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$930,000
83 Days On Site

3029 Garfield Avenue
Minneapolis, MN 55408

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
4,412
SqFt
$211
/SqFt
1960
Built
Subdivision:
Motor Line Add
County:
Hennepin
Listing courtesy of Compass

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3029 Garfield Avenue3029 Garfield Avenue3029 Garfield Avenue3029 Garfield Avenue
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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.

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Listing Snapshot
Price 
$930,000
Days On Site 
83 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,412 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.14 Acres
Year Built 
1960
MLS® Number 
6624634
Status 
Active
Property Tax 
$12,164
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.14
Additional Property Use 
Residential
Parking 
Parking Lot
Property Sub Type 
Apartment
Sewer 
Public Sewer
SqFt Total 
4412
Water Source 
Public
Zoning 
Residential-Multi-Family
Interior Features
Heating 
Natural Gas
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Exterior Features
Construction Details 
BrickStucco
Community Features
School District 
Minneapolis
Schools
School District
Minneapolis
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Compass



Listing information is provided by Participants of the Northstar MLS. 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. Copyright 2025, Northstar MLS.
Data last updated at: 2024-10-30 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
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