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Neal Lawson

neal@mndreamteam.com +1(612) 418-5892

$ 479,000

Est. payment -/mo

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2809 Garfield AVE Minneapolis, MN 55408

5 Beds

2 Baths

2,863 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,863 sqft

Price per Sqft $167

Subdivision Haywoods Add

MLS Listing ID 7069096

Bedrooms 5

Year Built 1900

Annual Tax Amount $7,489

Tax Year 2025

Contingent None

Lot Size 5,227 Sqft

Lot Dimensions 40x129

Property Sub-Type Duplex Up and Down

Property 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 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.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Single Tenant Access, Unfinished

Interior

Heating Forced Air, Radiant, Space Heater

Fireplace No

Laundry In Unit

Exterior

Parking Features Parking Lot, Open

Roof Type Age 8 Years or Less

Building

Lot Description Irregular Lot

Story Two

Foundation 1560

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by Shane Spencer • Coldwell Banker Realty - Lakes

NEARBY SCHOOLS & PROPERTIES

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

2809 Garfield AVE Minneapolis, MN 55408

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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