2 months on rocket

5005 Park Ave, Minneapolis, MN, 55417

$495,000

Home List Price

$5,878*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,900 SqFt
$261/SqFt
House

Location

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5005 Park Ave, Minneapolis$495,000

Buyer Closing Credits

$5,878*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Concrete, Garage Door Opener
Attached Garage2 spaces
Year Built1931
HeatingHot Water
CoolingCentral Air
BasementYes
FireplaceFamily Room, Living Room, Wood Burning
MLS #6597232
StatusActive

About 5005 Park Ave

Experience the perfect blend of timeless charm + urban convenience with this 1931 Tudor two-story, ideally situated across from the Minnehaha Creek + Trail in the highly sought-after Field neighborhood of Minneapolis. With 3 generously sized bedrooms, this home preserves its historic character, featuring original light fixtures, intricate woodwork, and beautifully maintained hardwood floors throughout. The main level welcomes you with elegant archways, a bright French window that floods the space with natural light, and a cozy breakfast nook—perfect for starting your day! A convenient half bath adds modern functionality without compromising the home's classic appeal. While the home exudes charm, a fresh coat of paint + updates to the kitchen and bathrooms would elevate its potential even further. Step outside to enjoy the private backyard, a perfect spot for relaxation or entertaining family + friends. The attached 2-car garage is a rare find in Minneapolis, offering secure, off-street parking with easy access to the home—perfect for braving Minnesota winters. In a city where parking is often limited, this added convenience sets the property apart. Located just steps from scenic trails, parks, and popular local restaurants, this home offers the opportunity to bring your personal touch to a historic gem in a prime Minneapolis location.

Property Details

Property Features

Property Information:

  • Year Built: 1931
  • Living Area: 1,900 SqFt

Listing Office:

  • Office Name: Keller Williams Integrity Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Range, Washer
  • Basement: Yes
  • Fireplace: Family Room, Living Room, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 35W to 46th Street, East to Park Avenue, South to home on the Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $495,000
  • Price Per SqFt: $261/SqFt

Tax Information:

  • Annual Amount: $6,321
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

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Minneapolis, MN

City

Med. Sold Price

$349.8K

Med. Price/SqFt

$202

Avg. Days On Market

34

# of Sold Homes

978

5005 Park Ave vs Minneapolis

73 DAYS ON ROCKET

+39 Days

$495,000

+$145.1K More

$261/SqFt

+$59 More

KEY TAKEAWAY

This property is $145.1K more than the Median Sold Price and $59/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6597232

Listing Office:

  • Office Name: Keller Williams Integrity Realty

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Last updated on: 11/17/2024, 11:22:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,321$465,500
2019$6,879$465,500
2018$6,571$431,000
2017$6,428$418,500

History based on county public records data.

Payment Calculator

$2,538

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,551

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-653659
1
/10

  • Hiawatha Leadership Acdy-Northrop

  • 1611 E 46th St

  • 0.85 miles

  • Public Charter Grades KG-4

school-card-donut-653660
5
/10

  • Windom Community School

  • 5821 Wentworth Ave

  • 1.30 miles

  • Public Magnet Grades PK-5

school-card-donut-653661
4
/10

  • Bancroft Elementary School

  • 3829 13th Ave S

  • 1.56 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,492. Residents of Minneapolis, MN typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5005 Park Ave

What is the listing price of this property?

The listing price of 5005 Park Ave property is $495,000.

What type of property is this?

The property 5005 Park Ave is a house located in Minneapolis, Minnesota, 55417.

Is this property for sale now?

Active Listing: 5005 Park Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,321 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5005 Park Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 5005 Park Ave is 1,900 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5005 Park Ave is 1931.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55417›5005 Park Ave

This home is located at 5005 Park Ave in Minneapolis, MN and zip code 55417 in the Field neighborhood. This 1,900 square foot home was built in 1931. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $495,000.

Over 356 listings were sold over their listed price in October 2024 in Minneapolis, MN. In the same period over 399 listings were sold below the listed price and 223 listings were sold for the listed price. Between September 2024 and October 2024, Minneapolis, MN real estate market has seen increase in the number of listings by 9.3%. In October 2024 median list price was $349,843 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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