1403 Bailey Avenue is a restored 1920 Highland Park home with something most beautifully renovated residences do not offer: CN-T zoning. That added flexibility creates meaningful optionality for a future owner, whether used strictly as a full-time residence, a refined live/work setting, a studio, office, wellness space, or a long-term hold with broader neighborhood-scale potential.
Thoughtfully restored by Hope of Restoration, recently recognized as the 2025 winner of the ''Residential Preservation Award'' by Preserve Chattanooga for its Alabama Avenue project in St. Elmo, this more than 3,000-square-foot home blends historic character, modern systems, elevated finishes, and preservation-minded workmanship.
Ideally located just minutes from UTC, downtown Chattanooga, and McCallie School, the property offers convenience and connectivity in a city recently named by Southern Living as one of the South's Top 10 Cities for 2026. Inside, the main level features 10-foot ceilings, hardwood flooring, abundant natural light, a spacious living area, and a beautifully designed kitchen with CAFÉ appliances, extensive cabinetry, and generous workspace. The primary suite is also on the main level, along with a laundry room and powder room.
Upstairs, three additional bedrooms, a full bathroom, and a large secondary living area provide flexibility for bedrooms, guest space, media, private offices, creative work, meeting space, or additional gathering space. Major improvements include a brand-new HVAC system, new electrical, new fixtures, newer roof, and all-new plumbing throughout, along with new hardwood flooring, custom tile showers, updated windows, and finishes selected to honor the home's historic roots.
With access from both Bailey Avenue and South Greenwood Avenue, the property offers convenient parking options and multiple entry points. Whether the next owner sees it as a distinctive residence, a live/work opportunity, or a property with long-term flexibility, 1403 Bailey Avenue offers a rare combination of character, quality, location, and zoning in one of Chattanooga's most connected historic neighborhoods.
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.