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  • $485,000

    5508 Chicago Ave, Minneapolis, MN 55417

    4beds
    2baths
    3,838sqft
    Duplex Side by Side
    Built in 1939
    -- sqft lot
    $484,600 Zestimate®
    $126/sqft
    $2,341 Estimated rent

    Home value

    $484,600

    $451,000 - $519,000

    $2,341/mo

    Zestimate® history
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    $3,047/mo

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    What's special

    Hardwood floors throughoutSeparate basement areasCozy deck
    Welcome to 5508 and 5510 Chicago Ave, a charming, classic all brick side by side duplex perfectly situated between Diamond Lake and Lake Nokomis. This beautiful property has timeless character with strong investment potential, making it an excellent opportunity for both homeownership and as an investment. Each unit has two bedrooms and a full bathroom, along with hardwood floors throughout. The layout of each unit is nearly identical, yet the updates and design of each space bring individuality and appeal. Separate basement areas (one side is partially finished) offer added privacy along with additional storage or potential for future use if finished to maximize space. With a fully fenced landscaped back yard and a nice cozy deck, this home offers great space to relax and enjoy the warmer months. Located just one block north of Todd Park and a few blocks from Pearl Park, this home has easy access to provide a great outdoor lifestyle while being within city limits. Occupants will also appreciate the walkable proximity to Lake Nokomis and Minnehaha Parkway, along with Kowalski’s, local shops and restaurants. The location offers convenient access to major roadways like 77, 62, and 35W and is just a short drive to the airport, making travel simple and efficient. Renting one unit will be easy because the current owner plans to stay on as a renter. You will have an opportunity to meet with the current owner before purchasing the duplex. This duplex delivers on location, character, and long term value!

    Zillow last checked:

    Listing updated:

    Listed by:

    Travis L Erickson 612-900-3878,

    RE/MAX Results

    Bought with:

    Manuel Diaz

    National Realty Guild

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7049824MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air
    Appliances
    • Laundry: In Basement
    Features
    • Basement: Block,Daylight,Storage Space,Unfinished
    Interior area
    • Total structure area: 3,838
    • Total interior livable area: 3,838 sqft
    • Finished area above ground: 1,919
    • Finished area below ground: 467

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached Garage
    • Garage spaces: 2
    • Details: Garage Dimensions (19'3" x 19'1")
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Patio & porch: Deck
    • Pool features: None
    • Fencing: Wood
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 124 x 50
    • Features: Near Public Transit, Tree Coverage - Light
    Details
    • Foundation area: 1919
    • Parcel number: 2302824220119
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex Side by Side
    Materials
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1939

    Utilities & green energy

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

    Community & HOA

    Community
    • Subdivision: Park Ave Terrace
    HOA
    • Amenities included: Deck
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $126/sqft
    • Tax assessed value: $490,100
    • Annual tax amount: $7,524
    • Date on market: 5/14/2026
    • Cumulative days on market: 19 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/12/2026Sold$485,000+2.1%$126/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7049824 Report a problem
    5/19/2026Pending sale$474,900$124/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7049824 Report a problem
    5/14/2026Listed for sale$474,900$124/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7049824 Report a problem
    4/24/2026Listing removed$474,900$124/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7049824 Report a problem
    4/10/2026Listed for sale$474,900+421.9%$124/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7049824 Report a problem
    7/1/1992Sold$91,000$24/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,590 +11.4%$490,100 +8.9%
    2024$5,914 +0.8%$450,000 -0.9%
    2023$5,866 +4.4%$454,000 +2.3%
    2022$5,617 +1.4%$444,000 +9.4%
    2021$5,537 -2.7%$406,000 -1.8%
    2020$5,691 +2.8%$413,500 +4.9%
    2019$5,537 -2.7%$394,000 +7.9%
    2018$5,691 +17.5%$365,000 +22.9%
    2017$4,843 +9.3%$297,000 +11.2%
    2016$4,431 +2.8%$267,000 +15.1%
    2015$4,311 +10.9%$232,000 +5.2%
    2014$3,885 -1.6%$220,500
    2013$3,948 -8.4%$220,500 -9.8%
    2012$4,312 +9.9%$244,500
    2011$3,924 +1.1%$244,500 -11.1%
    2010$3,882 -11.9%$275,000 -10%
    2009$4,404 +22.1%$305,500 +15.3%
    2006$3,607 +10.7%$264,900 +15%
    2005$3,257 +12.5%$230,400 +18.4%
    2004$2,895 +19.4%$194,600 +18.4%
    2002$2,425 -55.3%$164,300
    2001$5,423 --
    Find assessor info on the county website

    Neighborhood: Diamond Lake

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $484,600
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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
    $484,600