5538 Chicago Avenue, Minneapolis, MN 55417
Local realty services provided by:ERA Gillespie Real Estate
5538 Chicago Avenue,Minneapolis, MN 55417
$499,900
- 4 Beds
- 4 Baths
- 4,335 sq. ft.
- Multi-family
- Active
Listed by: welcome home co., tony muscala
Office: welcome home productions, llc.
MLS#:7089641
Source:NSMLS
Price summary
- Price:$499,900
- Price per sq. ft.:$107.97
About this home
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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Home facts
- Year built:1948
- Listing ID #:7089641
- Added:1 day(s) ago
- Updated:June 10, 2026 at 01:43 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Basement:Yes
- Basement Description:Block, Finished, Full
- Living area:4,335 sq. ft.
Heating and cooling
- Heating:Baseboard, Ductless Mini-Split, Fireplace(s)
Structure and exterior
- Roof:Age 8 Years or Less, Asphalt, Rubber
- Year built:1948
- Building area:4,335 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Public Transit (w/in 6 blks), Tree Coverage - Light
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$499,900
- Price per sq. ft.:$107.97
- Tax amount:$8,683 (2025)
Parking
- Parking description:Detached Garage
- Garage:Yes
- Garage spaces:2
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