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1518 Park Avenue, Minneapolis, MN

$399,900

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6

Beds

2

Baths

2,849

Square feet

0.08

Acres

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.

Features of 1518 Park Avenue

MLS® # 7107968
Price $399,900
Bedrooms 6
Bathrooms 2.00
Square Footage 2,849
Acres 0.08
Year Built 1900
Type Residential Income
Sub-Type Other
Status Active

Community Information

Address 1518 Park Avenue
Area 24
Subdivision Elliot & Abbotts Add
City Minneapolis
County Hennepin
State MN
Zip Code 55404

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Fireplace No

Exterior

Exterior Features Wood
Roof Age 8 Years or Less

School Information

District Minneapolis

Additional Information

Days on Market 36
Foreclosure No
Short Sale No
Taxes $4,971

Listing Details

OfficeSanyu LLC

Listing Map

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