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  • $284,200

    20941 Chippendale Ave, Farmington, MN 55024

    2beds
    2,200sqft
    Single Family Residence
    Built in 1961
    1.16 Acres Lot
    $290,400 Zestimate®
    $129/sqft
    $2,299 Estimated rent

    Home value

    $290,400

    $270,000 - $314,000

    $2,299/mo

    Zestimate® history
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    What's special

    Highway easementGreat bonesSecond adjacent lotAll new windowsEfficient heating systemMain floor laundryExcellent insulation
    Estate Sale! Handyman Special / Fixer Upper – Great Equity Builder! Split the Lots, Develop the Land – Residential or Commercial Potential! This charming, accessible home on 1.2 acres offers a rare combination of opportunity, flexibility, and value. Whether you're a savvy investor, DIY enthusiast, or developer, this property has enormous potential. The home features a professionally built $5,000 accessibility ramp leading to the front door, plus main floor laundry for added convenience. While it does need cosmetic updates, it has great bones and several key improvements already in place — including all new windows and excellent insulation. Even during last January's brutal -28°F cold snap, the home stayed a comfortable 78°F indoors thanks to an efficient heating system with ducted registers throughout. The property spans 1.2 acres total, including a second adjacent lot and a highway easement in front, offering potential to split and develop the land for residential or commercial use (buyer to verify zoning). The lower level could be finished off as a full apartment, ideal for rental income, guest quarters, or multigenerational living. A legal egress window is all that’s needed to bring it up to code and unlock even more value. Property is being sold as-is. Don’t miss out on this high-potential property – call today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Darren B Jorgenson 952-431-2400,

    RE/MAX Results

    Bought with:

    Israel Garcia

    National Realty Guild

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6788155MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 3
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    Bedroom
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Bedroom 2
    • Level: Main
    • Area: 198 Square Feet
    • Dimensions: 18x11
    Other
    • Level: Lower
    • Area: 276 Square Feet
    • Dimensions: 23x12
    Den
    • Level: Lower
    • Area: 132 Square Feet
    • Dimensions: 12x11
    Family room
    • Level: Main
    • Area: 288 Square Feet
    • Dimensions: 24x12
    Kitchen
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Living room
    • Level: Main
    • Area: 260 Square Feet
    • Dimensions: 20x13
    Mud room
    • Level: Main
    • Area: 160 Square Feet
    • Dimensions: 16x10
    Patio
    • Level: Main
    • Area: 150 Square Feet
    • Dimensions: 15x10
    Heating
    • Boiler, Forced Air, Fireplace(s)
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator, Wall Oven, Washer
    • Laundry: Laundry Room, Main Level
    Features
    • Basement: Block,Finished,Partially Finished
    • Number of fireplaces: 2
    • Fireplace features: Brick, Family Room, Living Room, Wood Burning
    Interior area
    • Total structure area: 2,200
    • Total interior livable area: 2,200 sqft
    • Finished area above ground: 1,640
    • Finished area below ground: 560

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Asphalt, Garage, Garage Door Opener
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions (24x48), Garage Door Height (9), Garage Door Width (24)
    Accessibility
    • Accessibility features: Accessible Approach with Ramp
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Patio
    • Pool features: None
    • Fencing: None
    Lot
    • Size: 1.16 Acres
    • Features: Tree Coverage - Heavy
    Details
    • Additional structures: Storage Shed
    • Foundation area: 1640
    • Parcel number: 120300081014
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Block
    • Roof: Age Over 8 Years
    Condition
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Electric: Circuit Breakers
    • Gas: Natural Gas
    • Sewer: City Sewer - In Street
    • Water: Well

    Community & HOA

    Community
    • Subdivision: Town/Farmington
    HOA
    • Has HOA: No
    Location
    • Region: Farmington

    Financial & listing details

    • Price per square foot: $129/sqft
    • Tax assessed value: $350,400
    • Annual tax amount: $3,462
    • Date on market: 9/12/2025
    • Cumulative days on market: 45 days

    Price history

    DateEventPrice
    11/24/2025Sold$284,200+1.5%$129/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6788155 Report a problem
    10/27/2025Pending sale$279,900$127/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6788155 Report a problem
    9/12/2025Listed for sale$279,900-26.3%$127/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6788155 Report a problem
    7/30/2025Listing removed--
    Source: Owner Report a problem
    5/5/2025Listed for sale$380,000$173/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,462 -8.1%$350,400 -5.7%
    2023$3,766 -8.5%$371,500 -7.7%
    2022$4,116 +8%$402,600 +23.8%
    2021$3,812 -3.5%$325,200 +0.4%
    2020$3,950 +7.3%$324,000 +9.4%
    2019$3,680 $296,200 +4.4%
    2018$3,680 +6.5%$283,800 +8.3%
    2017$3,455 +5.4%$262,100 +1.2%
    2016$3,279 -0.9%$259,100 +4.7%
    2015$3,309 -4.1%$247,359 +15.9%
    2014$3,452 +25.2%$213,460 +13.2%
    2013$2,757 +5.1%$188,499
    2012$2,624 -3.5%--
    2011$2,718 -6.2%--
    2010$2,897 -6.4%--
    2009$3,095 +2.3%--
    2008$3,024 +8.4%--
    2007$2,790 +10.1%--
    2006$2,534 +29.6%--
    2004$1,954 -0.3%--
    2003$1,961 +20.4%--
    2002$1,629 -30.5%--
    2001$2,344 --
    Find assessor info on the county website

    Neighborhood: 55024

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $290,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $290,400