Active

MLS: #7136071, Listed By: Martin Turner, eXp Realty, Source:FargoMoorhead Area Association of REALTORS

2317 Garfield Avenue

Minneapolis, MN 55405
Mark as Favorite
Bed 5

Bed

Bath 3

Bath

SqFt2,598

Sqft

Acres0.12

Acre(Lot)

UPTOWN TRIPLEX, Seller Financing with 10% Down @ only 5.9% on a CONTRACT for DEED - Looking for an investment property where the financing terms may be just as interesting as the property itself? 8.7% Cap & 19.3% CoC - 5+ Bedrooms, 3 Bathrooms, 3,056 SF - Available on a Contract for Deed at 5.9% with 10% Down, 7-Year Term with Option to Extend, $2,000 Monthly Payment (P&I) - Recent improvements: 2022 - Updated Kitchens, Bathrooms, Painting & Floors refinished , 2022 -Updated Electrical inside at installed 3 separate meters, 2022 - Updated Plumbing to Kitchens & Bathrooms, 2021 - Installed new Roof & Gutters, 2015 - Updated Hot Water Heater, 2006 - Modern Boiler that has been serviced regularly - Outside, there is a private fully fenced backyard, raised garden beds, fire pit, and 4 off-stre et parking spots - ARV = $525K to $575K+ Rent Potential: 1st Level = 2 Bed & 1 Bath - $1,650+ / Month - (Need to Add Walls and a Door) - or - Invest More and it could be a 3 Bed with Office & 2 Bath with Family Room in Lower Level - $2,150+ / month, 2nd Level = 2 Bed & 1 Bath - $1,700+ / Month, 3rd Level = 1 Bed & 1 Bath - $1,250+ / Month need to finish Kitchen and update the flooring - Laundry Income $50+ / Month = Total Gross Rent: $4,650+ - Location is less than 2 blocks to Bus line, SK Coffee, Learning Tower of Pizza, Wedge Coop, and only 5 blocks to Eat Street Restaurants - The opportunity isn’t just in what you buy, it’s in how you’re able to buy it that really counts - Come check it out, you will be glad you did ;-)

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : Residential Income

Price : $396,000

AD Id : 91649522

MLS Id : 7136071

Beds : 5

Lot Size : 0.12 Acre

Living Area Size : 2,598 Sq. Ft

Tax Amount : $7,801

Year Built : 1909

County : Hennepin

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3

    Room Information

    Has Basement: Yes Basement: Full, Storage Space, Unfinished, Other
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Roof: Asphalt, Shingle Laundry Features: Common Area, In Basement
  • Heating & Cooling

    Has Heating: Yes Heating: Radiant

  • Building Information

    Year Built: 1909 Building Area Total: 3606 Construction Materials: Block, Concrete, Frame Patio And Porch Features: Front Porch Private Pool: No

  • Lot Information

    Lot Dimensions: 40 x 128 Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227.2 Lot Description: Level, Near Public Transit

    Property Information

    Subdivision: Badger & Penneys 2nd Add Source Property Type: Residential Income Postal Code Plus 4: 3243 Property SubType: Triplex Property Age: 117

  • Listing Price Information

    Listing Price: $396000 Contract

  • Tax Information

    Parcel Number: 3402924220169 Tax Year: 2026 Annual Tax: $7801 Tax Legal Desc: LOT 018 BLOCK 001 BADGER & PENNEYS 2ND ADDN TO MPLS

  • Parking Information

    Parking Lot

  • Location Information

    Direction: I-94 to Lyndale Exit go South to 22nd St go East to Garfield then go South to Property on the Left WaterSource: Public
Sell a home like this and save $23,261 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2017 Grand Avenue, Minneapolis, MN, 55405 $675,000 8 4 4,732 0.19 Acre
2121 Harriet Avenue, Minneapolis, MN, 55405 $575,000 7 3 3,152 0.12 Acre
2024 Harriet Avenue, Minneapolis, MN, 55405 $499,000 5 2 2,642 0.12 Acre
2305 Garfield Avenue, Minneapolis, MN, 55405 $374,900 4 2 1,585 0.12 Acre
2542 Garfield Avenue, Minneapolis, MN, 55405 $349,000 3 2 2,211 0.10 Acre
2507 Lyndale Avenue, Minneapolis, MN, 55405 $569,900 5 4 3,308 0.11 Acre
2209 Aldrich Avenue, Minneapolis, MN, 55405 $509,900 6 3 3,436 0.17 Acre
2441 Dupont Avenue, Minneapolis, MN, 55405 $849,900 8 4 3,753 0.13 Acre
226 Gramercy Avenue, Minneapolis, MN, 55405 $400,000 4 3 2,664 6,534 Sq. Ft
501 Newton Avenue, Minneapolis, MN, 55405 $325,000 5 2 2,278 0.12 Acre
Broker Logo

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 10/03/2026 @ 21:37

MLS: 7136071 LISTED BY: Martin Turner, eXp Realty 320-500-4397 SOURCE: FargoMoorhead Area Association of REALTORS

Homes around $396,000

Selling? Save $23,261 when you sell a home like this

Tour with a ByOwner Agent