2308 Garfield Avenue, Minneapolis, 55405, MN
Price: $1,000,000
Status type: For Sale
City: Minneapolis
Neighborhood: Whittier
Bedrooms: 0
Property Size :0
Listing Agent: NST1001844,NST520613
Property type : Apartment
Zip code: 55405
Street: 2308 Garfield Avenue
Street: 2308 Garfield Avenue
Bathrooms: N/A
Year: 1967
Listing Brokerage: Marcus & Millichap
We are pleased to present for sale Garfield Avenue Apartments, a 12-unit apartment community located in the Whittier neighborhood of Minneapolis 2308 Garfield Ave S is available for purchase for the first time in over 20 years. We are pleased to present a unique opportunity to purchase a beloved asset in a core urban area. Consisting of 10 one-bedrooms and 2 studios, this property is exceptionally well cared for. Built in 1967, and situated on a .22 acre lot, 2308 Garfield enjoys a great location within walking distance to the commercial district of Lyndale Avenue. Located one street from Lyndale Avenue, tenants will be within walking distance to Aldi, Baba's Hummus House, French Meadow Cafe, Wedge Co-op, Leaning Tower of Pizza and many others. The property includes an 8-space parking lot, an attractive feature for tenants in the relatively dense urban setting. Major capital improvements include a Duro-last roof from approximately 10 years ago and windows from approximately 10 years ago. With average rents at $967, the opportunity blends consistent cash for the owner and affordability/convenience for the tenant. Rental demand is predicted to increase over the next couple years ensuring this property remains highly occupied. This professionally run property has excellent current and historical occupancy.
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
Basement Details: ,
Appliances Included:
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 2900ft²
Unit Amenities:
Heating System:
Acres: N/A
Lot Size Dim.: Rectangle
Longitude: 44.9597
Latitude: -93.2871
Zoning: Residential-Multi-Family
Tax year: 2025
Tax annual amount: $22,796
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
MLS#: NST7815995
Listing Brokerage: Marcus & Millichap