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Off market
  • $530,400

    5500 Chicago Ave, Minneapolis, MN 55417

    4beds
    1,864sqft
    MultiFamily
    Built in 1939
    -- sqft lot
    $530,400 Zestimate®
    $285/sqft
    $2,076 Estimated rent

    Home value

    $530,400

    $504,000 - $562,000

    $2,076/mo

    Zestimate® history
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    Owner options

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    $2,076/mo

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    Rent Zestimate®

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    $3,332/mo

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    $3,332/mo

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    What's special

    For Sale By Owner at (612) 825-0492. Here is a rare opportunity to own a charming brick duplex on a corner lot in the exceptional Diamond Lake neighborhood of South Minneapolis. This property is outstanding as either an owner-occupied or an investment property. Two units mirror one another in a side-by-side layout with hardwood floors throughout, each having a spacious living room, dining room, kitchen, 2 bedrooms, 1 bath, and separate unfinished basements that can be utilized as an entertainment room with ample storage. Each unit has their own individual forced-air gas furnace, central air conditioning, hot water heater, washer and dryer. Two-car detached garage has space on driveway for additional off-street parking. Pictures are first of the 5500 unit (taken before tenant occupation in Spring 2020) and then of the 5502 unit (taken before tenant occupation in Spring 2007). The Diamond Lake neighborhood is a very convenient location for walking to Minnehaha Parkway, Lake Nokomis, Diamond Lake, Todd and Pearl city parks, and only one block from a bus route stop, Kowalski’s Market, restaurants and shops. Both units are currently under lease, so viewings of the property must be by appointment only. You need to see this one!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 1,864 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Features
    • Exterior features: Wood
    Lot
    • Size: 7,173 sqft
    Details
    • Parcel number: 2302824220117

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Wood
    • Roof: Asphalt
    Condition
    • Year built: 1939

    Community & neighborhood

    Location
    • Region: Minneapolis

    Price history

    DateEventPrice
    3/27/2024Listing removed--
    Source: Zillow Rentals Report a problem
    3/21/2024Price change$1,650-13.2%$1/sqft
    Source: Zillow Rentals Report a problem
    2/22/2024Listed for rent$1,900$1/sqft
    Source: Zillow Rentals Report a problem
    9/13/2021Sold$448,000-2.4%$240/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6010276 Report a problem
    7/29/2021Pending sale$459,000$246/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6010276 Report a problem
    7/8/2021Price change$459,000-2.5%$246/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6010276 Report a problem
    6/16/2021Listed for sale$471,000+2.6%$253/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6010276 Report a problem
    4/18/2021Listing removed--
    Source: Owner Report a problem
    4/14/2021Listed for sale$459,000+14.5%$246/sqft
    Source: Owner Report a problem
    7/14/2005Sold$401,000$215/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,811 +12.1%$546,100 +16.2%
    2024$7,859 +2.8%$470,000 -1.1%
    2023$7,647 +8.8%$475,000 +3.7%
    2022$7,032 -2.6%$458,000 +10.6%
    2021$7,221 +18.4%$414,000 -6.2%
    2020$6,098 -15.5%$441,500 +5%
    2019$7,221 +18.4%$420,500 +8%
    2018$6,098 +17.3%$389,500 +31.1%
    2017$5,200 +17.3%$297,000 +12.1%
    2016$4,431 +8.2%$265,000 +15%
    2015$4,095 +11.5%$230,500 +5.3%
    2014$3,674 -1.4%$219,000
    2013$3,728 -9%$219,000 -10.1%
    2012$4,098 +4.9%$243,500
    2011$3,907 +0.8%$243,500 -11.3%
    2010$3,874 -11.9%$274,500 -10%
    2009$4,397 -4.3%$305,100 +14.9%
    2006$4,592 +2.7%$265,600 +15%
    2005$4,472 +9.5%$231,000 +18.3%
    2004$4,085 +14.2%$195,200 +18.1%
    2002$3,577 -48%$165,300
    2001$6,882 --

    Find assessor info on the county website

    Neighborhood: Diamond Lake

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $530,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $530,400