Date
Details
Price
Change
Source
4/10/2026
Listed
$474,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Welcome to 5508 and 5510 Chicago Ave, a charming, classic all brick side by side duplex perfectly situated between Diamond Lake and Lake Nokomis. This beautiful property has timeless character with strong investment potential, making it an excellent opportunity for both homeownership and as an investment. Each unit has two bedrooms and a full bathroom, along with hardwood floors throughout. The layout of each unit is nearly identical, yet the updates and design of each space bring individuality and appeal. Separate basement areas (one side is partially finished) offer added privacy along with additional storage or potential for future use if finished to maximize space. With a fully fenced landscaped back yard and a nice cozy deck, this home offers great space to relax and enjoy the warmer months. Located just one block north of Todd Park and a few blocks from Pearl Park, this home has easy access to provide a great outdoor lifestyle while being within city limits. Occupants will also appreciate the walkable proximity to Lake Nokomis and Minnehaha Parkway, along with Kowalski's, local shops and restaurants. The location offers convenient access to major roadways like 77, 62, and 35W and is just a short drive to the airport, making travel simple and efficient. Renting one unit will be easy because the current owner plans to stay on as a renter. You will have an opportunity to meet with the current owner before purchasing the duplex. This duplex delivers on location, character, and long term value!
Full Property Details
Full Property Details for 5508 Chicago Ave
General
- Price: $474,900
- Taxes: $7,524 (2026)
- Status: Active
- Type: Duplex
- Source: NorthStarMLS_RMLS
- MLS ID: 7049824
- Updated: 4/10/2026
- Added to Site: 7 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: In Basement, In Basement
Additional Information
- Shared Amenities: Deck
Exterior
- Porch/Patio/Deck: Deck
Parking
- Garage: Yes
- Garage Description: 19'3" x 19'1"
- Garage Spaces: 2
- Parking Features: Detached Garage
Location
- County: Hennepin
- Township: Minneapolis
- Subdivision: Park Ave Terrace
- Neighborhood: 17
- Driving Directions: From Cedar Ave S, turn West onto E Minnehaha Pkwy, turn South onto Chicago Ave, West to home
School Information
- School District: 558 - 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
- Basement: Yes
- Basement Desc.: Block, Daylight/Lookout Windows, Storage Space, Unfinished
- Foundation Size: 1919
- Roof: Asphalt
- Disability Access: None
- Square Feet: 2,386
- Above Ground: 1,919 Sq. Ft.
- Below Ground: 1,919 Sq. Ft.
- Finished Down/Base.: 3,838 Sq. Ft.
- Year Built: 1939
Unit Information
- Units w/Refrigerators: 2
Lot Features
- Lot Size (Acres): 0.14
- Lot Dimensions: 124 x 50
- Frontage: City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer
- Zoning: Residential-Multi-Family
- Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage
- Fencing (Description): Wood
Financial Considerations
- Tax Amount: $7,524.56
- Tax Year: 2026
- Terms: Conventional, VA, FHA, Cash, Other
Disclosures and Reports
- Legal Description: LOT 003 BLOCK 006 PARK AVE TERRACE
- Property ID: 2302824220119
Listed by RE/MAX Results
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NMLS#: 1598647
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Schools
Schools serving 5508 Chicago Ave
School District:Minneapolis Public School District
| Name | Grades | Distance |
|---|---|---|
Hale Elementary School 5330 13th Avenue South, Minneapolis, MN 55417 | K-2 | 0.4 mi |
Field Elementary School 4645 4th Avenue South, Minneapolis, MN 55419 | 3-5 | 1.1 mi |
Justice Page Middle School 1 West 49th Street, Minneapolis, MN 55419 | 6-8 | 1.1 mi |
Washburn Senior High School 201 West 49th Street, Minneapolis, MN 55419 | 9-12 | 1.2 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 5508 Chicago Ave
Tax History
Tax History for 5508 Chicago Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,590
11%
$450,000
-1%
2023
$5,914
1%
$454,000
2%
2023
$5,866
—
$444,000
9%
2023
$5,866
3%
$406,000
4%
2020
$5,691
5%
$392,220
9%
2019
$5,395
11%
$360,610
12%
2018
$4,843
9%
$321,370
12%
2017
$4,431
3%
$286,490
13%
2016
$4,311
11%
$253,790
18%
2015
$3,885
-1%
$215,640
6%
2014
$3,929
—
$203,105
—
2013
$3,948
—
$203,105
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
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5508 Chicago Avenue, Minneapolis, MN 55417 (MLS# 7049824) is a Duplex property with 4 bedrooms and 0 full bathrooms. 5508 Chicago Avenue is currently listed for $474,900 and was received on April 08, 2026. Want to learn more about 5508 Chicago Avenue? Do you have questions about finding other Duplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.