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
Walker's Paradise
Good Transit
Biker's ParadiseSchools
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
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
- Heat Wave
- Tornado
- Hail
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,224 | $26,688 |
| Home Insurance * | $335 | $4,020 |
| Property Taxes | $694 | $8,328 |
| Electricity | $241 | $2,897 |
| Total | $3,494 | $41,928 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Listed for sale | $479,000 |
| 2026-02-17 | Listing removed | $450,000 |
| 2026-01-22 | Listed for sale | $450,000 |
| 2026-01-21 | Listing removed | $499,000 |
| 2025-11-22 | Price change | $499,000 |
| 2025-11-03 | Price change | $529,000 |
| 2025-10-10 | Listed for sale | $549,000 |
| 2019-09-16 | Sold | $450,000 |
| 2019-08-20 | Pending sale | $439,000 |
| 2019-08-08 | Listed for sale | $439,000 |
| 2017-01-27 | Sold | $307,900 |
| 2016-12-08 | Listed for sale | $299,900 |
| 2003-10-16 | Sold | $58,000 |
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