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 | 61 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $4,971 |
| Tax Year | 2025 |
Listing Details
| Office | Sanyu LLC |
|---|
Listing Map
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