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5501 40th Avenue S, Minneapolis, MN 55417

New Listing

$429,000

Virtual Tour

https://listing.millcityteam.com/ut/5501_40th_Ave.html

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,969 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $429,000 List Date: 6/26/2026 Last Modified: 6/26/2026

Overview

Description

Welcome to this charming 4-bedroom, 2-bathroom home in the highly sought-after Morris Park neighborhood of South Minneapolis! Situated on a spacious corner lot directly across from Morris Park, this home offers an unbeatable location with easy access to a playground, wading pool, skate park, soccer and softball fields, picnic areas, and a recreation center. Inside, you'll find inviting living spaces designed for both everyday living and entertaining. Recent improvements include beautifully updated upstairs bedrooms, a newly remodeled lower-level bathroom, and a roof that is just one year old, providing peace of mind for years to come. With four bedrooms and flexible living spaces throughout, there's room for everyone. Step outside to your private backyard retreat featuring a custom wood fence and fully fenced yard—perfect for pets, play, and outdoor gatherings. The included hot tub creates the perfect place to relax and unwind year-round. An oversized two-car garage offers plenty of ... (Read more)

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Listing Details MLS# 7068225

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Waterfront YN: No
Year Built: 1947
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: Yes
Main Floor Total SqFt: 812
Above Grd Total SqFt: 1212
Below Grd Total SqFt: 757
Total SqFt: 1969
Total Finished Sqft: 1672.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 757
Garage Stalls: 2
Lot Dimensions: 128x40
Acres: 0.12
Assessment Pending: No
Bath Half: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Hot Tub; Kitchen Window; Primary Bedroom Walk-In Closet; Vaulted Ceiling(s) Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Partially Finished Bath Description: Main Floor Full Bath; 3/4 Basement Construction Status: Previously Owned Dining Room Description: Kitchen/Dining Room Exterior: Vinyl Fencing: Full; Wood Fireplace Characteristics: Living Room Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Basement; Laundry Room Lot Description: Corner Lot Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: Renovated Stories: One and One Half Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 429000
ListPrice: 429000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 5501
Street Name: 40th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55417
Complex/Dev/Subdivision: Morris Park 2nd Add

Assessments

Tax With Assessments: 5726
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1212
Finished SqFt Below Ground: 460

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 520

Public Survey Info

Range#: 23
Section#: 19
Township#: 28

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: LOT 030 BLOCK 002 MORRIS PARK 2ND ADDN TO MPLS
Listing City: Minneapolis
Map Page: 121
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2214
Property ID Number: 1902823120157
Tax Year: 2026
Tax Amount: 5726
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Welcome to this charming 4-bedroom, 2-bathroom home in the highly sought-after Morris Park neighborhood of South Minneapolis! Situated on a spacious corner lot directly across from Morris Park, this home offers an unbeatable location with easy access to a playground, wading pool, skate park, soccer and softball fields, picnic areas, and a recreation center. Inside, you'll find inviting living spaces designed for both everyday living and entertaining. Recent improvements include beautifully updated upstairs bedrooms, a newly remodeled lower-level bathroom, and a roof that is just one year old, providing peace of mind for years to come. With four bedrooms and flexible living spaces throughout, there's room for everyone. Step outside to your private backyard retreat featuring a custom wood fence and fully fenced yard—perfect for pets, play, and outdoor gatherings. The included hot tub creates the perfect place to relax and unwind year-round. An oversized two-car garage offers plenty of storage and convenience. Located just minutes from Minnehaha Falls, the Minneapolis VA Health Care System, and Minneapolis–Saint Paul International Airport, this home combines neighborhood charm with exceptional accessibility. With thoughtful updates, fantastic amenities, and a location that's hard to beat, this Morris Park gem is ready to welcome you home!
Directions: East 54th St to 40th Ave. Go South to home.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Ceiling Fan(s): Yes
Hot Tub: Yes
Kitchen Window: Yes
Primary Bedroom Walk-In Closet: Yes
Vaulted Ceiling(s): Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

Partially Finished: Yes

Bath Description

Main Floor Full Bath: Yes
3/4 Basement: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Kitchen/Dining Room: Yes

Exterior

Vinyl: Yes

Fencing

Full: Yes
Wood: Yes

Fireplace Characteristics

Living Room: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

In Basement: Yes
Laundry Room: Yes

Lot Description

Corner Lot: Yes

Patio, Porch and Deck Features

Patio: Yes

Roof

Age 8 Years or Less: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Special Search

Renovated: Yes

Stories

One and One Half: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Bar/Wet Bar Room	10 x 7	Lower
Dining Room	13 x 11	Main
First (1st) Bedroom	16 x 15	Main
Fourth (4th) Bedroom	10 x 9	Upper
Kitchen	11 x 9	Main
Laundry	13 x 13	Lower
Living Room	21 x 17	Main
Recreation Room	22 x 19	Lower
Second (2nd) Bedroom	16 x 14	Main
Third (3rd) Bedroom	15 x 12	Upper

Listing Office: Keller Williams Realty Integrity Lakes

Last Updated: June - 26 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.