RealtyLens
for saleRealtyLens property overview
$510,000

5145 16th Ave S

Minneapolis, MN, 55417
View more Minneapolis, MN property pages
3Beds
1.75Baths
1,885Sqft
$271$/sqft

Listing Notes

Welcome to this classic South Minneapolis gem in the sought-after Hale neighborhood. This 3-bedroom, 2-bath home blends timeless character with thoughtful updates throughout. The main level offers a natural flow between the spacious living room, dining area, kitchen, and large family roomperfect for everyday living and entertaining. Two bedrooms and a full bathroom complete the main floor, while the upper level features a generously sized private bedroom. The finished lower level adds valuable versatility with a large family room, 3/4 bathroom, and a bonus room ideal for a home office, guest space, or potential fourth bedroom with the addition of an egress window. Dont forget the storge space and workshop area! Step outside to relax and enjoy a beautiful backyard, along with the convenience of an oversized 2-car garage. Located just blocks from Lake Nokomis and the scenic walking and biking trails of Minnehaha Parkway, this home offers an unbeatable combination of character, space, and location.

Market Insights

Above nearby median+6.3%

$271/sqft vs a nearby median of $255/sqft.

Nearby median$255/sqft
Nearby properties8
Property size1,885 sqft
  • +6.3% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,885 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$489k$449k$529k · 59% confidence
vs ask $510k+$21k (+4.1%)

Asking price is about 4.1% above where comps + adjustments land — there is room to negotiate.

$253/sqft median across 5 tight comps × 1,885 sqft= $477k
  • Pre-war character+$12k +2.5%
Cumulative NYC adjustments+$12k+2.5%

Property Read

FreshnessVerification recommended

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

Market Position+6.3% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

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

Diligence Read1 item 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
11 days
Last price change
No change recorded
Listed
May 1, 2026
Photos
37 photos
Property type
single family
Status
for sale
Last sold
Dec 22, 1997 · $119,500
Garage
2 spaces

Features & Amenities

Central AirOutdoor SpaceDishwasherFireplaceForced AirHardwood FloorsWasher DryerBasementSingle StoryGarage 1 Or MoreGarage 2 Or MoreBeautiful BackyardLakeTrailsHome OfficeOfficeSpacious Family RoomFamily Room

Photos

Price History

May 8, 2026Initial record
$510,000for 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.