For Sale Property MLS# 7107968

1518 Park Avenue

Minneapolis, MN 55404

$389,900

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About 1518 Park Avenue

Welcome to 1518 Park Ave, a turnkey investment opportunity with strong rental income potential. This duplex features two spacious two-story units, each offering 3 bedrooms and 1 bathroom, ideal for maximizing rental revenue.

Both units include kitchens and baths, in-unit laundry, central AC, and off-street parking amenities that support higher rents and tenant retention. Major updates reduce near-term expenses, including a new roof (2023) with a 5-year workmanship warranty, new furnace in Unit 1 (Feb 2024), and newer water heaters (2024 & 2025).

With strong rental comps, this property offers solid cash flow and cap rate potential. Located near downtown Minneapolis, U.S. Bank Stadium, HCMC, and the Convention Center, with easy access to transit, I-94, and 35W, ensuring consistent tenant demand.

Property details

Property

Type
Other
MLS type
Other
Status
Active
Year built
1900
Stories
Two
Living area
2,849 sqft
Price / sqft
$137
Lot
0.08
Original price
$415,000
MLS #
7107968

Interior

Features
Forced Air, Other, Partial
Heating
Forced Air

Exterior & lot

Features
Wood
Construction
Two, Slab, Age 8 Years or Less
Roof
Age 8 Years or Less
Foundation
Slab
Lot
2602924320061

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$4,971
Tax year
2025
Parcel
2602924320061

Location

Subdivision
Elliot & Abbotts Add
County
Hennepin
Neighborhood
Elliot Park
Community
Hennepin, northstar, Minneapolis
Directions
35W North to E Grant Street, to E 16th St, West to Park Ave, North to 1518 Park Ave

Location

Neighborhood
Elliot Park
Subdivision
Elliot & Abbotts Add
School district
Minneapolis Public School District

Ask about this property

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Listed by Victor Lukandwa, Sanyu LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.