BEDS0
BATHS
SQUARE FEET2,863
MLS#7069096
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHaywoods Add
SCHOOLMinneapolis
Property Description
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 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Single Tenant Access, Unfinished
Basement: Yes
Heating: Forced Air, Radiant, Space Heater
Lot Size: 0.12 Acres
Roof Type: Age 8 Years or Less
Taxes: $7,489
Year Built: 1900
Feature Descriptions
Days on Site: 39
Foundation Size: 1560
Lot: Irregular Lot
Lot Dimensions: 40x129
Owners Expense: Common Area Maintenance, HVAC Maintenance, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
Parcel#: 3402924330161
Parking: Parking Lot, Open
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Gas, Heat
Units: 2
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Lakes
Agency Phone: 612-920-5605
Shown By
Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541
Estimate Your Payment
Estimated Payment
$ 1,756.84 per month $1,001.50 Principal & Interest $624.08 Property Tax $131.25 Homeowner's Insurance
2809 Garfield Avenue | MLS# 7069096
This multi-family property located at 2809 Garfield Avenue, Minneapolis, MN 55408 is currently listed for sale with an asking price of $450,000. Garfield Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyjoel.com today.