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$960,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
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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!

Full Property Details for 2322 Garfield Ave

General

  • Price: $960,000
  • Taxes: $15,002 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7062574
  • Updated: 5/1/2026
  • Added to Site: 17 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Parking Features: Paved Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Badger & Penneys 2nd Add
  • Neighborhood: 84
  • Driving Directions: Lyndale Ave to 24th St to Garfield Ave

School Information

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

Heating & Cooling

  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation Size: 4973
  • Roof: Flat, Rubber
  • Disability Access: None
  • Square Feet: 4,973
  • Above Ground: 4,973 Sq. Ft.
  • Finished Down/Base.: 4,973 Sq. Ft.
  • Year Built: 1912

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Dimensions: 70.17 x 118.6
  • Frontage: City Street
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot

Financial Considerations

  • Tax Amount: $15,002.71
  • Tax Year: 2026
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
  • Tenant Pays: Cable TV, Electricity, Fuel, Trash Collection
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Trash: Tenant Pays

Disclosures and Reports

  • Legal Description: BLOCK 002 BADGER & PENNEYS 2ND ADDN TO MPLS LOTS 14 AND 15
  • Property ID: 3402924220190
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 2322 Garfield Ave —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 2322 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
6-81.5 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 2322 Garfield Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/01/2026
Listed
$960,000
8.47%
MLS
1/31/2023
Sold
$885,000
—
Public Record
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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 2322 Garfield Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,551
-14%
$790,000
-10%
2023
$16,822
27%
$875,000
9%
2023
$13,232
—
$805,000
4%
2023
$13,232
-2%
$774,500
5%
2020
$13,504
3%
$737,500
5%
2019
$13,063
15%
$702,500
13%
2018
$11,397
6%
$621,500
8%
2017
$10,787
2%
$575,500
5%
2016
$10,596
10%
$548,000
15%
2015
$9,668
4%
$476,500
15%
2014
$9,254
2%
$414,500
—
2013
$9,103
—
$414,500
—
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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2322 Garfield Avenue, Minneapolis, MN 55405 (MLS# 7062574) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 2322 Garfield Avenue is currently listed for $960,000 and was received on May 01, 2026. This property is listed by Marcus de los Reyes from our Minneapolis Lakes Office.Want to learn more about 2322 Garfield Avenue? Do you have questions about finding other Multi-Family real estate for sale in Whittier? You can browse all Whittier real estate or contact a Coldwell Banker agent to request more information.

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