2542 Garfield Avenue Minneapolis, MN $ 339,000
2542 Garfield Avenue
$ 339,000
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2542 Garfield Avenue

Minneapolis, MN, 55405
$ 339,000
Bedrooms3 Baths2.0 Sq 2,211

Monthly Estimate*

$ 2,341

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Multi-Family Home for sale in Minneapolis, MN

for $339,000 with 3 bedrooms and 2 full baths. This 2,211 square foot home was built in 1918 on a lot size of 0.1.

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.

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Multi-Family Active

Price

$ 339,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,061

Style

Duplex Up and Down

Lot Size

0.1

Year Built

1918

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7142239

Features
General
Living Area 2211
Sewer City Sewer/Connected
Heating Hot Water
Roof Asphalt
Garage Spaces 0
Pool Features None
Year Built 1918
Tenant Pays Broadband Electricity Gas Lawn Care Snow Removal
Levels Two
Property Subtype Duplex Up and Down
Tax Year 2026
Gross Income 36360
Accessibility None
County Hennepin
Net Operating Income 34080
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Association Amenities Porch
Contingency None
MaintenanceExpense 0
Subdivision Name Lot 012 Block 001 Garfield Ave
Directions S Lyndale Ave left on W 25th St 1st right onto Garfield. Property on the right.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 7061.4
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Virtual Tour https://tours.spacecrafting.com/n-cc6c7k
Standard Status Active
Lender Owned No
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Interior
Basement Full
Basement (Y/N) Y
Above Grade Finished Area 2211
Laundry Features Common Area Lower Level
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 2
Fuel Natural Gas
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Exterior
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.1
Building Area Total 2911
Lot Dimensions 40x118.6
Waterfront Y/N N
Foundation Area 908
Road Frontage Type City Street Curbs Paved Streets Sidewalks
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Internal Only
Street Number 1 2542
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* Excluded Features
List By
Drg

Broker

richard@drgmpls.com

Email

Affordability Calculator

$2,930
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,341
Monthly Property Taxes
$588
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2026$339,000 -2.87% Price Down
10/1/2026$349,000 -3.06% Price Down
9/16/2026$360,000 Listed Price

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2542 Garfield Avenue, Minneapolis, MN, 55405 is a Multi-Family Home for sale at $339,000 with 2,211 sqft and a lot size of 0.1. 2542 Garfield Avenue has 3 bedrooms, 2.0 baths, and was built in 1918. The property's zip code is 55405 which is in Minneapolis, MN