2809 Garfield Avenue, Minneapolis, MN 55408

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1560
Above Ground SqFt: 2863
Total SqFt: 2863
Foundation Size: 1560
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2863.00
Lot Dimensions: 40x129
Acres: 0.12
Assessment Pending: No
Below Grd Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Common Garden Basement: Single Tenant Access; Unfinished Construction Status: Previously Owned Exterior: Vinyl; Wood Foundation: Other Fuel: Other Heating: Forced Air; Radiant; Space Heater Laundry: In Unit Lot Description: Irregular Lot Owner Pays: Common Area Maintenance; HVAC Maintenance; Insurance; Lawn; Repairs; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Uncovered/Open Rental License Type: Airbnb; Standard Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Gas; Heat Unit 1 Amenities: Cable; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Washer/Dryer Hookup Unit 1 Appliances: Freezer; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 1 Special Search: Main Floor Bedroom; 3 BR on One Level; All Living Fac. on One Level Unit 2 Amenities: Cable; Hardwood Floors; Kitchen Window; Porch Unit 2 Appliances: Freezer; Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Living/Dining Room Unit 2 Fireplace Char: Living Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 479000
ListPrice: 479000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2809
Street Name: Garfield
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Haywoods Add

Assessments

Assessment Balance: 7489
Tax With Assessments: 7489

Building Information

Finished SqFt Above Ground: 2863

More Information

Income and Expenses

Annual Gross Expenses: 5850
Annual Gross Income: 40500
Annual Insurance Expense: 2000
Annual Maintenance Expense: 2750
Annual Trash Expense: 624
Total Annual Expenses: 5850
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Water/Sewer Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 34
Township#: 29

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 19200
Finished SqFt: 1560
Full Baths: Yes
Monthly Rent: 1600
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit 2

Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Unit Number: 2
# of Fireplaces: Yes
Annual Rent: 21300
Finished SqFt: 1302
Full Baths: Yes
Monthly Rent: 1775
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 012 BLOCK 001 HAYWOODS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2105
Property ID Number: 3402924330161
Tax Year: 2025
Tax Amount: 7489
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Lyndale Ave to 28th. Right to Garfield Ave. Right to 2809 Garfield Ave.

Accessible

None: Yes

Amenities Shared

Common Garden: Yes

Basement

Single Tenant Access: Yes
Unfinished: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes
Wood: Yes

Foundation

Other: Yes

Fuel

Other: Yes

Heating

Forced Air: Yes
Radiant: Yes
Space Heater: Yes

Laundry

In Unit: Yes

Lot Description

Irregular Lot: Yes

Owner Pays

Common Area Maintenance: Yes
HVAC Maintenance: Yes
Insurance: Yes
Lawn: Yes
Repairs: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Uncovered/Open: Yes

Patio, Porch and Deck Features

Covered: Yes
Front Porch: Yes

Rental License Type

Airbnb: Yes
Standard: Yes

Roof

Age 8 Years or Less: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Heat: Yes

Unit 1 Amenities

Cable: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Washer/Dryer Hookup: Yes

Unit 1 Appliances

Freezer: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes
3 BR on One Level: Yes
All Living Fac. on One Level: Yes

Unit 2 Amenities

Cable: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Porch: Yes

Unit 2 Appliances

Freezer: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Dining Room Description

Living/Dining Room: Yes

Unit 2 Fireplace Char

Living Room: Yes