1518 Park Avenue, Minneapolis, MN 55404

Minneapolis
Local realty services provided by:ERA Prospera Real Estate
1518 Park Avenue,Minneapolis, MN 55404
$415,000
  • 6 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Coming Soon
Listed by: victor lukandwa
Office: sanyu llc.
MLS#:7107968
Source:NSMLS

Price summary

  • Price:$415,000

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
  • Listing ID #:7107968
  • Updated:July 13, 2026 at 08:02 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Basement:Yes
  • Basement Description:Partial

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Age 8 Years or Less
  • Year built:1900
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$415,000
  • Tax amount:$4,971 (2025)

Parking

  • Carport spaces:2
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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