Come take a look at this lovely home on a corner lot in Red Lake Falls. This home could continue to stay a family home or you could possibly turn it into a duplex. The lower level has a spacious living area with dedicated space for a kitchenette. The upstairs has a comfortable feel with the kitchen, dining and living room, a bedroom and bath. Call for a showing.
Active
Price cut: $14K (7/10)
$175,000
502 Chicago Ave SW, Red Lake Falls, MN 56750
3beds
1,778sqft
Single Family
Built in 1994
6,969 Square Feet Lot
$169,000 Zestimate®
$98/sqft
$-- HOA
What's special
Comfortable feelCorner lot
- 88 days
- 216
- 15
Zillow last checked:
Listing updated:
Listed by:
Shelly Guzek 218-686-5827,
Hometown Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7087724
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Upper
Bedroom 2
- Level: Lower
Bedroom 3
- Level: Lower
Bathroom
- Level: Upper
Bathroom
- Level: Lower
Dining room
- Level: Upper
Garage
- Level: Main
Kitchen
- Level: Upper
Laundry
- Level: Upper
Living room
- Level: Upper
Living room
- Level: Lower
Storage
- Level: Lower
Heating
- Baseboard
Cooling
- Central Air
Appliances
- Laundry: Upper Level
Features
- Basement: Finished,Full
- Has fireplace: No
Interior area
- Total structure area: 1,872
- Total interior livable area: 1,778 sqft
- Finished area above ground: 936
- Finished area below ground: 842
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
- Details: Garage Dimensions (24 x24)
Accessibility
- Accessibility features: Grab Bars In Bathroom
Features
- Levels: Multi/Split
- Patio & porch: Deck
Lot
- Size: 6,969 Square Feet
- Dimensions: 50 x 140
- Features: Corner Lot
Details
- Foundation area: 936
- Parcel number: 173328000
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
Condition
- New construction: No
- Year built: 1994
Utilities & green energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Rlf-Rr Add
HOA
- Has HOA: No
Location
- Region: Red Lake Falls
Financial & listing details
- Price per square foot: $98/sqft
- Tax assessed value: $167,100
- Annual tax amount: $3,046
- Date on market: 6/6/2026
- Cumulative days on market: 13 days
Estimated market value
$169,000
$161,000 - $177,000
$1,771/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Price change | $175,000-7.4%$98/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7087724 Report a problem | ||
| 6/6/2026 | Listed for sale | $189,000$106/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7087724 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,092 -1% | $167,100 |
| 2024 | $3,124 +10.1% | $167,100 |
| 2023 | $2,838 -7.9% | $167,100 +19.7% |
| 2022 | $3,080 -0.5% | $139,600 +12.5% |
| 2021 | $3,094 -1.5% | $124,100 -0.5% |
| 2020 | $3,142 +13.7% | $124,700 -0.5% |
| 2019 | $2,764 +3.8% | $125,300 +2.7% |
| 2018 | $2,664 -6.8% | $122,000 |
| 2017 | $2,858 | $122,000 |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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