Minneapolis, MN 55408 2809 Garfield Avenue

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Presented By: Coldwell Banker Realty
  • MLS# 6800669
  • 10/07/2025
  • Request Tour
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  • Beds • 5
  • Baths • 2
  • SQFT • 2,863

Home Details

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.
Presented By: Coldwell Banker Realty

Interior Features for 2809 Garfield Avenue

Other Interior Features

Above Grade Finished Area2863
BasementSingle Tenant Access, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
FuelOther

General for 2809 Garfield Avenue

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCommon Garden
CityMinneapolis
Construction MaterialsVinyl Siding, Wood Siding
ContingencyNone
CountyHennepin
DirectionsLyndale Ave to 28th. Right to Garfield Ave. Right to 2809 Garfield Ave.
Electric Expense
Fuel Expense
Garage Spaces
Gross Income55650
HeatingForced Air, Radiant, Space Heater
High School DistrictMinneapolis
Insurance Expense2000
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2863
Lot Size UnitsAcres
MaintenanceExpense2750
New ConstructionNo
Number Of Units Total2
Operating Expense5850
OwnerPaysInsurance, Grounds Care, Snow Removal, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHaywoods Add
Tax Annual Amount7489
Tax Year2025
Tenant PaysCable TV, Electricity, Gas
Trash Expense624
Water Sewer Expense0
Year Built1900
Zoning DescriptionResidential-Multi-Family

Exterior for 2809 Garfield Avenue

Building Area Total2863
Foundation Area1560
Lot Dimensions40x129
Lot FeaturesIrregular Lot
Lot Size Area0.12
Parking FeaturesParking Lot, Open
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $529,000
MLS#6800669
List Date 10/07/2025
Property Type Multi-Family
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