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$396,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 5 Beds
  • 3 Total Baths
  • 2,598 Sq. Ft.
  • Updated 3 days ago
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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+ - 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 ;-)

Full Property Details for 2317 Garfield Ave

General

  • Price: $396,000
  • Taxes: $7,801 (2026)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7136071
  • Updated: 10/3/2026
  • Added to Site: 5 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: In Basement, Common Area, In Basement, Common Area

Additional Information

  • Shared Amenities: Common Garden, Lobby Entrance

Exterior

  • Porch/Patio/Deck: Front Porch

Parking

  • Parking Features: Asphalt, Parking Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Badger & Penneys 2nd Add
  • Neighborhood: 84
  • Driving Directions: I-94 to Lyndale Exit go South to 22nd St go East to Garfield then go South to Property on the Left

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler, Radiator
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Block, Concrete, Frame
  • Basement: Yes
  • Basement Desc.: Full, Other, Shared Access, Storage Space, Unfinished
  • Foundation Size: 1008
  • Roof: Age 8 Years or Less, Architectural Shingle, Asphalt, Pitched
  • Disability Access: None
  • Square Feet: 2,598
  • Above Ground: 2,598 Sq. Ft.
  • Below Ground: 1,008 Sq. Ft.
  • Finished Down/Base.: 3,606 Sq. Ft.
  • Year Built: 1909

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 40 x 128
  • Frontage: City Street, Sidewalks, Street Lights
  • Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage
  • Fencing (Description): Privacy, Wood

Financial Considerations

  • Operating Expenses: $21,300
  • Tax Amount: $7,801
  • Tax Year: 2026
  • Terms: Contract for Deed
  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Gas, Hot Water, Insurance, Grounds Care, Management, Pest Control, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Other
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 018 BLOCK 001 BADGER & PENNEYS 2ND ADDN TO MPLS
  • Property ID: 3402924220169

Listed by eXp Realty

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— 2317 Garfield Ave —

  • eXp Realty

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Schools serving 2317 Garfield Ave

School District:Minneapolis Public School District
NameGradesDistance
Whittier International
315 West 26th St, Minneapolis, MN 55404
PK-50.3 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-81.4 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2317 Garfield Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/02/2026
Listed
$396,000
13.14%
MLS
12/18/2020
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2317 Garfield Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,004
3%
$410,800
-1%
2025
$7,741
6%
$413,000
-9%
2023
$7,279
5%
$455,000
6%
2023
$6,907
—
$429,000
6%
2023
$6,907
24%
$405,000
7%
2020
$5,581
2%
$379,140
5%
2019
$5,461
18%
$359,520
17%
2018
$4,638
-17%
$307,745
3%
2017
$5,594
10%
$298,500
13%
2016
$5,105
7%
$264,000
13%
2015
$4,758
7%
$234,500
15%
2014
$4,455
5%
$204,000
5%
2013
$4,261
—
$194,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by eXp Realty

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2317 Garfield Avenue, Minneapolis, MN 55405 (MLS# 7136071) is a Triplex property with 5 bedrooms and 0 full bathrooms. 2317 Garfield Avenue is currently listed for $396,000 and was received on October 02, 2026. Want to learn more about 2317 Garfield Avenue? Do you have questions about finding other Triplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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