Minneapolis, MN 55417,6008 Chicago AVE
Minneapolis, MN 55417,6008 Chicago AVE
Minneapolis, MN 55417,6008 Chicago AVE
23
$469,000
$469,000
Est.Price: ?

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3,140 SqFt

6008 Chicago AVE Minneapolis, MN 55417

Est. payment /mo
SOLD DATE : 03/03/2022

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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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Listed by Moe Mossa • Savvy Avenue, LLC

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agent

David Chase

+1(952) 201-3539

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