2809 Garfield Avenue Minneapolis, MN 55408
For Sale MLS# 6800669
5 beds 2 baths 2,863 sq ft Multi-family
Details for 2809 Garfield Avenue
MLS# 6800669
Description for 2809 Garfield Avenue, Minneapolis, MN, 55408
Prime Lyn-Lake Investment OpportunityAn 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.
Listing Information
Property Type: Multi-family, Duplex Up and Down
Status: Active
Bedrooms: 5
Bathrooms: 2
Lot Size: 0.12 Acres
Square Feet: 2,863 sq ft
Year Built: 1900
Foundation: 1,560 sq ft
Stories: 2 Stories
Subdivision: Haywoods Add
Number Of Units Total: 2
County: Hennepin
Days On Market: 82
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: In Unit
Interior Features
Square Footage above: 2,863 sq ft
Basement: Single Tenant Access, Unfinished
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Space Heater, Forced Air, Other, Radiant
Exterior / Lot Features
Parking Description: Parking Lot, Uncovered/Open
Exterior: Vinyl, Wood
Roof: Age 8 Years or Less
Lot Dimensions: 40x129
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Irregular Lot
Community Features
Association Amenities: Common Garden
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1775
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 6
Unit 2 Units Total: 1
Unit 2 Actual Rent: 3000
Unit 2 Baths Total: 1
Unit 2 Beds Total: 3
Unit 2 Rooms Total: 7
Driving Directions
Lyndale Ave to 28th. Right to Garfield Ave. Right to 2809 Garfield Ave.
Financial Considerations
Other Annual Tax: $7,489
Tenant Pays: Cable T.V.,Electric,Gas,Heat
Owner Pays: Common Area Maintenance,HVAC Maintenance,Insurance,Lawn,Repairs,Snow,Taxes,Trash,Water
Gross Income: 55650
Expense: 5850
Tax/Property ID: 3402924330161
Tax Amount: 7489
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Coldwell Banker Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2809 Garfield Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2809 Garfield Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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