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$550,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 2,397 Sq. Ft.
  • 2 Car Garage
  • Updated 13 days ago
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Stunning updated home with northwest views of Diamond Lake in South Minneapolis. Welcome to 5811 Portland Avenue, a beautifully updated home perfectly positioned with northwest facing views of Diamond Lake, offering incredible sunsets and true indoor outdoor living in one of South Minneapolis most desirable locations. Step inside to discover gorgeous hardwood floors, a renovated kitchen with modern finishes and a new gas range installed in 2024, and thoughtfully updated spaces throughout. The main level features refreshed lighting installed in 2025, a cozy new electric fireplace added in 2025, custom wainscoting and display shelving, and fresh paint throughout the home completed between 2023 and 2025, creating a warm and elevated feel from the moment you walk in. This home offers exceptional functionality with multiple living and entertaining spaces, including three separate patio and deck areas designed to maximize the lake views and outdoor experience. The fully fenced backyard completed in 2023 has been enhanced with new sod installed in 2025 and professionally designed landscaping with perennial gardens added in 2024 and 2025, providing a private and inviting outdoor retreat. Major mechanical and exterior updates provide peace of mind, including a new roof, siding, and driveway completed in 2020, a newer garage built in 2021, and a sewer line replacement completed in 2023. Additional updates include a newer washer and dryer installed in 2020 and updated flooring in the office completed in 2023. Enjoy the rare opportunity to own a move in ready home with modern updates, timeless character, and direct proximity to Diamond Lake, all while being just minutes from parks, trails, shopping, dining, and everything South Minneapolis has to offer.

Full Property Details for 5811 Portland Ave

General

  • Price: $550,000
  • Taxes: $6,621 (2025)
  • Status: Pending
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7017500
  • Updated: 4/1/2026
  • Added to Site: 26 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Electric, Insert, Living Room
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Separate Formal Dining Room
  • Formal Dining Room: Separate/Formal Dining Room
  • Laundry: Gas Dryer Hookup, Lower Level, Laundry Room, Washer Hookup, Gas Dryer Hookup, Lower Level, Laundry Room, Washer Hookup

Additional Information

  • Amenities: Balcony, Cable, Ceiling Fan(s), Deck, Hardwood Floors, Kitchen Window, Primary Bedroom Walk-In Closet, Other, Patio, Paneled Doors, Porch, Panoramic View, Security System, Sun Room, Washer/Dryer Hookup, Walk-In Closet

Exterior

  • Porch/Patio/Deck: Deck, Enclosed, Front Porch, Patio, Porch, Rear Porch, T

Parking

  • Garage: Yes
  • Garage Description: 23 x 21
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Garage Door Opener, Guest Parking

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Diamond Lake Terrace
  • Neighborhood: 17
  • Driving Directions: 35W to Diamond Lake Road turn East to Portland turn South to home.

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, Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Drain Tiles, Finished, Full, Storage Space
  • Foundation Size: 816
  • Roof: Age 8 Years or Less, Asphalt
  • Disability Access: None
  • Square Feet: 2,397
  • Above Ground: 1,863 Sq. Ft.
  • Below Ground: 816 Sq. Ft.
  • Finished Down/Base.: 2,679 Sq. Ft.
  • Year Built: 1941

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Dimensions: 59 x 118
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks
  • Zoning: Residential-Single Family
  • Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage
  • Fencing (Description): Composite, Full, Privacy, Vinyl

Water Features

  • Water Front Desc.: Lake View
  • Lake Front: Yes

Financial Considerations

  • Tax Amount: $6,621
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: LOT 032 BLOCK 002 DIAMOND LAKE TERRACE
  • Property ID: 2302824230059

Listed by RE/MAX Advantage Plus

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Schools serving 5811 Portland Ave

School District:Minneapolis Public School District
NameGradesDistance
Windom School
5821 Wentworth Avenue, Minneapolis, MN 55419
PK-50.7 mi
Anthony Middle School
5757 Irving Avenue South, Minneapolis, MN 55419
6-81.6 mi
Southwest High School - SWS
3414 West 47th St, Minneapolis, MN 55408
9-123.1 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 5811 Portland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/21/2026
Listed
$550,000
11.11%
MLS
1/30/2023
Sold
$495,000
—
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 5811 Portland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,621
255%
$452,000
2%
2023
$1,863
7%
$443,000
2%
2023
$1,748
—
$433,000
—
2023
$1,748
-57%
$432,500
55%
2020
$4,054
13%
$279,500
16%
2019
$3,592
13%
$240,500
14%
2018
$3,178
6%
$211,500
12%
2017
$2,989
8%
$189,500
12%
2016
$2,765
10%
$169,500
16%
2015
$2,515
8%
$146,500
16%
2014
$2,327
—
$126,000
—
2013
$2,338
—
$126,000
—
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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5811 Portland Avenue, Minneapolis, MN 55417 (MLS# 7017500) is a Single Family property with 3 bedrooms, 1 full bathroom and 2 partial bathrooms. 5811 Portland Avenue is currently listed for $550,000 and was received on March 19, 2026. Want to learn more about 5811 Portland Avenue? 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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