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2809 Garfield Ave
Listing Notes
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.
Market Insights
$167/sqft vs a nearby median of $256/sqft.
- -35% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,863 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 56.8% below the fair value — likely to draw competing offers if it's still on market.
- Pre-war character+$18k +2.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 6 days
- Last price change
- No change recorded
- Listed
- May 6, 2026
- Photos
- 34 photos
- Property type
- multi family
- Status
- for sale