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Listed price in listed location currency (USD).
$479,000

520

MLS® 7069096

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2863 sqft
Garage 
Taxes $7,489
Days Active 5
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $167
MLS® Number 7069096

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 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.
MLS® Number7069096
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementSingle Tenant Access, Unfinished
DrivewayParking Lot, Open
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 6, 2026List Date
$479,000List Price

Home Appraisal

This property is estimated to sell between: $479,000 and $494,000.
Similar properties in this area sold on average for: $488,916
Expected to sell in 53 days. Similar properties sold in 58 days. This home has been on eXp Realty for 5 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
2809 Garfield Ave, Minneapolis, MN

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