Home Call Us About Login
Map Search Area Search MLS#/Addr Featured New Const. Local Info
My Account Buying Selling Title Mortgage Inspections

For Sale:  Minneapolis MLS# 7049824

My notes for this property


Add listing to my favorites (required)
Active
$474,900
/mo Edit
Multi-family:  Duplex Side by Side
4 br • 2 ba • Built 1939
2,386 sqft • 0.14 acres
MLS# 7049824
763-576-8286
My rating:
Favorite
Ask Question
Request a Showing  
Agent
Ask the Agent℠

Ask the Agent℠

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Terms & Conditions






    Thank You!

    An agent will be in contact with you soon to answer your question.

    Property Description

    Welcome to 5508 and 5510 Chicago Ave, a charming, classic all brick side by side duplex perfectly situated between Diamond Lake and Lake Nokomis. This beautiful property has timeless character with strong investment potential, making it an excellent opportunity for both homeownership and as an investment. Each unit has two bedrooms and a full bathroom, along with hardwood floors throughout. The layout of each unit is nearly identical, yet the updates and design of each space bring individuality and appeal. Separate basement areas (one side is partially finished) offer added privacy along with additional storage or potential for future use if finished to maximize space. With a fully fenced landscaped back yard and a nice cozy deck, this home offers great space to relax and enjoy the warmer months. Located just one block north of Todd Park and a few blocks from Pearl Park, this home has easy access to provide a great outdoor lifestyle while being within city limits. Occupants will also appreciate the walkable proximity to Lake Nokomis and Minnehaha Parkway, along with Kowalski’s, local shops and restaurants. The location offers convenient access to major roadways like 77, 62, and 35W and is just a short drive to the airport, making travel simple and efficient. Renting one unit will be easy because the current owner plans to stay on as a renter. You will have an opportunity to meet with the current owner before purchasing the duplex. This duplex delivers on location, character, and long term value!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $474,900
    Price per sq ft: $199
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1939
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55417
    Neighborhood/Area: 17
    Subdivision Name: Park Ave Terrace

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 2,386 ft2
    Living Area: 2,386 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Storage Space
    • Unfinished

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Dimensions: 19'3" x 19'1"
    Garage Size: 407 ft2
    Foundation Size: 1,919 ft2
    Foundation Dimensions: 28'5" x 3'5" x 23'5" x 32' x 23'5" x 3'6" x 27'7"
    Fencing: Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Detached Garage
    Shared Amenities: Deck
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    Pool: None
    Roof Details: Asphalt

    Rooms

    Laundry: In Basement

    Lot & Land

    Acres: 0.14
    Geolocation: 44.902962, -93.263069
    Lot Dimensions: 124 x 50
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $7,525
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,525

    Income

    Annual Gross Income: None
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

    Apply Online     Contact Eric     Subscribe to My Newsletter    

    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.