6008 Chicago Ave Minneapolis, MN 55417

Listing details for 6008 Chicago Ave, Minneapolis, MN 55417 : 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.