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MLS: #7089641, Listed By: John Pecchia, Welcome Home Productions, LLC, Source:FargoMoorhead Area Association of REALTORS

5538 Chicago Avenue

Minneapolis, MN 55417
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$499,900 $2,107/Mo
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Bed 4

Bed

Bath 4

Bath

SqFt4,335

Sqft

Acres0.14

Acre(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $499,900

AD Id : 82064520

MLS Id : 7089641

Beds : 4

Lot Size : 0.14 Acre

Living Area Size : 4,335

Year Built : 1948

Garage : 2

County : Hennepin

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4

    Room Information

    Has Basement: Yes Basement: Full, Block, Concrete

  • Roofing Information

    Rubber, Asphalt, Shingle

  • Interior Features

    Roof: Rubber, Asphalt, Shingle Laundry Features: In Basement, In Unit

  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard

  • Building Information

    Year Built: 1948 Building Area Total: 4630 Stories: 2 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 50x124 Main Square Feet: 0.14 Acres Lot Size Acres: 0.14 Lot Size Square Feet: 6098.4 Lot Description: Near Public Transit

    Property Information

    Subdivision: Park Ave Terrace Source Property Type: Residential Income Property SubType: Multi Family Levels: Two Property Age: 78

  • Listing Price Information

    Listing Price: $499900 Cash, Conventional

  • Tax Information

    Parcel Number: TBD Annual Tax: $8683

  • Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: From 35W, take Diamond Lake Rd exit and head E. R on Portland Ave. S. L on E 56th St. L on Chicago Ave. Property on LH side. WaterSource: Public
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Nearby Home Value

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4848 Bloomington Avenue, Minneapolis, MN, 55417 $524,900 4 2 1,664 1,664 SqFt
6021 Chicago Avenue, Minneapolis, MN, 55417 $469,900 4 2 2,311 2,311 SqFt

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/10/2026 @ 14:07

MLS: 7089641 LISTED BY: John Pecchia, Welcome Home Productions, LLC 651-435-3170 SOURCE: FargoMoorhead Area Association of REALTORS

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