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$499,000

  • For Sale
  • Active
  • Duplex
  • 2,863 Sq. Ft.
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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.

Full Property Details for 2809 Garfield Ave

General

  • Price: $499,000
  • Taxes: $7,489 (2025)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6800669
  • Updated: 11/22/2025
  • Added to Site: 102 day(s) ago

Additional Information

  • Shared Amenities: Common Garden

Exterior

  • Porch/Patio/Deck: Covered, Front Porch

Parking

  • Parking Features: Parking Lot, Open

Location

  • County: Hennepin
  • Subdivision: Haywoods Add
  • Neighborhood: Whittier
  • Driving Directions: Lyndale Ave to 28th. Right to Garfield Ave. Right to 2809 Garfield Ave.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Forced Air, Radiant, Space Heater
  • Heating Fuel: Other

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Vinyl Siding, Wood Siding
  • Basement: Yes
  • Basement Desc.: Single Tenant Access, Unfinished
  • Foundation Size: 1560
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 2,863
  • Above Ground: 2,863 Sq. Ft.
  • Finished Down/Base.: 2,863 Sq. Ft.
  • Year Built: 1900

Unit Information

  • Units w/Refrigerators: 2
  • Units w/Range/Oven: 2

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 40 x 129
  • Zoning: Residential-Multi-Family
  • Lot Description: Irregular Lot

Financial Considerations

  • Operating Expenses: $5,850
  • Tax Amount: $7,489
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Insurance, Grounds Care, Snow Removal, Taxes, Trash Collection
  • Tenant Pays: Cable TV, Electricity, Gas
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 012 BLOCK 001 HAYWOODS ADDN TO MPLS
  • Property ID: 3402924330161
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 2809 Garfield Ave —

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Schools serving 2809 Garfield Ave

School District:Minneapolis Public School District
NameGradesDistance
Whittier International
315 West 26th St, Minneapolis, MN 55404
PK-50.3 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-81.4 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2809 Garfield Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/22/2025
Price Reduced
$499,000
-5.67%
MLS
11/03/2025
Price Reduced
$529,000
-3.64%
MLS
10/10/2025
Listed
$549,000
22%
MLS
9/16/2019
Sold
$450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2809 Garfield Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,489
3%
$412,000
-9%
2023
$7,247
4%
$454,000
5%
2023
$6,978
—
$434,000
3%
2023
$6,978
37%
$421,000
20%
2020
$5,104
-2%
$351,345
6%
2019
$5,216
22%
$332,815
17%
2018
$4,291
-11%
$284,310
11%
2017
$4,842
11%
$256,500
15%
2016
$4,343
2%
$223,000
6%
2015
$4,278
4%
$209,500
12%
2014
$4,120
-1%
$187,500
—
2013
$4,143
—
$187,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2809 Garfield Avenue, Minneapolis, MN 55408 (MLS# 6800669) is a Duplex property with 0 bedrooms and 0 full bathrooms. 2809 Garfield Avenue is currently listed for $499,000 and was received on October 07, 2025. This property is listed by Shane Spencer from our Minneapolis Lakes Office.Want to learn more about 2809 Garfield Avenue? Do you have questions about finding other Duplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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