5508 Chicago Avenue, Minneapolis, MN 55417

$474,900
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New to the Market Active
BEDS0 BATHS SQUARE FEET2,386 MLS#7049824
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPark Ave Terrace SCHOOLMinneapolis

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!

5508 Chicago Avenue | MLS# 7049824

This multi-family property located at 5508 Chicago Avenue, Minneapolis, MN 55417 is currently listed for sale with an asking price of $474,900. Chicago Avenue is located within the Minneapolis school district. Search Minneapolis real estate on ness.leblancrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Block, Daylight/Lookout Windows, Storage Space, Unfinished
Basement: Yes
Garage: 2
Heating: Forced Air
Lot Size: 0.14 Acres
Roof Type: Asphalt
Taxes: $7,524
Year Built: 1939

Feature Descriptions

Days on Site: 6
Foundation Size: 1919
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: 124x50
Parcel#: 2302824220119
Parking: Detached Garage
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer
Sewer: City Sewer/Connected
Units: 2
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: RE/MAX Results
Agency Phone: 651-698-8006

Shown By

Agent Name: Andrea Ness
Agent Phone: (218) 281-7451
Agency Title: LeBlanc Realty

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Estimated Payment

$ 1,822.43 per month $1,056.92 Principal & Interest $627.00 Property Tax $138.51 Homeowner's Insurance

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