2317 Garfield Avenue
Minneapolis, MN 55405
$396,000 - 84
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-street 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+ - ...
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Listing Courtesy of: eXp Realty
612-695-0167
| Listing Id: | 7136071 |
|---|---|
| List Price: | $396,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Active |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 3 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 2,598 |
| Tax Annual Amount: | $7,801 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 84 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Badger & Penneys 2nd Add |
| Postal Code: | 55405 |
| Year Built: | 1909 |
| Number Of Units Total: | 3 |
| Above Grade Finished Area: | 2,598 |
| Accessibility Features: | None |
| Association Amenities: | Common Garden, Lobby Entrance |
| Basement: | Yes |
| Basement: | Full, Other, Shared Access, Storage Space, Unfinished |
| Bathrooms Total Integer: | 3 |
| Building Area Total: | 3606 |
| Construction Materials: | Block, Concrete, Frame |
| Directions: | I-94 to Lyndale Exit go South to 22nd St go East to Garfield then go South to Property on the Left |
| Electric: | 200+ Amp Service |
| Fencing: | Privacy, Wood |
| Foundation Area: | 1,008 |
| Fuel Expense: | 683 |
| Garage Spaces: | 0 |
| Gross Income: | $55,800 |
| Heating: | Boiler, Radiator |
| High School District: | Minneapolis |
| Insurance Expense: | $4,404 |
| Laundry Features: | In Basement, Common Area |
| Levels: | More Than 2 Stories |
| Listing Contract Date: | 2026-10-02 |
| Living Area Units: | Square Feet |
| Lot Features: | Public Transit (w/in 6 blks), Tree Coverage - Light |
| Lot Size Area: | 0.12 |
| Lot Size Dimensions: | 40 x 128 |
| Lot Size Units: | Acres |
| Maintenance Expense: | $828 |
| Net Operating Income: | $34,500 |
| Assessment Pending: | No |
| DPResource: | Yes |
| Foreclosure Status: | No |
| Foundation Dimensions: | 28 x 36 |
| Fractional Ownership Yn: | No |
| Fuel: | Electric, Natural Gas |
| Garage Square Feet: | 0 |
| Income Misc Ann: | $600 |
| Income Misc Mon: | $50 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Power Company: | Xcel Energy |
| Yearly/Seasonal: | Yearly |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Shared Rooms: | Other |
| Tax With Assessments: | $8,004 |
| Operating Expense: | $21,300 |
| Other Expense: | $480 |
| Owner Pays: | Common Area Maintenance, Exterior Maintenance, Gas, Hot Water, Insurance, Grounds Care, Management, Pest Control, Sewer, Snow Removal, Taxes, Trash Collection, Water |
| Parcel Number: | 3402924220169 |
| Parking Features: | Asphalt, Parking Lot |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 34 |
| Public Survey Township: | 29 |
| Road Frontage Type: | City Street, Sidewalks, Street Lights |
| Road Responsibility: | Public Maintained Road |
| Roof: | Age 8 Years or Less, Architectural Shingle, Asphalt, Pitched |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Tenant Pays: | Cable TV, Electricity, Other |
| Topography: | Level |
| Trash Expense: | $1,605 |
| Water Sewer Expense: | $1,070 |
| Water Source: | City Water/Connected |
| Township: | Minneapolis |
| Above Grade Sq Ft Total: | 2598 |
| Below Grade Sq Ft Total: | 1008 |
| Main Level Finished Area: | 1008 |
| Patio Porch Type: | Front Porch |
| Total Area: | 3,606 |
| Exterior Features: | Cement Board |
| Foundation Details: | Brick/Mortar, Stone |
| School District Full Name: | 1 - Minneapolis |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:23 PM - CT
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Property Last Updated: October 08, 2026 04:23 PM - CT
