2809 Garfield Avenue, Minneapolis, MN 55408
- $440,000
- 5
- BD
- 2
- BA
- 2,863
- SqFt
- List Price
- $440,000
- Price Change
- ▼ $10,000 1782764711
- MLS#
- 7069096
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Duplex Up and Down
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 2,863
- Acres
- 0.12
- Subdivision
- Haywoods Add
- Neighborhood
- 84
- Year Built
- 1900
Property Description
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 $1,900/month through July 2027. Main Floor Unit - Market-rate tenant paying $1,600/month through February 2027. This unit has previously been a proven and profitable Airbnb performer. 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.
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Additional Information
- School District
- Minneapolis
- Amenities Shared
- Common Garden
- Tax Year
- 2025
- Fuel
- Other
- Lot Description
- Irregular Lot
- Sewer
- City Sewer/Connected
- Roof
- Age 8 Years or Less
- Heating
- Forced Air, Radiant, Space Heater
- Water
- City Water/Connected
- Basement
- Single Tenant Access, Unfinished
- Parking
- Parking Lot, Open
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Listing courtesy of Coldwell Banker Realty - Lakes.
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