2809 Garfield Avenue, Minneapolis, MN 55408
Local realty services provided by:CENTURY 21 Atwood
2809 Garfield Avenue,Minneapolis, MN 55408
$479,000
- 5 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by: shane spencer, todd nelson
Office: coldwell banker realty - lakes
MLS#:7069096
Source:NSMLS
Price summary
- Price:$479,000
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....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:7069096
- Added:1 day(s) ago
- Updated:May 07, 2026 at 12:04 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Basement:Yes
- Basement Description:Single Tenant Access, Unfinished
Heating and cooling
- Heating:Forced Air, Radiant, Space Heater
Structure and exterior
- Roof:Age 8 Years or Less
- Year built:1900
- Lot Features:Irregular Lot
- Exterior Features:Common Garden
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$479,000
- Tax amount:$7,489 (2025)
Parking
- Parking description:Open, Parking Lot
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