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2542 Garfield Avenue, Minneapolis, MN 55405

$339,000
  • 2542 Garfield Avenue, Minneapolis, MN 55405 Main Photo

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Active
BEDS0 BATHS SQUARE FEET2,911 MLS#7142239
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLot 012 Block 001 Garfield Ave SCHOOLMinneapolis

Property Description

Prime Uptown/Whittier duplex offering an ideal combination of location, character and income potential. Situated in one of Minneapolis' most walkable neighborhoods, just steps from Lyndale Avenue restaurants, coffee shops, shopping and nightlife, with convenient access to downtown, Lake of the Isles, Bde Maka Ska and public transit.This classic 1918 duplex offers approximately 2,211 square feet, hardwood floors and the charm of original Minneapolis architecture. An excellent opportunity for investors or owner occupants. Live in one unit and rent the other to help offset monthly housing costs. The property has a long history as a rental and is well positioned in a high demand rental area near downtown employers, hospitals, universities and entertainment.Four off-street parking spaces add significant convenience and value for both residents and tenants. Major exterior improvements include a new roof and new siding in 2024. The manageable building and lot size make this an appealing alternative to larger multifamily properties. Upper unit is currently leased through May 31, 2027. A great opportunity to own a character filled duplex in the heart of Uptown/Whittier with both lifestyle and income potential. Note there is a $5,000 seller contribution available for buyer's closing costs or interest rate buydown - helping lower cash to close or monthly payment.

2542 Garfield Avenue | MLS# 7142239

This multi-family property located at 2542 Garfield Avenue, Minneapolis, MN 55405 is currently listed for sale with an asking price of $339,000. Garfield Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyjoel.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Heating: Hot Water
Lot Size: 0.10 Acres
Roof Type: Asphalt
Taxes: $7,061
Year Built: 1918

Feature Descriptions

Days on Site: 44
Foundation Size: 908
Lot: Public Transit (w/in 6 blks), Tree Coverage - Medium
Lot Dimensions: 40x118.6
Owners Expense: Insurance, Taxes, Trash Collection, Water
Parcel#: 3402924230056
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Electricity, Gas, Lawn Care, Snow Removal
Units: 2
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: DRG
Agency Phone: 612-777-8005

Shown By

Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541

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Estimate Your Payment

Estimated Payment

$ 1,441.76 per month $754.47 Principal & Interest $588.42 Property Tax $98.88 Homeowner's Insurance

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