5538 Chicago Avenue, Minneapolis, MN 55417
- $499,900
- 4
- BD
- 4
- BA
- 4,335
- SqFt
- List Price
- $499,900
- MLS#
- 7089641
- Status
- PENDING
- Type
- Multifamily
- Style
- (MF) Other
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 4,335
- Acres
- 0.14
- Subdivision
- Park Ave Terrace
- Neighborhood
- 17
- Year Built
- 1948
Property Description
Highest and Best offers due Sunday 6/14, 6:00 pm! 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.
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Additional Information
- School District
- Minneapolis
- Tax Year
- 2025
- Fencing
- Full, Wood
- Fuel
- Natural Gas
- Lot Description
- Public Transit (w/in 6 blks), Tree Coverage - Light
- Sewer
- City Sewer/Connected
- Roof
- Age 8 Years or Less, Asphalt, Rubber
- Heating
- Baseboard, Ductless Mini-Split, Fireplace(s)
- Water
- City Water/Connected
- Basement
- Block, Finished, Full
- Parking
- Detached Garage
- Garage Spaces
- 2
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Listing courtesy of Welcome Home Productions, LLC.
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