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$730,000 -$10,000 (-1.35%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 2,137 Sq. Ft.
  • 1 Car Garage
  • Updated 3 days ago

Next open house:

Open House: 10:30 AM - 12:30 PM

Sunday 4/19 10:30 AM - 12:30 PM

5040 Russell Avenue S,Minneapolis, MN 55410

5040 Russell Avenue SMinneapolisMN55410

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Fully reimagined, this stylish Fulton retreat offers a rare blend of high-end updates and soulful, curated interiors. Just blocks from Lake Harriet, the home features professional design with custom wallpapers and designer lighting throughout. Beyond turnkey ready, the property is polished for a move-in ready experience - furnishings negotiable. A climate-controlled flex space serves as a game room, office, or 4th bedroom. Significant home upgrades include a new roof, water heater, and 200-amp electrical with EV charging. The private, fenced yard is an urban oasis with a new saltwater Hot Tub, custom gazebo, and all-new concrete patio. A true SW Minneapolis gem, polished and ready for its next chapter. Walk-up attic off primary bedroom could be an exciting area to expand into whatever you can dream up. Perfect for relocation buyers or someone looking to get into an incredible Airbnb opportunity *Property is available only during certain timeslots due to nature of being a boutique rental. Will be marked TNAFS during guests*

Full Property Details for 5040 Russell Ave S

General

  • Price: $730,000
  • Taxes: $8,609 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7030065
  • Updated: 4/15/2026
  • Added to Site: 46 day(s) ago

Interior

  • Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Separate Formal Dining Room
  • Formal Dining Room: Separate/Formal Dining Room
  • Laundry: Laundry Room, Laundry Room

Additional Information

  • Amenities: Deck, Patio, Porch, Tile Floors, Walk-Up Attic

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 9'2" x 21'5"
  • Garage Spaces: 1
  • Parking Features: Assigned, Attached Garage, Concrete, Garage Door Opener, Tuckunder Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Reeve Park 3rd Div
  • Neighborhood: 28
  • Driving Directions: 50th Street to Russell Avenue, south to home.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air, Ductless Mini-Split
  • Heating Type: Ductless Mini-Split, Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Partially Finished
  • Foundation Size: 672
  • Disability Access: None
  • Square Feet: 2,137
  • Above Ground: 1,371 Sq. Ft.
  • Below Ground: 773 Sq. Ft.
  • Finished Down/Base.: 2,144 Sq. Ft.
  • Year Built: 1923

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 40 x 128
  • Zoning: Residential-Single Family
  • Fencing (Description): Full, Vinyl, Wood

Financial Considerations

  • Tax Amount: $8,609.7
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: LOT 011 BLOCK 003 REEVE PARK 3RD DIV
  • Property ID: 1702824410066

Listed by Fox Realty

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Listing agent

— 5040 Russell Ave S —

  • Fox Realty

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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 Russell Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lake Harriet Upper School
4912 Vincent Avenue South, Minneapolis, MN 55410
3-50.3 mi
Lake Harriet Lower Elementary School
4030 Chowen Avenue South, Minneapolis, MN 55410
K-21.4 mi
Anthony Middle School
5757 Irving Avenue South, Minneapolis, MN 55419
6-81.1 mi
Southwest High School - SWS
3414 West 47th St, Minneapolis, MN 55408
9-120.8 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 Russell Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/15/2026
Price Reduced
$730,000
-1.35%
MLS
3/25/2026
Price Reduced
$740,000
-1.33%
MLS
3/04/2026
Listed
$750,000
23.76%
MLS
11/22/2024
Sold
$606,000
—
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 Russell Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,340
13%
$551,000
—
2023
$7,360
3%
$553,000
3%
2023
$7,166
—
$537,000
10%
2023
$7,166
5%
$488,000
4%
2020
$6,824
-5%
$470,500
—
2019
$7,215
12%
$470,500
13%
2018
$6,454
4%
$416,500
7%
2017
$6,194
4%
$388,950
7%
2016
$5,981
-6%
$362,790
—
2015
$6,365
7%
$362,790
16%
2014
$5,945
-1%
$313,740
—
2013
$5,980
—
$313,740
—
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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Listed by Fox Realty

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5040 Russell Avenue S, Minneapolis, MN 55410 (MLS# 7030065) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 5040 Russell Avenue S is currently listed for $730,000 and was received on March 04, 2026. Want to learn more about 5040 Russell Avenue S? Do you have questions about finding other Single Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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