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3029 Garfield Avenue Minneapolis MN 55408US6624634
3029 Garfield Avenue MinneapolisMN55408
930000.0000 1/1/1900 12:00:00 AM
Realty Executives Midwest Regional Office
3525 Plymouth Blvd, Ste 107PlymouthMN55447
952-767-5300
1 /

Courtesy of: Paul Begich, Compass, paul.begich@compass.com

3029 Garfield Avenue
Minneapolis MN 55408 US

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1 /

Courtesy of: Paul Begich, Compass, paul.begich@compass.com

Realty Executives Midwest Regional Office
3525 Plymouth Blvd, Ste 107
Plymouth, MN, US 55447
952-767-5300

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3029 Garfield Avenue
Minneapolis MN 55408 US

$930,000

Active Listing ID 6624634
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Lot: 0.14 Acres
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Other

$930,000

Active Listing ID 6624634
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3029 Garfield Avenue 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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Property Features

  • Facts
  • Lot Size: 0.14 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Brick/Stone, Stucco

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 930000
  • unparsedaddress: 3029 Garfield Avenue
  • postalcity: Minneapolis
  • stateorprovince: MN
  • country: US
  • postalcode: 55408
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.14
  • lotsizeunits: Acres
  • lotsizearea: 0.14
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 44.947305
  • longitude: -93.28647
  • listagentfullname: Paul Begich
  • listagentemail: paul.begich@compass.com
  • listagentkey: 3yd-RMLSMN-502047750
  • listagentmlsid: 502047750
  • listagentpreferredphone: 9528473406
  • listagentofficephone: 9522830897
  • listofficekey: 3yd-RMLSMN-49138
  • listofficemlsid: 49138
  • disclaimer: Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1960
  • listingcontractdate: 2024-10-29
  • listagenturl: https://www.compass.com
  • countyorparish: Hennepin
  • parcelnumber: 0302824220064
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Parking Lot
  • waterfrontyn: False
  • exteriorfeatures: Brick/Stone, Stucco
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -93.28647, 44.947304
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass Minnesota, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"paul.begich@compass.com", "ListBrokerageCity":"St Louis Park", "ListBrokerageCountry":"US", "ListBrokerageEmail":"support@compass.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass Minnesota, LLC", "ListBrokeragePhone":"(952) 213-1631", "ListBrokeragePostalCode":"55416-1443", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1600 Utica Ave S", "ListBrokerageWebsiteUrl":"https://www.compass.com", "ListOfficeAddress1":"5018 France Ave S", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Edina", "ListOfficeCountry":"US", "ListOfficeEmail":"support@compass.com", "ListOfficePostalCode":"55410", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Minneapolis, MN", "ListingURL":"https://listings.listhub.net/pages/RMLSMN/6624634/?channel=rexren", "MLSModificationTimestamp":"2024-10-29T13:12:27Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":12164, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:09:39 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: Paul Begich, Compass, paul.begich@compass.com

Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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