$485,000

$474,900 2.1%

Est. payment - /mo

4 Beds

2 Baths

2,386 SqFt

UPDATED:

Key Details

Sold Price $485,000

Property Type Multi-Family

Sub Type Duplex Side by Side

Listing Status Sold

Purchase Type For Sale

Square Footage 2,386 sqft

Price per Sqft $203

Subdivision Park Ave Terrace

MLS Listing ID 7049824

Bedrooms 4

Year Built 1939

Annual Tax Amount $7,524

Tax Year 2026

Lot Size 6,098 Sqft

Property Sub-Type Duplex Side by Side

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!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Forced Air

Laundry In Basement

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Fence Wood

Pool None

Roof Type Asphalt

Building

Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light

Story One

Foundation 1919

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District Minneapolis

Read Less Info

Listed by Travis Erickson • RE/MAX Results

Nearby School & Business

Get More Information

Michael Smith

+1(651) 402-0835

Broker Associate | License ID: 40184871

Broker Associate License ID: 40184871

5508 Chicago AVE Minneapolis, MN 55417