2317 Garfield Avenue, Minneapolis, MN 55405 (MLS# 7136071)

2317 Garfield Avenue, Minneapolis, MN 55405

New Listing
$396,000
Property Type: Multi-Family Bedrooms: 5 Baths: 3 Square Footage: 3,606 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $396,000 List Date: 10/02/2026 Last Modified: 10/03/2026

Overview

Description

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 ...

Listing Details MLS# 7136071

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1909
Yearly/Seasonal
Yearly
Main Floor Total SqFt
1008
Above Ground SqFt
2598
Below Grd Total SqFt
1008
Total SqFt
3606
Foundation Size
1008
Style
(MF) Triplex
Total Finished Sqft
2598.00
Power Company
Xcel Energy
Lot Dimensions
40 x 128
Acres
0.12
Assessment Pending
No

Property Features

Accessible: None Amenities Shared: Common Garden; Lobby Basement: Full; Shared Access; Storage Space; Unfinished; Other Construction Materials: Block; Concrete; Frame Construction Status: Previously Owned Electric: 200+ Amp Service Exterior: Cement Board Fencing: Privacy; Wood Foundation: Brick/Mortar; Stone Fuel: Electric; Natural Gas Heating: Boiler; Radiator Internet Options: Cable; Fiber Optic Laundry: Common Area; In Basement Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: Common Area Maintenance; Exterior Maintenance; Gas; Hot Water; Insurance; Lawn; Management; Pest Control; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot Road Frontage: City Street; Sidewalks; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Architectural Shingle; Asphalt Shingles; Pitched Sellers Terms: Contract for Deed Sewer: City Sewer/Connected Shared Rooms: Other Tenant Pays: Cable TV; Electricity; Other Topography: Level Unit 1 Amenities: Countertops-Granite; Custom Cabinetry; Historic/Period Millwork; Security Lights; Ceiling Fan(s); Hardwood Floors; Kitchen Window; Natural Woodwork; Paneled Doors Unit 1 Appliances: Energy Star Appliances; Dishwasher; Microwave; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Living/Dining Room Unit 1 Family Room Characteristics: Main Level Unit 1 Special Search: Rehabbed; Renovated Unit 2 Amenities: Countertops-Granite; Cable; Hardwood Floors; Kitchen Window; Natural Woodwork; Paneled Doors Unit 2 Appliances: Energy Star Appliances; Dishwasher; Microwave; Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Living/Dining Room Unit 2 Family Room Characteristics: Family Room Unit 2 Special Search: Rehabbed; Renovated Unit 3 Amenities: Cable; Kitchen Window; Natural Woodwork; Paneled Doors Unit 3 Bath Description: Main Floor 3/4 Bath; Upper Level Full Bath Unit 3 Cooling: Window Unit 3 Dining Room Description: Living/Dining Room Unit 3 Family Room Characteristics: Family Room Unit 3 Special Search: Rehabbed; Renovated Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
396000
ListPrice
396000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2317
Street Name
Garfield
Street Suffix
Avenue
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55405
Complex/Dev/Subdivision
Badger & Penneys 2nd Add

Assessments

Tax With Assessments
8004

Basement

Foundation Dimensions
28 x 36

More Information

Building Information

Finished SqFt Above Ground
2598

Income and Expenses

Annual Fuel Expense
683
Annual Gross Expenses
21300
Annual Gross Income
55800
Annual Insurance Expense
4404
Annual Maintenance Expense
828
Annual Net Income
34500
Annual Repair Expense
480
Annual Trash Expense
1605
Annual Water/Sewer Expense
1070
Misc Monthly Income
50
Misc. Annual Income
600
Total Annual Expenses
21300

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
34
Township#
29

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
Finished SqFt
1008
Full Baths
Yes
Monthly Rent
1650
No. of Units Like This
Yes
Oth Parking Spaces
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 2

Furnished?
No
Leased?
No
Level
2nd Level
Unit Number
2
Finished SqFt
870
Full Baths
Yes
Monthly Rent
1700
No. of Units Like This
Yes
Oth Parking Spaces
2
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 3

Furnished?
No
Leased?
No
Level
3rd Level
Unit Number
3
3/4 Baths
Yes
Finished SqFt
720
Monthly Rent
1250
No. of Units Like This
Yes
Oth Parking Spaces
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit Details

Total Units
3
IDX
Listing Office: eXp Realty
Last Updated: October - 03 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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