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2322 Garfield Ave
Listing Notes
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. Dont miss out on this great opportunity!
Market Insights
$193/sqft vs a nearby median of $231/sqft.
- -17% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 4,973 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 20.8% below the fair value — likely to draw competing offers if it's still on market.
- Pre-war character+$29k +2.5%
- Sparse street life−$17k −1.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 11 days
- Last price change
- No change recorded
- Listed
- May 1, 2026
- Photos
- 45 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- Feb 3, 2023 · $885,000