See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

4540 Nokomis Ave, Minneapolis, MN, 55406

2beds
1baths
782sqft
$269,900
$345price/sqft
$1,944/moest. monthly cost
$77,760/yrincome needed

About This Home

Price reflects work needed. Selling as is. Steps from Minnehaha Creek! This cozy cottage home is ready for its next chapter and offers the prefect canvas for renovation. Bring your ideas to transform this functional layout home, and great perennial filled yard while enjoying the benefits of this prime sought after neighborhood!

Getting Around

66
WalkingSomewhat Walkable
61
TransitGood Transit
78
BikeVery Bikeable

Schools

7/10
6/10
Sanford Middle SchoolGrades 6-81.5 mi
--

Construction

Condition

  • Year built: 1914

Materials

  • Roof: Age Over 8 Years,Asphalt
  • Construction materials: Concrete

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Partially Finished,Unfinished

Bedroom

  • Level: Main
  • Area: 128
  • Dimensions: 16 x 8

Bedroom2

  • Level: Main
  • Area: 64
  • Dimensions: 8 x 8

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Main
  • Area: 80
  • Dimensions: 10 x 8

Features

  • Number of fireplaces: 1
  • Fireplace features: Free Standing
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 782

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s)
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,180
  • Total interior livable area: 782 sqft

Kitchen

  • Level: Main
  • Area: 72
  • Dimensions: 8 x 9

Living Room

  • Level: Main
  • Area: 104
  • Dimensions: 13 x 8

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1202824440069
  • Zoning description: Residential-Single Family
  • Foundation area: 398

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Deck
  • Fencing: Full

Lot

  • Lot size: 5,227 sqft
  • Features: Tree Coverage - Light
  • Lot size dimensions: 128 x 40

Parking

  • Total spaces: 1
  • Parking features: Detached Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Tornado
Winter Weather

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,364$16,368
Home Insurance *$163$1,956
Property Taxes $247$2,964
Electricity $170$2,050
Total$1,944$23,328
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$66,651/yr
40% on housing$58,320/yr
45% on housing$51,840/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$345This listing

vs Other Active Listings

Avg $/sqft

ZIP 55406$165
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55406$247
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-15Price change$250,000
2026-07-25Price change$269,900
2026-07-08Price change$279,900
2026-06-26Price change$289,900
2026-06-19Listed for sale$298,000

For Sale by Agent

AgentDena K Hodnett
BrokerageRE/MAX Results

Similar Homes