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3427 Garfield Ave, Minneapolis, MN, 55408

5beds
3baths
2,360sqft
$440,000
$186price/sqft
$3,464/moest. monthly cost
$138,560/yrincome needed

About This Home

Turnkey duplex opportunity in Minneapolis’ Lyndale neighborhood. The main level apt features a comfortable 2-bedroom, 1-bath layout with a living room bay window, decorative fireplace in the primary bedroom, and a blend of classic hardwood and tile floors. Just outside, relax on the covered front or rear porch. The upper-level apartment spans a story and a half with 3 bedrooms and 2 bathrooms. The expansive primary ensuite stretches approximately 38 feet from front to back and includes an updated bathroom, walk-in closet, and flexible space ideal for a home office, studio, reading nook, or workout area. The kitchen opens to a large deck, and the unit enjoys bright, sunny spaces throughout. Shared laundry in the lower level with separate rear entrance. Convenient off-street parking with a detached single-car garage plus space for 3–4 additional vehicles. An excellent opportunity for an owner-occupant or investor.

Getting Around

83
WalkingVery Walkable
57
TransitGood Transit
88
BikeVery Bikeable

Schools

3/10
Lyndale Elementary SchoolGrades PK-50.2 mi
6/10
8/10

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Age 8 Years or Less,Asphalt
  • Construction materials: Block,Stone

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Up and Down

Interior

Appliances

  • Laundry features: In Basement,Coin-op Laundry Owned

Basement

  • Has basement: Yes
  • Basement: Block,Crawl Space,Partial,Shared Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,164

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,360
  • Total interior livable area: 2,360 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0302824320083
  • Zoning description: Residential-Multi-Family
  • Foundation area: 858

Features

  • Levels: More Than 2 Stories
  • Patio & porch: Deck,Front Porch,Rear Porch,Screened
  • Fencing: Chain Link,Partial

Lot

  • Lot size: 5,662 sqft
  • Features: Near Public Transit,Tree Coverage - Medium
  • Lot size dimensions: 45 x 129

Parking

  • Total spaces: 1
  • Parking features: Detached Garage,Gravel,Parking Lot
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Tornado

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,224$26,688
Home Insurance *$335$4,020
Property Taxes $706$8,472
Electricity $199$2,388
Total$3,464$41,568
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$118,765/yr
40% on housing$103,920/yr
45% on housing$92,373/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$186This listing

vs Other Active Listings

Avg $/sqft

ZIP 55408$163
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55408$255
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-23Price change$460,000
2026-03-06Listed for sale$475,000
2021-10-16Listing removed--
2021-09-22Listed for rent$1,400
1999-12-01Sold$140,000

For Sale by Agent

AgentMichelle Fussy Peterson
BrokerageNational Realty Guild

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