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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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2317 Garfield Ave , Minneapolis, MN 55405
$396,000
Est. Payment: $880.00/mo
5 Bed
3 Bath
2598 Sqft
0.12 Acres
Status: pending | Days on site: 17
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25792 - 506008788,506017828
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Hatch Brokered by Real
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House 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 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 ;-)
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Highlights

Listed by Martin Turner , 612-695-0167 eXp Realty , 320-500-4397. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Multi-Family
Lot/Acreage
0.12

Year Built

1909

County

Hennepin

 Neighborhood

Badger & Penneys 2nd Add

 School District

Minneapolis

Listing ID

7136071

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Above Ground Sq Ft:2598
Basement:Full,Shared Access,Storage Space,Unfinished
Water:City Water/Connected

Exterior Features

Lot:Public Transit (w/in 6 blks),Tree Coverage - Light,Privacy,Wood
Lot Dimensions:40 x 128
Roof:Age 8 Years or Less,Architectural Shingle,Asphalt,Pitched
Sewer:City Sewer/Connected
Parking Features:Asphalt,Parking Lot
Principal Interest
$880
Taxes
$650

Home Price

$396,000

Loan Details

30 yrs
0%

Down Payment

20%
$79,200
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$880.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $880.00 $650.08 $0.00 $1,530.08
Yearly $10,560.00 $7,801.00 $0.00 $18,361.00
Total $316,800.00 $234,030.00 $0.00 $550,830.00
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Minneapolis, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-10-22T10:01:08.000Z

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