About This Home

This 3-bedroom, 2-bathroom multi-family at 2542 Garfield Avenue in Minneapolis, MN is listed for $339,000 ($153 per sqft). Built in 1918, the home offers 2,211 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1918
  • 0.10 acre lot

Property Details

2 full
1918
Listing Description

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.

Monthly Cost Estimate

$1,813/mo

20% down · 6.5% · 30 years

Principal$245
Interest$1,469
Insurance$99

Estimates only. Actual payments may vary.

Location

2542 Garfield Avenue

Minneapolis, MN 55405

Lot 012 Block 001 Garfield Ave

Property Details

Outdoor Features

Porch

Heating

Hot Water(Heating)

Questions & Answers

This 3-bedroom, 2-bathroom multi-family at 2542 Garfield Avenue is listed at $339,000 ($153/sqft). The estimated monthly payment is $1,813 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1918, 0.10 acre lot.

This property is listed by Richard E Newman.

RN

Richard E Newman

Agent at Downtown Resource Group, LLC

Listed by Downtown Resource Group, LLC · Broker phone: (612) 244-6613 · View on Broker Site · Broker website

MLS# 7142239· Source: Northstar MLS· 47 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2542 Garfield Avenue, Minneapolis, MN 55405

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