2809 Garfield Avenue, Minneapolis, MN 55408

Local realty services provided by:ERA Gillespie Real Estate
2809 Garfield Avenue,Minneapolis, MN 55408
$499,000
  • - Beds
  • - Baths
  • 2,863 sq. ft.
  • Multi-family
  • Active
Listed by: shane spencer, todd nelson
Office: coldwell banker realty
MLS#:6800669
Source:NSMLS

Price summary

  • Price:$499,000
  • Price per sq. ft.:$174.29

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

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Home facts

  • Year built:1900
  • Listing ID #:6800669
  • Added:51 day(s) ago
  • Updated:November 28, 2025 at 06:05 AM

Rooms and interior

  • Living area:2,863 sq. ft.

Heating and cooling

  • Heating:Forced Air, Radiant, Space Heater

Structure and exterior

  • Roof:Age 8 Years or Less
  • Year built:1900
  • Building area:2,863 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$499,000
  • Price per sq. ft.:$174.29
  • Tax amount:$7,489 (2025)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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