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2809 Garfield Avenue Minneapolis (MN) 55408
$499,000 Active
StatusActive Living Area2863 YR1900 School District1 DOM57

Public Remarks

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. Lower 3BR Unit – 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.

Quick Specifications

Price :
$499,000
Status :
Active
Property Type :
Residential Income
Year Built :
1900
Approx. Sq. Ft :
2863
School District :
1
Taxes :
$ 7489
MLS# :
6800669

Interior Features

Foundation Size :
1560

Lot and Location

PostalCity :
Hennepin
Zip Code :
55408
Neighborhood :
Whittier
Directions :
Lyndale Ave to 28th. Right to Garfield Ave. Right to 2809 Garfield Ave.
Complex/Development/Subd :
Haywoods Add
Lot Description :
Irregular Lot
Lot Dimensions :
40x129
Zoning :
Residential-Multi-Family
School District :
1
School District Phone :
612-668-0000

Structural Features

Class :
Residential Income
Basement :
Single Tenant Access, Unfinished
Exterior :
Vinyl Siding, Wood Siding
Accessibility Features :
None
Roof :
Age 8 Years or Less
Sewer :
City Sewer/Connected
Water :
City Water/Connected

Financial Considerations

DPResource :
Y
Foreclosure Status :
No
Lender Owned :
No
Potential Short Sale :
No
Latitude :
44.951546
MLS# :
6800669
Style :
Duplex Up and Down
Complex/Development/Subd :
Haywoods Add
Tax Amount :
$ 7489
Tax With Assessments :
7489.0000
Tax Year :
2025
Source: NorthStar MLS as distributed by MLS GRID


© 2025 Based on information submitted to the MLS GRID as of 2025-10-10 00:00:05 (Central Time) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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