MLS: #7107968, Listed By: Victor Lukandwa, Sanyu LLC, Source:FargoMoorhead Area Association of REALTORS
1518 Park Avenue
Minneapolis, MN 55404
6
Bed
2
Bath
2,849Sqft
0.08Acre(Lot)
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 d
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 2Room Information
Has Basement: Yes Basement: Partial, Other -
Heating & Cooling
Has Heating: Yes Heating: Forced Air
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Building Information
Year Built: 1900 Building Area Total: 2850 Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 26x128x26x128 Main Square Feet: 0.08 Acres Lot Size Acres: 0.08 Lot Size Square Feet: 3484.8Property Information
Subdivision: Elliot & Abbotts Add Source Property Type: Residential Income Postal Code Plus 4: 1639 Property SubType: Multi Family Levels: Two Property Age: 126
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Listing Price Information
Listing Price: $399900 Original Price: $415000
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Tax Information
Parcel Number: 2602924320061 Tax Year: 2025 Annual Tax: $4971 Tax Legal Desc: LOT 004 ELLIOT & ABBOTTS ADDN TO MPLS S 1/2
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Location Information
Direction: 35W North to E Grant Street, to E 16th St, West to Park Ave, North to 1518 Park Ave WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2303 22nd Avenue, Minneapolis, MN, 55404 | $350,000 | 3 | 2 | 1,660 | 0.07 Acre |
| 2221 Bloomington Avenue, Minneapolis, MN, 55404 | $399,999 | 6 | 2 | 3,286 | 0.12 Acre |
| 1508 E 26th Street, Minneapolis, MN, 55404 | $534,999 | 11 | 4 | 3,124 | 4,792 Sqft |
| 1926 15th Avenue, Minneapolis, MN, 55404 | $449,000 | 5 | 4 | 2,561 | 0.13 Acre |
| 2121 13th Avenue, Minneapolis, MN, 55404 | $649,000 | 12 | 6 | 5,542 | 0.11 Acre |
| 2211 10th Avenue, Minneapolis, MN, 55404 | $374,700 | 5 | 2 | 2,397 | 0.20 Acre |
| 1604 Elliot Avenue, Minneapolis, MN, 55404 | $649,999 | 10 | 4 | 4,757 | 0.16 Acre |
| 2106 Elliot Avenue, Minneapolis, MN, 55404 | $524,500 | 6 | 3 | 3,514 | 0.10 Acre |
| 1912 Columbus Avenue, Minneapolis, MN, 55404 | $299,000 | 6 | 3 | 2,298 | 0.14 Acre |
| 2210 Oakland Avenue, Minneapolis, MN, 55404 | $790,000 | 12 | 6 | 4,828 | 0.17 Acre |
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ByOwner last updated this listing 09/08/2026 @ 16:47
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