5538 Chicago AVE, Minneapolis, MN 55417
5538 Chicago AVE, Minneapolis, MN 55417
5538 Chicago AVE, Minneapolis, MN 55417
5538 Chicago AVE, Minneapolis, MN 55417
5538 Chicago AVE, Minneapolis, MN 55417
5538 Chicago AVE, Minneapolis, MN 55417
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$ 499,900
Est. payment | /mo

4 Beds

4 Baths

4,335 SqFt


$ 499,900
Est. payment | /mo

4 Beds

4 Baths

4,335 SqFt

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,335 sqft

Price per Sqft $115

Subdivision Park Ave Terrace

MLS Listing ID 7089641

Bedrooms 4

Year Built 1948

Annual Tax Amount $8,683

Tax Year 2025

Contingent None

Lot Size 6,098 Sqft

Lot Dimensions 50x124

Property Sub-Type Other

Property Description

Unique mixed-use property located in Diamond Lake! This beautiful stone and stucco building offers the perfect combination of residential living and income-producing commercial space, each with its own private entrance.

The residential side welcomes you with a spacious living room with wood-burning fireplace. The large kitchen features abundant countertop space, ample cabinetry, stainless steel appliances, and storage. A convenient half bath completes the main level, while the impressive addition provides generous dining and family room spaces. Upstairs, you'll find four spacious bedrooms and a full bathroom. The finished lower level offers laundry and extensive storage. Outside, enjoy a fenced backyard and a detached two-car garage.

The commercial side is currently occupied by long-term chiropractic and massage therapy tenant, providing established rental income. The main level includes a reception area and waiting room, four private treatment rooms and storage. The lower level expands the space with three additional massage rooms, an office, 3/4 bath and ample storage.

Ideally located just steps from Todd Park and close to popular restaurants, shopping, and grocery stores, this versatile property offers endless possibilities for investors or owner-occupants in one of Minneapolis's most convenient neighborhoods.

Location

State MN

County Hennepin

Zoning Business/Commercial,Residential-Single Family

Rooms

Basement Block, Finished, Full

Interior

Heating Baseboard, Ductless Mini-Split, Fireplace(s)

Fireplace No

Laundry In Basement, In Unit

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Fence Full, Wood

Pool None

Roof Type Age 8 Years or Less,Asphalt,Rubber

Building

Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light

Story Two

Foundation 1854

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Others

Virtual Tour https://tours.spacecrafting.com/n3d-2qpdt6

Listed by John Pecchia • Welcome Home Productions, LLC
Nearby Locations
Joe Mack

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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5538 Chicago AVE