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About This Home

This 4-bedroom, 0-bathroom other at 5508 Chicago Avenue in Minneapolis, MN is listed for $474,900 ($199 per sqft). Built in 1939, the home offers 2,386 sqft of living space on a 0.14 acres lot.

Agent 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!

Key Features

  • Built in 1939
  • 0.14 acre lot

Property Details

1939

Monthly Cost Estimate

$2,540/mo

20% down · 6.5% · 30 years

Principal$343
Interest$2,058
Insurance$139

Estimates only. Actual payments may vary.

Location

5508 Chicago Avenue

Minneapolis, MN 55417

Park Ave Terrace

Features & Amenities

Exterior Features

Brick/Stone

Property Details

Parking

GarageGarage - Detached

Heating

Forced Air

Questions & Answers

This 4-bedroom, 0-bathroom other at 5508 Chicago Avenue is listed at $474,900 ($199/sqft). The estimated monthly payment is $2,058 based on 20% down at 6.5% interest.

Key features include: Built in 1939, 0.14 acre lot. Exterior Features: Brick/Stone.

This property is listed by Travis L Erickson and can be reached at 6127297130 or travis@traviserickson.com.

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TE

Travis L Erickson

Agent at RE/MAX Results

(612) 729-7130

Listed by RE/MAX Results · View on Broker Site

MLS# 7049824· Source: listhub· Updated 3 days ago

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5508 Chicago Avenue, Minneapolis, MN 55417

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