$499,900
5536 Chicago Avenue Minneapolis, MN 55417
Active Contingent MLS# 7086283
Other
Details for 5536 Chicago Avenue
MLS# 7086283
Description for 5536 Chicago Avenue, Minneapolis, MN, 55417
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.
Listing Information
Property Type: Commercial
Status: Active Contingent-Inspection
Bedrooms: 4
Bathrooms: 4
Lot Size: 0.14 Acres
Square Feet: 4,335 sq ft
Year Built: 1948
Foundation: 1,854 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Park Ave Terrace
Number Of Units Total: 2
Current Use: Business Service,Residential
County: Hennepin
Days On Market: 13
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Appliances: Dishwasher, Dryer, Washer, Range, Refrigerator
Basement: Full, Partial Finished
Additional Interior Features: Kitchen Window, Hardwood Floors, Kitchen Center Island
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common,Hot Water Common
Cooling: Central, Ductless Mini-Split
Heating: Fireplace, Ductless Mini-Split, Baseboard, Natural Gas
Exterior / Lot Features
Garage Spaces: 2
Parking Description: Detached Garage, Garage Dimensions - 22' x 24', Garage Sq Ft - 536.0
Exterior: Stucco, Brick/Stone
Roof: Rubber, Age 8 Years or Less, Asphalt Shingles
Lot Dimensions: 50x124
Zoning: Business/Commercial,Residential-Single Family
Fencing: Wood, Full
Additional Exterior/Lot Features: In-Ground Sprinkler, Tree Coverage - Light, Public Transit (w/in 6 blks), Land Inclusions - Building,Land, Road Frontage - City
Driving Directions
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.
Financial Considerations
Tenant Pays: Broadband
Owner Pays: All Utilities
Gross Income: 59400
Tax/Property ID: 2302824220126
Tax Amount: 9067
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Welcome Home Productions, LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5536 Chicago Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 5536 Chicago Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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