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1518 Park Avenue, Minneapolis, MN 55404

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Listed By

Agency Name: Sanyu LLC
Agency Phone: 651-334-4806

Shown By

Agency Title: Counselor Realty
Agency Phone:

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Property Description

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.

1518 Park Avenue | MLS# 7107968

This multi-family property located at 1518 Park Avenue, Minneapolis, MN 55404 is currently listed for sale with an asking price of $415,000. Park Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Other, Partial
Heating: Forced Air
Lot Size: 0.08 Acres
Roof Type: Age 8 Years or Less
Taxes: $4,971
Year Built: 1900

Feature Descriptions

Days on Site: 3
Foundation Size: 1358
Lot Dimensions: 26x128x26x128
Owners Expense: Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
Parcel#: 2602924320061
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Fuel, Gas, Heat
Units: 2
Water: City Water/Connected

Local Schools

School District: Minneapolis

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Estimated Payment

$ 2,744.10 per month $2,208.80 Principal & Interest $414.25 Property Tax $121.04 Homeowner's Insurance

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