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$ 450,000
Est. payment /mo
New
2809 Garfield AVE Minneapolis, MN 55408
5 Beds
2 Baths
2,863 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,863 sqft
Price per Sqft $157
Subdivision Haywoods Add
MLS Listing ID 7011200
Bedrooms 5
Year Built 1900
Annual Tax Amount $7,489
Tax Year 2025
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40x129
Property 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.
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.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Single Tenant Access, Unfinished
Interior
Heating Forced Air, Radiant, Space Heater
Fireplace No
Laundry In Unit
Exterior
Parking Features Parking Lot, Open
Roof Type Age 8 Years or Less
Building
Lot Description Irregular Lot
Story Two
Foundation 1560
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
Listed by Shane Spencer • Coldwell Banker Realty - Lakes