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Pending
  • $499,900

    5538 Chicago Ave, Minneapolis, MN 55417

    4beds
    4baths
    4,335sqft
    : 
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    Other
    Built in 1948
    -- sqft lot
    $505,400 Zestimate®
    $115/sqft
    $-- HOA

    What's special

    Fenced backyardDetached two-car garageStone and stucco buildingStainless steel appliancesAmple cabinetryFour spacious bedrooms
    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.
    38 days
    |
    350
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Welcome Home Co. 651-338-1933,

    Welcome Home Productions, LLC,

    Tony Muscala 612-986-1176

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7089641MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Baseboard, Ductless Mini-Split, Fireplace(s)
      Appliances
      • Laundry: In Basement, In Unit
      Features
      • Basement: Block,Finished,Full
      Interior area
      • Total structure area: 4,630
      • Total interior livable area: 4,335 sqft
      • Finished area above ground: 2,776
      • Finished area below ground: 1,559
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached Garage
      • Garage spaces: 2
      • Details: Garage Dimensions (22' x 24')
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Pool features: None
      • Fencing: Full,Wood
      Lot
      • Size: 6,098 Square Feet
      • Dimensions: 50 x 124
      • Features: Near Public Transit, Tree Coverage - Light
      Details
      • Foundation area: 1854
      • Parcel number: TBD
      • Zoning description: Business/Commercial,Residential-Single Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Other
      Materials
      • Roof: Age 8 Years or Less,Asphalt,Rubber
      Condition
      • New construction: No
      • Year built: 1948

      Utilities & green energy

      • Electric: Circuit Breakers
      • Gas: Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Park Ave Terrace
      Location
      • Region: Minneapolis

      Financial & listing details

      • Price per square foot: $115/sqft
      • Annual tax amount: $8,683
      • Date on market: 6/9/2026
      • Cumulative days on market: 32 days
      • Tenant pays: Broadband

        Estimated market value

        $505,400

        $480,000 - $531,000

        $2,195/mo

        Price history

        DateEventPrice
        7/1/2026Pending sale$499,900$115/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7089641 Report a problem
        6/25/2026Listed for sale$499,900$115/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7089641 Report a problem
        6/18/2026Pending sale$499,900$115/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7089641 Report a problem
        6/9/2026Listed for sale$499,900$115/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7089641 Report a problem
        11/6/2024Listing removed$2,000
        Source: Zillow Rentals Report a problem
        10/29/2024Listed for rent$2,000
        Source: Zillow Rentals Report a problem
        5/16/2023Listing removed--
        Source: Zillow Rentals Report a problem
        5/15/2023Listed for rent$2,000
        Source: Zillow Rentals Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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.

        Climate risks

        Neighborhood: Diamond Lake

        Getting around

        70 / 100
        Very Walkable
        44 / 100
        Some Transit
        78 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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