1/1

$220,000

Sold
Closed
Townhouse
2 Beds
1 Full Bath
984 Sq. Ft.
1 Car Garage
Updated 4 days ago

1/1

Property Description

Rare opportunity for a townhome in the heart of South Minneapolis! Nestled in the desirable Minnehaha neighborhood, this charming, well kept 2 bedroom townhome offers comfort and convenience. Step inside to discover fresh updates: new carpet and paint throughout. The spacious 1st floor living area flows into the updated kitchen, perfect for relaxing or entertaining. Upstairs, two generously sized bedrooms boast tons of closet space. Oversized one car garage as well for added storage. Explore the vibrant neighborhood with ease! Walk or bike to Minnehaha Park, Lake Nokomis, trendy restaurants, and unique shops. Enjoy easy access to the light rail, connecting you to the best of city living Don't miss out, hands down the best value

Full Property Details

Full Property Details for 5131 40th Ave S

General

Sold For: $220,000
HOA FEE: $419/month
Taxes: $2,464 (2024)
Status: Closed
Type: Townhouse
Source: NorthStarMLS_RMLS
MLS ID: 6650599
Added to Site: 68 day(s) ago

Parking

Garage: Yes
Garage Spaces: 1
Parking Features: Detached, Asphalt, Garage Door Opener, Guest Parking

School Information

School District: 1 - Minneapolis
High School District: Minneapolis

Community

Association: Yes
Assoc. Name: Sharper Management, LLC
Assoc. Fees Include: Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Management, Trash, Snow Removal
Pets Allowed: Yes

Heating & Cooling

Central air: Yes
Cooling Type: Central Air
Heating Type: Forced Air
Heating Fuel: Natural Gas

Utilities

Sewer: City Sewer Connected
Water: City Water (Connected)

Financial Considerations

Association Fee: $419
Assoc Fee Freq.: Monthly
Tax Amount: $2,464
Tax Year: 2024
Terms: Conventional, Cash

Disclosures and Reports

Legal Description: BLOCK 001 MINNEHAHA SQUARE TOWNHOUSES LOTS 40 AND 50
CC&Rs: Yes
Restrictions: Pets - Cats Allowed, Pets - Dogs Allowed
Property ID: 1802823420248

Listed by RE/MAX Results
Sold by Lakes Sotheby's International Realty

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Schools

Schools serving 5131 40th Ave S

School District:Minneapolis Public School District

Name	Grades	Distance
Lake Nokomis Community - Keewaydin Campus 5209 30th Ave S, Minneapolis, MN 55417	2-5	0.7 mi
Lake Nokomis Community - Wenonah Campus 5625 23rd Ave S, Minneapolis, MN 55417	K-1	1.3 mi
Sanford Middle School 3524 42nd Ave S, Minneapolis, MN 55406	6-8	2 mi
Roosevelt High School 4029 28th Ave S, Minneapolis, MN 55406	9-12	1.6 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5131 40th Ave S

Date

Details

Price

Change

Source

3/31/2025

Sold

$220,000

-2.18%

MLS

2/21/2025

Price Reduced

$224,900

-6.25%

MLS

1/30/2025

Listed

$239,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Active
Updated 3 days ago

3
Beds
3
Total Baths
1,914
Sq. Ft.

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Just Listed

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Active
Updated 2 days ago

5
Beds
4
Total Baths
2,805
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Just Listed

$577,000

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Single Family
Active
Updated 4 days ago

3
Beds
2
Total Baths
1,380
Sq. Ft.

Listed by eXp Realty

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Just Listed

$285,000

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Townhouse
Active
Updated 1 day ago

2
Beds
3
Total Baths
1,560
Sq. Ft.

Listed by Keller Williams Premier Realty Lake Minnetonka

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Price Reduced

-$5,000 (-1.18%)

$419,900

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Single Family
Active
Updated 3 days ago

3
Beds
2
Total Baths
1,916
Sq. Ft.

Listed by Homestead Road

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Price Reduced

-$24,000 (-4.01%)

$575,000

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Single Family
Active
Updated 4 days ago

4
Beds
3
Total Baths
2,470
Sq. Ft.

Listed by Quinby Partners

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Price Reduced

-$7,000 (-4.83%)

$137,900

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Condo
Active
Updated 1 day ago

2
Beds
1
Total Bath
800
Sq. Ft.

Listed by Bridge Realty, LLC

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Condo
Active
Updated 3 days ago

2
Beds
2
Total Baths
1,380
Sq. Ft.

Listed by Edina Realty, Inc.

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Sold

$195,000

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Single Family
Closed

1
Bed
1
Total Bath
819
Sq. Ft.

Listed and Sold by Realty Group LLC

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Sold

$226,000

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Single Family
Closed

2
Beds
1
Total Bath
811
Sq. Ft.

Listed by Charlie Johnson
Sold by Lakes Area Realty

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Sold

$250,000

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Single Family
Closed
Updated 3 days ago

1
Bed
1
Total Bath
624
Sq. Ft.

Listed by Re/Max Advantage Plus
Sold by Edina Realty, Inc.

5504 41st Ave S, Minneapolis, MN 55417 - Photo 1

Sold

$196,060

5504 41st Ave S Minneapolis, MN 55417

Single Family
Closed

3
Beds
2
Total Baths
1,080
Sq. Ft.

Listed by Homestead Road
Sold by eXp Realty

5131 40th Avenue S, Minneapolis, MN 55417 (MLS# 6650599) is a Townhouse property that was sold at $220,000 on March 31, 2025. Want to learn more about 5131 40th Avenue S? Do you have questions about finding other Townhouse real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

5131 40th Ave S Minneapolis, MN 55417