Property for Sale in Minneapolis
3029 Garfield Avenue
Minneapolis, MN 55408

Price
930,000

MLS #
6624634

Status
Active


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Property Details

Year Built
1960

Parking Features
Parking Lot

Zoning
Residential-Multi-Family

2024 Property Taxes
$12,164

School District
Minneapolis

County
Hennepin


CONTRACT FOR DEED AVAILABLE! Fantastic investment opportunity to buy an apartment with seller-financing in the heart of Lyn-Lake! This fully renovated, fully occupied, six-unit building at 3029 Garfield offers modern, updated units with leases running through Summer of 2025. The unit mix consists of 1 x studio, and 5 x one-bedrooms. Tenants enjoy the convenience of mobile-friendly laundry and eight dedicated parking spaces. The property generates over $7,300/month, which includes revenue from rent, parking, pet fees, RUBs, and laundry. A turnkey investment in one of Minneapolis’s most popular rental areas—this is an income-producing property you won’t want to miss! The property can be purchased on a contract for deed with the following terms: 25+% down, 5.0% interest, interest-only monthly payments, on a seven-year term.


North on Lyndale, Right on 31st, Left on Garfield


North on Lyndale, Right on 31st, Left on Garfield

Features


Utilities
Electric Common,Electric Separate,Heating Common,Hot Water Common

Heating
Boiler

Sewer
City Sewer/Connected

Water
Public

Additional Info


Listed By
Paul Begich of Compass

Listed
10/29/24 and last updated 10/29/24

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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