5538 Chicago AVE, Minneapolis, MN 55417
5538 Chicago AVE, Minneapolis, MN 55417
5538 Chicago AVE, Minneapolis, MN 55417
42
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$499,900
Est. payment /mo
4 Beds
4 Baths
4,335 SqFt
New

5538 Chicago AVE Minneapolis, MN 55417

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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 SCHOOL & BUSINESS

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Austin Schmidt

Austin Schmidt

Agent | License ID: 11718

+1(701) 540-3908

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5538 Chicago AVE