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$429,000 Coming Soon

  • For Sale
  • Coming Soon
  • Single Family
  • 4 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,672 Sq. Ft.
  • 2 Car Garage
  • Updated 12 hours ago

Next open house:

Open House: 11:00 AM - 2:00 PM

Friday 6/26 11:00 AM - 2:00 PM

5501 40th Avenue S,Minneapolis, MN 55417

5501 40th Avenue SMinneapolisMN55417

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Welcome to this charming 4-bedroom, 2-bathroom home in the highly sought-after Morris Park neighborhood of South Minneapolis! Situated on a spacious corner lot directly across from Morris Park, this home offers an unbeatable location with easy access to a playground, wading pool, skate park, soccer and softball fields, picnic areas, and a recreation center. Inside, you'll find inviting living spaces designed for both everyday living and entertaining. Recent improvements include beautifully updated upstairs bedrooms, a newly remodeled lower-level bathroom, and a roof that is just one year old, providing peace of mind for years to come. With four bedrooms and flexible living spaces throughout, there's room for everyone. Step outside to your private backyard retreat featuring a custom wood fence and fully fenced yard-perfect for pets, play, and outdoor gatherings. The included hot tub creates the perfect place to relax and unwind year-round. An oversized two-car garage offers plenty of storage and convenience. Located just minutes from Minnehaha Falls, the Minneapolis VA Health Care System, and Minneapolis-Saint Paul International Airport, this home combines neighborhood charm with exceptional accessibility. With thoughtful updates, fantastic amenities, and a location that's hard to beat, this Morris Park gem is ready to welcome you home!

Full Property Details for 5501 40th Ave S

General

  • Price: $429,000
  • Taxes: $5,726 (2026)
  • Status: Coming Soon
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7068225
  • Updated: 6/22/2026
  • Added to Site: 1 day(s) ago
  • Expected Market Date: 6/26/2026

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Dining Room: Kitchen/Dining Room
  • Formal Dining Room: Kitchen/Dining Room
  • Laundry: In Basement, Laundry Room, In Basement, Laundry Room

Additional Information

  • Amenities: Ceiling Fan(s), Hot Tub, Kitchen Window, Primary Bedroom Walk-In Closet, Vaulted Ceiling(s)

Exterior

  • Porch/Patio/Deck: Patio

Parking

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

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Morris Park 2nd Add
  • Neighborhood: 56
  • Driving Directions: East 54th St to 40th Ave. Go South to home.

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
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Partially Finished
  • Foundation Size: 757
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 1,672
  • Above Ground: 1,212 Sq. Ft.
  • Below Ground: 757 Sq. Ft.
  • Finished Down/Base.: 1,969 Sq. Ft.
  • Year Built: 1947

Lot Features

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

Financial Considerations

  • Tax Amount: $5,726
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT 030 BLOCK 002 MORRIS PARK 2ND ADDN TO MPLS
  • Property ID: 1902823120157

Listed by Keller Williams Realty Integrity Lakes

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— 5501 40th Ave S —

  • Keller Williams Realty Integrity Lakes

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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 5501 40th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lk Nokomis Community-Keewaydin Campus
5209 30th Avenue South, Minneapolis, MN 55417
2-50.8 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
6-82.4 mi
Roosevelt High School - Sws
4029 South 28th Avenue, Minneapolis, MN 55406
9-122 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 5501 40th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/22/2026
Listed
$429,000
43%
MLS
9/27/2018
Sold
$300,000
—
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 5501 40th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,726
36%
$315,000
-2%
2023
$4,195
4%
$322,000
5%
2023
$4,034
—
$307,000
7%
2023
$4,034
13%
$287,000
18%
2020
$3,555
-3%
$243,435
—
2019
$3,664
13%
$243,435
14%
2018
$3,237
8%
$213,460
11%
2017
$2,988
9%
$191,660
13%
2016
$2,733
5%
$169,315
11%
2015
$2,599
-4%
$152,965
4%
2014
$2,706
3%
$146,425
3%
2013
$2,630
—
$141,520
—
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 Keller Williams Realty Integrity Lakes

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5501 40th Avenue S, Minneapolis, MN 55417 (MLS# 7068225) is a Single Family property with 4 bedrooms, 1 full bathroom and 1 partial bathroom. 5501 40th Avenue S is currently listed for $429,000 and was received on June 22, 2026. Want to learn more about 5501 40th Avenue S? Do you have questions about finding other Single Family real estate for sale in Morris Park? You can browse all Morris Park real estate or contact a Coldwell Banker agent to request more information.

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