | $64,350 | $68,475 |
| 60% | $39,660 | $45,300 | $50,940 | $56,580 | $61,140 | $65,640 | $70,200 | $74,700 |
Effective 04/01/2018
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