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$400,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 4 Beds
  • 2 Total Baths
  • 2,346 Sq. Ft.
  • 2 Car Garage
  • Updated 1 hour ago
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Rarely available side-by-side brick duplex in the heart of Tangletown, one of Southwest Minneapolis' most coveted neighborhoods. Perfectly positioned near 50th & Nicollet, this exceptional property is within walking distance of Minnehaha Creek, lakes, parks, top-rated schools, local shops, restaurants, and transit options. Each generously sized unit offers hardwood floors and in-unit laundry, while the detached two-car garage and additional off-street parking provide added convenience. Whether you're seeking an owner-occupied investment, steady rental income, or a long-term portfolio asset, this is an outstanding opportunity to own a property in a premier Minneapolis location.

Full Property Details for 5040 Nicollet Ave

General

  • Price: $400,000
  • Taxes: $9,052 (2025)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7157503
  • Updated: Today (10/12/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Basement, Gas Dryer Hookup, Lower Level, Sink, Washer Hookup, In Basement, Gas Dryer Hookup, Lower Level, Sink, Washer Hookup

Additional Information

  • Shared Amenities: None

Exterior

  • Porch/Patio/Deck: Front Porch

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Concrete, Multiple Garages, No Int Access to Dwelling, Shared Garage/Stall

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Washburn hill Addn to Mpls
  • Neighborhood: 76
  • Driving Directions: 50th St. to Nicollet, South to Home

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Block, Brick, Concrete, Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Daylight/Lookout Windows, Partially Finished
  • Foundation Size: 1936
  • Roof: Age Over 8 Years, Asphalt, Pitched
  • Disability Access: Reduced Height Counters
  • Square Feet: 2,346
  • Above Ground: 1,936 Sq. Ft.
  • Below Ground: 1,936 Sq. Ft.
  • Finished Down/Base.: 3,872 Sq. Ft.
  • Year Built: 1940

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Dimensions: 53 x 140
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Zoning: Residential-Multi-Family, Residential-Single Family
  • Lot Description: Public Transit (w/in 6 blks), Irregular Lot, Light Tree Coverage

Financial Considerations

  • Operating Expenses: $6,782.29
  • Tax Amount: $9,052
  • Tax Year: 2025
  • Terms: Conventional Rehab, Conventional, VA, FHA, FHA 203(k), Cash, MHFA/WHEDA, Special Funding
  • Owner Pays: Exterior Maintenance, Grounds Care, Repairs, Roof Maintenance, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Broadband, Cable TV, Electricity, Heat, Hot Water
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Heat: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: LOT 012 WASHBURN HILL ADDN TO MPLS
  • Property ID: 1502824310099

Listed by Keller Williams Preferred Rlty

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— 5040 Nicollet Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 5040 Nicollet Ave

School District:Minneapolis Public School District
NameGradesDistance
Burroughs Elementary School
1601 West 50th Street, Minneapolis, MN 55419
K-51.1 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-80.2 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5040 Nicollet Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/12/2026
Listed
$400,000
92.96%
MLS
12/02/2010
Sold
$207,300
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5040 Nicollet Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,191
2%
$485,800
-2%
2025
$9,052
16%
$498,000
4%
2023
$7,776
-3%
$481,000
—
2023
$8,004
—
$483,000
8%
2023
$8,004
12%
$447,000
14%
2020
$7,169
7%
$390,500
10%
2019
$6,719
10%
$355,000
12%
2018
$6,096
4%
$317,000
7%
2017
$5,836
-3%
$296,000
—
2016
$6,015
4%
$296,000
10%
2015
$5,772
1%
$270,000
9%
2014
$5,725
-1%
$248,500
—
2013
$5,764
—
$248,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5040 Nicollet Avenue, Minneapolis, MN 55419 (MLS# 7157503) is a Duplex property with 4 bedrooms and 0 full bathrooms. 5040 Nicollet Avenue is currently listed for $400,000 and was received on October 12, 2026. Want to learn more about 5040 Nicollet Avenue? Do you have questions about finding other Duplex real estate for sale in Tangletown? You can browse all Tangletown real estate or contact a Coldwell Banker agent to request more information.

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