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MLS: #7069096, Listed By: Shane Spencer, Coldwell Banker Realty - Lakes, Source:FargoMoorhead Area Association of REALTORS

2809 Garfield Avenue

Minneapolis, MN 55408
Mark as Favorite
Bed 5

Bed

Bath 2

Bath

SqFt2,863

Sqft

Acres0.12

Acre(Lot)

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 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $450,000

AD Id : 78030903

MLS Id : 7069096

Beds : 5

Lot Size : 0.12 Acre

Living Area Size : 2,863

Year Built : 1900

County : Hennepin

Subdivision: Harrisburg

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 2

    Room Information

    Has Basement: Yes Basement: Unfinished
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Radiant, Space Heater

  • Building Information

    Year Built: 1900 Building Area Total: 2863 Stories: 2 Patio And Porch Features: Covered, Front Porch Private Pool: No

  • Lot Information

    Lot Dimensions: 40x129 Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227.2 Lot Description: Irregular Lot

    Property Information

    Subdivision: Haywoods Add Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 126

  • Listing Price Information

    Listing Price: $450000 Original Price: $479000 Cash, Conventional

  • Tax Information

    Parcel Number: 3402924330161 Annual Tax: $7489

  • Parking Information

    Parking Lot

  • Location Information

    Direction: Lyndale Ave to 28th. Right to Garfield Ave. Right to 2809 Garfield Ave. WaterSource: Public
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Nearby Home Value

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3201 3rd Avenue, Minneapolis, MN, 55408 $499,900 6 3 3,144 3,144 SqFt
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3500 1st Avenue, Minneapolis, MN, 55408 $774,900 12 4 4,680 4,680 SqFt
6 E 34th Street, Minneapolis, MN, 55408 $175,000 4 4 3,808 3,808 SqFt
16 W 33rd Street, Minneapolis, MN, 55408 $715,000 7 4 4,630 4,630 SqFt
2700 Pillsbury Avenue, Minneapolis, MN, 55408 $799,900 7 4 5,400 5,400 SqFt
2824 Pillsbury Avenue, Minneapolis, MN, 55408 $624,900 4 4 2,720 2,720 SqFt
3133 Pleasant Avenue, Minneapolis, MN, 55408 $775,000 8 4 --
3221 Grand Avenue, Minneapolis, MN, 55408 $599,900 4 4 2,464 2,464 SqFt
3514 Grand Avenue, Minneapolis, MN, 55408 $849,900 10 8 4,900 4,900 SqFt
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. 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. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/11/2026 @ 09:40

MLS: 7069096 LISTED BY: Shane Spencer, Coldwell Banker Realty - Lakes 612-920-5605 SOURCE: FargoMoorhead Area Association of REALTORS

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