MN > Minneapolis > Motor Line Add
Minneapolis, MN 55408,3029 Garfield AVE
Minneapolis, MN 55408,3029 Garfield AVE
Minneapolis, MN 55408,3029 Garfield AVE
Minneapolis, MN 55408,3029 Garfield AVE
Minneapolis, MN 55408,3029 Garfield AVE
Minneapolis, MN 55408,3029 Garfield AVE
Brad Lacher
Brad Lacher

Agent | License ID: 20356975

+1(952) 200-1994

GET MORE INFORMATION

Full Name
Phone*
Message
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.

$ 865,000

$ 865,000

Est. payment | /mo

6,098 Sqft Lot

$ 865,000

$ 865,000

Est. payment | /mo

6,098 Sqft Lot

Key Details

Sold Price $865,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Motor Line Add

MLS Listing ID 6725729

Sold Date 07/02/25

Year Built 1960

Annual Tax Amount $10,761

Tax Year 2025

Contingent None

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 46' x 128'

Property Sub-Type Apartment

Property Description

SELLER FINANCING AVAILABLE w/ the following terms: 20% 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 $7,100/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 12%! A turnkey investment in one of Minneapolis's most popular rental areas—this is an income-producing property you won't want to miss!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

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
Brad Lacher

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 200-1994

brad@greatmnhomes.com

8604 Eagle Creek Cir, Savage, MN, 55378, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of REAL Broker, LLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

3029 Garfield AVE