6021 Chicago Avenue, Minneapolis, MN 55417
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 1, 2026
- Days on Market:
- 61
- Last Refresh:
- Jun 30 at 10:06 pm
Property Features for 6021 Chicago Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Basement, Bedroom 4, Bathroom 2, Bathroom 1
- Exterior features
- Brick/Stone, Stucco
- Standard status
- Active
- APN
- 2302824340182
- Size
- 2,311 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7649
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1950
Listing agent Nadezhda Yarmolich (952) 368-0021
Listing office Bridge Realty, LLC 1101 E 78TH STREET SUITE 300, Bloomington, MN (952) 368-0021
Listing date May 1, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Side‑by‑side duplex with both units fully rented
- Unit 1 rents for $1,600/month and Unit 2 rents for $1,800/month
- Each unit has 2 bedrooms and 1 bathroom
- Each unit includes its own garage
- Brick/stone and stucco exterior with forced air heating
- Year built: 1950
Overview
The duplex is located at 6021 Chicago Avenue in Minneapolis, Minnesota 55417, in Hennepin County. The listing characterizes the setting as a prime location, with the overall offering positioned as an income-producing residential rental asset.
For buyers and investors, the appeal is the straightforward two-unit configuration with similar unit layouts and dedicated garage access for each tenant. For an owner-occupant, the property’s current rental status may support a live-in plan while maintaining rental income from the second unit. The property size is listed at 2,311 square feet on a 0.13-acre lot, and showings are available by appointment.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $22.20 |
| − Vacancy | −$3.1k | −$1.33 |
| EGI | $48.2k | $20.87 |
| − OpEx | −$14.5k | −$6.26 |
| NOI | $33.8k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.262483
- Latitude
- 44.893526
