2809 Garfield Avenue, Minneapolis, MN 55408
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
2809 Garfield Avenue,Minneapolis, MN 55408
$549,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by:shane spencer
Office:coldwell banker realty
MLS#:6800669
Source:NSMLS
Price summary
- Price:$549,000
About this home
Prime Lyn-Lake Investment Opportunity
An exceptional chance to acquire a well-maintained duplex in one of Minneapolis’ most vibrant neighborhoods. Steps to the Greenway Bike Trail, Soo Line, top restaurants, and retail, this property offers both immediate cash flow and long-term appreciation potential.
Recent capital improvements include: new roof, siding, Rusco windows, and refinished hardwood floors (all 2019), plus updated kitchens, baths, light fixtures, and stainless appliances. A 4-car parking area adds rare convenience.
Utilities are separately metered for gas and electric, reducing owner overhead. Current income streams:
Upper Unit – Market-rate tenant paying $1,775/month.
Lower 3BR Unit – Proven Airbnb performer, averaging an estimated $3,500/month.
Flexible for investors or owner-occupants: live in one unit and generate income from the other, or maximize both as cash-flowing rentals. Strong fundamentals today and positioned for future redevelopment or land value play in this high-demand corridor.
Exceptional value. Strong income. Limited opportunity. Act now.
Contact an agent
Home facts
- Year built:1900
- Listing ID #:6800669
- Added:1 day(s) ago
- Updated:October 09, 2025 at 01:10 AM
Heating and cooling
- Heating:Forced Air, Radiant, Space Heater
Structure and exterior
- Roof:Age 8 Years or Less
- Year built:1900
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$549,000
- Tax amount:$7,489 (2025)
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