$960,000
2322 Garfield Avenue Minneapolis, MN 55405
For Sale MLS# 7062574
8 beds 4 baths 4,973 sq ft Multi-family
Details for 2322 Garfield Avenue
MLS# 7062574
Description for 2322 Garfield Avenue, Minneapolis, MN, 55405
An exceptional investment opportunity awaits with this impeccable brick four-plex situated in a perfect high demand area, close to Uptown, Downtown, and the Chain of Lakes. Each of the four existing units feature, sun-drenched layout designed to attract and retain high-quality tenants, boasting modern updates, along with classic details. The spacious units also feature a large living room and dining room with built-ins, as well as two large bedrooms and window wrapped sunrooms. Ample dedicated off-street parking is available for tenants in your large dedicated parking lot. Many recent improvements including windows, mechanicals and much more. There is even potential for finishing unused lower-level space for a possible 5th or 6th unit. A perfect balance of immediate cash flow with significant value-add potential. This building is walkable to many restaurants, shops and grocery stores as well as public transportation. Don’t miss out on this great opportunity!
Listing Information
Property Type: Multi-family, Four Plex
Status: Active
Bedrooms: 8
Bathrooms: 4
Lot Size: 0.19 Acres
Square Feet: 4,973 sq ft
Year Built: 1912
Foundation: 4,973 sq ft
Stories: 2 Stories
Subdivision: Badger & Penneys 2nd Add
Number Of Units Total: 4
County: Hennepin
Days On Market: 34
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Square Footage above: 4,973 sq ft
Basement: Unfinished
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Hot Water, Natural Gas
Exterior / Lot Features
Parking Description: Paved Lot, Garage Sq Ft - 0.00
Exterior: Brick/Stone
Roof: Flat, Rubber
Lot Dimensions: 70.17 X 118.6
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Corner Lot, Road Frontage - City
Driving Directions
Lyndale Ave to 24th St to Garfield Ave
Financial Considerations
Tenant Pays: Cable T.V.,Electric,Fuel,Trash
Owner Pays: Insurance,Lawn,Maintenance/Repair,Snow,Taxes,Trash
Gross Income: 97800
Tax/Property ID: 3402924220190
Tax Amount: 15002.71
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Coldwell Banker Realty - Lakes
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2322 Garfield Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2322 Garfield Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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