RealtyLens
for saleRealtyLens property overview
$335,000

5541 40th Ave S

Minneapolis, MN, 55417
View more Minneapolis, MN property pages
3Beds
1.75Baths
1,610Sqft
$208$/sqft

Listing Notes

Multiple offers received. Highest & Best OFFERS DUE by Saturday, May 9 at 5:00 pm. Located on an inviting street in south Minneapolis, this adorable home shines with both classic charm and modern touches. As you enter, the original, newly-refinished (2026) hardwood floors create a warm environment made for gatherings. Notice the updated windows letting in oodles of natural light. The dining area leads to a sliding door onto the lovely deck and lower paver patio the perfect spot for dinners indoors or out, for entertaining friends and family, or enjoying your morning coffee bathed in sunlight. Kitchen highlights include attractive, modern cabinetry and slate tile flooring. Write your recipes directly on the high-end refrigerator (2025), as the shiny white doors serve as a reusable white board. In addition to two bedrooms on the main floor, youll find an updated, stylish bathroom (2023). Venture upstairs to find a third bedroom with a generous walk-in closet, modern cork plank flooring, and updated lighting. New attic insulation (2025) will help keep you cozy warm in winter and comfortably cool in the summer. Descend the basement steps to find a spacious family room with fresh carpet (2026) for movie or board game nights with friends. The flat screen TV and mount come with the home! The egress window also means this could one day be a fourth bedroom. Note the convenient, adjoining three-quarter bath. The large utility room includes plenty of storage. The surrounding yard provides a myriad of edible treats in the organically-grown and lovingly-maintained landscaping. Well-established native and flowering perennials in the front attract a variety of pollinators and colorful butterflies. Amidst the front, sides, and back, youll discover two plum and two cherry trees; and serviceberry, dwarf cherry, golden and red raspberry, and blueberry bushes! All produce lots of fruit for eating and preserving. Note the modern, two-car garage. It features a large 18 by 12 adjoining, insulated shop for the woodworker in you, or add a doggy door and use as an indoor/outdoor fenced dog kennel area. Morris Park is just across the street with lots of green space, and the neighborhood is perfect for a summer stroll. Youll be a short drive to Highways 55 and 62, to quickly get anywhere in the Twin Cities for a speedy commute. Oxendales Market and Nokomis Hardware are a mile or less away, along with other nearby spots for dinner or treats Crema Coffee + Creme (soft serve!), Dominguez Family Restaurant, and Bull's Horn Food and Drink. Dont miss your chance to live in the rich warmth of this special home on a cute south Minneapolis street!

Market Insights

Below nearby median-21%

$208/sqft vs a nearby median of $262/sqft.

Nearby median$262/sqft
Nearby properties12
Property size1,610 sqft
  • -21% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,610 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$412k$385k$439k · 74% confidence
vs ask $335k−$77k (−23.0%)

Asking price is about 23.0% below the fair value — likely to draw competing offers if it's still on market.

$256/sqft median across 7 tight comps × 1,610 sqft= $412k
Cumulative NYC adjustments+$0+0.0%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position-21% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
10 days
Last price change
No change recorded
Listed
May 2, 2026
Photos
42 photos
Property type
single family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$335,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.