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
Strong Value
At $98/sqft — This home is priced 10% below the typical Red Lake Falls single-family home of $109/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
- Property Type
- Single Family
- Year Built
- 1994
- Above Grade
- 936 sq ft
- Below Grade
- 842 sq ft
- Lot Size
- 0.16 acres
- Lot Features
- Corner Lot
- Garage
- 2-car (Detached Garage)
- Heating
- Baseboard
- Cooling
- Central Air
- Basement
- Finished
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $3,046
- County
- Red Lake
- Days on Market
- 85
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
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Red Lake Falls real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
See all Red Lake Falls homes ›
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 August 21, 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 Strong Value — at $98/sqft it's priced 10% below the typical Red Lake Falls single-family home of $109/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® →
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Red Lake Falls area.