6008 Chicago Avenue Minneapolis, MN 55417

Down Payment Assistance may be available
$469,000 N/A N/A
Price Bedrooms Bathrooms
Price has dropped 1.3% since 8/9/2021 Price History
Status: Active

MLS #: 6081553

Twin Home Side By Side Sq. Feet: 3140
On Site: 167 Days Lot Size: 0.14 Acres
Neighborhood: See All Properties for Sale in Diamond Lake
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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.
Year Built: 1956
Stories: Two
Style: Duplex Side by Side
Construction Materials: Stucco, Brick/Stone
Roof: Composition, Pitched, Age Over 8 Years
Basement: Full, Finished, Partially Finished, Daylight/Lookout Windows, Egress Window(s), Block, Concrete, Slab
Garage Dimensions: 400 sq.ft.
Heating: Forced Air, Heat Pump, Fireplace(s)
Fuel: Natural Gas, Electric, Wood
Finished Sq. Ft.
Above Grade 1792
Below Grade 1348
Total 3140
Lot Size: 0.14 Acres
Lot Dimensions: 50x118
Garage Spaces: 2
Parking Features: Detached, Asphalt
Sewer: City Sewer/Connected
Water: City Water/Connected
Electric: Circuit Breakers
Road Frontage: City Street, Paved Streets, Sidewalks
Fencing: Chain Link
Zoning: Residential-Multi-Family
Directions: South on I-35W then east on 60th Street turning south on Chicago Avenue with 6008/6010 on the right side within half a block.
School District: Minneapolis
County: Hennepin
Tax Year: 2021
Tax Annual Amount: $6, 419
Insurance Expense: $992
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Listing Information Last Updated 1/22/2022
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Property Summary

6008 Chicago Avenue
Minneapolis, MN 55417

MLS®: 6081553

List Price: $469,000


MLS # 6081553: This property at 6008 Chicago Avenue, Minneapolis, MN 55417 is located in the Diamond Lake subdivision and is listed for $469,000. MLS # 6081553 has been on the market for 166 days.