2542 Garfield Avenue, Minneapolis, MN 55405

Status: For Sale

2 units

2,211 sq ft

$339,000

$21,000 from List Price

MLS# 7142239

On Market: 50 days

WELCOME HOME

Get to know this property.

Prime Uptown/Whittier duplex offering an ideal combination of location, character and income potential. Situated in one of Minneapolis’ most walkable neighborhoods, just steps from Lyndale Avenue restaurants, coffee shops, shopping and nightlife, with convenient access to downtown, Lake of the Isles, Bde Maka Ska and public transit. This classic 1918 duplex offers approximately 2,211 square feet, hardwood floors and the charm of original Minneapolis architecture. An excellent opportunity for investors or owner occupants. Live in one unit and rent the other to help offset monthly housing costs. The property has a long history as a rental and is well positioned in a high demand rental area near downtown employers, hospitals, universities and entertainment. Four off-street parking spaces add significant convenience and value for both residents and tenants. Major exterior improvements include a new roof and new siding in 2024. The manageable building and lot size make this an appealing alternative to larger multifamily properties. Upper unit is currently leased through May 31, 2027. A great opportunity to own a character filled duplex in the heart of Uptown/Whittier with both lifestyle and income potential. Note there is a $5,000 seller contribution available for buyer's closing costs or interest rate buydown - helping lower cash to close or monthly payment.

The details that matter.

General Info

General Property Information for 2542 Garfield Avenue, Minneapolis, MN 55405 - MLS# 7142239

Bedrooms and Bathrooms

Total Bedrooms:

Total Bathrooms:

Size and Multi Family Residence

Year Built:

1918

Type of Property:

Multi Family Residence

Style:

Duplex Up and Down

Stories/Levels:

2 Story

Total SqFt:

2,211

Total Fnsh'd SqFt:

2,211

Above Ground SqFt:

2,211

Finished Above Grade:

2,211

Below Ground SqFt:

700

Finished Below Grade:

Garage Stalls:

Garage SqFt:

N/A

Main Floor SqFt:

1,036

Approx Lot Dimensions:

40 x 118.6

Approx Number of Acres:

0.1

Income and Expenses

Gross Income:

$36,360

Total Expenses:

Property Features

Unit Info

Owner and Association Info

Tax Info

School Info

Listing & Price History

A closer look at the location.

S Lyndale Ave, left on W 25th St, 1st right onto Garfield. Property on the right.

This listing has been entered by the following office: DRG

The data relating to real estate for sale on this web site comes in part from the Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the or the and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.