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2809 Garfield Ave, Minneapolis, MN, 55408

5beds
2baths
2,863sqft
$479,000
$167price/sqft
$3,784/moest. monthly cost
$151,360/yrincome needed

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 through June 2026. Main Floor Unit - Market-rate tenant paying $1,600/month with 12-month lease beginning March 2026. This unit has previously been a 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.

Getting Around

92
WalkingWalker's Paradise
65
TransitGood Transit
96
BikeBiker's Paradise

Schools

2/10
Whittier InternationalGrades PK-50.3 mi
--
Andersen CommunityGrades PK-81.4 mi
6/10
South Senior High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Age 8 Years or Less

Type & Style

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

Interior

Appliances

  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Single Tenant Access,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,863

Heating

  • Heating features: Forced Air,Radiant,Space Heater

Interior Area

  • Total structure area: 2,863
  • Total interior livable area: 2,863 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 3402924330161
  • Zoning description: Residential-Multi-Family
  • Foundation area: 1560

Features

  • Levels: Two
  • Patio & porch: Covered,Front Porch

Lot

  • Lot size: 5,227 sqft
  • Features: Irregular Lot
  • Lot size dimensions: 40 x 129

Parking

  • Parking features: Parking Lot,Open
  • Has uncovered spaces: Yes