#6735916, Listing office: LPT Realty, LLC
$249,000 List price
5123 Chicago Ave Minneapolis, MN 55417
2 beds
1 full
1,416 sqft
$176 / sqft
House
Property details
About 5123 Chicago Ave
Opportunity awaits in a beautiful South Minneapolis neighborhood! This 2-bedroom, 1.25-bath home features original hardwood floors, a deep 1-stall garage, and an additional parking pad for convenience. While the home needs some work, it offers plenty of value-add potential in a highly sought-after area. Near Minnehaha, miles of walking/biking trails, lakes, local restaurants.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size1,416 sqft
BasementYes
Year built1946
ParkingDetached
MLS #6745934
Garage1 space
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 2
- Garage Space: 1 space
- Attached Garage: No
- Parking: Detached
- Heating: Forced Air
- Cooling: Central Air
- List Price: $249,000
- Price/SqFt: $175
- HOA Amount: $0
- Annual Tax Amount: $2,931
- Tax Year: 2023
- Directions: Start from Chicago Ave S & 51st St E, Head south on Chicago Ave Destination will be on the left
- Year Built: 1946
- Living Area: 1,416 SqFt
- MLS Number: 6745934
- MLS Name: NORTHSTAR
- Office Name: HOMESTEAD ROAD
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $225,000 | $2,931 |
| 2022 | $196,000 | $2,345 |
| 2021 | $175,000 | $2,155 |
| 2020 | $170,000 | $2,016 |
| 2019 | $148,060 | $2,186 |
| 2018 | $191,115 | $2,891 |
| 2017 | $178,035 | $2,709 |
History based on county public records data.
Nearby schools
1
Hiawatha Leadership Acdy-Northrop
Public Charter KG-4
0.9 mi
•1611 E 46th St
5
Windom Community School
Public Magnet PK-5
1.3 mi
•5821 Wentworth Ave
4
Bancroft Elementary School
Public Magnet PK-5
1.7 mi
•3829 13th Ave S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $81,195. Most Minneapolis, MN residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
14%
<35k
57%
35k-100k
24%
100k-200k
5%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
39%
Single, No Kids
10%
Single, with Kids
27%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
6%
12-17 yrs old
22%
18-34 yrs old
46%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Live Theatre
Tennis
Where do the neighbors shop?
Bloomingdales
Crate & Barrel
Nordstrom Rack
Where do the neighbors go to eat?
Starbucks
Boston Market
The Cheesecake Factory
What do the neighbors drive?
Audi
Mercedes
BMW
What do the neighbors listen to?
Alternative
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5123 Chicago Ave
The listing price of 5123 Chicago Ave property is $249,000.
The property 5123 Chicago Ave is a house located in Minneapolis, Minnesota, 55417.
Active Listing: 5123 Chicago Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5123 Chicago Ave are: Hiawatha Leadership Acdy-Northrop (GreatSchools Rating 1/10), Windom Community School (GreatSchools Rating 5/10), Bancroft Elementary School (GreatSchools Rating 4/10), Hiawatha College Preparatory - Northrop (GreatSchools Rating 2/10), Justice Page Community Middle School (GreatSchools Rating 5/10), Southside Family Charter School (GreatSchools Rating 5/10), Washburn High School (GreatSchools Rating 6/10), El Colegio Charter School (GreatSchools Rating 1/10), Watershed High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $2,931 (source: MLS/based on county public records data).
The property at 5123 Chicago Ave has 2 bedrooms and 2 bathrooms.
The property 5123 Chicago Ave is 1,416 SqFt (source: MLS/tax record).
The year of construction for 5123 Chicago Ave is 1946.
This home is located at 5123 Chicago Ave in Minneapolis, MN and zip code 55417 in the Nokomis neighborhood. This 1,416 square foot home was built in 1946. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $249,000.
While more than 634 listings in Minneapolis, MN in June 2025 were sold above asking price, there were more than 245 listings sold at asking price, and more than 363 were sold below. Between May and June 2025, Minneapolis, MN real estate market has seen increase in the number of listings by 3.4%. In June 2025, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $359,091.
From Rocket Homes Real Estate and based on county public records data.