2809 Garfield Avenue, Minneapolis, MN 55408
New Listing
$549,000


















Property Type:
Multi-Family
Bedrooms:
5
Baths:
2
Square Footage:
2,863
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$549,000
List Date:
10/10/2025
Last Modified:
10/10/2025
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 $1,775/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.
More Information MLS# 6800669
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $549,000
Original List Price: 549000
ListPrice: 549000
List Date: 2025-10-07
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 40x129
Acres: 0.12
Main Floor Total SqFt: 1560
Below Grd Total SqFt: 0
Above Ground SqFt: 2863
Total Finished Sqft: 2863.00
Foundation Size: 1560
Style: (MF) Duplex Up and Down
Garage Stalls: 0
Bedrooms: 5
Baths Total: 2
Total SqFt: 2863
Location, Tax and Other Information
Legal Description: LOT 012 BLOCK 001 HAYWOODS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2105
Property ID Number: 3402924330161
Tax Year: 2025
Tax Amount: 7489
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
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.
Directions: Lyndale Ave to 28th. Right to Garfield Ave. Right to 2809 Garfield Ave.
Accessible
None: 1
Amenities Shared
Common Garden: 1
Assessments
Assessment Balance: 7489
Tax With Assessments: 7489
Basement
Single Tenant Access: 1
Unfinished: 1
Building Information
Finished SqFt Above Ground: 2863
Construction Status
Previously Owned: 1
Exterior
Vinyl: 1
Wood: 1
Foundation
Other: 1
Fuel
Other: 1
Heating
Forced Air: 1
Radiant: 1
Space Heater: 1
Laundry
In Unit: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Irregular Lot: 1
Miscellaneous Information
DP Resource: Yes
Homestead: No
Owner Pays
Common Area Maintenance: 1
HVAC Maintenance: 1
Insurance: 1
Lawn: 1
Repairs: 1
Snow Removal: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Uncovered/Open: 1
Patio, Porch and Deck Features
Covered: 1
Front Porch: 1
Public Survey Info
Range#: 24
Section#: 34
Township#: 29
Rental License Type
Airbnb: 1
Standard: 1
Roof
Age 8 Years or Less: 1
Sellers Terms
Cash: 1
Conventional: 1
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 1
Monthly Rent: 3000
Full Baths: 1
Total Rooms: 7
Annual Rent: 36000
Finished SqFt: 1560
No. of Units Like This: 1
Oth Parking Spaces: 2
Total Baths: 1
Total Bedrooms: 3
Unit Details
Total Units: 2
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 5850
Annual Gross Income: 55650
Annual Insurance Expense: 2000
Annual Maintenance Expense: 2750
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 624
Annual Water/Sewer Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0
Total Annual Expenses: 5850
No. of Ranges
Two: 1
No. of Refrigerators
Two: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Heat: 1
Unit 1 Amenities
Cable: 1
Hardwood Floors: 1
Kitchen Window: 1
Main Floor Primary Bedroom: 1
Washer/Dryer Hookup: 1
Unit 1 Appliances
Freezer: 1
Range: 1
Refrigerator: 1
Unit 1 Bath Description
Main Floor Full Bath: 1
Unit 1 Dining Room Description
Separate/Formal Dining Rm: 1
Unit 1 Special Search
Main Floor Bedroom: 1
3 BR on One Level: 1
All Living Fac. on One Level: 1
Unit 2
Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: 2nd Level
Unit Number: 2
# of Fireplaces: 1
Annual Rent: 21300
Finished SqFt: 1302
Full Baths: 1
Monthly Rent: 1775
No. of Units Like This: 1
Oth Parking Spaces: 2
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 2 Amenities
Cable: 1
Hardwood Floors: 1
Kitchen Window: 1
Porch: 1
Unit 2 Appliances
Freezer: 1
Range: 1
Refrigerator: 1
Unit 2 Bath Description
Main Floor Full Bath: 1
Unit 2 Cooling
Window: 1
Unit 2 Dining Room Description
Living/Dining Room: 1
Unit 2 Fireplace Char
Decorative: 1
Living Room: 1
Location Tax and Other Information
House Number: 2809
Street Name: Garfield
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Haywoods Add
Property Features
Accessible: None
Amenities Shared: Common Garden
Basement: Single Tenant Access; Unfinished
Construction Status: Previously Owned
Exterior: Vinyl; Wood
Foundation: Other
Fuel: Other
Heating: Forced Air; Radiant; Space Heater
Laundry: In Unit
Lot Description: Irregular Lot
Owner Pays: Common Area Maintenance; HVAC Maintenance; Insurance; Lawn; Repairs; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Uncovered/Open
Rental License Type: Airbnb; Standard
Roof: Age 8 Years or Less
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Cable TV; Electricity; Gas; Heat
Unit 1 Amenities: Cable; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Washer/Dryer Hookup
Unit 1 Appliances: Freezer; Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Dining Room Description: Separate/Formal Dining Rm
Unit 1 Special Search: Main Floor Bedroom; 3 BR on One Level; All Living Fac. on One Level
Unit 2 Amenities: Cable; Hardwood Floors; Kitchen Window; Porch
Unit 2 Appliances: Freezer; Range; Refrigerator
Unit 2 Bath Description: Main Floor Full Bath
Unit 2 Cooling: Window
Unit 2 Dining Room Description: Living/Dining Room
Unit 2 Fireplace Char: Decorative; Living Room
Water: City Water/Connected
Listing Office: Coldwell Banker Realty
Last Updated: October - 10 - 2025

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