$485,000
$474,900
2.1%For more information regarding the value of a property, please contact us for a free consultation.
5508 Chicago AVE Minneapolis, MN 55417
4 Beds
2 Baths
2,386 SqFt
Key Details
Sold Price $485,000
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 2,386 sqft
Price per Sqft $203
Subdivision Park Ave Terrace
MLS Listing ID 7049824
Sold Date 06/12/26
Bedrooms 4
Year Built 1939
Annual Tax Amount $7,524
Tax Year 2026
Contingent None
Lot Size 6,098 Sqft
Lot Dimensions 124x50
Property Sub-Type Duplex Side by Side
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!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block, Daylight/Lookout Windows, Storage Space, Unfinished
Interior
Heating Forced Air
Fireplace No
Laundry In Basement
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Fence Wood
Pool None
Roof Type Asphalt
Building
Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light
Story One
Foundation 1919
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
New Construction false
Schools
School District Minneapolis
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