502 Chicago Avenue SW, Red Lake Falls, MN 56750
3 Beds | 2 Baths | 1,778 Sq Ft | Single Family Home | MLS# 7087724
Is 502 Chicago Avenue SW a Good Deal?
BuyPulse Verdict
Excellent Value
At $98/sqft — This home is priced 25% below the typical Red Lake Falls single-family home of $130/sqft.
Powered by the Realgorithm™ — 8 active Red Lake Falls listings · NorthstarMLS
$1,241/month Estimated
- Principal & interest
- $885
- Property taxes
- $254
- Home insurance (est.)
- $102
- HOA dues
- None
20% down ($35,000) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Rlf-Rr Add, Red Lake Falls, MN.
About This Home
Come take a look at this lovely home on a corner lot in Red Lake Falls. This home could continue to stay a family home or you could possibly turn it into a duplex. The lower level has a spacious living area with dedicated space for a kitchenette. The upstairs has a comfortable feel with the kitchen, dining and living room, a bedroom and bath. Call for a showing.
Key Features
- Built
- 1994
- Garage
- 2-Car Detached
- Style
- Split Entry (Bi-Level)
- HOA
- None
- Annual Taxes
- $3,046 (2026)
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 936
- Below Grade Sq Ft
- 842
- Lot Size
- 0.16 acres
- Basement
- Yes
- Construction
- Frame
- County
- Red Lake
- List Date
- 2026-06-04
- Days on Market
- 130 days
- Parcel ID
- 173328000
Financial
- Total Tax incl. Assessments
- $3,046
Home Systems & Utilities
- Heating
- Baseboard
- Cooling
- Central Air
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
Interior Features
- Laundry
- Upper Level
Construction & Exterior
Construction & Structure
- Foundation Type
- Other
- Foundation Area
- 936 sqft
- Total Building Area
- 1,872 sqft
Exterior Features
- Exterior Features
- Vinyl
- Accessibility Features
- Grab Bars In Bathroom
Parking & Garage
- Parking Features
- Detached Garage
Lot & Land
- Lot Features
- Corner Lot
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- Hometown Realty
Price History
- Price reduced to $175,000 — Jul 10, 2026
502 Chicago Avenue SW is listed in Red Lake Falls, MN, part of Red Lake County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 502 Chicago Avenue SW
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Listed by Hometown Realty · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7087724 · Data refreshed September 22, 2026
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Frequently Asked Questions About 502 Chicago Avenue SW
- Is $175,000 a good price for a home in Red Lake Falls?
- According to BuyPulse, 502 Chicago Avenue SW rates Excellent Value — at $98/sqft it's priced 25% below the typical Red Lake Falls single-family home of $130/sqft. Powered by the Realgorithm™. Browse Red Lake Falls homes for sale to compare.
- Does 502 Chicago Avenue SW have a basement?
- Yes, 502 Chicago Avenue SW has a finished basement with 842 sq ft of below-grade space.
- What type of heating and cooling does 502 Chicago Avenue SW have?
- 502 Chicago Avenue SW has Baseboard heating and Central Air cooling.
- Where is 502 Chicago Avenue SW located?
- 502 Chicago Avenue SW is in the Rlf-rr neighborhood of Red Lake Falls, MN 56750, in Red Lake County.
- Is 502 Chicago Avenue SW still available?
- Yes — 502 Chicago Avenue SW is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 502 Chicago Avenue SW built?
- 502 Chicago Avenue SW was built in 1994. It features frame construction and a other foundation.
- Does 502 Chicago Avenue SW have main-floor laundry?
- No — the laundry at 502 Chicago Avenue SW is on the upper level.
- How walkable is 502 Chicago Avenue SW?
- 502 Chicago Avenue SW has a Walk Score of 34/100 (Car-Dependent) and a Bike Score of 44/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
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Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 1:17 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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