$474,900
Off-Market Date: 05/19/20265508 Chicago Avenue Minneapolis, MN 55417
Pending MLS# 7049824
4 beds 2 baths 2,386 sq ft Multi-family
Details for 5508 Chicago Avenue
MLS# 7049824
Description for 5508 Chicago Avenue, Minneapolis, MN, 55417
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 Information
Property Type: Multi-family, Duplex Side by Side
Status: Pending
Bedrooms: 4
Bathrooms: 2
Lot Size: 0.14 Acres
Square Feet: 2,386 sq ft
Year Built: 1939
Foundation: 1,919 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Park Ave Terrace
Number Of Units Total: 2
County: Hennepin
Days On Market: 19
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: In Basement
Interior Features
Square Footage above: 1,919 sq ft
Square Footage below: 467 sq ft
Basement: Daylight/Lookout Windows, Unfinished, Concrete Block, Storage Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Garage Spaces: 2
Parking Description: Detached Garage, Garage Dimensions - 19'3" x 19'1", Garage Sq Ft - 407.0
Exterior: Brick/Stone
Roof: Asphalt Shingles
Lot Dimensions: 124x50
Zoning: Residential-Multi-Family
Fencing: Wood
Additional Exterior/Lot Features: Tree Coverage - Light, Public Transit (w/in 6 blks), Road Frontage - City, Curbs, Paved Streets, Sidewalks, Storm Sewer
Community Features
Association Amenities: Deck
Unit Information
Unit 1 Units Total: 1
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 6
Unit 2 Units Total: 1
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 2 Rooms Total: 7
Driving Directions
From Cedar Ave S, turn West onto E Minnehaha Pkwy, turn South onto Chicago Ave, West to home
Financial Considerations
Tax/Property ID: 2302824220119
Tax Amount: 7524.56
Tax Year: 2026
HomeStead Description: Homesteaded
A broker reciprocity listing courtesy: RE/MAX Results
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Sales History & Tax Summary for 5508 Chicago Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 5508 Chicago Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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