1518 Park Avenue, Minneapolis, MN 55404

Minneapolis
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
1518 Park Avenue,Minneapolis, MN 55404
$389,900
  • 6 Beds
  • 2 Baths
  • 2,849 sq. ft.
  • Multi-family
  • Active
Listed by: victor lukandwa
Office: sanyu llc.
MLS#:7107968
Source:NSMLS

Price summary

  • Price:$389,900
  • Price per sq. ft.:$136.81

About this home

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.

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Home facts

  • Year built:1900
  • Subdivision & Development:Elliot & Abbotts Add
  • Listing ID #:7107968
  • Added:103 day(s) ago
  • Updated:October 23, 2026 at 12:26 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Basement:Yes
  • Basement Description:Partial
  • Living area:2,849 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Age 8 Years or Less
  • Year built:1900
  • Building area:2,849 sq. ft.
  • Lot area:0.08 Acres
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$389,900
  • Price per sq. ft.:$136.81
  • Tax amount:$4,971 (2025)

Parking

  • Carport spaces:2
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