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  • $391,000

    5541 40th Ave S, Minneapolis, MN 55417

    3beds
    1,979sqft
    Single Family
    Built in 1948
    4,791 Square Feet Lot
    $390,500 Zestimate®
    $198/sqft
    $2,803 Estimated rent

    Home value

    $390,500

    $363,000 - $418,000

    $2,803/mo

    Zestimate® history
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    What's special

    ***Multiple offers received. Highest & Best OFFERS DUE by Saturday, May 9 at 5:00 pm. Located on an inviting street in south Minneapolis, this adorable home shines with both classic charm and modern touches. As you enter, the original, newly-refinished (2026) hardwood floors create a warm environment made for gatherings. Notice the updated windows letting in oodles of natural light. The dining area leads to a sliding door onto the lovely deck and lower paver patio — the perfect spot for dinners indoors or out, for entertaining friends and family, or enjoying your morning coffee bathed in sunlight. Kitchen highlights include attractive, modern cabinetry and slate tile flooring. Write your recipes directly on the high-end refrigerator (2025), as the shiny white doors serve as a reusable white board. In addition to two bedrooms on the main floor, you’ll find an updated, stylish bathroom (2023). Venture upstairs to find a third bedroom with a generous walk-in closet, modern cork plank flooring, and updated lighting. New attic insulation (2025) will help keep you cozy warm in winter and comfortably cool in the summer. Descend the basement steps to find a spacious family room with fresh carpet (2026) for movie or board game nights with friends. The flat screen TV and mount come with the home! The egress window also means this could one day be a fourth bedroom. Note the convenient, adjoining three-quarter bath. The large utility room includes plenty of storage. The surrounding yard provides a myriad of edible treats in the organically-grown and lovingly-maintained landscaping. Well-established native and flowering perennials in the front attract a variety of pollinators and colorful butterflies. Amidst the front, sides, and back, you’ll discover two plum and two cherry trees; and serviceberry, dwarf cherry, golden and red raspberry, and blueberry bushes! All produce lots of fruit for eating and preserving. Note the modern, two-car garage. It features a large 18’ by 12’ adjoining, insulated shop for the woodworker in you, or add a doggy door and use as an indoor/outdoor fenced dog kennel area. Morris Park is just across the street with lots of green space, and the neighborhood is perfect for a summer stroll. You’ll be a short drive to Highways 55 and 62, to quickly get anywhere in the Twin Cities for a speedy commute. Oxendale’s Market and Nokomis Hardware are a mile or less away, along with other nearby spots for dinner or treats — Crema Coffee + Creme (soft serve!), Dominguez Family Restaurant, and Bull's Horn Food and Drink. Don’t miss your chance to live in the rich warmth of this special home on a cute south Minneapolis street!

    Zillow last checked:

    Listing updated:

    Listed by:

    Pete Tedrow 651-497-6923,

    BRIX Real Estate

    Bought with:

    Tony Farah

    Coldwell Banker Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7028109MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    Bedroom
    • Level: Main
    • Area: 97.22 Square Feet
    • Dimensions: 10'5"x9'4"
    Bedroom 2
    • Level: Main
    • Area: 91.28 Square Feet
    • Dimensions: 10'4"x8'10"
    Bedroom 3
    • Level: Upper
    • Area: 116.32 Square Feet
    • Dimensions: 10'5"x11'2"
    Dining room
    • Level: Main
    • Area: 86.25 Square Feet
    • Dimensions: 9'x9'7"
    Family room
    • Level: Basement
    • Area: 449.97 Square Feet
    • Dimensions: 27'10"x16'2"
    Kitchen
    • Level: Main
    • Area: 86.13 Square Feet
    • Dimensions: 8'10"x9'9"
    Living room
    • Level: Main
    • Area: 200.96 Square Feet
    • Dimensions: 15'2"x13'3"
    Office
    • Level: Upper
    • Area: 111.53 Square Feet
    • Dimensions: 18'4"x6'1"
    Utility room
    • Level: Basement
    • Area: 354.88 Square Feet
    • Dimensions: 27'10"x12'9"
    Walk in closet
    • Level: Upper
    • Area: 49.14 Square Feet
    • Dimensions: 9'8"x5'1"
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
    • Laundry: In Basement, Lower Level
    Features
    • Basement: Finished,Full
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 1,979
    • Total interior livable area: 1,979 sqft
    • Finished area above ground: 1,132
    • Finished area below ground: 478

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached Garage, Asphalt, No Int Access to Dwelling
    • Garage spaces: 2
    • Details: Garage Dimensions (22x24), Garage Door Height (7), Garage Door Width (16)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One and One Half
    • Stories: 1.5
    • Patio & porch: Deck, Patio
    • Pool features: None
    • Fencing: Chain Link,Full
    Lot
    • Size: 4,791 Square Feet
    • Dimensions: 40 x 128
    • Features: Tree Coverage - Medium
    Details
    • Additional structures: Garage(s), Workshop
    • Foundation area: 847
    • Parcel number: 1902823120147
    • 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: 1948

    Utilities & green energy

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

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $198/sqft
    • Tax assessed value: $306,700
    • Annual tax amount: $4,465
    • Date on market: 5/2/2026
    • Cumulative days on market: 8 days

    Price history

    DateEventPrice
    5/29/2026Sold$391,000+16.7%$198/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7028109 Report a problem
    5/15/2026Pending sale$335,000$169/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7028109 Report a problem
    5/7/2026Listed for sale$335,000+55.9%$169/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7028109 Report a problem
    9/28/2007Sold$214,900+4.8%$109/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #1371600 Report a problem
    6/2/2004Sold$205,000$104/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,233 +7.7%$306,700 +1.2%
    2024$3,929 +4.8%$303,000 -2.3%
    2023$3,751 +3.5%$310,000 +5.1%
    2022$3,624 +11.2%$295,000 +8.1%
    2021$3,260 -1.4%$273,000 +6.6%
    2020$3,305 +1.4%$256,000 +6%
    2019$3,260 -1.4%$241,500
    2018$3,305 +10.1%$241,500 +22.9%
    2017$3,002 +8.7%$196,500 +8.6%
    2016$2,763 +6.7%$181,000 +7.7%
    2015$2,588 +4.3%$168,000 +3.7%
    2014$2,482 -4.7%$162,000 +3.2%
    2013$2,605 -7.4%$157,000 -8.2%
    2012$2,813 +0.7%$171,000
    2011$2,794 +4.3%$171,000 -8.3%
    2010$2,678 -6.6%$186,500 -10%
    2009$2,866 +38.8%$207,200 +27.7%
    2006$2,065 +11.5%$162,200 +15%
    2005$1,851 +8.2%$141,100 +15%
    2004$1,711 +12.7%$122,700 +12%
    2002$1,518 -51.8%$109,600
    2001$3,153 --
    Find assessor info on the county website

    Neighborhood: Morris Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $390,500
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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
    $390,500