2322 Garfield Avenue, Minneapolis, MN 55405 (MLS# 7062574)


$960,000
2322 Garfield Avenue
Minneapolis, MN 55405
MLS# 7062574
Status: Pending
8 beds  |  4 baths  |  4973 sqft


2322 Garfield Avenue, Minneapolis, MN 55405
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Property Description
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!

Details
Maps
Contract Information
Status: Pending
Off Market Date: 2026-06-05
Contingency: None
Current Price: 960000
Original List Price: 960000
ListPrice: 960000
List Date: 2026-05-01
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1912
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 8
Baths Total: 4
Main Floor Total SqFt: 4973
Above Ground SqFt: 4973
Total SqFt: 4973
Foundation Size: 4973
Style: (MF) Four Plex
Total Finished Sqft: 4973.00
Lot Dimensions: 70.17 X 118.6
Acres: 0.19
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 2322
Street Name: Garfield
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Badger & Penneys 2nd Add
Assessments
Assessment Installment: 138.97
Tax With Assessments: 15141.68
Building Information
Finished SqFt Above Ground: 4973
Income and Expenses
Annual Gross Income: 97800
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 34
Township#: 29
Unit 1
Furnished?: No
Leased?: Yes
Unit Number: 1
Annual Rent: 24150
Finished SqFt: 1100
Full Baths: 1
No. of Units Like This: 4
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 3
Unit Details
Total Units: 4
Property Features
Accessible: None
Basement: Unfinished
Construction Status: Previously Owned
Electric: Circuit Breakers
Exterior: Brick/Stone
Fencing: None
Foundation: Other
Fuel: Natural Gas
Heating: Hot Water
Lot Description: Corner Lot
Owner Pays: Insurance; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Paved Lot
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Flat; Rubber
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Cable TV; Electricity; Fuel; Trash Collection
Unit 1 Appliances: Dishwasher; Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Water: City Water/Connected

Listing Office: Coldwell Banker Realty - Lakes

Last Updated: July - 07 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Thursday 9th of July 2026 06:27 AM

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