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$299,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 874 Sq. Ft.
  • 2 Car Garage
  • Updated 19 hours ago
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Nestled in the heart of South Minneapolis' highly sought-after Minnehaha neighborhood, this charming 2-bedroom, 1-bath home offers the perfect blend of character, convenience, and urban adventure. Filled with natural light and timeless appeal, this inviting home provides comfortable living spaces and a functional layout ready for its next chapter. Outside, the property truly shines. The spacious oversized, fenced lot offers mature trees and additional room to relax, garden, or entertain. Don't forget a spacious detached garage. Windows, AC, furnace, water heater are all less than 5 years old. Step outside and enjoy one of Minneapolis' most desirable locations. Just minutes from the iconic Minnehaha Regional Park, you'll have easy access to scenic walking and biking trails, beautiful waterfalls, picnic areas, playgrounds, and year-round outdoor recreation. The nearby METRO Blue Line provides convenient access to downtown Minneapolis, downtown St. Paul, Minneapolis-Saint Paul International Airport, and the Mall of America. Enjoy neighborhood coffee shops, restaurants, local breweries, parks, and the extensive Grand Rounds trail system all just moments from your front door. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity in one of Minneapolis' most beloved neighborhoods, this home offers an exceptional combination of value, location, and lifestyle.

Full Property Details for 5206 40th Ave S

General

  • Price: $299,900
  • Taxes: $4,536 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7063287
  • Updated: 6/6/2026
  • Added to Site: 4 day(s) ago

Interior

  • Appliances: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Eat-In Kitchen
  • Formal Dining Room: Eat In Kitchen
  • Laundry: In Basement, Lower Level, In Basement, Lower Level

Additional Information

  • Amenities: Hardwood Floors, Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Enclosed, Front Porch

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Concrete, Garage Door Opener

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Minnehaha Falls 2nd Add
  • Neighborhood: 55
  • Driving Directions: Hwy 55 to E 50th Street and go West. Turn left/South onto 40th Ave S.

School Information

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

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected, City Sewer in Street
  • Water: City Water (Connected), City Water (In-Street)

Structural Information

  • Exterior Const.: Block
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation Size: 528
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 874
  • Above Ground: 874 Sq. Ft.
  • Below Ground: 500 Sq. Ft.
  • Finished Down/Base.: 1,374 Sq. Ft.
  • Year Built: 1913

Lot Features

  • Lot Size (Acres): 6,412
  • Lot Dimensions: 50 x 128
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks
  • Zoning: Residential-Single Family
  • Lot Description: Light Tree Coverage
  • Fencing (Description): Chain Link

Financial Considerations

  • Tax Amount: $4,536.04
  • Tax Year: 2026
  • Terms: Adj. Rate/Gr Payment, Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: MINNEHAHA FALLS SECOND ADDITION TO MINNEAPOLIS Lot 2 Block 3
  • Property ID: 1802823430039

Listed by Keller Williams Preferred Rlty

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— 5206 40th Ave S —

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Schools serving 5206 40th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lk Nokomis Community-Keewaydin Campus
5209 30th Avenue South, Minneapolis, MN 55417
2-50.7 mi
Lk Nokomis Community-Wenonah Campus
5625 23rd Avenue South, Minneapolis, MN 55417
K-11.2 mi
Sanford Middle School
3524 42nd Avenue South, Minneapolis, MN 55406
6-82.1 mi
Roosevelt High School - Sws
4029 South 28th Avenue, Minneapolis, MN 55406
9-121.6 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 5206 40th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/05/2026
Listed
$299,900
17.61%
MLS
6/07/2024
Sold
$255,000
—
Public Record
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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 5206 40th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,912
—
$283,000
-3%
2023
$3,912
20%
$292,000
15%
2023
$3,264
—
$254,000
1%
2023
$3,264
9%
$252,000
28%
2020
$2,989
2%
$196,565
6%
2019
$2,922
18%
$185,665
15%
2018
$2,467
-3%
$161,685
—
2017
$2,531
9%
$161,685
13%
2016
$2,314
24%
$142,610
31%
2015
$1,871
2%
$108,820
10%
2014
$1,829
-22%
$99,119
-22%
2013
$2,338
—
$127,350
—
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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5206 40th Avenue S, Minneapolis, MN 55417 (MLS# 7063287) is a Single Family property with 2 bedrooms and 1 full bathroom. 5206 40th Avenue S is currently listed for $299,900 and was received on June 04, 2026. Want to learn more about 5206 40th 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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