5501 40th Ave S Minneapolis, MN 55417
Morris Park NeighborhoodEstimated payment $2,780/month
Highlights
- Corner Lot
- The kitchen features windows
- Patio
- No HOA
- 2 Car Detached Garage
- 3-minute walk to Morris Park
About This Home
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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,726
Year Built
- Built in 1947
Lot Details
- Lot Dimensions are 128x40
- Property is Fully Fenced
- Wood Fence
- Corner Lot
Parking
- 2 Car Detached Garage
Home Design
- Block Foundation
- Vinyl Siding
Interior Spaces
- 1.5-Story Property
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Finished Basement
- Laundry in Basement
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- Patio
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Morris Park 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1902823120157
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,028 | $318,600 | $110,000 | $208,600 |
| 2024 | $5,726 | $315,000 | $110,000 | $205,000 |
| 2023 | $4,195 | $322,000 | $110,000 | $212,000 |
| 2022 | $3,834 | $307,000 | $94,000 | $213,000 |
| 2021 | $3,505 | $287,000 | $69,000 | $218,000 |
| 2020 | $3,555 | $273,000 | $49,200 | $223,800 |
| 2019 | $3,664 | $257,500 | $32,800 | $224,700 |
| 2018 | $3,237 | $257,500 | $32,800 | $224,700 |
| 2017 | $2,988 | $210,000 | $29,800 | $180,200 |
| 2016 | $2,733 | $189,500 | $29,800 | $159,700 |
| 2015 | $2,599 | $174,500 | $29,800 | $144,700 |
| 2014 | -- | $168,500 | $31,300 | $137,200 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/26/2026 06/26/26 | For Sale | $429,000 | -- | $257 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $217,000 | -- |
Source: NorthstarMLS
MLS Number: 7068225
APN: 19-028-23-12-0157
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Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.