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$534,900

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,910 Sq. Ft.
  • 2 Car Garage
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Welcome home to this fully renovated home that offers historic charm with the convenience of modern updates! Enjoy this convenient and pet-friendly neighborhood close to Minnehaha Park! Beautiful hardwood floors throughout the main level! Open and renovated kitchen features breakfast bar, granite countertops, white Subway tile backsplash, and stainless steel appliances! Kitchen is bright and sunny, with corner sink looking out into the back yard through multiple windows. Lots of counter space and separate pantry makes meal prep easy. Main level features a primary main level primary bedroom. There is an additional bonus room off the sun-filled living room which could function as a bedroom, home office or serve as a great TV space! Three cozy bedrooms plus convenient laundry room are located on the upper level, a convenience which is rarely found in homes of this era. Lower level was finished in 2023 and offers space for a family room, exercise or workout area, music room, and bar area with built-in cabinetry, and a beautifully renovated and tiled 3/4 bathroom with glass shower door. Spacious backyard features a two car garage and a patio area, which is a perfect spot for entertaining or pet-friendly play with a privacy fence. Prior listing noted: New fence, new AC, new patio, paint refresh 2022-2023. New siding in 2016. New sewer line with 10 yar warranty installed in 2024. Great location with tree lined streets in close proximity to Minnehaha Falls and the Mississippi River. Easy access to major thoroughfares and the airport!

Full Property Details for 5321 40th Ave S

General

  • Price: $534,900
  • Taxes: $5,853 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7002674
  • Updated: 12/29/2025
  • Added to Site: 21 day(s) ago

Interior

  • Appliances: Cooktop, Dryer, Electric Water Heater, ENERGY STAR Qualified Appliances, Exhaust Fan, Range, Refrigerator, Stainless Steel Appliances, Washer

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Breakfast Bar, Eat-In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
  • Formal Dining Room: Breakfast Bar, Eat In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
  • Laundry: Electric Dryer Hookup, Laundry Room, Upper Level, Electric Dryer Hookup, Laundry Room, Upper Level

Additional Information

  • Amenities: French Doors, Hardwood Floors, Kitchen Window, Main Floor Primary Bedroom, Patio, Porch, Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Enclosed, Patio

Parking

  • Garage: Yes
  • Garage Description: 21 x 19
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Concrete

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Minnehaha Falls 2nd Add
  • Neighborhood: 55
  • Driving Directions: E 54th Street to 40th Avenue South

School Information

  • School District: 558 - 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
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Block, Concrete
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Crawlspace, Daylight/Lookout Windows, Finished, Full, Storage Space
  • Foundation Size: 896
  • Roof: Age Over 8 Years, Asphalt
  • Disability Access: None
  • Square Feet: 1,910
  • Above Ground: 1,501 Sq. Ft.
  • Below Ground: 566 Sq. Ft.
  • Year Built: 1924

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 40 x 128
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights
  • Zoning: Residential-Single Family
  • Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage
  • Fencing (Description): Chain Link, Full, Privacy, Vinyl

Financial Considerations

  • Tax Amount: $5,853
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: BLOCK 007 MINNEHAHA FALLS 2ND ADDN TO MPLS N 20 FT OF LOT 16 AND S 20 FT OF LOT 17
  • Property ID: 1802823430162
Buyer's Brokerage Compensation: 2.7%
Not binding unless confirmed by separate agreement among applicable parties.

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— 5321 40th Ave S —

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Schools serving 5321 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
6-82.2 mi
Roosevelt High School - Sws
4029 South 28th Avenue, Minneapolis, MN 55406
9-121.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5321 40th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/26/2025
Listed
$534,900
-2.75%
MLS
5/15/2024
Sold
$550,000
—
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 5321 40th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,852
14%
$404,000
9%
2023
$5,117
52%
$371,000
44%
2023
$3,377
—
$257,000
9%
2023
$3,377
48%
$236,000
33%
2020
$2,278
-3%
$177,490
—
2019
$2,351
9%
$177,490
9%
2018
$2,150
1%
$163,320
—
2017
$2,132
17%
$163,320
17%
2016
$1,825
-5%
$139,340
—
2015
$1,915
1%
$139,340
6%
2014
$1,905
10%
$131,165
8%
2013
$1,738
—
$121,355
—
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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5321 40th Avenue S, Minneapolis, MN 55417 (MLS# 7002674) is a Single Family property with 5 bedrooms, 2 full bathrooms and 1 partial bathroom. 5321 40th Avenue S is currently listed for $534,900 and was received on December 26, 2025. This property is listed by Michelle Skott Morgan from our Wayzata Office.Want to learn more about 5321 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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