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!
Closed
$935,000
2322 Garfield Ave, Minneapolis, MN 55405
8beds
4baths
4,973sqft
Fourplex
Built in 1912
-- sqft lot
$930,900 Zestimate®
$188/sqft
$2,070 Estimated rent
Home value
$930,900
$884,000 - $977,000
$2,070/mo
Zestimate® history
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$5,931/mo
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List your homeWhat's special
Modern updatesClassic detailsImpeccable brick four-plexWindow wrapped sunroomsSun-drenched layoutLarge dedicated parking lotAmple dedicated off-street parking
Zillow last checked:
Listing updated:
Listed by:
Marcus J de los Reyes 612-423-3346,
Coldwell Banker Realty - Lakes
Bought with:
Isaac Larson
Jason Mitchell Group
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7062574
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Hot Water
Features
- Basement: Unfinished
Interior area
- Total structure area: 4,973
- Total interior livable area: 4,973 sqft
- Finished area above ground: 4,973
- Finished area below ground: 0
Property
Parking
- Parking features: Paved Lot
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Fencing: None
Lot
- Size: 8,276 Square Feet
- Dimensions: 70.17 x 118.6
- Features: Corner Lot
Details
- Foundation area: 4973
- Parcel number: 3402924220190
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Roof: Flat,Rubber
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Badger & Penneys 2nd Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $188/sqft
- Tax assessed value: $790,000
- Annual tax amount: $15,002
- Date on market: 5/1/2026
- Cumulative days on market: 35 days
- Tenant pays: Cable TV, Electricity, Fuel, Trash Collection
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Sold | $935,000-2.6%$188/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7062574 Report a problem | ||
| 6/5/2026 | Pending sale | $960,000$193/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7062574 Report a problem | ||
| 5/1/2026 | Listed for sale | $960,000+8.5%$193/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7062574 Report a problem | ||
| 2/3/2023 | Sold | $885,000$178/sqft |
Source: Public Record Report a problem | ||
| 7/7/2022 | Sold | $885,000-10.6%$178/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 6/28/2022 | Pending sale | $990,000$199/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 5/26/2022 | Price change | $990,000-2.9%$199/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 5/23/2022 | Price change | $1,020,000-1.9%$205/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 5/20/2022 | Price change | $1,040,000-1%$209/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 5/15/2022 | Price change | $1,050,000-3.7%$211/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 5/5/2022 | Price change | $1,090,000-0.5%$219/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 4/28/2022 | Price change | $1,095,000-0.5%$220/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 4/13/2022 | Price change | $1,100,000-1.8%$221/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 4/5/2022 | Price change | $1,120,000-2.6%$225/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 4/2/2022 | Listed for sale | $1,150,000$231/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 2/8/2022 | Pending sale | $1,150,000$231/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 1/6/2022 | Listed for sale | $1,150,000+27.8%$231/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6136355 Report a problem | ||
| 9/5/2020 | Listing removed | $899,900$181/sqft |
Source: RE/MAX Results #5618900 Report a problem | ||
| 7/21/2020 | Listed for sale | $899,900+2.8%$181/sqft |
Source: RE/MAX Results #5618900 Report a problem | ||
| 9/26/2019 | Sold | $875,000+59.1%$176/sqft |
Source: Public Record Report a problem | ||
| 7/9/2015 | Sold | $550,000$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,551 -13.5% | $790,000 |
| 2024 | $16,822 +27.1% | $790,000 -9.7% |
| 2023 | $13,232 -1.5% | $875,000 +8.7% |
| 2022 | $13,438 +3.8% | $805,000 +3.9% |
| 2021 | $12,944 -4.1% | $774,500 |
| 2020 | $13,504 +4.3% | $774,500 +5% |
| 2019 | $12,944 -4.1% | $737,500 +5% |
| 2018 | $13,504 +18.5% | $702,500 +22.1% |
| 2017 | $11,397 +5.7% | $575,500 +5% |
| 2016 | $10,787 +1.8% | $548,000 +15% |
| 2015 | $10,596 +9.6% | $476,500 +15% |
| 2014 | $9,668 +6.2% | $414,500 |
| 2013 | $9,103 -7.5% | $414,500 -10% |
| 2012 | $9,842 -0.4% | $460,500 -5% |
| 2011 | $9,878 +8.8% | $484,500 -5% |
| 2010 | $9,075 +21.2% | $510,000 +22.6% |
| 2009 | $7,485 -2% | $416,000 -5% |
| 2006 | $7,641 -5.8% | $438,000 +2.8% |
| 2005 | $8,112 +10.2% | $426,000 +15.4% |
| 2004 | $7,362 -10% | $369,000 +8.8% |
| 2002 | $8,181 -46% | $339,000 |
| 2001 | $15,162 | -- |
Find assessor info on the county website
Neighborhood: Whittier
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Nearby schools
GreatSchools rating
- 2/10Whittier InternationalGrades: PK-5Distance: 0.3 mi
- NAAndersen CommunityGrades: PK-8Distance: 1.5 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 2.3 mi
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Estimated market value
$930,900
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Estimated market value
$930,900
- Minnesota
- Hennepin County
- Minneapolis
- 55405
- Whittier
- 2322 Garfield Ave
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