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Listed price in listed location currency (USD).
$450,000

520

MLS® 7011200

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2863 sqft
Garage No
Taxes $7,489
Days Active 1
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $157
MLS® Number 7011200

Property Address: 2809 Garfield Ave, Minneapolis, MN, 55408-2105

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number7011200
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1900
BasementSingle Tenant Access, Unfinished
DrivewayParking Lot, Open
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 22, 2026List Date
$450,000List Price
  • Commute

Commute

Starting Address
Destination Address
2809 Garfield Ave, Minneapolis, MN

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