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$464,800

  • For Sale
  • Active
  • Commercial
  • 6,452 Sq. Ft.
  • 0.14 Acres
  • Updated 11 days ago
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All information is deemed reliable but should be verified by buyer and agent. This versatile 4,220 SF commercial property in the heart of Minneapolis' Diamond Lake neighborhood offers a unique opportunity for either an investor seeking stable cash flow or an owner-occupant looking to establish a flagship location. Approximately 4,220 SF across two units, with an additional 3,000 SF basement for storage or utility. The space boasts 11'+ ceilings, original hardwood floors, and large windows providing abundant natural light from western exposure. The building is equipped with central heating and air conditioning, a 200 AMP electrical system, and separate utilities for each unit. 3 garages and off-street parking, plus ample street parking for customers. Situated in a high-traffic location with "alfresco" sidewalks, making it ideal for retail or dining concepts. Directly across from Todd Park and next to Kowalski's Market, ensuring steady foot traffic and local visibility.

Full Property Details for 5609 Chicago Ave S

General

  • Price: $464,800
  • Taxes: $14,111 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7011885
  • Updated: 2/26/2026
  • Added to Site: 42 day(s) ago

Interior

  • Flooring: Concrete Slab

Rooms

Bathrooms

  • Total Bathrooms: 2

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 3
  • Parking Features: Attached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Edgewater On Nokomis 2nd Add
  • Neighborhood: 17
  • Driving Directions: 35W to Diamond Lake Exit (54th street) East to Portland, South to 56th Street, East to Chicago.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Outdoor Furnace
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Separate

Structural Information

  • Exterior Const.: Block, Frame
  • Basement: Yes
  • Basement Desc.: Block, Storage Space
  • Foundation Size: 4220
  • Roof: Age Over 8 Years, Composition
  • Ceiling Height: 11-15
  • Disability Access: No Stairs External, Wheelchair Ramp(s)
  • Square Feet: 6,452
  • Finished Down/Base.: 6,452 Sq. Ft.
  • Current Bldg. Use: Beauty/Barber Shop, Professional Service, Retail
  • Year Built: 1940

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Dimensions: 50 x 120.6
  • Frontage: City Street, Paved Streets, Sidewalks, Street Lights
  • Potential Use: Office, Other, Professional Service, Retail, Shop, Wholesale, Income, Industrial, Medical/Dental
  • Zoning: Business/Commercial
  • Lot Description: Public Transit (w/in 6 blks), Infill Lot, Light Tree Coverage, Zero Lot Line

Financial Considerations

  • Tax Amount: $14,111
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Insurance, Repairs, Roof Maintenance
  • Tenant Pays: All Utilities, Insurance, Security, Taxes

Disclosures and Reports

  • Legal Description: LOT 022 BLOCK 012 EDGEWATER ON NOKOMIS 2ND ADDN
  • Inclusions: Building, Leases
  • Property ID: 2302824240090

Listed by Verde Real Estate Group

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— 5609 Chicago Ave S —

  • Verde Real Estate Group

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 5609 Chicago Ave S

School District:Minneapolis Public School District
NameGradesDistance
Windom School
5821 Wentworth Avenue, Minneapolis, MN 55419
PK-50.9 mi
Anthony Middle School
5757 Irving Avenue South, Minneapolis, MN 55419
6-81.8 mi
Southwest High School - SWS
3414 West 47th St, Minneapolis, MN 55408
9-123.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5609 Chicago Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/26/2026
Price Reduced
$464,800
-6.67%
MLS
1/26/2026
Listed
$498,000
99500%
MLS
7/03/2001
Sold
$500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5609 Chicago Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,111
8%
$480,000
—
2023
$13,111
17%
$480,000
21%
2023
$11,212
—
$398,000
10%
2023
$11,212
14%
$362,000
11%
2020
$9,841
-3%
$325,000
—
2019
$10,162
14%
$325,000
12%
2018
$8,930
-6%
$289,000
3%
2017
$9,538
-7%
$280,500
2%
2016
$10,229
-5%
$275,000
—
2015
$10,772
-13%
$275,000
-8%
2014
$12,373
-5%
$300,000
-5%
2013
$12,980
—
$316,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Verde Real Estate Group

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5609 Chicago Avenue S, Minneapolis, MN 55417 (MLS# 7011885) is a Commercial property. 5609 Chicago Avenue S is currently listed for $464,800 and was received on January 26, 2026. Want to learn more about 5609 Chicago Avenue S? Do you have questions about finding other Commercial real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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