Burroughs Elementary
- Enrollment
- 481
- Students per teacher
- 16.6
1601 W 50th St, Minneapolis, MN 55419
(612) 668-3280
1 / 2
5040 Nicollet Avenue, Minneapolis, MN 55419 - MLS# 7157503
$400,000
Bedrooms
4
Bathrooms
2
Square Feet
2,346
Acres
0.17
Year Built
1940
Property Type
Residential Income
Heating
Natural Gas, Forced Air
Garages
2
Days on Market
17
School District
1 - Minneapolis
Rarely available side-by-side brick duplex in the heart of Tangletown, one of Southwest Minneapolis' most coveted neighborhoods. Perfectly positioned near 50th & Nicollet, this exceptional property is within walking distance of Minnehaha Creek, lakes, parks, top-rated schools, local shops, restaurants, and transit options. Each generously sized unit offers hardwood floors and in-unit laundry, while the detached two-car garage and additional off-street parking provide added convenience. Whether you're seeking an owner-occupied investment, steady rental income, or a long-term portfolio asset, this is an outstanding opportunity to own a property in a premier Minneapolis location.
Interior Information
BasementBlock, Daylight/Lookout Windows, Partially Finished
HeatingForced Air
FuelNatural Gas
LaundryIn Basement, Gas Dryer Hookup, Lower Level, Sink, Washer Hookup
ElectricCircuit Breakers, 100 Amp Service
AccessibilityReduced Height Counters
Size & Levels
LevelsOne
Total Finished Sq Ft3,872 sq ft
Above Grade Finished1,936 sq ft
Below Grade Finished410 sq ft
Main Level Finished1,936 sq ft
Foundation Size40 x 52
Exterior & Parking
ExteriorStone
ConstructionBlock, Brick, Concrete, Frame
RoofAge Over 8 Years, Asphalt, Pitched
FoundationBlock, Brick/Mortar, Combination, Permanent, Poured Concrete, Wood
Patio / PorchFront Porch
Garage Stalls2
ParkingDetached Garage, Concrete, Multiple Garages, No Int Access to Dwelling, Shared Garage/Stall
Lot & Utilities
Property SubtypeDuplex Side by Side
Lot Size0.17 acres
Lot Dimensions53 x 140
Lot DescriptionPublic Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Light
ZoningResidential-Multi-Family,Residential-Single Family
SubdivisionWashburn hill Addn to Mpls
TownshipMinneapolis
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Power CompanyXcel Energy
Financial & Tax Information
Annual Taxes$9,052
Tax Year2025
Tax w/ Assessments$9,052
Assessment PendingNo
Parcel Number1502824310099
Financing OptionsConventional Rehab, Conventional, VA, FHA, FHA 203(k), Cash, MHFA/WHEDA, Special Funding
Assumable MortgageNot Assumable
List TypeExclusive Right To Sell
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 80% of occupied homes are owner-occupied, and the average commute is 21 minutes.
Cost of Ownership
Median home value
$568,700
Higher than the Minneapolis median
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$7,186/yr
Higher than the Minneapolis median
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$3,154/mo
Higher than the Minneapolis median
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$1,136/mo
Higher than the Minneapolis median
Median monthly housing costs for owners without a mortgage.
Median rent
$1,770/mo
Higher than the Minneapolis median
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
80%
Higher than Minneapolis overall
The share of occupied homes lived in by their owners.
Median year built
1938
Similar to the Minneapolis median
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 1960-196910%
- 1950-19599%
- 1939 or earlier62%
Types of homes
The share of housing units in each building type.
- Single-family detached78%
- 5+ units17%
Getting Around
Average commute
21 min
Similar to the Minneapolis median
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone48%
- Work from home43%
Homes with broadband
98%
Higher than Minneapolis overall
The share of households with a broadband internet subscription.
Schools
Minneapolis Public School District
This home is in the Burroughs Elementary, Justice Page Middle and Washburn High attendance areas of Minneapolis Public School District.
Elementary
Middle
Justice Page Middle
- Enrollment
- 1,020
- Students per teacher
- 22.2
1 West 49th St, Minneapolis, MN 55419
(612) 668-4040High
Washburn High
- Enrollment
- 1,521
- Students per teacher
- 17.9
201 W 49th St, Minneapolis, MN 55419
(612) 668-3400
