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6008 Chicago AVE Minneapolis, MN 55417
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Key Details
Sold Price $469,000
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 3,140 sqft
Price per Sqft $149
MLS Listing ID 6081553
Sold Date 03/03/22
Year Built 1956
Annual Tax Amount $6,419
Tax Year 2021
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x118
Property Sub-Type Duplex Side by Side
Property Description
Can immediately move into vacant 6010 side keeping the stable tenant in 6008 to pay mortgage. 6008 side is viewable ONLY by appointment once serious interest is established. Lender's letter required if not paying out of pocket; I am doing a 1031 exchange. Each side mirrors the other except differing bottom floor finish. 6008 4BR 1.25BA / 6010 3BR 1.25BA / share 2-car stand-alone garage. Floor plans provided in pictures. 6008 tenant in place 8 yrs, never problem, and receives a discounted rent of 1530$/month (130$ for water/sewer/trash utilities). Each side has separate electric and gas; both feed kitchen area. Appraised last year for 461,000$ with 6 bedrooms and lower rent. Now is 7 total legal bedrooms, additional repairs completed for FHA qualification, and if fully occupied market rents would be 1650(3BR) + 1750(4BR) for 41,000$/yr. Recommend next improvement be to upgrade the lower level toilets to full bathrooms and carpet the adjoining huge bedroom with its romantic fireplace.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block, Daylight/Lookout Windows, Egress Window(s), Finished, Full, Concrete, Partially Finished, Slab
Interior
Heating Forced Air, Fireplace(s), Heat Pump
Fireplace No
Exterior
Parking Features Detached, Asphalt
Garage Spaces 2.0
Fence Chain Link
Roof Type Age Over 8 Years,Composition,Pitched
Building
Story Two
Foundation 1792
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone,Stucco
New Construction false
Schools
School District Minneapolis
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