




2809 Garfield Ave, Minneapolis, MN, 55408
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
Schools
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
