Property

Minneapolis, MN 55408 2704 Garfield Avenue

$399,000

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Presented By: Compass
  • MLS# 6797212
  • 10/02/2025
  • Request Tour
  • Request Info
  • Beds • 1
  • Baths • 1
  • SQFT • 2,042

Home Details

Fantastic investment opportunity! This well-maintained Fourplex offers a blend of modern updates and long-term value. Unit #3 has been fully remodeled, and brand-new HVAC systems were added to Units #1 and #2. The property also features recently installed solar panels, providing energy efficiency and reduced utility costs. Each unit is thoughtfully designed with comfortable living spaces and practical layouts. Located close to schools, shopping, and transit, this property is ideal for an owner-occupant or as a strong addition to your rental portfolio. Don’t miss your chance to own a turnkey property with valuable upgrades.
Presented By: Compass

Interior Features for 2704 Garfield Avenue

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2042
BasementPartial
Basement (Y/N)Yes
Below Grade Finished Area
FuelNatural Gas

General for 2704 Garfield Avenue

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCommon Garden
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsTake 27th Street East from Lyndale, then South on Garfield
Electric Expense100
Fuel Expense1327
Garage Spaces
Gross Income43767
HeatingForced Air, Other
High School DistrictMinneapolis
Insurance Expense5685
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2042
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income10635
New ConstructionNo
Number Of Units Total4
Operating Expense0
OwnerPaysFuel, Insurance, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeOther
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount7198
Tax Year2025
Tenant PaysBroadband, Cable TV, Electricity
Trash Expense0
Water Sewer Expense3547
Year Built1900

Exterior for 2704 Garfield Avenue

Building Area Total2292
FencingWood
Foundation Area1002
Lot Dimensions42.43 X 118.57
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Medium
Lot Size Area0.11
Parking FeaturesOpen
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $399,000
MLS#6797212
List Date 10/02/2025
Property Type Multi-Family
Phone (612) 309-4749
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Request Info
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