Homes for sale - 3029 Garfield AVE, Minneapolis, MN 55408

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Dec

Tue

Dec

Wed

Dec

Scott Hutchinson

scott@mnrealtysearch.com +1(206) 691-9923

$ 930,000

Est. payment | -/mo

6,098 Sqft Lot

Save

$ 930,000

Est. payment | -/mo

Save

6,098 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Motor Line Add

MLS Listing ID 6624634

Year Built 1960

Annual Tax Amount $12,164

Tax Year 2024

Contingent None

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 46' x 128'

Property Description

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.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building, Fixture/Equipment, Leases, Rental License

Fireplace No

Exterior

Parking Features Parking Lot

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

Present Use Residential

Building

Foundation 1616

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone,Stucco

Schools

School District Minneapolis

Listed by Paul Begich • Compass

GET MORE INFORMATION

Scott Hutchinson

REALTOR® | Lic# 20342322

scott@mnrealtysearch.com

+1(206) 691-9923

17850 Kenwood Trail Lakeville Minnesota 55044

3029 Garfield AVE Minneapolis, MN 55408

Scott Hutchinson

Key Details

Location

Interior

Exterior

Building

Schools

3029 Garfield AVE