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  • $761,000

    5115 Chicago Ave, Minneapolis, MN 55417

    7beds
    4baths
    3,271sqft
    Triplex
    Built in 1957
    -- sqft lot
    $761,100 Zestimate®
    $233/sqft
    $2,493 Estimated rent

    Home value

    $761,100

    $700,000 - $830,000

    $2,493/mo

    Zestimate® history
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    $4,848/mo

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    What's special

    Discover this triplex, perched on a hill and designed in timeless mid-century modern style. Featuring an expansive and versatile layout, this property presents a rare opportunity for investors or owner-occupants seeking substantial income potential combined with aesthetic charm. Property Highlights: •Upper-Level Units (5115 & 5117): Two identical floor plan 2-bedroom units, offering comfortable and practical layouts. Skylights in kitchen. Differences between the units are the finishes. One unit has quartz counter tops; stainless steel appliances and updated cabinets. The other unit has mid-century modern cabinets and formica counter tops. Both have carpet and manufactured flooring. •Ground-Level Walkout Unit (5119): A fully updated 3 bedrooms, 2 bathrooms, with a modern kitchen including quartz countertops, stainless appliances, and a walkout family room with abundant natural light. This unit is currently rented on a month-to-month agreement, requiring 24-hour notice for showings. •Lot Size: The property sits on an extra-large lot across the street from a park and Minnehaha Creek, providing space and privacy that enhances its appeal. Fenced yard and patio above garage for outdoor enjoyment. Additional Features: •No Below-Ground Units: All units are above ground, ensuring bright interiors and easy accessibility. •Updates: See supplements for detailed information on major updates, ensuring peace of mind for buyers. With its prime location, unique architecture, 3 car garage, this triplex is a must-see for anyone seeking a well-rounded investment property. Schedule your showing today and explore the potential this gem has to offer!

    Zillow last checked:

    Listing updated:

    Listed by:

    Judith A Shields 952-221-1723,

    Coldwell Banker Realty - Lakes

    Bought with:

    Rita M Marr Gehrke

    Coldwell Banker Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6694187MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Heating
    • Baseboard, Boiler
    Appliances
    • Laundry: Common Area, Lower Level, Laundry Room
    Features
    • Basement: Egress Window(s),Finished,Full,Walk-Out Access
    Interior area
    • Total structure area: 3,271
    • Total interior livable area: 3,271 sqft
    • Finished area above ground: 1,852
    • Finished area below ground: 1,419

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached Garage
    • Garage spaces: 3
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Patio & porch: Deck, Patio, Side Porch, Wrap Around
    • Pool features: None
    • Fencing: Chain Link
    Lot
    • Size: 0.34 Acres
    • Dimensions: 120 x 124
    • Features: Near Public Transit, Tree Coverage - Medium
    Details
    • Foundation area: 1852
    • Parcel number: 1402824310057

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Roof: Pitched
    Condition
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: Minneapolis
    • Subdivision: Chicago Ave Highlands

    Price history

    DateEventPrice
    9/21/2025Listing removed$1,950$1/sqft
    Source: Zillow Rentals Report a problem
    9/18/2025Listed for rent$1,950$1/sqft
    Source: Zillow Rentals Report a problem
    6/16/2025Sold$761,000+1.5%$233/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6694187 Report a problem
    4/18/2025Pending sale$749,900$229/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6694187 Report a problem
    4/10/2025Listed for sale$749,900+31.6%$229/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6694187 Report a problem
    11/8/2018Sold$570,000-4.2%$174/sqft
    Source: NorthstarMLS as distributed by MLS GRID #4989822 Report a problem
    10/11/2018Pending sale$595,000+41.7%$182/sqft
    Source: Coldwell Banker Burnet - Crocus Hill #4989822 Report a problem
    9/16/2018Price change$420,000-29.4%$128/sqft
    Source: Coldwell Banker Burnet - Crocus Hill #4989822 Report a problem
    8/7/2018Listed for sale$595,000+105.2%$182/sqft
    Source: Coldwell Banker Burnet - Crocus Hill #4989822 Report a problem
    9/2/2017Listing removed$289,900$89/sqft
    Source: Fulton Realty #4865260 Report a problem
    8/14/2017Listed for sale$289,900$89/sqft
    Source: Fulton Realty #4865260 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,542 +16.9%$700,400 +1.5%
    2024$10,729 +5.6%$690,000 +5%
    2023$10,162 -2.7%$657,000 +4%
    2022$10,446 +3.8%$632,000 +2.8%
    2021$10,059 -2.9%$615,000
    2020$10,355 +2.9%$615,000 +5%
    2019$10,059 -2.9%$585,500 +8%
    2018$10,355 +41.1%$542,000 +19%
    2017$7,341 +4.7%$455,500 +15%
    2016$7,012 +1.9%$396,000 +14.9%
    2015$6,880 +7.3%$344,500 +8.5%
    2014$6,411 +0.9%$317,500
    2013$6,354 +0.1%$317,500 -2%
    2012$6,349 +16%$324,000
    2011$5,474 +1.1%$324,000 -13.4%
    2010$5,413 -8.3%$374,000 -6.9%
    2009$5,905 +18.1%$401,600 +12.3%
    2006$4,999 +10.4%$357,600 +15%
    2005$4,528 +8.6%$311,000 +15%
    2004$4,169 +11.4%$270,500 +12%
    2002$3,742 -57%$241,600
    2001$8,708 --

    Find assessor info on the county website

    Neighborhood: Hale

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $761,100
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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
    $761,100