5 days on Rocket
$3,859 Closing Credit¹
#6728074, Listing office: Keller Williams Realty Integrity
$315,000 List price
5529 40th Ave S Minneapolis, MN 55417
$3,741
Closing credit¹
3 beds
1 full
1,312 sqft
$240 / sqft
House
Property details
About 5529 40th Ave S
Welcome to this character-filled 1924 home located directly across from Morris Park in one of Minneapolis' most walkable and well-connected neighborhoods. Enjoy the best of both worlds—peaceful neighborhood living with incredible access to the city and metro area. Step inside to find thoughtfully maintained spaces and a blend of timeless charm with modern updates. The main floor features newer flooring and fresh paint, while the upper level boasts brand-new carpet. The home’s exterior has also received significant upgrades, including new soffit and fascia on the house, updated siding and fascia on the garage, and a new chimney wrap and cap. MAC-updated windows add to the comfort and energy efficiency. The spacious garage is a standout feature, offering ample storage and functionality. You’ll love the unbeatable location—just steps from the community center, park, wading pool, and plenty of open street parking thanks to no homes directly across the way. Enjoy easy access to Light Rail (just over half a mile away), as well as scenic walks to Minnehaha Falls, Lake Nokomis, and neighborhood favorites like Rick's Coffee, Town Hall Lanes, and Oxendale’s Grocery. This home offers a rare combination of classic charm, practical updates, and unbeatable convenience. Don’t miss your chance to own a slice of Morris Park!
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusComing Soon
CoolingCentral Air
Size1,312 sqft
BasementYes
Year built1924
ParkingDetached, Garage Door Opener
MLS #6737971
Garage3 spaces
Active DateJune 19, 2025
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator, Washer
- Basement: Yes
- Total Bedroom Count: 3
- Garage Space: 3 spaces
- Attached Garage: No
- Parking: Detached, Garage Door Opener
- Heating: Forced Air
- Cooling: Central Air
- List Price: $315,000
- Price/SqFt: $240
- HOA Amount: $0
- Annual Tax Amount: $3,576
- Tax Year: 2023
- Directions: 50th St. East to 40th Ave. S - South to home
- Year Built: 1924
- Living Area: 1,312 SqFt
- MLS Number: 6737971
- MLS Name: NORTHSTAR
- Office Name: Chasing Dreams Real Estate
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$315,000
5529 40th Ave S
$3,741
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 15, 2013 | Home Sold | $160,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $285,000 | $3,576 |
| 2022 | $277,000 | $3,495 |
| 2021 | $259,000 | $3,415 |
| 2020 | $238,500 | $3,006 |
| 2019 | $208,010 | $3,046 |
| 2018 | $208,010 | $3,141 |
| 2017 | $181,850 | $2,767 |
History based on county public records data.
Nearby schools
6
Northrop Community School
Public District KG-5
1.6 mi
•4315 31st Ave S
10
Jie Ming Mandarin Immersion Academy
Public Magnet KG-5
1.8 mi
•1845 Sheridan Ave
8
Horace Mann School
Public District KG-5
1.9 mi
•2001 Eleanor Ave
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 $68,883. Most Minneapolis, MN residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
8%
<35k
71%
35k-100k
21%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
56%
Single, No Kids
9%
Single, with Kids
22%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
5%
12-17 yrs old
26%
18-34 yrs old
47%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Live Theatre
Where do the neighbors shop?
IKEA
Crate & Barrel
Bloomingdales
Where do the neighbors go to eat?
Quiznos
Starbucks
Boston Market
What do the neighbors drive?
Lexus
BMW
Mercedes
What do the neighbors listen to?
Soft Adult Contemporary
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5529 40th Ave S
The listing price of 5529 40th Ave S property is $315,000.
The property 5529 40th Ave S is a house located in Minneapolis, Minnesota, 55417.
Coming Soon: 5529 40th Ave S is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.
The nearby schools for 5529 40th Ave S are: Northrop Community School (GreatSchools Rating 6/10), Jie Ming Mandarin Immersion Academy (GreatSchools Rating 10/10), Horace Mann School (GreatSchools Rating 8/10), Hennepin Middle School (GreatSchools Rating 2/10), Friendship Academy of Arts - Interm (GreatSchools Rating 1/10), Hiawatha College Preparatory - Northrop (GreatSchools Rating 2/10), Roosevelt Senior High School (GreatSchools Rating 4/10), Roosevelt High School (GreatSchools Rating 8/10), Watershed High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $3,576 (source: MLS/based on county public records data).
The last sale was on April 15, 2013 for $160,000 (source: MLS/tax record).
The property at 5529 40th Ave S has 3 bedrooms and 1 bathroom.
The property 5529 40th Ave S is 1,312 SqFt (source: MLS/tax record).
The year of construction for 5529 40th Ave S is 1924.
This home is located at 5529 40th Ave S in Minneapolis, MN and zip code 55417 in the Morris Park neighborhood. This 1,312 square foot home was built in 1924. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $315,000.
Over 641 listings were sold over their listed price in May 2025 in Minneapolis, MN. In the same period over 368 listings were sold below the listed price and 220 listings were sold for the listed price. Between April and May 2025, Minneapolis, MN real estate market has seen increase in the number of listings by 16.4%. Listings spent 26 days on the market in May 2025, and had a median list price of $355,510 during the same period.
From Rocket Homes Real Estate and based on county public records data.