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  • $320,000

    5234 40th Ave S, Minneapolis, MN 55417

    2beds
    1,620sqft
    Single Family
    Built in 1915
    7,840 Square Feet Lot
    $320,100 Zestimate®
    $198/sqft
    $1,929 Estimated rent

    Home value

    $320,100

    $298,000 - $346,000

    $1,929/mo

    Zestimate® history
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    What's special

    Tucked into the vibrant Minnehaha neighborhood of South Minneapolis, this inviting home offers the perfect balance of character, thoughtful updates, and outdoor space. Set on a rare 60-foot-wide lot, the property provides room to relax, entertain, and enjoy the outdoors while still being just moments from Minnehaha Falls, the Mississippi River trail system, neighborhood cafés, and local parks. The main level welcomes you with warm hardwood floors, abundant natural light, and comfortable living spaces that create an inviting atmosphere from the moment you step inside. The living room flows naturally into the dining area, creating an open, connected layout that works beautifully for everyday living and hosting friends and family. The kitchen has been thoughtfully refreshed with a series of updates that enhance both function and style. Kitchen appliances were updated in 2019, followed by new countertops, backsplash, and sink installed in 2020, creating a clean and modern workspace with ample cabinet storage and room to prepare meals with ease. The home offers two bedrooms and a full bathroom, providing a practical and efficient layout. The bathroom has also been updated with a new vanity and flooring in 2023, and a new bathroom fan was added in 2019, creating a bright, refreshed space. Upstairs features new carpet installed in 2021, adding a comfortable, cozy feel and offering additional flexibility for a bedroom or living space. A number of important mechanical and efficiency improvements have been completed over the years. Attic insulation was added in 2019, and crawl space and rim joist insulation were installed in 2022 to improve comfort and efficiency throughout the home. Outside, the property truly shines. The spacious lot offers mature trees and additional room to relax, garden, or entertain. A patio installed in 2019 creates a wonderful setting for outdoor gatherings, while new back steps and a new back door installed the same year provide convenient access to the backyard. The detached garage has also seen several improvements, including new siding and paint in 2023, a new garage door installed in 2025, and an EV-ready 240-volt outlet also added in 2025. The garage roof was replaced in 2018. Located in one of Minneapolis’ most beloved neighborhoods, this home offers convenient access to Minnehaha Falls, the Mississippi River trail system, neighborhood parks, restaurants, coffee shops, and light rail access for easy commuting to downtown Minneapolis, St. Paul, and the airport. With its combination of updates, outdoor space, and exceptional location, this home presents a wonderful opportunity to enjoy the best of South Minneapolis living.

    Zillow last checked:

    Listing updated:

    Listed by:

    Success Home Team 651-571-0665,

    Keller Williams Select Realty

    Bought with:

    Christian H Klempp

    Compass

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6813852MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Bedroom
    • Level: Upper
    • Area: 132 Square Feet
    • Dimensions: 12x11
    Bedroom 2
    • Level: Upper
    • Area: 121 Square Feet
    • Dimensions: 11x11
    Dining room
    • Level: Main
    • Area: 180 Square Feet
    • Dimensions: 12x15
    Kitchen
    • Level: Main
    • Area: 112 Square Feet
    • Dimensions: 7x16
    Laundry
    • Level: Lower
    Living room
    • Level: Main
    • Area: 192 Square Feet
    • Dimensions: 12x16
    Patio
    • Level: Main
    • Area: 324 Square Feet
    • Dimensions: 18x18
    Storage
    • Level: Lower
    Heating
    • Baseboard, Forced Air
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer
    • Laundry: In Basement, Gas Dryer Hookup, Lower Level, Sink, Washer Hookup
    Features
    • Basement: Crawl Space,Egress Window(s),Full,Storage Space,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 1,620
    • Total interior livable area: 1,620 sqft
    • Finished area above ground: 980
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached Garage, Concrete, Electric Vehicle Charging Station(s), Garage Door Opener
    • Garage spaces: 1
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One and One Half
    • Stories: 1.5
    • Patio & porch: Patio
    • Pool features: None
    • Fencing: None
    Lot
    • Size: 7,840 Square Feet
    • Dimensions: 128 x 60
    • Features: Near Public Transit, Tree Coverage - Light
    Details
    • Additional structures: Garage(s)
    • Foundation area: 640
    • Parcel number: 1802823430045
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family
    Materials
    • Frame
    • Roof: Age Over 8 Years,Asphalt,Pitched
    Condition
    • New construction: No
    • Year built: 1915

    Utilities & green energy

    • Electric: Circuit Breakers, 100 Amp Service, Power Company: Xcel Energy
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Minnehaha Falls 2nd Add
    HOA
    • Has HOA: No
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $198/sqft
    • Tax assessed value: $337,100
    • Annual tax amount: $4,724
    • Date on market: 3/18/2026
    • Cumulative days on market: 4 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/23/2026Sold$320,000+6.7%$198/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6813852 Report a problem
    3/18/2026Pending sale$300,000$185/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6813852 Report a problem
    3/10/2026Listing removed$300,000$185/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6813852 Report a problem
    3/6/2026Listed for sale$300,000+32.8%$185/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6813852 Report a problem
    7/16/2018Sold$225,850+2.7%$139/sqft
    Source: NorthstarMLS as distributed by MLS GRID #4943894 Report a problem
    6/21/2018Listed for sale$220,000$136/sqft
    Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4943894 Report a problem
    6/21/2018Pending sale$220,000$136/sqft
    Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4943894 Report a problem
    6/14/2018Listed for sale$220,000+20.2%$136/sqft
    Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4943894 Report a problem
    10/17/2005Sold$183,090$113/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,725 +5.5%$337,100 +9.4%
    2024$4,480 +23.2%$308,000 -3.4%
    2023$3,637 +2.5%$319,000 +11.1%
    2022$3,550 +18.1%$287,000 +7.1%
    2021$3,006 -2.3%$268,000 +12.4%
    2020$3,078 +2.4%$238,500 +5.1%
    2019$3,006 -2.3%$227,000 +5.1%
    2018$3,078 +6.1%$216,000 +11.9%
    2017$2,900 -2.4%$193,000 +10%
    2016$2,971 +6.6%$175,500
    2015$2,787 -4.6%$175,500 +5.1%
    2014$2,923 +4.4%$167,000 +7.1%
    2013$2,800 -4.7%$156,000 -7.1%
    2012$2,936 -2.4%$168,000 -6.9%
    2011$3,009 +14.6%$180,500 +0.1%
    2010$2,627 -1.1%$180,300
    2009$2,656 +54.9%$180,300 +29.8%
    2006$1,714 +12%$138,900 +15%
    2005$1,530 +10.8%$120,800 +15.7%
    2004$1,381 +18%$104,400 +15.2%
    2002$1,170 -49%$90,600
    2001$2,296 --
    Find assessor info on the county website

    Neighborhood: Minnehaha

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $320,100
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    Estimated market value
    $320,100