BEDS0
BATHS
SQUARE FEET4,335
MLS#7089641
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPark Ave Terrace
SCHOOLMinneapolis
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Block, Finished, Full
Basement: Yes
Garage: 2
Heating: Baseboard, Ductless Mini-Split, Fireplace(s)
Lot Size: 0.14 Acres
Roof Type: Age 8 Years or Less, Asphalt, Rubber
Taxes: $8,683
Year Built: 1948
Feature Descriptions
Days on Site: 5
Foundation Size: 1854
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: 50x124
Owners Expense: All Utilities
Parcel#: TBD
Parking: Detached Garage
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Expenses: Broadband
Units: 2
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Welcome Home Productions, LLC
Agency Phone: 651-435-3170
Shown By
Agent Name: Joel Hentges
Agent Phone: (952) 475-9541
Agency Title: Joel Hentges - Re/Max Advantage Plus
Estimate Your Payment
Estimated Payment
$ 1,981.95 per month $1,112.56 Principal & Interest $723.58 Property Tax $145.80 Homeowner's InsuranceChange Payment Information
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5538 Chicago Avenue | MLS# 7089641
This multi-family property located at 5538 Chicago Avenue, Minneapolis, MN 55417 is currently listed for sale with an asking price of $499,900. Chicago Avenue is located within the Minneapolis school district. Search Minneapolis real estate on jhentges.homesbyjoel.com today.