3029 GARFIELD AVENUE
3029 Garfield Avenue, Minneapolis, 55408, MN
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Price: $900,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Lyndale
Bedrooms: 0
Property Size :0
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Listing Agent: NST49138,NST109245
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Property type : Apartment
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Zip code: 55408
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Street: 3029 Garfield Avenue
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Street: 3029 Garfield Avenue
Bathrooms: N/A
Year: 1960
Listing Brokerage: Compass
DETAILS
SELLER FINANCING AVAILABLE w/ the following terms: 25% down, 5.0% interest (interest-only), on a seven-year term. Fantastic investment opportunity to buy an apartment with seller-financing in the heart of Lyn-Lake! This fully renovated six-unit apartment at 3029 Garfield offers modern, updated units with leases running through Summer of 2025 – one unit has been left vacant to accommodate on-site showings. 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 – with the seller financing terms, this equates to a cash-on-cash return of over 10%! A turnkey investment in one of Minneapolis’s most popular rental areas—this is an income-producing property you won’t want to miss!
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: ,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 1616ft²
Unit Amenities:
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Heating System:
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- Boiler
LOT
Acres: N/A
Lot Size Dim.: 46' x 128'
Longitude: 44.9473
Latitude: -93.2865
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $10,761
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7721761
Listing Brokerage: Compass
ID: 3512124
Published: April 02, 2025
Last Update: April 02, 2025
Views: 3
