3427 Garfield Avenue, Minneapolis, MN 55408

$475,000
Property Type: Multi-Family Bedrooms: 5 Baths: 3 Square Footage: 2,360 Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $475,000 List Date: 3/06/2026 Last Modified: 4/17/2026

Overview

Description

Turnkey duplex opportunity in Minneapolis’ Lyndale neighborhood. The main level apt features a comfortable 2-bedroom, 1-bath layout with a living room bay window, decorative fireplace in the primary bedroom, and a blend of classic hardwood and tile floors. Just outside, relax on the covered front or rear porch. The upper-level apartment spans a story and a half with 3 bedrooms and 2 bathrooms. The expansive primary ensuite stretches approximately 38 feet from front to back and includes an updated bathroom, walk-in closet, and flexible space ideal for a home office, studio, reading nook, or workout area. The kitchen opens to a large deck, and the unit enjoys bright, sunny spaces throughout. Shared laundry in the lower level with separate rear entrance. Convenient off-street parking with a detached single-car garage plus space for 3–4 additional vehicles. An excellent opportunity for an owner-occupant or investor.

Listing Details MLS# 7028764

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
858
Above Ground SqFt
2164
Below Grd Total SqFt
196
Total SqFt
2360
Foundation Size
858
Style
(MF) Duplex Up and Down
Total Finished Sqft
2164.00
Power Company
Xcel Energy
Garage Stalls
Yes
Lot Dimensions
45x129
Acres
0.13
Assessment Pending
No

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned; Common Laundry Facility; Porch Basement: Concrete Block; Crawl Space; Partial; Shared Access Construction Materials: Block; Stone Construction Status: Previously Owned Electric: 100 Amp Service; Circuit Breakers Exterior: Vinyl Fencing: Chain Link; Partial Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable; Fiber Optic Laundry: In Basement Lock Box Type: Supra Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Medium Owner Pays: Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Insurance; Maintenance/Repair; Repairs; See Remarks; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot Road Frontage: City Street; Sidewalks Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Tenant Pays: Broadband; Cable TV; Electricity; Gas; Heat; Hot Water; See Remarks Unit 1 Amenities: Ceiling Fan(s); Deck; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Paneled Doors; Porch; Tile Floors Unit 1 Appliances: Dishwasher; Exhaust Fan/Hood; Furnace Humidifier; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Eat In Kitchen Unit 1 Fireplace Char: Decorative; Other; Primary Bedroom Unit 1 Special Search: Main Floor Bedroom Unit 2 Amenities: Walk-In Closet; Ceiling Fan(s); Deck; Kitchen Window; Paneled Doors; Primary Bedroom Walk-in Closet; Tile Floors Unit 2 Appliances: Dishwasher; Exhaust Fan/Hood; Range; Refrigerator Unit 2 Bath Description: 3/4 Primary; Main Floor Full Bath; Private Primary; Upper Level 3/4 Bath; Walk-In Shower Stall Unit 2 Cooling: Central Unit 2 Dining Room Description: Eat In Kitchen Unit 2 Special Search: Primary Bdr Suite Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
475000
ListPrice
475000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3427
Street Name
Garfield
Street Suffix
Avenue
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55408
Complex/Dev/Subdivision
Bakers Add

Assessments

Tax With Assessments
7343.34
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2164

More Information

Income and Expenses

Annual Gross Expenses
13525
Annual Gross Income
42000
Annual Insurance Expense
3301.37
Annual Net Income
28475
Annual Water/Sewer Expense
2880
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0
Annual Trash Expense
0
Total Annual Expenses
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
03
Township#
28

Unit 1

Furnished?
No
Lease Expiration Date
2026-08-31
Leased?
Yes
Level
Main Level
Unit Number
Yes
# of Fireplaces
Yes
Annual Rent
15600
Finished SqFt
858
Full Baths
Yes
Monthly Rent
1300
No. of Units Like This
Yes
Oth Parking Spaces
3
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit 2

Furnished?
No
Lease Expiration Date
2026-08-31
Leased?
Yes
Level
Multi-Level
Unit Number
2
3/4 Baths
Yes
Annual Rent
26400
Finished SqFt
1306
Full Baths
Yes
Monthly Rent
2200
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
3
Total Rooms
7

Unit Details

Total Units
2

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
LOT 014 BLOCK 006 BAKERS ADDN TO MPLS
Listing City
Minneapolis
Map Page
120
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
8134
Property ID Number
0302824320083
Tax Year
2025
Tax Amount
7343.34
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Turnkey duplex opportunity in Minneapolis’ Lyndale neighborhood. The main level apt features a comfortable 2-bedroom, 1-bath layout with a living room bay window, decorative fireplace in the primary bedroom, and a blend of classic hardwood and tile floors. Just outside, relax on the covered front or rear porch. The upper-level apartment spans a story and a half with 3 bedrooms and 2 bathrooms. The expansive primary ensuite stretches approximately 38 feet from front to back and includes an updated bathroom, walk-in closet, and flexible space ideal for a home office, studio, reading nook, or workout area. The kitchen opens to a large deck, and the unit enjoys bright, sunny spaces throughout. Shared laundry in the lower level with separate rear entrance. Convenient off-street parking with a detached single-car garage plus space for 3–4 additional vehicles. An excellent opportunity for an owner-occupant or investor.
Directions
35TH ST TO GARFIELD AVE, NORTH TO PROPERTY

Accessible

None
Yes

Amenities Shared

Coin-op Laundry Owned
Yes
Common Laundry Facility
Yes
Porch
Yes

Basement

Concrete Block
Yes
Crawl Space
Yes
Partial
Yes
Shared Access
Yes

Construction Materials

Block
Yes
Stone
Yes

Construction Status

Previously Owned
Yes

Electric

100 Amp Service
Yes
Circuit Breakers
Yes

Exterior

Vinyl
Yes

Fencing

Chain Link
Yes
Partial
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Internet Options

Cable
Yes
Fiber Optic
Yes

Laundry

In Basement
Yes

Lock Box Type

Supra
Yes

Lot Description

Public Transit (w/in 6 blks)
Yes
Tree Coverage - Medium
Yes

Owner Pays

Common Area Maintenance
Yes
Exterior Maintenance
Yes
HVAC Maintenance
Yes
Insurance
Yes
Maintenance/Repair
Yes
Repairs
Yes
See Remarks
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Parking Characteristics

Parking Lot
Yes

Patio, Porch and Deck Features

Deck
Yes
Front Porch
Yes
Rear Porch
Yes
Screened
Yes

Road Frontage

City Street
Yes
Sidewalks
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

No. of Ranges

One Per Unit
Yes

No. of Refrigerators

One Per Unit
Yes

Tenant Pays

Broadband
Yes
Cable TV
Yes
Electricity
Yes
Gas
Yes
Heat
Yes
Hot Water
Yes
See Remarks
Yes

Unit 1 Amenities

Ceiling Fan(s)
Yes
Deck
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Paneled Doors
Yes
Porch
Yes
Tile Floors
Yes

Unit 1 Appliances

Dishwasher
Yes
Exhaust Fan/Hood
Yes
Furnace Humidifier
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Central
Yes

Unit 1 Dining Room Description

Eat In Kitchen
Yes

Unit 1 Fireplace Char

Decorative
Yes
Other
Yes
Primary Bedroom
Yes

Unit 1 Special Search

Main Floor Bedroom
Yes

Unit 2 Amenities

Walk-In Closet
Yes
Ceiling Fan(s)
Yes
Deck
Yes
Kitchen Window
Yes
Paneled Doors
Yes
Primary Bedroom Walk-in Closet
Yes
Tile Floors
Yes

Unit 2 Appliances

Dishwasher
Yes
Exhaust Fan/Hood
Yes
Range
Yes
Refrigerator
Yes

Unit 2 Bath Description

3/4 Primary
Yes
Main Floor Full Bath
Yes
Private Primary
Yes
Upper Level 3/4 Bath
Yes
Walk-In Shower Stall
Yes

Unit 2 Cooling

Central
Yes

Unit 2 Dining Room Description

Eat In Kitchen
Yes

Unit 2 Special Search

Primary Bdr Suite
Yes
Listing Office: National Realty Guild
IDX
Last Updated: April - 17 - 2026
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