5508 Chicago Avenue Minneapolis, MN 55417

$474,900
Active
estimated monthly payment
4 Beds  |  2 Baths  |  2,386 Sq Ft  |  Duplex  |  MLS # 7049824
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About The Listing

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!


Listing courtesy of Travis L Erickson, RE/MAX Results
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
Private Mortgage Insurance
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1939
MLS #: 7049824
Bedrooms: 4
Square Feet: 2,386
Price Per Square Foot: $199
Garage Spaces: 2
Parking Description: Detached Garage
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Forced Air
Basement: Block, Daylight/Lookout Windows, Storage Space, Unfinished
Foundation Type: Block
Roof Description: Asphalt
Days On Market (Continuous): 0
Disability Features: None
Latest Update: 04/21/2026
List Date: 04/09/2026
Listing Agent ID: 506094029
Listing Office: RE/MAX Results
Listing Office ID: 4605
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Laundry Features: In Basement
Exterior Features: Stone
Fence: Wood
Lot Dimensions: 124x50
Lot Size: 0.14 Acres
Pool Description: None
Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Light
School District: Minneapolis
Tax Year: 2026
Estimated Taxes: $7,525
Contingency Type: None
City: Minneapolis
Zip: 55417
County: Hennepin
Subdivision: Park Ave Terrace
State: MN

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Listing last updated: 04/21/26

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