2809 Garfield Avenue

Minneapolis, MN 55408

About this property

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.

About this property

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.

Features and Additional Information

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$529,000 Active
2,863 sqft

Presented By Coldwell Banker Crown Bemidji

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Area Information

Whittier | Hennepin County | Haywoods Add

$ 529,000
This listing is play_arrow 7.5% lower than the average in the area
$ 572,000 in the area
2,863 SqFt
This listing is play_arrow 0.1% larger than the average in the area
2,860 SqFt in the area
$ 185 $/SqFt
This listing is play_arrow 7.6% less than the average in the area
$ 200 $/SqFt in the area
33 days on site
This listing is play_arrow 7.0% below the average in the area
36 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
    Minneapolis
Listed By Shane Spencer
Brokerage: Coldwell Banker Realty

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