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MLS: #7049824, Listed By: Travis Erickson, RE/MAX Results, Source:FargoMoorhead Area Association of REALTORS

5508 Chicago Avenue

Minneapolis, MN 55417
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$474,900 $2,002/Mo
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Bed 4

Bed

Bath 2

Bath

SqFt2,386

Sqft

Acres0.14

Acre(Lot)

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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $474,900

AD Id : 78646537

MLS Id : 7049824

Beds : 4

Lot Size : 0.14 Acre

Living Area Size : 2,386

Year Built : 1939

Garage : 2

County : Hennepin

Subdivision: Rural Tract (no Subd)

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 2

    Room Information

    Has Basement: Yes Basement: Storage Space, Unfinished, Block, Concrete

  • Roofing Information

    Asphalt, Shingle

  • Interior Features

    Roof: Asphalt, Shingle Laundry Features: In Basement

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1939 Building Area Total: 3838 Stories: 1 Patio And Porch Features: Deck Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 124x50 Main Square Feet: 0.14 Acres Lot Size Acres: 0.14 Lot Size Square Feet: 6098.4 Lot Description: Near Public Transit

    Property Information

    Subdivision: Park Ave Terrace Source Property Type: Residential Income Property SubType: Duplex Levels: One Property Age: 87

  • Listing Price Information

    Listing Price: $474900 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 2302824220119 Annual Tax: $7524.56

  • Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: From Cedar Ave S, turn West onto E Minnehaha Pkwy, turn South onto Chicago Ave, West to home WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4848 Bloomington Avenue, Minneapolis, MN, 55417 $524,900 4 2 1,664 1,664 SqFt
6021 Chicago Avenue, Minneapolis, MN, 55417 $469,900 4 2 2,311 2,311 SqFt
5538 Chicago Avenue, Minneapolis, MN, 55417 $499,900 4 4 4,335 4,335 SqFt

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/11/2026 @ 19:49

MLS: 7049824 LISTED BY: Travis Erickson, RE/MAX Results 651-698-8006 SOURCE: FargoMoorhead Area Association of REALTORS

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